Why I failed my business: No one wants to pay for my ideas

Source: Internet
Author: User
Keywords Internet entrepreneurship

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Lead: Entrepreneurs have a great idea to change the world, and it doesn't mean that others will pay for your ideas. This is a valuable lesson I learned from entrepreneurship.

  

The startupsanonymous column of PandoDaily, a well-known technology blogger, published an article that analyzed how entrepreneurs can get others to accept their ideas, and this column publishes anonymous articles from entrepreneurs and investors each week to share their stories about entrepreneurship:

The idea that entrepreneurs have a great way to change the world doesn't mean that others will have to pay for your ideas. This is a valuable lesson I learned from entrepreneurship.

Two years ago, I resigned from a well-paid government job, started a business, practiced my own online piracy solution, and after months of trying I confirmed it was a great idea that could save a lot of music, books and movie companies.

But my venture has never been favored by investors, and no new customers come in. Eventually I ran out of my savings and had to go back to earning a paycheck, even though my family still faced a lot of economic problems and spent months in a row.

For entrepreneurship my experience is to have a good business model, a good platform, an excellent product. Of course, resources and experience can also help you succeed in the end. I think that entrepreneurs should be more courageous and to connect the atmosphere, because the process will always be full of ups and downs, the energy and energy to use good, maintain a positive attitude, sometimes need to take a step back, solve the problem of butter and bread, can concentrate.

And I am constantly asking myself these questions:

· What problems can you solve and will the user pay for it?

· How many people have similar problems, how can you find them?

· How long does it take to solve this problem and how much does it cost?

Do not blind to the number of visitors, only the volume of transactions is meaningful. Do not use advertising mode easily. A product that a user is willing to pay is the key.

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