Ten Reasons For Failure In Entrepreneurship

Has it been doomed from the beginning?

1. No risk taking ability.

If all you need is safety and security, go on with your work and stop thinking about starting a company.

2, mixing interest and expertise.

If you just like driving or reading, it doesn't mean that you have to open a car repair shop or bookstore. Interest is just the first step for you to start a company.

If you want to succeed, there are still many things you need to do. You have to master all the procedures for starting a company.

3. He is not good at dealing with chaotic scenes.

At the beginning of each company, they were all in a mess. There are many accidents happening every day. You are not sure about anything. Things are not always as predictable as people expected. To cope with the constant changes, people need strong abilities.

4, lack of funds

Generally speaking, every company should prepare a fund that can last half a year in the bank. It is far from enough to rely on enthusiasm and sympathy. The shortage of funds can easily drive you to a dead end.

5, just tired of your present job.

The boredom of current work is often an important driving force for people to start a company, but that is a wrong reason. Enthusiasm can at best serve as a lubricant for the car you run.

6, think that you have a brand new idea.

This is probably a dangerous idea.

It is not impossible to invent a unique product or service, but in most cases, you should know that you are only improving the existing product or service.

7, your family is putting pressure on you.

There are many family business owners who urge their next generation to start their own businesses, but family pressure is a wrong driving force.

Unless you really want to do it and are willing to devote yourself to it, you don't need to pay attention to the pressure from outside, you know, the real motivation comes from the bottom of your heart.

8, feel funny

Fun is definitely not a reason to start a new company. Indeed, there are some things in the business process that are fun, but at the beginning of their founding, fatigue, stress and fear are far greater than fun.

9, just unwilling to obey orders.

You don't have to report directly to your superiors, but you have to report to many other people, such as distributors, suppliers and investors, which is not your boss's boss: customers.

10, I just want to earn a lot of money.

It is not that money is not important, but that it is wrong to make money.

Successful entrepreneurs will tell you that money is only a reward for your particular product or service.

Loving your product or service and adapting to market demand should be your most important motivation.