Why did you fail to start your business?

Anxious to get rich, tired into a dog every day, there is no time to innovate, and there is no time to relax, when the anxiety is excessive because of entrepreneurship, entrepreneurship is no longer entrepreneurship, every day I feel that going to work is the same as going to the execution ground, so I give up in all kinds of suffering.

It was because I didn't want to send someone under the fence and didn't want to go to work, so I chose to start a business when I broke up, but I was too impulsive and easy to fail.

I opened a breakfast shop, I couldn't get up, I couldn't get up in the morning, and then I failed.

Entrepreneurship four times, success once, jewelry packaging industry for seven years, not the first in the country, count the forefront, recently think about the essence of business, feel that business is the process of finding truth, goodness and beauty, your products or services can bring customers a sense of truth, goodness and beauty, that is, to bring happiness to customers, then you will be recognized by customers, not far from success, and send you a word, to a heart, nothing to do.

The first is the origin, or pattern. My parents are in a small business in the township, I have not been in contact with any big bosses, and there are no specific ideas and goals for starting a business, which leads me to start a business without foresight, and I take one step at a time. No one was given the right guidance.

And his brain is slow and short-sighted. Nor will it accumulate contacts. Partnerships, no matter how good the private relationship is, can break up.

As for how other people's partnerships are successful, I don't know yet, because I'm a loser. On the contrary, it summed up two secrets of entrepreneurial success, persistence. Behind the insistence may be that you and your newlywed wife finish eating the noon somen noodles and don't know how to go to ** to get money to buy rice at night.

Then try to let others use you, if you don't have value for others, it's really worthless.

One of the most common mistakes ambitious entrepreneurs make is setting unrealistic goals. One of the reasons for this mistake is not doing what you are good at, but locking in the best opportunities. Entrepreneurs should understand where their resources are distributed, who they need to find after the project is launched, and what resources they need to use.

Instead of hearsay, blind spots into a blue ocean or even a red ocean. The second reason is a lack of focus. Smart people will always want to try a lot of new ideas, but a startup with limited resources can't afford to try all the new ideas.

It is a good practice to position the needs of consumers, provide a market service, lock in a user group, innovate a compelling function, and solve a real consumer need.

The initial investment is too large, and there is no follow-up capital to keep up, so some of them fail.

I think it must be analyzed one by one, there are many reasons for all things, but they are nothing more than the big goal that cannot be adhered to, not innovative enough, and there are some uncertainties.

I've done a lot of business, some have succeeded and some have failed, but give me another chance, I think those who fail will also fail, and some of them are because of luck. There are also some projects that are losing money when they die, and we blindly invest without properly calculating the accounts. Those who are successful, in fact, we can do better, but because of short-sightedness, we want to see the good and accept it, in fact, there is still long-term development potential.

Although the failures are irretrievable, there are many lessons learned from them, which are applicable to various industries, which also provides us with more ideas for future entrepreneurship and avoids unnecessary losses. Of course, I can't guarantee that I will succeed in the next step, but I will definitely think about more aspects, analyze the pros and cons and start a business cautiously, and I will never be so blind again!

In the face of a fully competitive and extremely complex market, and in the face of an increasingly unpredictable consumer psychology, start-ups will face huge challenges as soon as their products are launched. If there are too many defective products, or the defective rate is too high, it is easy to lead to unsalable products and hoarding, which makes it difficult for start-ups to bear; If the life cycle of the product is too short, the product will soon encounter the risk of being eliminated, and once the company's response is not timely or the operation is weak, the company will quickly fall into trouble; If your product or service doesn't address the specific needs of consumers, it won't win the hearts and minds of investors, no matter how amazing your technology or innovation is.

Starting a business is a painstaking process, and there is basically no life. That's right, ten deaths. You have to think about how to support yourself first, instead of selling your house and relying on family relief, you have to use the thinking of doing business to do business, and sometimes you even have to violate morality and your conscience, destroy the three views, and break through your bottom line, do you do it or not?

What is the most lacking thing for entrepreneurs? The answer given by a significant number of people would be, money. Mobilize the demand for money, and need more money to survive.

In Jack Ma's words, the two main reasons for entrepreneurs to fail are that they have no beginning and no persistence. If the entrepreneur does not have sufficient liquidity to maintain operation for more than half a year at the time of starting a business, it is best not to start a business easily.

More than 90% of startups fail for this reason.

We've seen a lot of entrepreneurs who fail because they can't reflect on their actions, and they feel like they're doing the right thing, and it's weird that they can't sell it, and they don't know why.

Failure to do a good job in risk assessment and market research in advance, failure to do a good job in the research of the entire project, failure to do a good job in the response plan and strategy when the risk occurs, and inaccurate assessment of self-ability and value. Lack of leadership skills and practical experience. Lack of centripetal force for the entire project.

Instead of using the money where it should be used, blindly pursuing the feeling of a leader and the establishment of a leadership atmosphere, ignoring the research and development of the project itself and the cultivation of personal qualities. This is my own summary, and I feel that the company I was for was such a failure.

At a good time, at a bad time, in a bad market, in the wrong investment.

After graduating from Sanben University, he worked part-time for 10 years after graduation and his salary exceeded 10,000, because he disagreed with the boss and came out to create his own, and after three years, the company's business has been losing money, and it is a huge loss, and it is really unbearable, so he had to sell the company. After selling it, see that you have made a net profit of 100 million.

If you want to start a business, you need to consider at least the following aspects:

1. Consider suitable entrepreneurial projects. For example, whether you want to work in the catering industry, clothing industry, Internet industry, education industry or other industries; whether to start a business in the form of franchise or operate independently; Whether it is a business ** or a physical store. At the same time, it is also necessary to consider whether the entrepreneurial project you choose has development prospects and whether it can be profitable.

2. Consider whether you have qualifications. For example, if you want to work in the restaurant industry, do you have the experience and knowledge you need to know?

3. Consider the issue of entrepreneurial capital. Any business is inseparable from start-up capital, and whether you have prepared sufficient funds. In addition, any business has the possibility of failure, and are you prepared for the possibility of losing money?

If you are starting a business and do not have enough working capital, then you can try to apply for a loan. Now there are many credit platforms that help small and micro enterprises to turn over funds, remember to choose a formal platform, such as Du Xiaoman Finance, with a high limit and low interest rate, it is understood that among the credit users of Du Xiaoman Finance, seventy percent are small and micro business owners, and big brands are more at ease. For small and micro enterprise families, on May 21, 2021, Du Xiaoman Finance launched a small and micro activity with the theme of "Home and Wanye Xing", providing 100,000 "Daily Interest + Million Insurance" gift packages.

This is provided by Kangbo Finance, which focuses on the interpretation of financial hot events, the popularization of financial knowledge, adheres to professionalism, pursues fun, makes financial content that people can understand, and conveys financial value in a vivid and diverse way. Hope this helps.

We've seen a lot of entrepreneurs who fail because they can't reflect on their actions, and they feel like they're doing the right thing, and it's weird that they can't sell it, and they don't know why.