Open a shop to do a small business, 'five musts' and 'five nos' help you avoid detours on the road of entrepreneurship

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China Merchants Group: It is an option to open a store and start a business by yourself. With the increase of our social experience, many people will have this idea. For many people who are preparing to start a business, they always think that they will be successful from the beginning. Opening a store and doing business is not an easy task, but there are still many successful people. To summarize these successful experiences, what problems should we pay attention to when opening our own store? Let me share with you the five essential elements and five avoidance elements in the entrepreneurial process.

First, the five essentials in the entrepreneurial process.

  1. Start a business first and then make money. Since ancient times, successful bosses have rarely succeeded in entrepreneurship because they are determined to make a lot of money. Most of them have an ideal to realize or a special enthusiasm for a certain aspect, and they realize it through entrepreneurship. This kind of entrepreneurial motivation is more durable and can help entrepreneurs survive various difficulties.

Open a shop to do a small business, "five musts" and "five nos" help you avoid detours on the road of entrepreneurship

  1. Be good at capturing market information and social hotspots. Investment opportunities are often reflected through market information. If you can capture market information in advance and make full preparations before the opportunity matures, you can grasp investment opportunities well.

  2. Be good at anticipating people's specific needs. Do what you like about people's specific needs in a specific environment and at a specific time. It is not easy to do this. Decision makers need to make scientific predictions and analysis, have a keen eye and thinking, and at the same time have some research on the minds of consumers.

Open a shop to do a small business, "five musts" and "five nos" help you avoid detours on the road of entrepreneurship

4, to make good use of consumers' consumption habits. During certain periods of time, such as before and after the change of seasons and during holidays, consumers generally have a shopping habit, forming a strong consumption boom. This is the "golden season" of investment. Entrepreneurs should make full use of this opportunity, invest boldly, and make money from it.

  1. To win and lose. Unpredictable market conditions, ups and downs, fierce competition, require successful entrepreneurs to have good psychological quality and strong tolerance. To win, but also to lose. People who are happy and sad are the most likely to fail.

Second, the five avoidance points in the entrepreneurial process.

  1. Don't rush to grab popular business. The choice of industry not only determines whether you make money or not, but also determines whether you will be happy in the second half of your life. Sole proprietorship, you should choose the industry you are interested in and most suitable for your expertise. Don't follow suit, pick some of the most popular and lucrative industries at the moment, and jump into it without any evaluation. You must know that those industries are often saturated in the market, and even if there is still a little space, the profits are not as large as in the early days.

Open a shop to do a small business, "five musts" and "five nos" help you avoid detours on the road of entrepreneurship

  1. Don't borrow a lot. To start a business and be a boss, you should do it according to your own situation and not take too much loan. Too many loans are risky. The psychological pressure of starting a business is very high, which is extremely detrimental to the normal development of abilities.

  2. Don't be greedy at the beginning. Just like learning how to swim, a new owner must go to the shallow water to practice a few times, and then go to the big river and sea to enjoy the fun of fighting the wind and waves. When you are aiming at a certain project, it is best to intervene in moderation, to understand and understand the market with a relatively small investment, and when you think you are sure, invest a lot and give it a shot. Don't think that the investment is too small and the profit is meager. You must know that "the boat is small and it is easy to turn around". Even if there is a mistake, there is still a chance to recover.

4, do not believe in profiteering. The profit rate of investment, under certain social and economic conditions, is generally at a fluctuating but relatively stable level. Profits from investment projects can be high or low, but not outrageously high. Anyone who advocates huge profits must be deceived. Beware of being deceived.

  1. Don't give up any opportunity to make money. A successful boss is never indecisive when making investment decisions. When it's time to make a move, make a move, a year earlier than others is a year, and a day earlier is a day. Seize every opportunity to make money, even if it is a small opportunity.

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