Are You Ready For These Things?

Even in

"Entrepreneurship is a lifelong business" is becoming more and more widely recognized by many entrepreneurs.

Two entrepreneurs and even N entrepreneurs have many people. This is not only a reflection of the personal experience of entrepreneurs, but also a pformation path for enterprises and even the whole society to go beyond the past.

But behind the business is not only passion, breakthroughs and pcendence, but more difficult for entrepreneurs to create. So how can entrepreneurs achieve sustainable development after they choose the way to start business?

Entrepreneurship

First, describe the company's business in one sentence.

The problem is the simplest and the most complicated. Every entrepreneur can say one or more answers without thinking. But if you take out your business card and think it over, then ask yourself, can you really describe your company's business clearly? You know, entrepreneurs only aim at a key issue that gives customers a real pain, and then use a product or service that customers can take heart to convince customers or angel investors.

They are most willing to buy a simple product with clear positioning, and more often than not, they have no time to listen to so many words.

Second things, do you have enough strong heart?

Initial investment is only a small sum of money, but then the situation is that entrepreneurs will increasingly raise funds for their companies. Most entrepreneurs are in a state of financial shortage or even insolvency after a year of entrepreneurship, and investors at this time are unwilling to inject further funds into the company again.

If entrepreneurs are still unable to make profits after years of painstaking efforts, investors, angel investors and venture capitalists will be suspicious of the projects they invest.

At this time, the only way for entrepreneurs is to put all their savings into the company. What kind of mood do you think it will be?

The result of persistence is not always a win, but giving up is sure to lose.

Let's take an example of an entrepreneur who graduated from Harvard Business School. He hasn't made profits after many years of entrepreneurship, but miraculously he got a $500 thousand injection from a venture capitalist earlier this year.

One of the main reasons is that he failed to win many years of entrepreneurship and still believed that his project would win the future.

Last but not least, according to PWC's data, the number of venture capital pactions has been showing a steady downward trend since 2007, and the current trading volume is hovering on the level never seen since the middle of last century in 90s.

In the second quarter of this year, venture capital decreased by more than 50% compared with the same period last year.

And the scale of venture capital in mainland China has also been decreasing.