Five Major Issues To Be Noted In On-The-Job Entrepreneurship

Entrepreneurship is not as easy as it may be. Part-time entrepreneurship is sometimes more complicated than independent entrepreneurship.

In addition to hardware such as start-up funds, because of working for a long time, the way of thinking is often limited to the level of previous work, and it is difficult to switch over in a short time, resulting in the failure of many people to start their own businesses for the first time.

Moreover, not all people are suitable to start a business. When they are bosses, they have more difficulties in starting their own businesses.

First of all, a person's time and energy are limited. He must take into account both his job and the management of entrepreneurial projects.

As a beginner, we often encounter the following problems:

Project selection sloppy

The first problem of entrepreneurship is the choice of projects.

Many people are accustomed to starting from their own preferences, often subjectively believe that their favorite products, consumers will also like, lack of accurate investigation and rational analysis of the early market.

In addition, it is too optimistic about the development prospect of the project, and is expected to have a high level of sales and profit margins, but it is not enough to estimate its own operational capability, subsequent investment and investment risks.

Unreasonable arrangement of funds

The existing allocation of funds is not reasonable enough, and there is a lack of overall planning for the use of funds.

When the fund is used, it basically does not consider the entirety and whether there is a situation beyond the safety ratio. The subsequent capital supply chain is not sufficiently considered, and the development of the business lacks the follow-up support of funds.

Due to the reasons for fund allocation, many new bosses often suffer from serious financial pressure, and the funds are running poorly, and they soon get into trouble.

Cost accounting is not in place.

Because of the lack of experience in the first venture, many new owners tend to oversimplify the cost accounting.

First, there is a deviation in understanding the concept of "cost", that is, the cost is the rent of a company, the wages of employees and the cost of goods purchased. The two is that many hidden costs may not yet be counted, such as depreciation and maintenance of fixed assets such as computers, and the time and energy consumed by them as leaders, which leads to the fact that the actual profit situation is far from expected, and the input-output of the promotion plan is unreasonable.

Simple management mode

Management is not only internal operation management, but also involves customer management, staff management and motivation.

Because of lack of experience, many new bosses are easy to start from their habitual thinking and do things according to their own temperament, so it is no wonder that there are often internal staff disassembly and customer defection.

These factors have led to many senior workers directly jump out of the boss, the result of "come and go, lose your back", "lose your wife and fold!"

Therefore, for these entrepreneurs, blind venture capital not only adds to the economic burden, but also the loss of self-confidence and courage.

Emergency management

When you open doors and do business, you will have to deal with the three religions. Even if they are not right and wrong, you have to take care of them at least.

This is not like working in a company. There are always departments responsible for dealing with accidents, even if the adverse consequences are also borne by the company.

And their own business is all their own, once an accident occurs, it may lead to business pause and closure.

Many new boss roles have not yet been converted, and usually can only be done at a loss, often due to slow reflection.