innovation

No matter what industry you are in, if you are a first time entrepreneur, there will always be some difficult things in front of you

These are nine pieces of advice in the form of email. It tells young entrepreneurs, "If you want to start a business, you must overcome these nine pitfalls."

Buffett once said, "My success does not come from my high IQ, but I think the most important thing is rationality. I always compare IQ and talent to the power of an engine, but the output power, that is, the efficiency of work, depends on rationality."

Validating product requirements trumps product features more than anything else

We know that 90% of startups will die in the first three years of entrepreneurship. Entrepreneurs need to keep an eye on their competitors' trends, keep abreast of news and social media content, and quickly obtain all kinds of important data to ensure that they stay in the poor "10%". In order to help entrepreneurs defeat their competitors, the author here introduces some useful methods to help you understand the industry in depth and "monitor" the trend of the entrepreneurial world in a timely manner.

In order for a project to be "guaranteed", it is important for investors to fully investigate the riskiness of the project

If you can combine your interests with your entrepreneurial goals, you will be very lucky to have a happy business and a happy life.

How do you start a business from scratch?

As we all know in the entrepreneurial circle, the most difficult is the creation of "from zero to one", and the most difficult stage may be the first year from zero. I believe it goes without saying that you may also have observed that many newly opened restaurants have collapsed in a year or two, and many mobile apps have stopped serving soon. According to data from Bloomberg News Agency, 8/10 of innovative enterprises failed in the first 18 months of entrepreneurship, which can be said to be the peak of failure. What kind of cycle will there be in the initial stage of entrepreneurship, and how to deal with it?

Entrepreneurship is the process by which entrepreneurs and their entrepreneurial partners optimise and integrate the resources they have or can have through their efforts to create greater economic or social value.