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What are the conditions required for an individual to start a business?

Entrepreneurial conditions:

1, adequate resources: including human and financial resources. Entrepreneurs should have sufficient experience, education, liquidity, time, spirit and perseverance.

2, viable concepts: business concepts are not afraid of the old, the most important feasible, have longevity, can continue to develop, expand.

3, appropriate basic skills: not the general skills in the industry, but the usual business management skills.

4. Knowledge about the industry: not just reveling in one's own ideals.

5, talent: entrepreneurs do not necessarily have to have a high IQ, but should be able to grasp the timing to make clear decisions.

6, network and relationship: entrepreneurs need help and support, expanding the network of friends and good relationships will bring a lot of convenience.

7. Defined goals.

Expanded

1, the company should have a more mature idea of running a business.

2, should have money: no matter what kind of business the company operates, it needs financial support to be able to run smoothly.

3, should be recruited: entrepreneurs should be recruited to assist in the completion of the work beyond their reach.

Reference:

Baidu Encyclopedia: Conditions for Starting a Business