The basic elements of entrepreneurship:

One, the goal is clear

Many young entrepreneurs may have 10 good business ideas, but entrepreneurs should focus on only one of them. Entrepreneurs do not like Jack, Kerouac (JackKerouac, the United States "Beat Generation" representative of the style of work as random, and do not easily shift attention from one goal to another.

Two, project selection

1, choose individuals interested in or good at or engaged in fewer people's projects;

2, choose the market consumption is more frequent or the frequency of purchase of the project;

3, choose to invest in the lower cost of the project;

4, choose to risk less of the project;

5, choose to customer awareness Higher project;

6, you can first choose to start a network business (free store) and then enter the entity business project.

7, choose the livelihood industry to start a business, such as cotton popping business;

8, choose the education industry to start a business, such as coding teaching;

9, choose to join the project, such as 3A environmental paint this kind of environmentally friendly paint project;

10, choose the emerging blue ocean project, such as like the mobile Internet, games, cultural creativity, environmental protection field project;

11, choose projects that can start a business at home;

12 , choose business opportunities, business opportunities that do not appear in the market, or business that is not substantially covered within your life.

Three, location

Location is not only important for real estate only. If an entrepreneur wants their target customers to quickly learn about the company's existence, then the location of the company should be chosen in an area that is relevant to their customer base. If the entrepreneur runs an outdoor products company, then locating the company in Tennessee is a natural fit.

If the entrepreneur wants to be able to compete with the big players in the industry, then locate the company in one of the smaller towns that these big players don't yet have time for.

Four: Numbers

If the entrepreneur is preparing to spend weeks writing a business plan, then this is really not necessary. A business plan should be more of a data-detailed table than a manuscript made up of words.

Calculating relevant business data is far more important than stating how social media will be utilized, and all such things change over time. So the focus should be on the data.

Extended information:

Based on the findings of experts and scholars in the field of entrepreneurial management research, the entrepreneurial management paradigm can be summarized as follows: assuming the dynamics and uncertainty of the environment as well as the complexity and heterogeneity of the environmental elements, and using the discovery and identification of

Taking innovation, forward action, risk-taking and teamwork as the main features, taking the activity of creating new business as the research object, studying the success of different levels of business as the main content, and using psychology, economics, management and sociology as the tools to study the inner law of entrepreneurial activities, the doctrine system.

The core issues of entrepreneurship management are opportunity orientation, dynamics, etc.; the so-called opportunity orientation means that entrepreneurship is the behavior of identifying opportunities, utilizing opportunities, developing opportunities and generating economic results without being limited to the resources it possesses, or turning good ideas into reality quickly.

And the dynamic nature of entrepreneurship, on the one hand, that is, entrepreneurship is continuous, entrepreneurial behavior will continue with the growth of the enterprise and be strengthened; on the other hand, that is, the opportunity to find and use is a dynamic process.

Entrepreneurial management is a combination of systems, not one factor works to lead to business success. The systems that determine sustained entrepreneurial success necessarily include creative energy, risk-taking spirit, execution ability, and teamwork. Opportunities, environments, resources, and teams are capitalized on through such systems.

The fundamental feature of entrepreneurial management lies in innovation, which is not necessarily invention, but more a recombination of existing technologies and factors; entrepreneurship is not unlimited risk-taking, but rational control of risks;

Entrepreneurial management without a set of effective cost control measures and a strong implementation program can only lead to a lack of competitiveness; entrepreneurial management emphasizes more on the team in the Entrepreneurship of different levels of employees, rather than a solo type of entrepreneurship.

Baidu Encyclopedia - Entrepreneurship