Reasons for starting entrepreneurs failures

In this article we offer you to get acquainted with the opinion of the American businessman, supporting start-ups. Hopefully, his thoughts on the causes of failures of business ideas to help you find the proper motivation to start a business.

Many of us would like to have your business. Favorite thing, independence, creative freedom and financial well-being - that this idealistic picture prevails in the minds of most business start-ups. The realities of fast break like a dream.

And it's not just government financial regulators and bureaucracy. Most causes of unsuccessful start is in the head, which does not allow closure of arms act. In this article we offer you to get acquainted with the opinion of the American businessman, supporting start-ups. Hopefully, his thoughts on the causes of failures of business ideas to help you find the proper motivation to start a business.

rahul Varshneya

Co-founder of several technology start-ups in the field of fine arts, e-learning and mobile services. Included in the advisory board of three mobile companies. Teaches budding entrepreneurs identify the necessary market products, their positioning and marketing. Member YEC - an organization dedicated to providing resources to young businessmen.

instagram viewer

According to Raul, hundreds and thousands of aspiring entrepreneurs who are confident that they have a winning idea, ultimately can not realize it. Starting the business requires much more than just an idea. And these are the reasons that stop the business from the start of operations.

Anxiety about the idea

Many aspiring entrepreneurs can not start their work only because they are obsessed with finding the right idea. In fact, you do not need "ideas" to start.

All you need to identify the problem and solve it better than most existing entrepreneurs.

Once you have found the right direction, but still hesitate, just do it. Build a prototype of the product and show it to potential customers. No countless market research will not help you if you have on hand will be a demo version of the product. Buyers should try it. From them will come the first important feedback on the basis of which is to build a strategy for future action.

Anxiety about the start-up capital

Go beyond the usual idea that you need to start seriously to invest. In fact it is not.

Many examples, including the personal experience of Rahul Varshneya, suggest that successful startups cost zero injections.

If you still can not do without a certain amount of money, try to save or borrow from friends. Good concepts quickly financed through investment funds and kraudfandingovye services.

procrastination

Never put off till tomorrow what you can do today. Most often, you will see the realization of your best ideas by someone else, just because the plan hatched too long.

Against all odds, take the first step, then it will be much easier.

For example, take on arms typically 2 minutes. If you do not start to act now, tomorrow someone a quick stumble on your idea and sells it in the market. Believe me, no idea is not unique, as it is not implemented.

fear of failure

If you are going to start, get ready for the first failure. But small lesions provide invaluable experience.

In previous failures, you will find the recipe for success of the next venture.

Here are striking examples, ponder them. PayPal - the fifth attempt Max Levchin business. Even more illustrative case. Only 52 attempts in the form of the world-famous game Angry Birds by Rovio did whale gaming industry.

It is impossible to learn to ride a bicycle, just reading. You must ugly twist pedal, jump on one leg to the frame between the legs, to fall a couple of times, but then you sit down and go. A ride on a bumpy road in bad weather, in the future you will be able to overcome any off-road.

mistaken goals

If you want to cut down a lot of money, you are wrong. Your business is doomed before it starts to grow. Of course, you will be able to improve their financial state, but only in the short term.

Need commitment and conviction. Set yourself a goal of inspiring.

Goals that are not making money and the winding number of customers.

Set goals that create value and real benefits for your customers. These goals bring to the job the desire to stand out from the competition and positive, which fill you with excitement and positive energy. Customers will feel your mood and open their wallets. Money will come to you.