Advice and Suggestions for Novice Entrepreneurs Notes on Doing 10-Year Entrepreneurship Projects

After sharing the advice and suggestions for novice entrepreneurs with friends a few days ago, we all agree with these precautions for novice entrepreneurs about doing 10-year entrepreneurial projects, so I share them with you.

Good entrepreneurial projects rely on screening

How to Find a Good Business Opportunity?How to Spot and Identify Entrepreneurial Opportunities?

• Almost 20-30% of our projects will be successful.For ordinary entrepreneurs, there may not be so much money or resources to screen good entrepreneurial projects.
• But for those who have accumulated, better projects can be obtained through screening.
• Most entrepreneurs stick to what they can only do.Top entrepreneurs are actually constantly optimizing their industries and choosing the best projects.
• The best projects don't rely on analysis either.For example, if you invest 30 yuan in a project, you have the opportunity to earn 300 million yuan a year, even if the success rate is only 10%.
• Over the past year, we screened 10 projects and found a good one.But in the past 2 years, a friend tested more than 40 good projects, and 5 of them were really very successful, but these made super money.

The boss's time should focus on core resources

• The boss's time should be used to seize core resources, and the rest can be subtracted.
• Since choosing an entrepreneurial project is the most important thing, where do good projects come from?
• A good project must be accompanied by excellent resources.
• If your project has no core resources, the profit margin must be low, so the boss has to spend time accumulating excellent resources.
• With resources as leverage, talent and capital will flow in.

IP personal branding is more efficient

• When you get an IP personal brand in an industry, you get traffic and conversions.
• If there is no IP personal brand, doWeb PromotionIt's all very hard.
• In the future, if your industry has an IP personal brand, it will be difficult for companies without an IP personal brand to do business.
• Because users will recognize those excellent IP personal brands and do business with them, but if you don’t have an IP personal brand, you will be easily marginalized.
• In this era, IP personal branding can not only improve conversion, but also get a lot of traffic on various platforms.

Do entrepreneurial projects that can pay back in the short term and last for at least 10 years

Notes on doing 10-year entrepreneurial projects:

• Doing something with high cash realization can last for 10 years.
• Small entrepreneurs like us can’t do a project, and we can’t make money in two or three years, because our capital is very limited and we can’t get any considerable investment, so the projects we want to do must be cash flow back in the short term this item.
• At the same time, you need to work hard to accumulate, so you need to be able to do it for more than 10 years, that is,The needs of this entrepreneurial project can exist for at least 10 years.