Entrepreneur - Why Do Beginners Fails

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Entrepreneurs-Why do beginners fails By-Anuj Gahoi

Transcript of Entrepreneur - Why Do Beginners Fails

Entrepreneurs-Why do beginners fails

By-Anuj Gahoi

Entrepreneurship is a way of life that offers unlimited possibilities to those who truly believe in it and live by it. But at the same time, entrepreneurship is a way of life that can totally alter the course of your life if misunderstood.

"Our dreams have to be bigger. Our ambitions

higher. Our commitment deeper. And our

efforts greater. This is my dream”.

Dhirubhai Ambani

Starting life as to become an Entrepreneur

1) When student completes his graduation and started dreaming about to become an entrepreneur

2) When he starts working on his dream first he thinks how to arrange money to start business and to achieve his dream.

3)Then his mind diverted to start earning money and he focus to his job what he can do for earning and start forgetting his dream.

Failed due to responsibility

Starting 2 year he works as a trainee and unable to save money for his future, After 2 years his age is around 24-25 and started saving little amount of money.

Then family starts pressurizing for marriage and he is not able to deny family and finally married.

Responsibilities grows with age. Then he feels like to have a house for his family so he need to take loan of around 30-40 lacs.

Now to complete loan his age become 35-40 years. now he forgets his dream almost.

If still he remember or thinks about his dream so his age not allow to work and unable to do that much hard work.

Here he fails.

Failed due to wrong decision

When he starts his dream to he do not decide everything like product , place in beginning.he do job for only learning .

For ex.- He started working in a steel industry just for earning money.and then at time of starting business, he thinks like I am not capable to start a steel plant then he starts looking for some other business ( i.e food processing etc.).

After some time when he starts his business ,he is not successful because he is not using his previous work experience and learning.

Here he fails.

Perfect strategy(According to me)

1) Decide your business profile

Benefits –

a. You will start working your future work in present,because you know clearly what you want to do.

b. You will concentrate in one place.

2) Now your business profile is decided,Go and meet some experts realted to your work and visit some inducries according to same profile

Benefits-

a.You will get the confidence for your profile that this profile suits you or not.

b.You will know everything how to start,where to start and many more queries.

Perfect strategy (contd..)

3) Now Start a job at same business profile

Benefits -

a. To Gaining knowledge

b. making customers relation

c. making a project report

4) Start doing a marketing job at same your business profie and same place you decided

Benefits-

a. making customer relationships

b. about marketing and consumption of market

Perfect strategy (contd..)

5) Start a trading business ( in your company brand name )

Benefit - start a own business without manufacturing unit

6) Start your manufacturing unit if your sell is good

Benefits-

a. by this time you will be 100% confident about your product.

b. You can apply for a loan easily without fear.

c. chances of failures will be very less.

The purpose of this presentation is not to scare you , but rather to alert you and help you retrace your steps back in the right direction before your entrepreneurial journey goes up in flames!

Keep up the spirit.

Thank You

 

   “ Entrepreneurship is living a few years of your life like most people won’t so you can spend the rest of your life like most people cant.”

- Warren G. Tracy’s student