How to be a entrepreneur? Things an entrepreneur should acquire to survive in global economy
In the following blog i am going to tell you of about things a entrepruener should acquire
ENTREPRNEUR
An entrepreneur is one who implement his plans innovatively,technically which lead one to success in affordable field
t is a dream of every entreprenuer to have a own company and to pass orders like a boss not being a employ of any startup or any other company he thinks rather than working in a company he thinks to own it
However it is not a easy dream yet it is possible
Being a solo(one man army) it may be a tough job building up a startup fully depends upon foundation it should be though and strong to withstand the force of global competion
Before geeting into the global war field this things will help you to survive
1 Assume a path
2 Management of economy source
3 Innovative leading
4 Team management
5 Time management
6 Network expansion
7 Proper usage of resource
8 Marketing and promotion
Assuming a path
One should be innovative and should refresh his market stratagies with time to time
Innovation always should be customer friendly and genuine
Innovative path always shows higher growth and often less competiton
It is also proven in the success of paypal biggest american payment giant when started with a revolutionary way introducing online payments for the first time giving pushup to payment market paypal made a huge name
It will be helpful to choose a new way of own market with better foundation
Management of economy sources
Economy sources will raise lifting off startup’s from ground economy distribution and management plays lead role in funding of startup’s
Funding is of various ways
The very previous ways of funding is taking loan from lenders and from banks which is a tough and risky process too
Out there in online there was various platforms for funding now a days the most known ways of funding is from the following
Crowd funding
Selling up of shares
Equility funding
Trading online
Crowd funding :
Crowd funding getting funded by group of investors from various platforms with low margin of interest
Selling up of shares:
Dividing up of shares of a emerging startup provide revenue to take it forward
Equility funding:
Allowing market platform to get into market trading which is often belived very risky
Equility investors think of making high returns in less time but at the same time it is subjected to market trading A/c to market investors it is a tough rock to crack it
trading online:
It is also similar to market trading and depends upon market terms
Innovative leading
Leading a start up with innovation always ensure fast horizontal growth rather than vertical with customer satisfaction
Having your startup in market for longer timewill provide better funding and also provide support from bussiness incubators and from market giants it is possible with good service and customer reviews
Team and time managementTeam and time are the same intersecting paths a better team with good managment always gives positive results team members are often with same goal and nature of thinking will be a great power to a entreprenuer running a start up
When it come to time it is fully depended upon resources one have
However time managment depend upon divison of work load among team members which should be taken under supervison of team head team and time management also play passive role in company development one should leave his goal or dream in middle and should gain self confidence to perform activity at full perfomance
Network expansion
Expansion of bussiness depends upon resources the company acquire expansion of a a startup have both advantage and disadvantages
When it come to advantages it directly increases revenue and also come to people to provide better services expansion also provide more stability in market
On the other side of coin expansion directly increases administrative burden and consume more resources from economy often
Proper usage of resource
Marketing or promoting is telling of our services in various ways of availability
Promotion of a brand now a days was as flexible as shopping tech giants google,yahoo and other most a make their revenue by adds monetization one can simply publish their brands here to promote their services and market
Promotion was simple thing in a little it does not require of more money
Suggestion:for funding i advise to depend upon crypto currency(bitcoin) recently unicef started crypto mining plant to raise funds for charaties one can earn bitcoins either by mining or exchange
For more info read ‘zero to one’ also available in amazon and ebay
Thanks for reading
Blog writer
Expert in market prediction