Source: People's Daily Online
Summary: Rule 1 To successfully start a business, you need to have a certain degree of obsession. Rule 2 Starting a business and pursuing growth is the loneliest job in the world, so you must be willing.
First Thing Do you have the traits of an entrepreneur?
Rule #1 To successfully start a business, you need to have a certain degree of obsession.
Rule #2 Starting a business and pursuing growth is the loneliest job in the world, so you must be willing.
Rule #3 Entrepreneurs are all optimistic. They consistently seek opportunities in failure.
Rule #4 When difficulties arise, entrepreneurs must be "ruthless".
Second Thing The Key Issue - The Right Idea at the Right Time
Rule #5 Don't ignore reliable, profitable opportunities in markets with little charm because you're welcoming more exciting and challenging things.
Rule #6 Don't waste time developing ideas that are completely useless to you.
Rule #7 According to common sense, most overnight success stories take 20 years of effort.
Third Thing Market and Competition Rules
#8 Never try to make the market conform to your business plan.
Rule #9 In a gold rush, the guy selling shovels usually makes the most money.
Rule #10 Every business starts with a great idea, but not every idea can succeed.
Fourth Thing People
Rule #11 The difference between success and failure often lies in whether secondary activities can be delegated to others.
Rule #12 Never confuse a partnership with a friendship.
Rule #13 Never go into business with someone you wouldn't want to associate with.
Rule #14 Never find a partner who has exactly the same traits as yourself.
Rule #15 Having experience at a large company doesn't necessarily make you a successful entrepreneur.
Rule #16 Learn to carefully guard against hidden intentions of business partners.
Fifth Thing I Want Money!
Rule #17 If you don't have passion for your product or service, don't start a business.
Rule #18 Don't reject an investor just because they seem to fall short of expectations.
Rule #19 It's hard to increase your stakes when you only have one investor.
Rule #20 When a potential investor rejects you, ask for the reason clearly, and you will benefit greatly from it.
Sixth Thing Legal Matters in Business
Rule #21 Once it goes to court, both sides will surely lose.
Rule #22 Most of the time, written contracts and people's actual actions are two different things.
Rule #23 Make sure to fully understand the content of any document before signing it.
Rule #24 Sooner or later, you'll find that keeping complete company records can save you financially. Never neglect this point.
Seventh Thing Exit - Move Forward
Rule #25 You must never lose objectivity, after all, it's just a business you've created, that's all.
Rule #26 Ensure that the rewards of entrepreneurship are commensurate with the risks taken.
Rule #27 Never let unpreparedness cause you to miss an opportunity. You must seize the moment because no one knows what tomorrow will bring.