I. Emphasize and evaluate your own financial capability
A business is composed of talents, products, and capital. Insufficient self-owned funds often lead to an excessive interest burden for entrepreneurs, making it hard to achieve success in their ventures. Therefore, young entrepreneurs should have the concept of "doing as much as one's strength allows" and avoid over-indebtedness. A business should "grow bigger" rather than "be big". "Growing bigger" means gradually expanding after making a profit, while "being big" involves straining to borrow money, resulting in only an empty shell without substance. Such businesses are bound to fail when encountering risks.
II. Select industries carefully