Work instead of being a boss

Chapter 1 Creating Your Own Business (1)
Maybe you have struggled for many years, maybe you have no plans to display your ambitions, since "I am born to be useful", since you already have the superhuman ability and strong desire to create great things. "Everything is ready, only the east wind is needed", maybe what you lack at present is an entrepreneurial spirit of "going out boldly".What are you afraid of?When it's time to make a move, make a move, boldly shake off your arms, and start a business from your feet!
how to start your own business

There are many ways to create your own business, and over time, new forms have emerged.Understanding different entrepreneurial approaches is directly and critically important to the ultimate entrepreneurial outcome.On the one hand, you can sort out the idea of ​​starting a business and know how many ways to realize your dreams; on the other hand, you can choose the most suitable way to start a business according to your actual situation.

A good start is half the battle, and the choice of entrepreneurial method is the beginning of realizing the dream of starting a business.

[-].Start a new business from scratch

Perhaps the best way to realize your entrepreneurial dreams is to start from scratch, which is the method most entrepreneurs use.Although it is relatively complicated to start everything from scratch, there is a fundamental benefit-new, a blank sheet of paper, allowing you to draw a beautiful blueprint.

Obviously, entrepreneurship is divided into two distinct phases, the founding phase and the operating phase.

First of all, we have to build our own business according to our own entrepreneurial ideas.For example, to open a store, you must determine the store location, decorate, purchase goods, and make preparations for opening.To open a factory, it is necessary to determine the factory building, purchase machinery and equipment, recruit workers, purchase raw materials, and conduct trial production.

After setting up the booth, we entered the business stage of the business.To open a store, you must find a way to manage the store well; to open a factory, you must produce high-quality products, and the most important thing is to have sales channels.This is the most common form of entrepreneurship.

[-].buy an existing business

Buying an existing business means acquiring a ready-made business in many forms. The business may be in operation or may be out of business; it may be profitable or it may be losing money year after year.Either way, we can get a ready-made enterprise.

The advantages are very obvious, which can save a lot of time and energy, and directly enter the operation stage.Often, the prices are relatively low (compared to starting a new business).The disadvantage is that you may buy an empty shell and a bunch of low-quality assets, and it will take a lot of effort to formally operate it.For example, a garment factory may only have buildings, equipment, and some obsolete products and raw materials; all the good staff have left, and only some not-so-good employees are left.

When buying an existing business, we must understand what exactly we want?Is it high-quality and cheap enterprise hardware (factory and equipment), or is it a business that can be operated; is it for immediate operation, or the potential value of existing assets (the address or trademark of the enterprise)...

At the same time, we must also understand what is possible to get?
Before deciding to buy, we should carefully consider four questions:

Reasons Original Entrepreneurs Sell Businesses
Generally, the original owner will provide an answer, such as: "I want to retire"; "I want to go abroad"; "I want to change careers" and so on.These statements may all be true, but few business owners can honestly tell you, "I just can't do it."

In any case, we must understand the real reason for the sale of the business, especially a business that looks perfect on the surface.The best way is to have a deep understanding, to ask the original entrepreneurs, customers, existing customers, especially the senior employees of the company.

What is the current actual operating condition of the enterprise?

The current actual operating status of the business is very important. Taking over a business that is running can save a lot of trouble, at least we don't have to do a big cleaning.

Various assets of the enterprise

In addition to caring about the physical assets of the company, the intangible and potential assets of the company are also very important, especially the core elements of business operations, such as capable staff.

What are the main problems faced by the business

Any business is faced with various problems, even successful ones are no exception.Before taking over, we must understand the main issues of business operations.

Also important is the price we pay.

Buying a business is definitely a big deal and we have to approach it carefully.In addition to correctly assessing the value of the enterprise, effective negotiation is also very important.There are three key points of negotiation:

transaction content

"Buying a business" is a meaningless vague concept because a business is a broad concept.In addition to plant and equipment, it also includes:
The intangible assets of the enterprise (trademark, goodwill, etc.), the direct performance is whether the original owner asks you to change the name of the enterprise.

Whether the staff member continues to serve.Find ways to retain capable employees; whether ordinary employees will continue to be employed; various social insurance, welfare and other issues to be resolved.

Be on the lookout for whether the original owners will be re-running the same business.Many businesses are also directly related to a specific entrepreneur, who can easily start a new one and easily beat us.

Of course, there are many other contents, such as the original claims and debts, and the lawsuits involved.Therefore, we must clarify the content of the transaction, that is, what we are buying.

transaction price

Obviously, this kind of transaction is very complicated, so the determination of the transaction price becomes very complicated.Although buying is not as good as selling, it usually takes the initiative.At any point we can decide not to buy and choose to start our own business from scratch.

payment method

The method of payment is also very important, because after taking over, we have to invest a sum of cash to operate our business according to our own ideas.

The best case scenario is that you take over a business and pay for it with future earnings.If we are familiar enough with the original owner and he believes in our ability, it is not very difficult to negotiate this kind of result.The most common example is that we are important employees of the original owner, and he just doesn't want to do it anymore.In this way, we can step into the ranks of entrepreneurs and save at least three years of struggle.

How to set yourself on the road to success

[-].To design your own entrepreneurial career
If you are just a college graduate and entering the society for the first time, you should establish a concept: "graduation" is the beginning of "employment".No matter what kind of scenery and deeds you have had in school, once you work in the society, you have to start everything from scratch.In addition to cultivating professional abilities, you should also learn to plan your own career, so that your future life will be particularly meaningful.You should probably set yourself a resolution like this:

I have to start all over;
I still have a lot to learn;
I must know how to plan my career.

In fact, at each stage of your life, you should have a different plan.After you have a goal, you should make a feasible plan according to your own ability.

Around you, many people must have planned a lot of directions for their careers, but they often stop at the point and do not ask themselves to practice further.So, they didn't get as much success as they should have.And you should not repeat the same mistakes again, so before planning, you should carefully and seriously ask yourself: "What should I do to achieve these goals?"

[-].figure out what i want

Think with peace of mind, and you can help yourself understand what to do.And if your emotions are irritable and dazed, then you will only lead yourself into a darker abyss.You have to tell yourself, constantly reflect on yourself, "Where do I want to go? What do I want?"

Ask yourself what I want to do, not what other people want me to do.

To reflect on oneself in the tone of rhetorical questioning and pursuit is to create a kind of fluctuation and thrust, and then form a "conflict" in the inner world.Professional psychologists Janis and Mann once proposed the so-called "conflict mode". They believed that the occurrence of decision-making behavior originated from the individual's dissatisfaction with the situation, or the discovery that something should be changed. The resulting psychological pressure and The various strategies for responding to this will affect how well we handle things.

Basically, inner conflict drives self-improvement.At first, you feel a little uneasy, but when the conflicts increase and deepen, you will be shocked and unstable.At this point, you should tell yourself:
Wisdom comes only when there is pain.

Time always passes.As long as you continue and encourage yourself: "I can do it." In this way, you will quickly find what you want.

When you are stripped out of the cocoon, you will know what you want.At the same time, your self-confidence will also increase.You are exuding the light and heat in your heart, you have recognized your direction, and you have a completely different understanding of yourself before and now.Slowly, you become more and more aware of appreciating others and discovering your own strengths and weaknesses, because you know that to be successful, you must respect yourself, and in this way, you will also respect the self of others.

Be pragmatic and stoic
Fear of pain and illusion are two of the most tenacious manifestations of human vices.On the one hand, they complain about their fate, but on the other hand, they are afraid of pain and are unwilling to make efforts. The following ancient Greek story just illustrates this point:
There was an old man who carried firewood on his shoulders. The heavy burden made him moan constantly. His home was still far away. It's a muddy road.He could no longer bear such a burden, so he dumped the firewood by the side of the road and began to complain about his rough fate.

"What good have I enjoyed since I was born in this wretched world? Working from dawn till dusk, without rest. Empty cupboards, and a wrathful wife And lazy, rebellious children! Ah! Death! Death! Take me away, and get me out of this trouble!"

Immediately, the phantom King of Hell appeared before him: "What do you want me to do?" Death asked him in a hollow voice.

"No—it's nothing." The awed and frightened farmer stammered, "I just hope you can help put the firewood I dropped on my shoulders."

We don't need to complain about fate like this old man, we can treat our career and life in our own way. In fact, there are only two ways to deal with fate: one is to retreat, and the other is to face it bravely.

How to solve financial difficulties when starting a business
Once the goal of starting a business is determined, action should be taken immediately.But where is your money?You know, the early working capital is essential.

It should be admitted that starting a personal business is to hope to earn unlimited funds with limited funds.If you have sufficient funds to start investing, you will not have the joy of hardships in the early stages of starting a business.Therefore, in principle, when starting a business, one should "think while doing it", that is, to seek solutions for funding while operating.First of all, you should minimize your expenses; second, spend time on establishing files, systems and accounts; third, avoid wasting your precious time on work that others do better than you and meet economic benefits; Fourth, raise your start-up capital from your relatives or friends, or accumulate such a start-up capital through the original accumulation of your own work; finally, you can also choose those industries that everyone thinks there is hope to make money, so as to make money Convince others to invest in you.

There is no age limit for starting a business, but there are rules to follow. Young people have vigor, ideas, courage, and drive to start a business, but lack money and experience. Middle-aged people may have both, but they must be influenced by their families. The drag of the old man and the constraints of the existing career, so he will not make up his mind easily, but the elderly have funds, time, and experience.So some people think that one of the ideal times to start a business is after retirement.Because at this time, no matter whether you retire early or should retire when you reach the age, you almost have a pension to survive.But isn't it too late to wait until old age to start a business?
In short, for entrepreneurs, it requires a considerable amount of capital.At the beginning, you have to think about the money you need to do these things, and how to use this money correctly?Otherwise, it is possible to go to the bank to borrow money.Not only will you have to pay for it, but you will also have to meet certain unreasonable demands from the responsible lender.

If you have started a business, you must first have a clear plan for "expenses" until the business is actually established.Maybe your business is doing well, you have users for your product, and money issues are making you anxious.If others promise to send money, they will be in arrears for a long time due to many reasons, and you still have to pay rent and some daily expenses during this period.In this way, seemingly profitable transactions are actually flat or even loss-making.Such a result is a business issue.However, when starting a business, business mistakes are inevitable.As long as you keep learning from your mistakes, you will still be a winner in the end.

In addition, when starting a personal business, in principle, you must have the leading power, and you should invest the most money yourself, otherwise, your operation will be hindered.If all the funds belong to others, then your operating autonomy is essentially virtual.Therefore, if you want to run your business smoothly, you must have considerable funds, and if you want to own your own funds, you must naturally develop the habit of saving.This is the economic concept that entrepreneurs must first have.

Another way to solve venture capital is to start a business while working, which is actually the so-called part-time entrepreneurship.In general, the advantages of having a job and building a personal business in your spare time are: One, you have a regular income to live off of while you build a potentially lucrative personal business .Under such relaxed conditions, you can also learn how to do business.Second, part-time personal businesses generally do not need to pay too much management fees and taxes.Third, you can correctly determine the possible viability of the planned individual business.Fourth, you can prepare the necessary equipment and work independently before the business actually starts.If for some reason you are unable to run a personal business outside of work, it may be a good idea to find a job with a smaller company that is related to the personal business you are working on.In this way, you can gain valuable work experience.If you perform well, the boss is likely to tell you some business secrets and even partner with you.This is a great opportunity for you to develop yourself.

It is worth noting that although capital is an important condition necessary for starting a business, it is not an absolute condition.For example: The American Apple brand computer was created by two young people in the garage of their own home.Most of some successful trading companies also made their name from a desk and a telephone.This shows that intangible assets are more important than tangible funds.

The important point is, whether you start a business part-time or full-time, you must persevere and work unremittingly, and I believe that your career will have a great improvement.

How to formulate your own long-term, medium-term and short-term plans

The purpose of starting a business is to reshape a successful self, and to pursue self requires the development of one's potential abilities and talents.Therefore, before you start a business, you should pick up your pen, calm down, and start planning a career that suits you.But you should know that there is often a gap between reality and ideals, so you must presuppose flexible measures and plan ahead.

[-].long term planning
This plan is to decide the direction of my life after the age of 35.In other words, the long-term plan is to guide oneself towards a more mature and stable life.

However, in the process of thinking, we often waver, so we should clarify the following questions:

① Is this direction what I want most?
②To achieve this goal, no matter how much the price is, am I willing to pay without complaint or regret?
(End of this chapter)