Risk 1 for college student entrepreneurship: Project selection If college students lack preliminary market research and demonstration when starting a business, and only decide the investment direction based on their own interests and imagination, or even make decisions based on whims, they will definitely end up in trouble.
College student entrepreneurs must do market research in the early stages of starting a business and start a business based on understanding the market.
Generally speaking, college student entrepreneurs have weak financial strength, so it is more appropriate to start from a small business if they choose projects with small start-up capital and low manpower requirements.
Risk 2 of college student entrepreneurship: Lack of entrepreneurial skills. Many college student entrepreneurs have high ambitions and low abilities. When their entrepreneurial plans are turned into actual operations, they find that they do not have the ability to solve problems at all. Such entrepreneurship is nothing more than talking on paper.
On the one hand, college students should work or intern in companies to accumulate relevant management and marketing experience; on the other hand, they should actively participate in entrepreneurship training, accumulate entrepreneurial knowledge, receive professional guidance, and improve the success rate of entrepreneurship.
Three risks for college students to start their own businesses: Funding risks Funding risks will always accompany entrepreneurs in the early stages of entrepreneurship.
Whether there is enough capital to start a business is the first question that entrepreneurs encounter.
After a business is established, it must be considered whether there are enough funds to support the daily operations of the business.
For start-up companies, if they cannot make ends meet for several consecutive months or the company's cash flow is interrupted for other reasons, it will bring great threats to the company.
Quite a number of companies will seriously affect their business expansion due to lack of funds in the early stages of their establishment, or even miss business opportunities and have to close down.
In addition, if there are no broad financing channels, the business plan can only be empty talk.
In addition to traditional methods such as bank loans, self-raised funds, and private lending, you can also make full use of financing channels such as venture capital and entrepreneurial funds.
The fourth risk for college students to start their own businesses: Poverty of social resources: Enterprise establishment, market development, product promotion and other tasks all require the mobilization of social resources, and college students will find it very difficult in this regard.
You should usually participate in various social practice activities to expand the scope of your interpersonal interactions.
Before starting a business, you can work in a related industry for a period of time and use this platform to accumulate contacts for your future business.
The fifth risk of college student entrepreneurship: Management risk Although some college student entrepreneurs have outstanding skills, their abilities in financial management, marketing, communication, and management are generally insufficient.
To succeed in starting a business, college student entrepreneurs must master both technology and management. They can start a partnership, a family business, or a virtual store to hone their entrepreneurial abilities. They can also hire professional managers to be responsible for the daily operations of the company.
Those who fail in entrepreneurship basically have management problems, including: haphazard decision-making, lack of information, unclear ideas, worrying about gains and losses, improper employment, neglect of innovation, eager for quick success, blind following, weak will, etc.
In particular, college students have limited knowledge, insufficient experience, financial strength and psychological quality, which will increase the risks in management.
Six risks for college students to start their own businesses: Competition risks Finding blue oceans is a good start for entrepreneurship, but not all new ventures can find blue oceans.
What's more, the blue ocean is only temporary, so competition is inevitable.
How to face competition is something every company must consider at any time, and this is especially true for new companies.
If the industry chosen by the entrepreneur is a very competitive field, he is very likely to be strongly squeezed out by his peers at the beginning of the business.
In order to annex or squeeze out small businesses, some large companies often resort to low-price sales.
For large companies, due to economies of scale or strong strength, short-term price cuts will not cause fatal harm to them, but for start-ups, it may mean the danger of complete destruction.
Therefore, considering how to deal with the brutal competition from peers is a necessary preparation for the survival of entrepreneurial enterprises.
Risks 7 for college students’ entrepreneurship: team differences Modern companies pay more and more attention to the power of the team.
The most important source of strength for entrepreneurial enterprises during their birth or growth is generally the entrepreneurial team. An excellent entrepreneurial team can enable entrepreneurial enterprises to develop rapidly.
But at the same time, risks are also inherent in it. The greater the strength of the team, the greater the risks.
Once the core members of the entrepreneurial team disagree on certain issues and fail to reach unity, it is very likely to have a strong impact on the company.
In fact, it is not easy to work well in a team.