Consult other entrepreneurial leaders in our segment is vital to the success of our project
The first step is to give the opportunity to our idea, sharing time with other entrepreneurs to see how it can work. If possible, we consult leading segment in which we plan to undertake, people with whom we have some contact or at least offer us any advice. The idea is to talk to them about aspects of the business and its foundation, how they invested their time, they had to face obstacles, surprises with which found, among many more questions.
Such conversations turn out to be crucial for future entrepreneurs. After a while, the idea behind any business starts to look less abstract and more workable, so that we can project ourselves running it.
The next step is really important, and try to find a cofounder, with a “background” and a willingness to work different from ours, in other words, we are two different entrepreneurs. It is that both are deeply connected with two different aspects of the product, the natural balance makes it easier to distribute key business activities.
The next thing is to understand that entrepreneurship is based on finding new approaches or solutions to problems, so nonconformity can be an important part of that process. Therefore, by forming a working team between entrepreneurs, is relevant to try to be as diverse as possible from aspects such as age, gender, experience in the segment, background, layout, among many others.
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We may feel more comfortable or relaxed when working with people like us, however, take it involves finding new approaches to existing problems, which, as already noted, feel uncomfortable can become a vital part of the process.
Failure is not an option, but a possibility
Many entrepreneurs do not recognize the risk associated with investors wrong even when it is too late. For this reason, it is vital that one of the main priorities when undertaking is to seek the right investors. And a good investor is recognized because it has a history of building successful businesses in the long term and that interests them or import the problem or situation we are trying to solve.
However, you may despite having all the above points into account as entrepreneurs, we fail in our purpose, so it is important to always keep in mind that failure is not an option, but a possibility.