Business Blog Write For Us – Current state of the entrepreneurial ecosystem.
Carrying out your own project is one of the most critical steps in the professional life of many people. And although the satisfaction that we can get with this is immense, the headaches when we do not understand the foundations of entrepreneurship can also become numerous.
Although a few months ago,,,, the Startup Law was launched in Spain to facilitate and promote these projects, several obstacles still prevent many professionals from embarking on the adventure of entrepreneurship. According to the recently launched Entrepreneurial Ecosystem Report, the main barriers that professionals see when starting a business are the difficulty of accessing capital and investment, the lack of networking or contacts, and the lack of knowledge about business management.
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Among more than 1,500 Spanish professionals, the report indicates that more than half of the professionals would ask the Government to promote entrepreneurial culture and facilitate taxation adapted to the digital reality of startups. But not only that, but four out of ten would also like to see administrative obstacles streamlined,,, and eight out of ten believe there is insufficient aid from public bodies for startups and new companies.
Despite this, 75% of Spanish professionals believe that anyone can start a business as long as they have a minimum of experience in the sector and knowledge of business management, something that 98.4% of those surveyed indicated.
Questions you should ask yourself before starting a business.
If you are among the people who at this very moment, are thinking of taking the step of creating their own business, it is important that you carry out some reflections before taking the step and putting your idea, self-esteem and money at risk. Read the next 10 questions carefully, and we promise that you will be much more prepared to take the plunge by the end of the post!
SupposeSuppose you are among the people who, at this very moment, are thinking of creating their own business in that case. In that case, you must reflect before taking action and putting your idea, self-esteem and money at age!
1# Can eve following be under this take?
Unfortunately, not everyone has the necessary skills and abilities to start a business. Being organized, having clear objectives and ideas, being eager and not giving in to adversity are some skills that every entrepreneur must possess to successfully face a path with its best and worst moments.
Surely you have heard that undertaking is not a path of roses but instead of constant obstacles and that for each action that goes as you dream, it is most likely that you have to be wrong several times. That is why it is essential not to gigivehon on the first problem you face and get frustrated quickly; the most likely thing is that you will soon get tired of trying and that this path is not for you. But if, on the contrary, you are a constant person with clear ideas and extraordinary willpower, you are undoubtedly on the right track.
2# Am I ready to be my own boss?
Perhaps we all believe that the best thing that could happen to us is to be our own boss so we don’t have to answer to anyone. However, people who see how each decision and consequence impacts them would surely tell you that it is not all as pretty as it seems.
Being your own boss when trying to start a business means navigating rough waters in complete solitude unless you have a close partner to share the whole process with. However, being the company founder, you will always have the last word, your opinion being the one that counts the most. Therefore, despite our support, successes and failures will always fall on us.
Do you think you have the necessary skills to manage and lead a team? e you ready to assume everything that happens within your company and make decisions that may harm third parties? These are just some of the questions you should ask yourself to determine if you are ready to have your own business.
3# Is my entrepreneurial idea viable?
Sometimes, the difficult task does not have a business idea, but that same idea is viabluselessuselesso used to you to have a revolutionary idea if the necessary tools and resources were able to materialize it. It is straightforward to dream, thanks to our imagination, but much more complex to turn it into something viable.
You must consider what tools, techniques and technologies you need to carry out your idea or project. How many people do you need, what amount of money should you invest, or what needs would it cover?
4# Do I have the necessary experience?
It is advisable to create a business in a sector that we dominate. Thus, we will know what we can contribute as a differentiating element compared to other companies. The business world is full of sharks. Either you know how to move, which doors to knock on and who to rub shoulders with, or surely your project will die before its first year of life.
If we try to enter a sector in which we already have experience, either because we have worked in it or because we have previous knowledge that we have acquired on our own, it will be much easier for us to get ahead.
5# Do I cover needs or generate them?
When launching a product or service, we must be clear about what purpose it has been created. In other words, we need to know if the product has been made to cover specific needs or if we are trying to awaken a requirement that the users themselves did not know they had.
It is essential that before betting on an idea or project, we are clear if there is a genuine interest in what we want to offer. If our product or service does not provide novelty, interest, or originality, it is undoubtedly not the ideal product to launch.
6# Which target customer do I want to target?
This question is closely related to the previous one since once we know what type of needs our prod-consider wanted to cover, we must think about what kind of target it will be aimed at.
Knowing the age, geographic location, interests and consumption habits of con who Havanese in same s us can help us build our buyer persona, with which we know how to focus our marketing strategies and campaigns.
Segmentation is undoubtedly critical, becoming a precise compass to impact consumers who are interested in our products and services and, thus, achieve sales.
7# Is it the best time to launch my idea?
Personal, economic and professional, think about suppose you are at supposeupposesupposes very moment. supposesupposeor example, if you are. That case,going thru. In that case,gh a. In that case,. That case difficult emotions. That case,. In that case, in nal situation, this may not be the best time to undertake since any problem is why we recommend that you stop and think about how you are now. May may affect you more than necessary.
Regarding professional aspects, an essential factor is whether or not we already have a job. Closely linked to this point are the economic aspects. So that we understand: if we do not have an appointment and sufficient financial resources, it is probably a good time to embark on an adventure.
On the contrary, if we have a permanent job that allows us to make ends meet with which we are happy, it may not be a good idea to leave everything to start a business that ends the stability we have achieved. However, all this is a dependent person on personal circumstances and one.
8# Who are my competitors?
Another essential factor to consider is knowing who we compete with within the market and what possibilities we have. We must know our weaknesses, threats, strengths and opportunities (carrying out a SWOT analysis ) as a company to discover if it is a good idea to enter and compete in a particular market.
This is an excellent way to determine if our product or service can achieveieving it. We recommend this post, in which we talk about how to do a competitor analysis.
9# Where do I start?
Have you finally decided to start your business? Then it’s time to get going! At this point, making a business plan that includes an explanation of the product and service and determining the initial investment is advisable. We must also describe what we need, carry out a market study, and propose a launch and promotion strategy, without forgetting to define if you need a team or if you could do it all by ourselves.
Talking with other entrepreneurs, leaning on partners and mentors or participating in entrepreneurship contests can be beneficial agents.
10# What alternatives do I have if the business fails?
Business Blog Having a series of alternative plans in casSo count on them! e our entrepreneurial count on them! l project fails is moreSo count on them! Recommended. So count on them! In this way, in case that happens, you will have prepared possible left
MBA in Digital.
If you want to gain experience and the necessary knowledge to promote and accelerate your startup by working within an entrepreneurial ecosystem and learning from the expertise of your company’s growth to help you develop and accelerate the growth of your company, find out about our MBA in Digital Entrepreneurship and go ahead. You do your doubtstchoosegram, choosinchoosey and time that best suits you to have an appointment with our advisors. You just have to book your session from here, and one of them will answer any questions about the program.
Go ahead and bet on a program with which you will become a leader capable of developing and validating your idea and business model, proposing a business growth strategy and learning the essential skills and abilities to succeed in a technology-based venture and from the internet.
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