Can You Be the Next Elon Musk? ?? The Ultimate Guide to Business Entrepreneurship Success ??
Jacob Bossira
Board Member | CEO | Oil & Gas, Banking Executive | Energy & Power Leader | Investment Strategist | Corporate Governance | Business Valuation | Private Equity | Venture Capital | Executive Leadership | Cross-Border M&A
What Do Entrepreneurs Need to Break Through?
?? Statistics: 90% of startups close within three years. Of the 10% that survive, only a few manage to break through. The reason? A deep understanding of business entrepreneurship and practical formulas for success are missing.
What Are the Causes of Failure?
?? Managerial Failure: Examining failed businesses shows that in most cases, it is due to managerial failure stemming from the founders’ lack of experience. The entrepreneurial traits that helped establish the business are the same ones that cause its failure when transitioning from the startup phase to the establishment phase.
What Are the Characteristics of Successful Entrepreneurs?
?? Entrepreneurial Traits: Many studies have shown that entrepreneurship is an innate trait characterized by quick decision-making based on intuition and a tendency to take risks. However, successful entrepreneurs do not gamble in a vacuum; they take calculated risks based on thorough study and a deep understanding of the business-marketing field.
What Do Entrepreneurs Need to Break Through Big Time?
?? Business Understanding: The missing link is a deep understanding of business entrepreneurship. Not everyone who is proficient in technology will be a successful tech entrepreneur, and not everyone with a creative idea will succeed as a business entrepreneur unless they develop in the fields of business development and the process of establishing a business. Starting a new business involves complex elements such as the entrepreneurs’ personality, good communication skills with people from different backgrounds, high energy levels to handle crises, and above all, a good understanding of the business field in which the venture operates.
Summary
?? Experience-Based Learning: Experience-based learning, built on real projects, is what gives potential entrepreneurs the tools to significantly reduce their chances of failure. This implies that not only can one learn how to become an entrepreneur, but it is essential and desirable to do so. Gut feelings not based on professional knowledge and understanding of a specific business field increase the likelihood of being included in the 90% of failed businesses.
Tags: #Entrepreneurship #Success #Startup #Management #Innovation #Business #Marketing #Funding #Networking #Leadership
What do you think of this version? Is there anything else you’d like to add or change?Sure! Here’s the article translated into English with a viral touch:
领英推荐
Can You Be the Next Elon Musk? ?? The Ultimate Guide to Business Entrepreneurship Success ??
What Do Entrepreneurs Need to Break Through?
?? Statistics: 90% of startups close within three years. Of the 10% that survive, only a few manage to break through. The reason? A deep understanding of business entrepreneurship and practical formulas for success are missing.
What Are the Causes of Failure?
?? Managerial Failure: Examining failed businesses shows that in most cases, it is due to managerial failure stemming from the founders’ lack of experience. The entrepreneurial traits that helped establish the business are the same ones that cause its failure when transitioning from the startup phase to the establishment phase.
What Are the Characteristics of Successful Entrepreneurs?
?? Entrepreneurial Traits: Many studies have shown that entrepreneurship is an innate trait characterized by quick decision-making based on intuition and a tendency to take risks. However, successful entrepreneurs do not gamble in a vacuum; they take calculated risks based on thorough study and a deep understanding of the business-marketing field.
What Do Entrepreneurs Need to Break Through Big Time?
?? Business Understanding: The missing link is a deep understanding of business entrepreneurship. Not everyone who is proficient in technology will be a successful tech entrepreneur, and not everyone with a creative idea will succeed as a business entrepreneur unless they develop in the fields of business development and the process of establishing a business. Starting a new business involves complex elements such as the entrepreneurs’ personality, good communication skills with people from different backgrounds, high energy levels to handle crises, and above all, a good understanding of the business field in which the venture operates.
Summary
?? Experience-Based Learning: Experience-based learning, built on real projects, is what gives potential entrepreneurs the tools to significantly reduce their chances of failure. This implies that not only can one learn how to become an entrepreneur, but it is essential and desirable to do so. Gut feelings not based on professional knowledge and understanding of a specific business field increase the likelihood of being included in the 90% of failed businesses.
If you enjoyed this article and are interested in more enriching managerial and financial insights, feel free to follow!
#Entrepreneurship #Success #Startup #Management #Innovation #Business #Marketing #Funding #Networking #Leadership