Short Guidelines - Team work and A risk taking
Abir Maheshwari
With practice comes mastery, With mastery comes knowledge, With knowledge comes responsibility
After Understanding Different Business Models and Design. I come to conclusion that, until execution of respective Business model is not done properly, It’s just a piece of Dreamed Business Model. It’s very important to know and understand business model for startups and Entrepreneur.
We can see various types of business model and design according to Environment, Operations, Strategies, Structure, Ideas, Funding, Product Concept and Timing etc., But until the contribution of team is not matching to the need of business model it cannot create any magic for company.
1. Startups
2. Entrepreneur
Startups - Team Work
Startups is becoming Just a trend not an opportunity to start their own business. lack in Ideas and projection toward market is common error which can be seen in 80% of startups now a day. Services, Process or product finalized by startup companies are started without any market research and proper guidance which intend to become major drawback in fall of startups.
A Good Plan, Business Model, Guidance, Market Research, Funding should be the main concern for startups before starting any business. To make startup successful a good team should be main focus of startups.
Entrepreneur - A Risk Taking
Entrepreneur are the one who has capacity to take risk on their own in order to make profit and start on their own business but everyone cannot be entrepreneur which is not at all bad. Person should be able to Develop, Strategies, and make it operational his/her own Idea into business. 30% of Visionary People intend to become an entrepreneur because of their ability to take risk on their own. As risk is main factor to act as key to successful or unsuccessful business.
Identifying your ability, then working and developing on the fact of your ability with proper guidance or inspiration can make successful Startups or Entrepreneur. Than Understanding which business model is perfect for your process, service or product can make you a successful Startup or Entrepreneur. Now a day, everyone who are thinking of starting their own business should first take an advice and guidance of the person who is already into business for not to be a failure.
Learn and Understand all the Business Model and Design Before Acting or Stepping into Business.
Business model: https://en.wikipedia.org/wiki/Business_model
Entrepreneurship: https://en.wikipedia.org/wiki/Entrepreneurship
Startup: https://en.wikipedia.org/wiki/Startup_company