Business Sites Write For Us – Carrying out your project is one of the most critical steps in the professional life of many people. And although the satisfaction that we can get with it 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 Business 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.
Carried out among more than 1,500 Spanish professionals, the report shows 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. Not only that, but four out of ten would also like to see administrative obstacles streamlined, and eight out of ten believe that there is not enough aid from public bodies for startups and new companies.
Despite this, 75% of Spanish professionals believe that anybody 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.
Queries you should ask yourself before starting a business
Suppose you are among the people thinking of taking the step of creating their own business at this very moment. In that case, you must carry out some reflections before taking action and putting your idea, self-esteem, and money at risk. Read the following ten questions carefully, and we promise that by the end of the post, you will be much more prepared to take the plunge!
One # Can everyone undertake?
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 of the skills that every entrepreneur must possess to face a path with its best and worst moments successfully.
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 give up on the first problem that comes your way.
If you 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.
Two # Am I ready to be my boss?
Perhaps we all believe that the best thing that could happen to us is to be our 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 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 founder of the company yourself, you will always have the last word, your opinion being the one that counts the most. Therefore, even though we have support, successes, and failures will always fall on us.
Do you think you have the necessary skills to manage and lead a team? Are you ready to assume everything that happens within your company and make decisions that may harm third parties? These are just some of the queries you should ask yourself to find out if you are ready to have your own business.
Three # Is my entrepreneurial idea viable?
Sometimes, the difficult task is not to have a business idea but to make that idea viable. It is straightforward to dream, thanks to our imagination, but much more complex to turn it into something possible. I will be of no use to you to have a revolutionary idea if the necessary tools and resources do not exist to be able to materialize it.
It would help if you thought about 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?
Four # 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.
Five # 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 designed to cover specific needs or if we are trying to awaken a condition 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 on the market.
Six # 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 product or service is intended 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 consumers who have companies in the same sector as 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 with which to impact consumers who are interested in our products and services and, thus, achieve sales.
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