The starting point for starting a business

  • Jul 26, 2021
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Any business activity, like everything in life, has a beginning and although it may be naive to think that a company is exclusively the materialization of the idea of an entrepreneur, since the complexity of it exceeds the capacities of any person, it is historically true that all companies had their first origin in the minds of some people whose objective was to turn an idea into a product or service that people would buy, hoping to make a profit and risking, if necessary, their own capital to to get it. Therefore, at the origin of all business activity there are two basic elements that are essential: a person (entrepreneur) and a basic idea. The subsequent development of this binomial will determine the positive or negative evolution over time of the business activity that its confluence generates.

Carrying out an initial analysis of the two basic elements mentioned, we could ask ourselves: Does anyone have the capacity to develop a business activity? How does an idea come up with a sufficient basis to be the origin of a business cell?

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In the first place, based on real data, and although there are numerous theories about the qualities that an entrepreneur must have, it can be confirm the historical and current existence of innumerable cases of people who, without any training (except the self-study derived from particular experiences), without even knowing reading and writing in extreme cases, have been successful in their activities business. Perhaps they knew how to discover the key factors of these and act correctly on them, perhaps they applied a great dose of common sense, perhaps they enjoyed a natural intelligence that allowed them to assess the future more accurately than most, correctly at the right time or simply knew how to rely on good collaborators. The current economic complexity and the rapidity in the changes and habits of the economic environment are leaving ever smaller gaps for the people who they entrust their business future exclusively to intuition or business improvisation, but the truth is that cases such as those mentioned have existed and exist. The only requirements that must be assumed by any person with the will to be an entrepreneur are: the willingness to take risks (even in the self-employment figures, risk or uncertainty appears as a prominent element) and the hope of obtaining Benefits.

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Second, it is impossible to know how ideas arise in the minds of future entrepreneurs, but based on people's stories that at the time were candidates for businessman, it can be affirmed that the casuistry is extensive and varied, both in the general approaches and in their nuances. The most common cases, of very disparate evolutions, are the assumptions of successful experiences of others that have been tried to repeat or improve, own professional experiences from which it has been tried to obtain a prestige or personal benefit, technical discoveries, developments of new products, specific information or privileges and even cases of necessity that force to sharpen the ingenuity of special way.

Therefore, it does not seem appropriate or possible to establish the basic requirements that an idea must meet. The external and internal factors that continuously change act on the many cells of life business and the different specific weights that each variable has in each different type of business activity does not allow. Additionally, sometimes ideas arise that do not have a theoretical potential but are assumed by people of great capacity and ideas arise with great theoretical potential but which are useless if there is no one who can transform them into products marketable. Based on what has been stated so far, it can be affirmed that no person should be previously excluded as a future entrepreneur and that every idea should be taken into consideration no matter how strange it may seem, at a initial. A later, more in-depth analysis may allow the interested party to determine if their particular binomial (qualities personal - basic idea) offers possibilities, but counseling is not possible in this essentially creative phase. It is each person, with their own experience, skills and information, who in dialogue with themselves generates the birth of a basic idea, the embryo of a future business activity.

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Source: 10 steps to start a business

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