Part 1. Entrepreneur in love??
Published by the 4 of August of 2020 en Business environment, Entrepreneurship
Recently we have found a lot of stories about entrepreneurs who swear that their idea about a product or service are just the best and will hit the market. Just as if consumers were waiting for it, and probably we do.
A basic entrepreneur characteristic is to be passionate about what it is designing and developing, since it is the only way to face all challenges that are coming.
However, ¿what if the entrepreneur can not see that the product or service he is working on is limited due to that passion? ¿How to be able to realize that failure in entrepreneurship? and the most important ¿How to make the entrepreneur to understand that his/her wonderful idea won´t work no matter what?
If you are an entrepreneur in love that do have a product of service that will hit the market, it is easy to realize with a simple “logic application” rule in which you really are solving a problem or need. The structure of your project is that robust to give you any answer to any question related to market, scope, sales, distribution and so on; your business plan is logic and consistent; your financial plan makes sense, viable and achievable through the different stages; your planning has focus and with measured indicators, etc.
Notwithstanding, if you are an entrepreneur in love that DO NOT have a feasible product or service, you will face quite a lot of questions that will not have answers and all mentioned above could not be build.
It is quite important to fall in love of your project. But even more important is to be able to see further away than all you just want to.
Wish you a big success!!