When starting a business, you must remember that survival is the most important thing:
An old friend asked me for help these two days. His company stopped production. Could you help coordinate some resources and funds to get his factory moving again?
I could only grit my teeth and say that I could not help. Its business model determined that it must be doomed. No matter how much money was put in, it would just fill the hole.
My friend had run out of money. He had borrowed from all his relatives and friends. He could only go bankrupt. When he started a business, I advised him to be cautious. You are an excellent engineer, but not an excellent entrepreneur.
He didn't listen and insisted on trying it. Starting a business was really high-end and well-equipped.
A small factory rented such a good factory building, with so many employees and so many managers, and the factory spent hundreds of thousands a month. It lost money every month and could not make ends meet. Even if there was a mountain of gold, it would be burned out by him.
1. When starting a business, you must minimize your costs. Before your entrepreneurial project generates positive cash flow, you must save money as much as possible.
2. Rent an ordinary iron house as a factory. Small factories and small businesses do not need management personnel. You can just take on multiple roles.
3. All resources should be used to generate positive cash flow. First, do the business and generate a steady stream of returns.
If this article is helpful to you, please pay attention to me. The callback has not yet arrived. Keep up with my pace and plan for a big bull market together. Read the introduction of Zhuye and get on board without any threshold.