Don't Let Your Entrepreneur Ship Sink

By AMIT R CHOKHANI

Plan your business better
Smart people learn from the mistakes of others!      Be Smart click on Buy Now    above

Are you struggling in your entrepreneurship? 
Are you in the initial stages of your venture?  
Are you unable to understand the reason why your business is not growing?  
If the answer is yes then, a must read book for you!

Do you want to know about various aspects of the business? Click on    Buy Now   option above
A very practical book for Entrepreneurs!
This book will make you aware of some business mistakes made by the Author himself during
the initial stages of his entrepreneurship.
Know about the hardships which almost every first-time entrepreneur can face due to lack
of business skills.
To be a successful entrepreneur get solutions to some business traps which can make your journey challenging.

Some important learning's covered in this book are....

Why setting of Vision is important to scale your business?

What are the initial 3 stages of planning one should follow for a smooth ride?

Why do we say Cash is King?

What is the Burn rate in the business?

How to manage the Team effectively and Focus on business goals?

Importance of Sales and Marketing for Revenue generation?

This book will also help you bust some marketing myths which can otherwise make your journey difficult.

Get to know about some mistakes made by successful business owners which cost them heavy after they achieved Big.

Why knowing the Product Life cycle is important to for success in entrepreneurship?.

At what stage the new product development process should be started?

Know why some of the big brands failed to capitalize their market?

Knowing what's not known is the first step to success.

Want to be in 1% Club of Successful Entrepreneurs?

Click    on      BUY NOW      above

• Language: English
• Publisher: AMIT R CHOKHANI
• Release date: Apr 21, 2021
• ISBN: 9798201326487

Book preview

TABLE OF CONTENTS

Chapter 1- INTRODUCTION

Chapter 2 - IN-DUST- TREE

CHAPTER 3  -OPTIMISTIC ENTREPRENEUR

Chapter 4- NO BUSINESS VISION

Chapter 5- RISK OF NOT PLANNING WELL

CHAPTER 6 - LEADERSHIP AND TEAM SPIRIT

CHAPTER 7 - BURN RATE

CHAPTER 8 -SALES AND MARKETING

CHAPTER 9 – OTHER UNCOMMON  RISKS

Chapter- 10  Summary

Chapter 1- INTRODUCTION

Jack Ma-founder of Alibaba, always says that "Learn from the mistakes of others". Our lives are not long enough to make all of our own.

He motivated me to become an author, Entrepreneur and I selected to pen down some of my mistakes during my entrepreneurship journey. These are common mistakes that every Entrepreneur can make during their initial stage of the venture.

Every individual is different so is every Entrepreneur. Entrepreneurship is all about handling risks at various stages, correcting mistakes, and moving further. The mistakes can often cut short the life of our dream journey.

In India, entrepreneurship is not treated as a safe profession because it involves many risks. Most individuals have in mind that Doing business is not our cup of tea from high school.

Though many of us have the fire to achieve significantly, they catch the service train due to social pressure and lack of entrepreneurship knowledge.

I am lucky to be born in a Business family, never faced any such challenges. I have about 20 years of experience in entrepreneurship in various fields. I have committed lots of mistakes and expensive errors during the start of my venture.

I want to help my entrepreneurial friends by sharing my mistakes, which are avoidable if one knows from the beginning of their venture. My main aim is that you should not come across such a situation.

This book is about various hurdles in entrepreneurship, how to get prepared, and decision-oriented steps one should take during the initial stages of the venture, and the importance of some business terms like Vision, Team management, Cash burn ratio, etc., budding entrepreneurs ahead.

Most of the Entrepreneur's ship sinks not because of money, marketing, or product selection but due to lack of Vision, lack of decision making, and lack of planning.

The problem-solving mindset is required to live their dreams with proper business skills.

A few days back, I come across the meaning of "Entrepreneur" in one of the famous search engines. It says that an entrepreneur is who sets up a business, taking on financial risks in the hope of profit.".

This definition of the Entrepreneur cannot be accurate in any case as I have faced, I have lived, I have struggled, I have seen the hardships and ups and downs of the entrepreneurial path.

I have faced the situation when an entrepreneur doesn't have money to fulfil his family's needs. At times, an entrepreneur feels dejected, but our Vision and Goal push us to stand and run the very next moment.

No matter what others think, you should never doubt your ability to be a successful entrepreneur.

In my opinion, an entrepreneur is a person who is confident and willing to change the life of others by unique inventions, facing challenges, and leading from the front.

An Entrepreneur takes financial Risk and a family risk, Risk of uncertainties. Many a time, he does not care about his health. Yes, profits should be generated from any business so that the Entrepreneur's Vision and goals

In the initial stages of entrepreneurship and as the business matures, every Entrepreneur has to handle various Risk or pressure types; Risk exists in any situation.

Unexpected circumstances and their unpleasant result are the essences of Risk. If we could predict the future, there would be no uncertainty and no risk. The flip side of Risk is an opportunity. There is a direct relationship between Risk and opportunity.

Running the company would be smooth if everyone can easily predict the possible business risk. The biggest problem is that it is partly unknown something that will happen in the future when it comes to Risk.

As a business operates in a dynamic environment, we cannot expect the Risk to be standard

The only standard thing in business is that Risk will always exist.

But the good part is that the Entrepreneur's mistakes can be managed with analysis; we can use specific resources to eliminate or minimize business risk in a relevant area where it is anticipated.

Risk management is some strategies and processes that aim to help the Entrepreneur understand, evaluate, and take action on all their Risk to increase their success and reduce failure.

When we talk about risk management, it reflects minimizing Risk and eliminating the negative effect of Risk. It is the art and science of thinking about what could go wrong. Most entrepreneurs believe that Risk is something out of their control.

The Entrepreneurship is neither easy nor risk-free, and that's precisely why many start-ups fail within few years of their venture.

But yes, great entrepreneurs achieve success by keen awareness and risk management.