Hey jinventors , if you want to be an entrepreneur then this article is for you . I'm not here to demotative you but want to aware you what will be the dark side of entrepreneurship ? So don't be demotivate . Prepare from today . Let's discuss about this .
(1). Your product or service may fail :-
If you are planing to launch a new product or new service then do a backup plan , because if it will not able to attract people then it will fail badly . Let's take an example of Indian smartphone brands . They are unable to launch attracted smartphone and failed badly . And now you can see where micromax , Lava, Karbonn are ?
(2). Competition :-
Every beginner thinks that their idea is unique , but after they lunch the business there exist many other business which are similar to them . Or if different then someone will come to start business like them & if that business goes well than beginner will fail . Let's take an example of Indian Telecom companies . How JIO destroyed Idea , Airtel & whole telecom companies of India . Here you can relate this .
(3). Money management :-
If you have no knowledge about money management then you will fail severely . Let's take an example you have 10 lakh rupees & you start an online e- commerce store . For web development you need 2 lakh rupees , for inventry you invest 6 lakh & for your office & employees you have to give 2 lakh rupees . So that's all you 10 lakh rupees finished . Now the problem comes , you have to invest in advertising, Transport & other small things . But you have no money to invest .
So these three things will be problem , so you have to learn the things before you start up .
(1). Your product or service may fail :-
If you are planing to launch a new product or new service then do a backup plan , because if it will not able to attract people then it will fail badly . Let's take an example of Indian smartphone brands . They are unable to launch attracted smartphone and failed badly . And now you can see where micromax , Lava, Karbonn are ?
(2). Competition :-
Every beginner thinks that their idea is unique , but after they lunch the business there exist many other business which are similar to them . Or if different then someone will come to start business like them & if that business goes well than beginner will fail . Let's take an example of Indian Telecom companies . How JIO destroyed Idea , Airtel & whole telecom companies of India . Here you can relate this .
(3). Money management :-
If you have no knowledge about money management then you will fail severely . Let's take an example you have 10 lakh rupees & you start an online e- commerce store . For web development you need 2 lakh rupees , for inventry you invest 6 lakh & for your office & employees you have to give 2 lakh rupees . So that's all you 10 lakh rupees finished . Now the problem comes , you have to invest in advertising, Transport & other small things . But you have no money to invest .
So these three things will be problem , so you have to learn the things before you start up .
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