What Entrepreneurs Need to Survive
Seven factors beyond entrepreneurs when they start their ventures
Publicado por LauraSL
miércoles, 21 de agosto de 2013 a las 08:17
When you are an entrepreneur you must build a solution of your own, under all the pressures of the competitive marketplace. This requires a distinctive set of skills – skills that can be hard to come by in an education system designed to reward doing what you've been assigned to do. To have a reasonable chance of succeeding at starting your own business depends not only on learning these distinctive skills, but also on engaging with and understanding the surrounding ecosystem.
There are seven factors beyond entrepreneurs when they start their ventures. And there is a management framework called CAPTURE to help them do this. This framework instructs them to identify sources of:
- Cash & capital
- Access to markets
- Pipeline of innovation
- Team: talent, training, tools and trust
- Users: base to learn from
- Relationships: with partners, vendors, investors
- Economics: for making money and supporting growth
Text by: ALEJANDRO CRAWFORD
Source: US News
21/08/2013 08:17 | LauraSL