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8 Best Ways to Face Failure in Entrepreneurship

Entrepreneurship is an option for the community besides working as an office employee. Indeed, the level of income stability from the entrepreneurial sector is not as stable as that obtained by all employees. But it can be far more than merely waiting for a monthly salary.

Even so, doing entrepreneurship does not necessarily ensure success. Before enjoying success, a large number of entrepreneurs in this country, even in the world, would have felt failure.

Instead of giving up, they can face failure in entrepreneurship by turning it into a success. Of course, it is not an easy thing to get up from failure. Because of course there is hard work, struggle, and sweat to be able to achieve success.

To help you become a successful entrepreneur, we provide 8 techniques to deal with failure in entrepreneurship.

1. Positive Thinking

This point is very urgent and will be the foundation of your method to face collapse. A positive mindset must be kept as dense and difficult as any failure.

By always thinking positively, then you will have the opportunity to find a solution to the challenges that come. Indeed nothing is exciting about a failure. But if you recognize failure as a fruit of your own mistakes, this will make it easier for you to get a solution.

By thinking positively you will avoid trying to blame different people or situations that occur.

When we prefer to blame others, then you will be approached with stress. This condition will inhibit the mind in pursuing another path to achieve success.

2. Discover the Causes of Failure

If the mind can continue to be maintained remain positive, then you will undoubtedly be more facilitated to deal with failure in entrepreneurship.
With a clearer and more open-minded situation, explore the root cause or the leading cause of failure of the business that we live. Search and find the primary source in the innermost layer, not only in the outermost layer.
In general, the source of this failure can come from internal and external matters — internal factors like poor management or labor that is not competent enough.

While external things can be due to increasingly fierce competition or suppliers who cannot consistently deliver orders.
Arrange the arrangement of things that are not going around correctly. So we know of course what must be raised or improved.

3. Evaluate

After understanding what the cause of your business failure is, it is time to do an evaluation. Why do these things cause failure? Is there anything else that supports this failure?

Make a priority scale in working on evaluations. See what factors must be immediately evaluated and what may be delayed.
This priority scale will make it easier for you to do the right actions for the problems at hand.

Remember, you should never explore assessments in a full-minded situation. Calm the mind before we begin evaluating. Solving problems in full mind situations will only stimulate stress and depression.
Because it is a good idea to cool off for a moment. So that our minds and hearts are more relaxed and ready to face the next obstacle in completing failure.

4. Looking for New Opportunities

Finding new opportunities here is a way to resolve failures and find ways to develop in a better direction. You can keep struggling to correct mistakes that have been made. You can also look for new ways that may not be related to problems or errors that occur.

So, after making an assessment, you will know whether the effort that is being carried out can still be continued or not. If it is even considered feasible, immediately work on repairs and monitor it continuously should not be repeated the same mistake.

If indeed it is deemed inappropriate to continue, you can try to explore new fortunes from other businesses. It is not impossible, in the new business the success you will get.

5. Do Mature Planning

This is the positive side of failure. You will know that what we planned before turned out to be inapplicable in your business.

Thus, we can also make plans that are far more mature for the same effort.
To face failure in entrepreneurship, careful planning is needed. You can start by watching the points of failure.

From there it is then developed to become a framework for the next plan.
Make a plan as detailed and as mature as possible. Try to have no chance for failure to disrupt the project.

You can anticipate it if you know what the cause of failure is and then make a thorough assessment.

6. Focus on the Target

In creating a plan, of course, there will be targets that you want to reach. Therefore, try to always concentrate on that target. Always imagine this target each time we go through the effort to become an encouragement and guard so that you do not deviate from the path that must be taken.

Because, in not a few cases of failure of entrepreneurship, plans that have been established in such a way cannot run well due to an insufficient concentration of all business actors.

They are not infrequently tempted to refract from the plan on the way.
If this is the case, then you will only again enjoy failure. Therefore, concentrate on the target and try as much as possible to reach the expected goal.

7. Recognize Potential

When you start a new plan from your business, it is not uncommon to open your eyes and ears from new potentials that arise. Both the potential to develop a more extensive business, even the potential for interference that can make our plans cannot go well.

Recognizing the potential that will be present is the right technique to deal with failure in entrepreneurship. So that you can anticipate early so that the negative potential that is present is not a significant disruption to your plan.

For the positive potential that we encounter, make this business a way to work on innovation.

As long as the innovations made can have a positive effect on the plans that have been made, you can continue to incorporate these positive potentials.

8. Get New Motivation

Failure is not a business that must keep being regretted. Instead, failure must be made a new spirit to achieve success. Therefore, we must not let ourselves be lingered by failure.

Failure is not something that must be feared but must be faced. Always learning from mistakes is our key in escorting each attitude to failure.
When you indicate an unyielding spirit, success is undoubtedly waiting for you at the end of the road.

Remember, failure is delayed success. So, you can’t let yourself dissolve in failure. Get up quickly to achieve the image of being a successful entrepreneur.

There is no successful person without passing failure. Because behind each success there are indeed not a few failures. Because when faced with defeat in entrepreneurship, it should not immediately despair.

Don’t make failure a bad thing and make you hopeless. Spend all your share of failure. Then success will immediately appear before your eyes.

Finding Promising Business Areas to Start as StudentPreneur

Small and Medium Enterprises are one of the biggest commodities in industrial civilization in South-East Asia. Even in many developed countries, SMEs have become the ‘backbone’ that delivers the most significant income compared to mid-sized businesses. Small and medium enterprises in Asia contribute 60% of the Gross Domestic Product (GDP), which is the overall value of all goods and services produced in the region in certain periods. In addition to increasing GDP, SMEs also open up not a few jobs for our society. So, the SME business must continue to grow and give up business opportunities for those of you who like the world of entrepreneurship.

Although in the world of entrepreneurship, there is fairly rapid development, not many of all beginners have difficulty in choosing the type of business they will undergo. The reasons are very varied starting from the problem of starting a business because of lack of capital, insufficient experience in specific fields, lack of business knowledge, lack of understanding about marketing techniques, and few other obstacles. Of course, all these challenges do not create the beginners of this business to stop in developing their own business, because every company needs to pass the learning process and a real practical thing is very valuable for the continuity of the business going forward.

For all of us who want to start our own business, this is what we summarize some types of SME businesses that are quite promising to go through, even those that can be opened with small capital.

Fashion

Even though its classified as a secondary use for humans, in fact, clothing or fashion can be categorized as primary needs in the current era, it can be seen that not a few of all business beginners choose to fight in the field of fashion.

The fashion business has not a few groups that can be developed into a business. Categories can be divided into three parts, namely Men’s Clothing, Women’s Clothing, and Children’s Clothing. Not to mention can also be classified according to the description of the model sold — Moslem clothing, imported clothing, rest clothing and not a few other kinds.

In matters of capital, doing business in the field of fashion career can be said to require minimal money. With the drop ship system organized by all the major players in the area of Fashion, it makes it easy for business beginners to sell goods without having to issue more money to save stock.

Culinary

Culinary business is a type of business that is not infrequently sold out in any atmosphere. The reason is that food is a basic necessity of human beings that cannot escape the life of all living things. This culinary business also has many categories such as snacks, drinks, and staple foods. All groups in culinary endeavors have the highest potential to reap profits, depending on what techniques are used to market it.

Automotive

Individual transportation has become a necessity for residents in the capital city. It can be seen from the increase of motorbikes and cars that have finished passing each day on the streets until sometimes the traffic jams emerge. Therefore, as a careful person, the automotive sector is also a business opportunity that will continue to grow.

A short example is a workshop for those who like vintage or antique motorbikes. Even though antique motorcycles, its enthusiasts are not too many. Therefore, you can open services to change spare parts and services to make it look better. As a side, you can market motorcycle accessories like lights, seats, and even helmets to increase income from your business.

Education

Most of the developed countries must have an educational system that supports the sake of a nation’s civilization. But in reality, there are not a few means of education that can be enjoyed by a group. The real example is for those who want to explore foreign languages ​​like English, the cost that must be spent is not small. Therefore, for the middle to lower classes, it is still quite challenging to learn the foreign language.

This is where all business beginners can pick up opportunities to develop business in the field of education, such as enforcing language institutions that can be achieved by all circles or course institutions for those who are running the National Examination. Of course, the teaching staff provided must also have skills in the teaching field.

Internet of Things (IOT)

In an era that is as sophisticated as it is now, human life cannot be separate from the internet which has made it easier for all people to live. All information can be easily obtained in the online world.

With the development of technology in the field of communication, business people have tried entrepreneurship in card games. Can you believe that something like card games like agen casino online terpercaya can be fruitful as a business idea, and its a business that makes a considerable revenue? The simplicity that technology creates makes it can be played on smartphones, computers and internet networks. Usually, they offer products or types of games through social networks and also provide bonuses when sharing to their friends.

The article above is some business ideas that you can run if you are still confused in assessing which fields are suitable for you. If there are different fields that we have not included in this article, you can add them in the comments column below.

4 Mind Habit of Facebook Founders that Will Make You Success

Who doesn’t know Mark Zuckerberg? As the founder of Facebook, he is among the very young billionaires in the world. The success is not reached in short periods. Only from the film, The Social Network adapted from the story of his life; you can judge that Zuck came to a problem that was not simple in fostering Facebook. Not to mention the different issues that are not shown in the film.

Well, Facebook’s success is inseparable from Zuckerberg’s thinking. He realized those thoughts in the company he built, starting from managing techniques to quality that must be present in each employee. What are those thoughts, friend Studentpreneur?

Not Just Dreaming, But Working Wholeheartedly

Every success comes from a dream. It is true with Zuckerberg and Facebook. However, Zuckerberg did not stop until that quick goal. When invited as a speaker at the Startup School event held at Stanford, Zuckerberg wrote that you have to do basic things if you want to achieve success. For Zuckerberg, the unique business in fostering Facebook is the operation of the basics of how people live.

Through the event, Zuckerberg also supports all startup owners to explore not a few areas and ensure that the business being explored will bring positive consequences. Explore some possible opportunities before you commit to one thing. Be flexible until you know what you want to do.

Recruiting the Best People

A habit in the company is made from the people or employees recruited. Facebook is known as a company that has a reasonably strict recruitment selection process. That way, they only hire employees who have the right skills. This legacy is also a manifestation of Zuckerberg’s thinking. On Facebook, among the things that become the company’s concentration is to keep the number of employees from going down. It can be done by making sure that each employee you recruit to the company is correctly weighted.

Always Prioritizing the Company’s Mission

In 2015, Zuckerberg once held a Q & A session suddenly passing through his Facebook page. Of the topics discussed, Zuckerberg stated that he “only” drained a time of 50-60 hours each week in the office or meeting. Furthermore, Zuckerberg said that he drained at least a little time by thinking of techniques on how to connect people in the world and spend services for them. Well, the process is more or less done at outside the office space.

Zuckerberg wrote that if you judge an office or meeting room as a place of “real” activity, then he is merely “working” no more than 50-60 hours a week. However, if you count the times Zuckerberg drained to concentrate on company goals, then Zuckerberg did it every day.

Products that will Never been Completed

For Zuckerberg, there are no products that are truly finished. The following is the underlying way of “hacker way” on Facebook. A product aims to connect people using technology, to the extent that Zuckerberg and his team often search for better techniques to realize the business. Zuckerberg always uses passion in making the desired product so that Facebook is still not often relevant, no matter how much the company develops. In making products, Zuckerberg adheres to the simplicity so that Facebook users can share information as smoothly as possible.

That’s the number of thoughts of Facebook founder Mark Zuckerberg, who can help you succeed. Of course, you have some separate ideas related to the technique of achieving success, but there is no harm in learning from Zuckerberg’s thinking to help you make it happen.

10 Tips to Keep Your Entrepreneurial Spirit Above the Line

In this day and age, it seems that there are more and more young entrepreneurs from many types of business lines. These are a relatively significant change in the previous view so that not a few people prefer to be employees or ordinary office workers. Then, we assume that we will start our own business and no longer become employees. Is this possible?

When we go to school and college, maybe we aren’t taught a little more to work on tasks as preparation for your work. Not a few courses that motivate us to become entrepreneurs. Is it possible to start becoming an entrepreneur without certain educational provisions? The answer is possible. As a first step in the world of entrepreneurship, the first thing you need to have is the entrepreneurial spirit. By having an entrepreneurial spirit, you will be more able to start a business that you have established and been more able to survive running the business. Here are the 10 tips to keep your entrepreneurial spirit above the line that you can try:

1. Strengthen Determination and Intention

The first thing you have to do is strengthen your determination and intention. Do not let the willingness to become entrepreneurs solely because of the trend or temporary will. With you increase the determination and intention, later you will be ready to face all the obstacles and trials that you will undoubtedly get around starting a business.

2. Make Specific Targets and Detail Plan for the Future

Targets and plans will make you more ready to build a business. With the existence of targets and plans, you will more easily create business steps that must be followed and more easily measure their performance. This goal and plan will also make you more motivated to uphold an increasingly complex business from time to time.

3. Have a Business Idea

Sharpen your ideas to uphold business. You can’t be an entrepreneur if you don’t have a business idea — no need to go too far to enforce the breakthrough idea. You can start from a business that seems small, but it is your passion and interest. That way, you can have a business that is both unique and exciting for you to do.

4. Measure the Risk that Might Arise

You are not likely to uphold a business that is not measurable, and you do not know the risks. Find out what business risks might be present before you start the business. You can also prepare plan A, plan B and so on to deal with these risks. By measuring your risk first before you start a business, you will have a better countermeasure if the risks arise.

5. Learn from Other People’s Business Stories

To foster an entrepreneurial spirit, you don’t often have to learn from your book or experience. Often other people’s empiricism can be the most valuable exercise to foster an entrepreneurial spirit. Try to read different business success stories of people who can also give you new insights and motivations to establish your own business.

Reading other people’s success stories will help you deal with business phases that others may have felt. This action definitely will help prepare yourself and not surprise you if bad things happen to your business. Also, by reading other people’s success stories, you might pursue successful tips that you don’t necessarily get from reading ordinary books.

6. Grow Optimism

Prepare mentally to face obstacles that you will naturally experience when starting your business later. The main thing is optimism that will keep you confident in continuing your business and reaching your target. Without optimism, you will quickly give up and do not want to extend your business. Of course, this business will frustrate your desire to become an entrepreneur.

Do not let you pessimistic feeling when starting a business. Not merely blocking reaching the target, pessimism will make you phobia facing obstacles and evolution that indeed occur in the business world.

7. Focus

At first, you have a target and a business plan. So, focus on the matter. Do not easily glance at ‘neighboring businesses’ because these matters will make you not concentrate and even disrupt your original plan. With your focus on the target and the initial plan, you will be more efficiently run your step by step plan and not disturb the mind that suddenly comes and deflects your goal.

So, focus on the target and initial plan. Focus does not mean you only do one business that you have planned. Staying there can be wrong in the middle of the road. However, with you concentrating on a destination that you have defined at the beginning, you will be better able to find a solution if there are obstacles in the middle of a business trip. Continue to make continuous improvements to improve the quality of your business and develop it.

8. Follow the Entrepreneurial Study Room

Now there are not a few seminars and study rooms created for all beginners in the business world. This class will be very functional for you to follow. Entrepreneurial courses will also give you tips on growing an entrepreneurial spirit that you might not get in other locations. Here you can ask directly for business practitioners and ask for suggestions to enforce business directly to experts.

9. Grow Courage

When you decide to jump into the world of entrepreneurship, that means you are ready for all the challenges. So, you must have courage as a way to grow your entrepreneurial spirit. Don’t be easily intimidated by a different business or a more successful competitor. Make the company a challenge for you as well as grow your business. By viewing competition as a challenge, you will not be easily afraid and give up. Indeed, with these obstacles, you will be more motivated to fight and develop for the sake of your civilization.

10. Practice Sensitivity to Business Opportunities

Previously it was said that you must concentrate on developing a business that you have established. Not that you don’t accept other people’s input or criticism. However, you must make the criticism and advice as of material for business development, rather than taking it raw to stop the ongoing business and enforce other companies. Practice your sensitivity to pick up criticism and suggestions that you receive as new opportunities that you can apply to your business today. Most importantly, you should not view criticism from different people as a sneer or something that will make you down.

You can apply these 10 tips to grow the entrepreneurial spirit if you want to change direction as an entrepreneur. However, being mentally prepared will be more likely to foster advanced business. Good luck!