A human mind is a beautiful mind having a lot of ideas, having ability to innovate, design, manipulate and mold things.. With that idea only an entrepreneur can rise and spread his roots in the business world..
Setting up a new industry is not an easy task, it involves a lot of risk and patience.. As MBA students use to study Financial Management “Higher the risk, higher the profit” but they also said that “if your ship will sink then u have to bear that much higher loss also”.. So there are both phases that an entrepreneur use to face positive as well as negative side of the work..
Its is not an easy task to start a new company for anyone specially for those who may not born with the golden spoon in their mouth.
Any business or new startup requires an idea, capital, patience, and hard work. If we talk about the idea, it should be chosen as per the market demand because putting a product having no market demand may definitely sink your ship as you put a lot of investment on that and market is not interested to buy that so always try to play the smart game.. Talking about the capital, no invester likes to put investment from his own, he has to lend some amount from the market also to run his business, ratio matters a lot that how much he would like to invest from ourself and how much he is lending..
All these things matters a lot to start a new firm, the only difference is how much you are creative to do that..
