Test Create a solid foundation for your business

QUESTION 1: WHAT IS THE PURPOSE OF A BUSINESS WITH A SOLID FOUNDATION?

Becoming a successful entrepreneur is a job that requires a lot of effort, dedication and perseverance
All successful businesses have in their economic structure a well thought-out and solid foundation that allows us to develop content and value for customers
New ventures are launched every day, some destined to succeed and others to fail
But we don't want to waste time and resources on something that won't pay off

A common mistake of anyone who intends to start a business is to want to see results immediately
Entrepreneurship is like a tree, we must first plant the seed

To begin with this first part, it is advisable to have a basic financial support with which we guarantee our sustenance for this period of entrepreneurship
In this process of entrepreneurship, networking is fundamental; it is a procedure that requires patience to be able to see its evolution

In the business plan we include all the organizational details concerning finances such as: budget, expenses, tax payments and income forecast of our investment
Market and competitive analysis are also included in our business plan
A business without a business plan is destined to fail with loss of time and resources
With the business plan we guarantee the value structure that we are going to provide with our service

If we have an entrepreneurial project, it is necessary to have a team that helps us to make it happen and also to sustain it
Teamwork can provide us with a supportive environment for our business to move forward with greater strength
Keep in mind that the structure of your team may vary depending on the type of business you intend to start
Having specialists in our team will facilitate a more detailed and efficient work or market study

The vision is the compass that your company needs to get closer to its objectives
The motivation of our project must be stimulated, and for that there is the vision
Vision is a fundamental value on which the company's plan is based
Surely with the excitement of entrepreneurship we want to cover as many functionalities as possible to be more successful

With our mission, we set out to carry out the actions necessary to achieve our vision
Here we draw up a plan of actions with which we can meet the objectives we are setting ourselves
The mission is shared among the work team to achieve these objectives in a more efficient way and achieve results in the shortest possible time
None of the above

Once we have elaborated all these particularities of our entrepreneurship project, a necessary and intelligent step is to look for financing
The right way to seek financing does not exist; it depends on the extent of our interpersonal relationships
We can seek financing from banks through loans, or we can obtain it through non-institutional channels by means of crowdfunding
In most cases we have good ideas for ourselves but we do not know how to put them into action