How to avoid failure as an entrepreneur
Dr. Moinis Shujaa
The <a style="color: #800000;" href="https://amlak.net.Many entrepreneurial projects often fail within the first three years, as studies indicate that about 50% of entrepreneurial projects fail within the first year, while about 80 to 90% graduate from pioneering projects from the market within the first three years!
To understand these reasons, it is necessary to know that there are two aspects of the entrepreneurial project and both of them are very important, which are the personality of the entrepreneur and the nature of the project and the study of its realistic feasibility in most of the reasons revolve around them, and perhaps the main cornerstone is the personality of the entrepreneur, establishing a professional work team, in addition to having capital." There are also several experimental tests that help the entrepreneur to determine his eligibility to engage in the entrepreneurial experience, perhaps the most famous is the BBC test for entrepreneurs on the radio website and there are several free sites that can be searched and try the test and benefit from it.
As for the entrepreneurial idea that the entrepreneur is betting on, it is often a product or commodity, but the feasibility study must be based on facts and a representative segment of the target audience and not only theoretical, and university researchers have identified after an extensive study the most important reasons for the failure of entrepreneurial projects:
Real Estate Finance and Performance Specialist @MounesShujaa How to avoid failure as an entrepreneur
