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Welcome to the Entrepreneurship Forum

Welcome to the JAAGNet Community for Entrepreneurship Forum.

“Entrepreneurship” is the act of creating and building a business, often a small business, with the aim of eventually turning it into a profitable venture, be it a brick-and mortar business, tech startup or launching a new product or service. It’s about building on your dreams and leading them in the direction you desire, being your own boss with no restricting time schedules but to be successful it requires dedication, hard work, long hours and countless sleepless nights.  Unfortunately, even with all of the above it can still be a treacherous venture and sadly many start-up businesses fail for various reasons, e.g. lack of capital, market demand, poor management decisions, economic slow downs, to name a few.

The people who create these businesses are called Entrepeneurs they are usually seen as innovators, sources of fresh ideas, goods, services, and business/or procedures, they need to be willing to go on a daring adventure unsure of the final destination.

Platinum Level Contributor

A lot of additional issues (and benefits) can occur if you work with Famiy and/or friends:

  1. Personal relationships and interactions are no longer seperate from decisions being made from a businss perspective. 
  2. Objectivity may be lost.
  3. Loyalty and work ethic increases due  to the community feel!
  4. People in roles that they are not experinced to hol and preventing a more appropriate person from being in that role.
  5. Many more..  

The following article helps provide tips if you endup working with family and/or friends:

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6 Tips For Working With Family And Friends

 

 

 

 

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Turning an idea into a valuable solution that makes a difference is a feeling that is worth every sleepless night, but how many of those nights are you willing to take before calling it a night? These five tips will help you build your startup with more clarity. GETTY

 

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