7 Factors of Success
The main characteristic of a businessman, is smart in finding the opportunities and capabilities in capturing the opportunity. An entrepreneur is a person who value independence above everything. They are, the loop responsible for herself.
If your main goal is money, then you are not an entrepreneur. For, the more money you are considering then you will be more careful in making a decision while the entrepreneur are required to take the risk.
Therefore, the most important to be a leader, there is a great determination and dare to take risks. Once you take the risk, you will learn to know how to solve problems and find solutions that can boost your potential
According to Darwin, there are 7 important factors to be considered by the new company, to grow and develop in a long period of time, namely:
1. Strategic Intent
unity of vision and mission, which reflects the main goal and aspiration of the
entrepreneurs. The companies that are successful is able to translate the vision
and mission in the practice of effective management. That is, between the
company and management have the same language and so avoid decisions that are
inconsistent and contradictory. A company that was established with the objective
of producing long-term benefits or add new market requires clear commitment
from all shareholder funds to provide large enough, in enough time in the market.
2. decision maker
the ability of a businessman, in taking important decisions quickly and have the right value, which can be given priority for the new company.
3. Funding
Difficult for new companies to request additional capital from investors. additional capital for the new company will invite questions from investors. Therefore, it is important for company leaders to make a financial management plan that takes into account the cashflow projection and consider the crisis in the company.
4. Create a business plan clearly
The business plan is a formal description of the vision and mission, and the plan
target of the business. Planning of this business, will appear projection
assumptions for the development and running a business and the factors external
and internal influence.
5. Management Team
Capability and experience are the two main elements in a solid and reliable management team, has the similarity of vision and objectives so that the determination of strategies and policies the company can run optimally.
6. Execution
A business plan, will have a value if the business is run. When a business is run, you’ll see the quality. However, as well as any reality and a plan of your business, if not followed by the execution there will not be any results.
7. Timing
Is the ability to consider a good time to enter new businesses. Will not have the benefit of investment spending, when in fact the business you manage, too late to sell.