2
10 Comments

Entrep Idea

I am an undergraduate student from the University of Adelaide and I want to know more about entrepreneurs. Can you answer some of my questions?How to define an entrepreneur? What is the role of entrepreneurs in today's society? What problems did you encounter when you started your business and how to solve these problems?

on April 9, 2021
  1. 1

    Hi! I recently started my first project and the main problem I encounter is to find technical co-founder. My friends who work in tech are not interested in doing side-projects as they are satisfied with the salary they earn. Hasn't figured out how to solve it yet:))

  2. 1

    You must keep up with industry changes and trends when you first start a business. If you do not follow the trend, then you will lose competition in the market.

  3. 1

    When I first started a business, I encountered a lot of troubles. One of the biggest troubles is that there is a lot of competitive pressure. My solution is innovation.

  4. 1

    When I first started my business, I didn't choose the right business location, which resulted in almost no customers. After that, I re-selected my business location and slowly improved.

  5. 1

    Entrepreneur is a person who sets up a business or businesses, taking on financial risks in the hope of profit. The difficulty I encountered at the beginning of my business was the problem of funding. I don't have enough funds to start a lot of business, it is difficult in the early stage.

    1. 1

      How did you solve the problem

      1. 1

        I applied to the bank for a loan

  6. 1

    The key point. Entrepreneurship is important because it has the ability to improve living standards and create wealth, not only for entrepreneurs but also for related companies. Entrepreneurs also promote change through innovation, and new products and improved products can develop new markets. When I started my business, I couldn't recruit the right people, which resulted in the company's inability to develop quickly.

    1. 1

      How did you solve the problem

      1. 1

        I raised the bar for recruiting and raised the salary and benefits package.