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Becoming an Entrepreneur

 One of the things that stuck with me was reading about the fact that too much analysis and planning can make us lose business opportunities. Some of the most successful companies were created without much reflection or checklists. Even though it is important to weight the market to decide if an idea have high potential or not, entrepreneurs should avoid investing lots of their time doing research because, by the moment they finish it, the business opportunity may not exist. Moreover, when we want to launch a venture, we cannot expect to answer all of the questions before acting. Instead, we use judgment, reflection, strategy, and the ability to quickly change the course if our initial idea does not work as expected. For instance, if we do not get good results, we do not receive orders, or a product does not work as we thought it would do. Listening to our potential customers is paramount to refine our idea and to adapt it to satisfy their needs. Besides, we can receive rapport and support from them and broaden our knowledge of our target market at the same time.

To sum up, entrepreneurs must plan and analyze their course of action strategically, but not become stuck on these stages. Instead, they should use strategy along the path, be flexible and ready to change when an idea does not work and be willing to persevere and recognize their mistakes when something goes wrong. On the other hand, testing and listening to customers’ feedback will provide the needed data to make timely decisions before investing too much money and lose it later. Nevertheless, those whose succeed have the courage to try and take risks, even knowing they can fail. They are capable to stand up and press forward, reworking their concepts or working on new opportunities which were out of their plans

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