When it comes to entrepreneurship among college students, there is often a stereotype: young people are energetic and innovative, and their projects are often full of potential. But the reality may not always be so rosy. Some college students end up on the side of failure due to lack of practical experience and overconfidence.
Recently, on a social media platform, I saw a case of a college student who failed to start a business. The protagonist in this case is a senior who owns a small restaurant on campus. At first glance, he seems to be the kind of young talent who can single-handedly take control of the business. However, after less than a year of operation, he faced a huge debt - a loss of up to 500,000.
At first, his restaurant business seemed to be doing well, with a steady stream of customers. But as time went on, he lacked management experience and overestimated the market demand, and his business began to decline. Unfortunately, even with the heavy losses, he is still full of confidence. It is said that in order to maintain the business, his parents had to sell their property located in the countryside. But even in the face of the loss of his family's wealth, he still thinks that with another injection of money, the business can get back on track.
There are a few key points we can extract from this story:
The education and praise received on campus may give some college students an unrealistic sense of self-confidence. They think they can easily succeed in the mall, ignoring the fact that seasoned merchants are successful because of their years of experience and market insight.
The love of parents is often unconditional, and they are willing to do whatever it takes to achieve their children's dreams. But in this story, we see that this support can sometimes turn into a burden. The unconditional support of the family deprived the college student of the ability to assess the risk, which eventually led to the family's difficulties.
In the process of starting a business, it is very important to learn risk management. The college student apparently didn't realize the importance of timely stop-loss. He continued to invest in the hope of turning things around, but it ended up leading to bigger losses.
In the comment section, I would like to hear your opinions: What do you think is the root cause of this college student's entrepreneurial failure? Do you have similar experiences or experiences? Or, do you have any advice for students who are about to embark on or are already on the path of entrepreneurship? Feel free to share your stories and insights.