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Writer's pictureAlaaEddin Albarghoth

Foundations of Entrepreneurship



In Entrepreneurship, the main thing for success is a dependency on God. He who does not depend on the King of this world from which everything derives (livelihood, health, trust, strength, relationships, etc.) cannot attain real and great success.


The idea

Though from others (thinking outside the box), that is to bring another fund and stand on it… The evolution of what others have finished.


Good design of the idea and Goals

Building the idea correctly and properly helps you to return and modify. And setting goals here always keeps your mind on the priorities you have to implement, because you are tied to this and the end of the year, it must be achieved, and all your choices must be to achieve these goals, It is also useful to establish periodic meetings to discuss the feasibility of the same objectives if new variables arise.


Choose the right staff

The team believes in the same goal or your steps.


Provide service to the customer (it works).


Always respond to customer inquiries.


Powerful TOS formulation protects you from a stupid customer.Make a contract by a professional lawyer.


Determine the appropriate price aftermarket study.

Advertising here and there with a well thought out budget, and a cash counter.


Now the biggest mistake is being made in an emerging project … any project that has not been completed for 5 years, Is to feel that you win and win and decide to raise the price, This is what destroys your project. Directly — your customers will look for an alternative to the service and will leave you even after the price has returned to what it was, so you do not have to raise your price. And If you want to raise the price. Make another project with a different name and set another price.


Think of DIY mentality, or can be called here: back integration. Consider the mentality of the CEO, who is interested in accomplishing the lucrative mission and keeping the company’s goals on schedule, rather than allocating times and resources to build something from scratch. If the profit model is successful and generates money, why not use the money in Others ready-made tools? (DIY) Back integration is useful if it will save you time, effort and money to focus on the core of your product.


Beware of neglecting accurate calculations of money movement.

Beware of laziness in extracting work data

I mean here sales data, customer return rates, customer recommendations, study our behavior between business hours and increase or decrease in company revenue, rate of sale of specific products to see what customers are focused on, what generates the biggest profit, and what takes time with the customer but not The profit is justified by that time with the customer, etc. Fix this problem with the tools you would prefer to have from the start.


Meetings, meetings, meetings

At the beginning of the company, where only the founders, who have work and other than that small seed, are difficult to gather on a daily or weekly meeting to discuss sales movement or customer problems or develop business methods, or even discover and solve problems, they may They were originally exhausted after work to spend some time in the company, the time they cut from their families and their children. But make sure that the periodic meetings and when needed represent the focus lenses that return the rays of light to parallel packages after dispersing time after time, to keep the company’s goals in view. The delay of meetings delays many decisions.

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