After losing a few million, I understand why many people fail to start a business

I am a post-90s, graduate student, majoring in finance. After graduation, I studied at the headquarters of a financial institution for the first 2 years. I remember that the market was very active in 2015, and the common people used it. I have money here. I see that many friends have made a lot of money from starting a business, but I just graduated at that time and I think I should wait. At the end of 2017, by chance, I saw that the blockchain was very popular. At that time, Bitcoin was priced at one price a day and kept going up. Many people were crazy. Even Mr. Xu Xiaoping was crazy. Tell the company he invested in. To quickly embrace the blockchain, the blockchain will change the world, and I am also moved. After researching, I chatted with a friend and then we started a business.

Because I didn’t do anything by myself before, but because of my special job, I had contact with many bosses, and I felt that it was very easy to start a business, so I started in a daze. At the beginning, I was very excited. I feel that I am going to make a fortune, and I am very energetic every day. At the beginning, we bought the blockchain trading platform. At the beginning, we did well. In fact, we can make a lot of money every day. I think it is really easy to start a company.

But slowly, the market is falling rapidly, the market is getting worse day by day, the traffic on the trading platform is also getting less and less, the market trading mode is constantly changing, and the initial mode cannot be played at all. We wanted to develop the system by ourselves, and then we found a lot of programmers. The monthly expenses were very large. At the same time, the difficulty of system development was beyond our imagination. The progress of the system has been delayed, and programmers’ salaries are indeed high. 1-2 years of programmers, but our system needs more than 5-10 years of experience to develop, and the salary requirements for such people are very high, 50,000+, waiting for the entire development team to complete, the development team every month Expenses all start at 200,000. This does not include other post wages, but at least 300,000 or more. Although I made some money in the front, I quickly invested in it.

Because it is a financial trading system, the requirements are very high, the difficulty and time of development are beyond our imagination, the system always has bugs, the programmers can't solve it at all, the time is delayed day by day, and what is more terrible is The market is getting worse and worse, and the market view has changed from a blockchain revolution to a blockchain liar. Everyone starts to think that the blockchain is cutting leeks, which is a lie, and it is really worse.

The pressure is very high. On the one hand, it is internal expenses. On the other hand, it is the market's view of the practitioners. I have never thought that things are so difficult to do before, and the general team is peaceful when things go well, but encounters problems. After that, there was a disagreement, and in the end, they always quarreled with other founders due to different development directions.

The progress of the project is slow and the money is about to burn out. The market industry is getting worse every day. Then there are serious disagreements within the team. I feel exhausted and can’t do it anymore. At first I was the general manager and the team’s finances. It was managed by another entrepreneur, and slowly I was emptied later, and I didn't count the expenses.

Finally the system is online, but the market is no longer good, the market is terrible, and my mood is extremely heavy. At this time, the company has run out of money, and the market is difficult to do. The emotions among the founders are also It's very bad, and I get confused at every turn.

After 2 months, the expenses are getting bigger and bigger, but the platform has not improved. I finally can't hold it. I said I quit. After discussion, I quit, and other partners continue to operate.

After this venture, I learned 3 points:

First, you must take advantage of the trend whenever you do it, and enter when the industry is on the rise. If the industry goes down, no matter how strong the ability is, it’s no use And most of us are ordinary people, and the money we earn is actually provided by the development of the industry, and it is not too much related to personal ability.

Secondly, things often don’t develop as we expected. We didn’t raise funds from others at the beginning, we thought we could do it ourselves, and thought things very well. If we started in a good market, we would not be so greedy to give up. Part of the equity will bring more money back from the market, and you will have a much better life, so you must think of the worst results when doing things.

Third, when the wind is smooth, everyone is easy to say, but once things are not as expected, team conflicts may intensify, evenHow to deal with this is a university question.