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Returning home to start a business requires not only the courage to dare to fight, but also the know-how to fight smart

Industry News By Sophie Bennett 0 views
It is undeniable that migrant workers who return home to start businesses, after years of hard work and tempering, have mostly accumulated a certain amount of capital, learned the necessary skills, grasped some market information, and met the conditions for starting a business. Add to that the passion and perseverance of the new generation of migrant workers, who are more adventurous and entrepreneurial than

It is undeniable that migrant workers who return home to start businesses, after years of hard work and tempering, have mostly accumulated a certain amount of capital, learned the necessary skills, grasped some market information, and met the conditions for starting a business. Add to that the passion and perseverance of the new generation of migrant workers, who are more adventurous and entrepreneurial than their fathers' generation, and their demands for realizing personal value are also stronger. Earning a wage to support a family is no longer their simple life goal. What they want more is to change their identity - from "wage earners" to "entrepreneurs", and even to lead a whole community of fellow villagers to prosperity. In particular, some exemplars who, after achieving some success elsewhere, gave up high salaries and resolutely returned home to start businesses and repay the folks back home are truly inspiring.

But we must also see that migrant workers returning home to start businesses must not be too blind. Some entrepreneurs are eager for quick success, using decades of savings to follow the trend and set up small processing plants, engage in planting and breeding, open shops, and so on. As the number of entrepreneurs increases, the phenomenon of entrepreneurial homogenization has emerged. The market in certain fields is already saturated. Add to that factors such as migrant workers' limited knowledge and skills, their relatively insufficient ability to discover and grasp opportunities, and their limited funds available for investment, all of which greatly increase the cost and risk of starting a business. In some places, the success rate of migrant workers returning home to start businesses is relatively low. Quite a few returning migrant workers, after their initial boundless passion, find themselves in the awkward position of being caught in a dilemma, and some even lose all their capital or end up heavily in debt. A closer look at the reasons shows that it is mainly due to a lack of rational thinking when starting a business, making decisions arbitrarily, blindly following trends, "looking up at the stars" too much, and not being down-to-earth enough.

Returning home to start a business is not an easy thing. For individual entrepreneurs, having only passion without enough rationality will inevitably lead to "stumbling". One must "dare to fight" and even more "know how to fight" in order to win. In returning home to start a business, migrant workers must pay attention to the following aspects:

Do not aim too high. When your understanding of the industry and experience are insufficient, do not enter projects that require too much investment. Small investments can also build big undertakings, and the advantage of small investment is low risk. Even if you fail, there will still be a chance to make a comeback. Seek progress while maintaining stability and develop step by step.

Do not have lofty aims but low hands. Avoid entering industries that large enterprises and big capital have entered. Novice entrepreneurs often lack experience, have weak risk resistance, and have no advantage in funds. Be down-to-earth and start small. Do not have the fault of having lofty aims but low hands.

Absolutely avoid being eager for quick success and instant benefits. Do not focus only on short-term returns. For a person with no experience at all, wanting to obtain very large returns in a short time is unlikely. Do things solidly. Even if you are not making money for the time being, you can still continue calmly.

You must learn modestly and think rationally. In the information age, there are many new things. Only by strengthening learning can you grasp the initiative. While learning from others' experience, you must be able to comprehend the key to their entrepreneurial success. Rational thinking and modest learning are extremely important for entrepreneurship.

For relevant government departments, they should clearly grasp the foundation of returning-home farmers' entrepreneurship, follow up with service guarantee measures, actively guide their entrepreneurial psychology, create a favorable entrepreneurial environment, further shape their entrepreneurial spirit, and strengthen their internal drive for entrepreneurship. At the same time, it is also necessary to provide good hardware facilities for returning migrant workers. Especially in rural areas where the basic conditions for entrepreneurship are inherently weak, government departments should give assistance in aspects such as land use, transportation and logistics systems, financial credit systems, supply and demand information, and the labor market. On the basis of helping entrepreneurs accurately position themselves and providing them with training in management and other skills, government departments should guide them according to the situation and pave the way and build bridges for them, so that they can start businesses and succeed in them.

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