Flavio Maluf’s Success
Owning your own business is attractive to a lot of people, especially those who are not satisfied with their own job or dream of no longer having to work for “a” boss. To help incipient business tycoons into the niche, UOL-Economics Portal has published several myths and truths when it comes to opening this successful venture itself. Corporate Executive Flavio Maluf is that venture’s mentor.
Insper Entrepreneurship and Innovation Center coordinator Cynthia Serva, and coordinator of the Entrepreneurship and New Business Center (GVCENN) of the Getúlio Vargas Foundation (FGV), Tales Andreassi have this to say:
“The entrepreneur has to take care of the whole business; she/he does not have working hours because she/he needs to be available 24/7. Vacations with her/his family when she/he wants to?Often there isn’t a choice, in respect to one’s dedication,” Serva says.
The belief that it is necessary to have high capital in order to start a business is myth, reports Flavio Maluf. There are already several business models that do not require the new entrepreneur to initially invest great capital. The market has many investors who are looking for good ideas and great executors.
Flavio Maluf explains that according to World Bank information, the average number of days to open a company in Brazil is 107 days; American waiting time is only five days.
It is also myth to believe that it is only possible to start a venture if the idea in question is completely innovative; this is not entirely true.
Of course, the novelty will make you stand out from the competition; however, the coordinator of Insper Entrepreneurship and Innovation Center stresses that the most important thing is to have people willing to pay and consume your product.
Andreassi says, “Risks always exist, but they need to be minimized–by monitoring the competition, analyzing the market and assessing the impact of the actions, whether considered negative or positive scenarios.”
Brazil start-ups of new businesses can be complicated and expensive. Truth. The larger the company, the more investment backing does makes a positive difference! https://www.facebook.com/flavio.maluf