{"id":2033,"date":"2018-06-02T22:38:12","date_gmt":"2018-06-02T15:38:12","guid":{"rendered":"http:\/\/khoinghiepthongminh.com\/?p=2033"},"modified":"2024-06-03T15:36:23","modified_gmt":"2024-06-03T15:36:23","slug":"sai-lam-kinh-dien-cua-nguoi-muon-startup-gioi-lam-banh-va-nghi-rang-minh-co-the-mo-hieu-banh","status":"publish","type":"post","link":"https:\/\/taminhtuan.vn\/en\/sai-lam-kinh-dien-cua-nguoi-muon-startup-gioi-lam-banh-va-nghi-rang-minh-co-the-mo-hieu-banh\/","title":{"rendered":"A classic mistake among aspiring startup founders: Being good at baking and thinking you can open a bakery!"},"content":{"rendered":"<p style=\"text-align: justify;\">Expertise alone is not enough to start a business. Isn't this how we often operate? Someone is good at baking and thinks they can open a bakery. Someone is good at sewing, so they leave their company job and open their own sewing workshop. Be careful! That could be a major mistake!<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cafebiz.cafebizcdn.vn\/thumb_w\/600\/2018\/6\/2\/photo1527915659692-1527915659693716175862.jpg\" alt=\"A classic mistake among aspiring startup founders: Being good at baking and thinking you can open a bakery!\" \/><\/p>\n<p style=\"text-align: justify;\">Those are the views of young entrepreneur T\u1ea1 Minh Tu\u1ea5n. Forbes named him among 30 outstanding people under 30. In his view, expertise alone is not enough to start a successful business. Expertise can sometimes confine a founder to their own specialty, preventing them from handling the overall situation comprehensively and leaving them constantly circling around technical issues.<\/p>\n<p style=\"text-align: justify;\"><!--more--><\/p>\n<p style=\"text-align: justify;\">This person also suffers from the problem of thinking \u2018employees cannot do work as well as I do, so I will do it myself; I do not dare delegate.\u2019 The business owner is then not freed, cannot create greater influence or impact, and cannot grow the business's scale. In this case, the entrepreneur does not own the business; the business owns them. So sometimes strong expertise is a double-edged sword.<\/p>\n<p style=\"text-align: justify;\">To start a successful business, you need 3 closely connected pillars, like a \u201cthree-legged stool.\u201d Professional expertise is only one part. Expertise relates to the product. For example, if you open a bakery and have baking expertise, your products are Cupcakes. Or if you open an English center and have a Tesol qualification (a type of certification for English teachers), your products are English training courses.<\/p>\n<p style=\"text-align: justify;\">Expertise here does not mean sales, marketing, or HR expertise\u2026 but knowledge of the company\u2019s business sector, such as real estate, education, or healthcare\u2026 You need to understand it, or have a trade yourself and have worked in that field for many years.<\/p>\n<p style=\"text-align: justify;\"><b><span style=\"color: #660000;\">A three-legged foundation for startup success<\/span><\/b><\/p>\n<p style=\"text-align: justify;\">Many people believe expertise alone is enough to start a business. This is a serious mistake when they overlook the following two factors:<\/p>\n<p style=\"text-align: justify;\"><b>First is leadership ability<\/b>. What T\u1ea1 Minh Tu\u1ea5n means also includes the capacity to run a business. Returning to the bakery example above, if you have only technical expertise, you will personally make delicious cakes. Understanding the product is an advantage. But without leadership ability, from the day you open the business through many years afterward, you will still be the only one baking.<\/p>\n<p style=\"text-align: justify;\">This means the business is very small because it depends entirely on you. Indeed, you can bake as long as you are healthy; if you fall ill, your business will stop along with you. To become more successful, you clearly need to build and standardize an entire business system and know how to control that system.<\/p>\n<p style=\"text-align: justify;\">You also need to know how to attract many people to work with you and awaken their latent abilities so that they give their all and realize their full potential while working with you. You will then train and develop them. Your business will have not just you as its baker, but 10-20-30 bakers like you. When you manage well, the system will grow, and you will have many bakeries and branches. Even if you take a break for a while, your business will still run smoothly. That is leadership and management capability.<\/p>\n<div style=\"text-align: justify;\">\n<div><img decoding=\"async\" id=\"img_ae8e5ec0-6621-11e8-8415-1b0b615421fc\" class=\"aligncenter\" title=\"A classic mistake among aspiring startup founders: Being good at baking and thinking you can open a bakery! - Image 1.\" src=\"https:\/\/cafebiz.cafebizcdn.vn\/2018\/6\/2\/photo1526376805851-1526376805851189017710-15279155572311630476170.png\" alt=\"A classic mistake among aspiring startup founders: Being good at baking and thinking you can open a bakery! - Image 1.\" width=\"\" height=\"\" data-original=\"https:\/\/cafebiz.cafebizcdn.vn\/2018\/6\/2\/photo1526376805851-1526376805851189017710-15279155572311630476170.png\" \/><\/div>\n<div><\/div>\n<\/div>\n<p style=\"text-align: justify;\"><b>Second, you must also have business capability\u2014specifically, the ability to acquire customers.<\/b>\u00a0Because in business, everything begins with customers. A business does not die because it lacks the best product in the world. It dies because it lacks enough customers. You need to know how to sell, market, care for customers, and execute your strategy, tactics, and action plan. Manage finances well to carry out those activities and acquire customers. In a business, the person paying employees' salaries is neither the boss nor the shareholders; ultimately, it is the customer. So, as Sam Walton, Walmart's founder, said, \u201cthe customer is your real boss.\u201d<\/p>\n<p style=\"text-align: justify;\">Returning to the three essential entrepreneurial capabilities, they are closely connected. Product capability ensures quality and makes selling easier. Business capability brings the product to more people. Leadership capability develops the team that carries out product and business tasks, thereby increasing the scale of the company\u2019s success. This is the \u2018three-legged support\u2019 of successful entrepreneurship.<\/p>\n<p style=\"text-align: justify;\"><b>According to T\u1ea1 Minh Tu\u1ea5n, one person may struggle to possess all three capabilities. You can therefore seek companions as Co-Founders<\/b>. In his experience, a business needs 3 important people.<\/p>\n<p style=\"text-align: justify;\">First is a person responsible for the product. This person devotes 100% of their mind to one thing: how to create a truly high-quality product. If the product is not good, how is pouring money into marketing and advertising any different from pouring money into a bottomless funnel?<\/p>\n<p style=\"text-align: justify;\">In business, a product reflects the entrepreneur's heart. Someone with dishonest intentions will pick up a stone from the roadside, take it home and polish it smooth, advertise it as a meteorite from space, and sell it for millions of dollars.<\/p>\n<p style=\"text-align: justify;\">Next is someone responsible for customers. This person devotes 100% of their energy to one task: how to bring the product above to as many customers as possible, with as many users as possible.<\/p>\n<p style=\"text-align: justify;\">However, the person responsible for the product and the person responsible for customers may often disagree and conflict. So the team needs a true leader to maintain balance.<\/p>\n<p style=\"text-align: justify;\">* This article draws on the book Before Dawn There Is Always Darkness- T\u1ea1 Minh Tu\u1ea5n.<\/p>\n<p style=\"text-align: justify;\">Original article on Cafebiz:\u00a0<a href=\"http:\/\/cafebiz.vn\/sai-lam-kinh-dien-cua-nguoi-muon-startup-gioi-lam-banh-va-nghi-rang-minh-co-the-mo-hieu-banh-20180602120137299.chn\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/cafebiz.vn\/sai-lam-kinh-dien-cua-nguoi-muon-startup-gioi-lam-banh-va-nghi-rang-minh-co-the-mo-hieu-banh-20180602120137299.chn<\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/yup.edu.vn\/article\/\">&gt;&gt; Great Articles on Entrepreneurship<\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/yup.edu.vn\/x-startup\/\">&gt;&gt; Business Startup Course<\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/yup.edu.vn\/kich-hoat-nang-luong-thanh-cong\/\">&gt;&gt; Success Energy Activation Course<\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/yup.edu.vn\/ceo-coach-chuong-trinh-tu-van-kinh-doanh\/\">&gt;&gt; Business Consulting Program<\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/yup.edu.vn\/x-startup\/\">&gt;&gt; LEARN TO START A BUSINESS<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>\u0110\u1ec3 kh\u1edfi nghi\u1ec7p, ch\u1ec9 chuy\u00ean m\u00f4n th\u00f4i l\u00e0 ch\u01b0a \u0111\u1ee7. C\u00f3 ph\u1ea3i ch\u00fang ta v\u1eabn th\u01b0\u1eddng v\u1eadn h\u00e0nh m\u1ecdi vi\u1ec7c nh\u01b0 v\u1eady kh\u00f4ng? M\u1ed9t ng\u01b0\u1eddi gi\u1ecfi l\u00e0m b\u00e1nh, v\u00e0 ng\u01b0\u1eddi \u0111\u00f3 ngh\u0129 r\u1eb1ng m\u00ecnh c\u00f3 th\u1ec3 m\u1edf hi\u1ec7u b\u00e1nh? M\u1ed9t ng\u01b0\u1eddi gi\u1ecfi may v\u00e1, th\u1ebf l\u00e0 ng\u01b0\u1eddi \u0111\u00f3 ngh\u1ec9 vi\u1ec7c c\u00f4ng ty v\u00e0 m\u1edf x\u01b0\u1edfng [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":11075,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[105,109],"tags":[],"class_list":["post-2033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-khoi-nghiep-thong-minh-kinh-doanh-thong-minh","category-nghe-thuat-lanh-dao-quan-tri-hieu-qua"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>A classic mistake among aspiring startup founders: Being good at baking and thinking you can open a bakery! - T\u1ea1 Minh Tu\u1ea5n<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taminhtuan.vn\/en\/sai-lam-kinh-dien-cua-nguoi-muon-startup-gioi-lam-banh-va-nghi-rang-minh-co-the-mo-hieu-banh\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A classic mistake among aspiring startup founders: Being good at baking and thinking you can open a bakery! - T\u1ea1 Minh Tu\u1ea5n\" \/>\n<meta property=\"og:description\" content=\"Expertise alone is not enough to start a business. 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Isn't this how we often operate? Someone is good at baking and thinks they can open a bakery. 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