The Top Three Reasons Many Entrepreneurs Don’t Start Up

Written by Chloe Harwood

There aren’t many people who wouldn’t love to start a business. Few other paths in life are more satisfying. Imagine doing something you love every day, and seeing your ideas meet with success. Of course, the concept remains a distant dream for many people. Such individuals don’t consider it as anything more than a passing fancy.

For some of us, though, the desire goes deeper, and we still don’t pursue it. You may have a burning urge to go it alone or even an idea of how you would do it. But still, you stick to your day job.

Such individuals work in offices across the country. It’s a sad state of affairs. If you want to do your own thing, then nothing should stand in your way. And, in truth, nothing does. But, there are some recurring fears which haunt anyone starting out. The only difference between those who make it, and those who don’t try, is their approach. Because no obstacles are too large to get over if you know how.

If your idea keeps burning in the back of your mind, it might be time to take a leap. To help give you courage, we’re going to look at a few ways over the most recurring obstacles.

#1 Lack Of Funds

Lack of funds is, by far, the main reason many of us fail to follow our dreams. For most of us, living from paycheck to paycheck means we could never set aside enough money.

In truth, there’s no way around the fact that start-ups cost. Though, they cost less than you think. If you’re clever and keep things modest, you could get going with less than $1500. All you need are materials, and enough to buy yourself a domain. Then, you can get selling.

To give yourself that initial boost, turn to a company like Capital Alliance, who specialize in small business loans. You may be reluctant to start in debt, but if you keep the amount modest, you should have no trouble seeing a return.

#2 Gap In Knowledge

Another reason many people put off trying is a lack of knowledge. You have a good idea, but, does that mean you can run a business? Perhaps not. But, what you don’t know, you learn. Attending courses on management is a fantastic starting point.

Other than that, you’ll learn as you go. At the start, it’ll be you and a small customer base. That leaves you time to grow as your business does.

#3 Fear of failure

Let’s be honest; the most daunting thing about following your dreams is failure. What happens if you give it your all, and it doesn’t work?

It is, of course, a possibility. But, if you let that stop you trying, you’ve failed already. It may seem like a cliche, but if you give it your best shot, you’re already a winner. And, trying it once puts you on the right footing for trying again when you have your next idea!  

About the author

Chloe Harwood