It is common to see lots of I tension to establish their own businesses. They keep perambulating on the idea without taken concrete steps on the way forward. They have different kinds of businesses in their mission. It is not at all times lack of skills or resources that is delay them. Some of them are scared to establish as a result of excitement over failure. They don't want to be mocked by their relatives over this.
Why some people feared to establish their own businesses.
- Thread starter hastral45
- Start date
Establishing a business involves risks. You need to put in money, time and effort to start and run a business. There is no guarantee of success. Some people may not have enough capital or just afraid of failure and prefer to work for a company to earn a stable income.
A huge number of people are afraid of establishing their own kind of business.
Some people are just too afraid of investing their money and starting up a new business project because they believe that it is not within their capacities to run that kind of business into becoming successful.
- Thread starter
- #7
The major problem of pessimistic fellow is that he does not see power of encouragement in him. The will to succeed is far away from him. He would rather prefer to stay in his comfort zone.
That is a major reason so many people don't succeed. They always stay in their comfort zone and expect themselves to be successful which is not usually so.
You are right. It is best to provide the business capital than borrowing money from the banks. I also like this idea because it is not a good thing to start a business with loans.
- Thread starter
- #14
It is not good to start a business with a loan. Especially if you have not done that business before. It is too risky and carry too much anxiety. If you have to start a business, ensure to do it from your personal money. This could be in forms of savings, grants and donations but not loans borrowed from banks or thrift collectors.
I am glad that you are agreeing with my notion about this idea. It cannot be denied that it is not good thing to have loans before having the business. It is not a good start to businesses, either small or big.
Some people has actually started a business and ended up failing and that has become a major psychological problem for them to start or any other new businesses.
- Thread starter
- #19
That is why we said many failed to execute their dream projects because they have learnt their lesson from those who had failed. It is this episode that causes fear of unknown for some to establish their project.
However, this should not have been capitalized upon. The fact that someone else failed do not mean you are going to fail as well.
There's a lot of risk involved in establishing a business and that is why so many people do not want to take that risk.
