There are many reasons why starting your own business is a great idea, but there are also many reasons that may be stopping you from making the plunge from being a full-time employee to being your own boss.
Here are a few of those reasons why you shouldn’t start up your own business, but more importantly, why these reasons aren’t actually real.
If the startup business fails, you’ll lose everything
The reason most people who dream of starting their own business never actually do it is because they’re scared of failure. They’re scared of leaving their jobs only to waste all their money and time because their business fails, leaving their lives destroyed.
While it’s true that many startup businesses fail, and running a startup business does take a lot of time, money, and hard work, every business has to take calculated risks on its way to success.
And even if the business does fail, you’ll have learnt plenty of new skills and experienced many new things, which will look great on your CV if it comes to looking for a new job.
You don’t have the experience, and you’re not good enough
Everybody, whether they’re an entrepreneur or not, faces times when they think they’re not good enough, and times when think they don’t have enough experience.
Well, all the most successful business owners had to start from a position of little experience, but they just jumped straight in, with some self-belief, and learnt as they went along.
And you think you’re not good enough to run your own business? All you need is some creativity, hard work, and a willingness to learn. Running a business is something anybody can do if they put in the hard work.
You don’t have enough money or resources
Nobody ever has enough money. Even multi-billionaires strive to make more and more money. Startup businesses especially never have enough money. But the good ones make do, whether that’s by working on the smallest budget possible, or even looking to crowdfunding to source money.
And if you’re just starting out in the world of business, it’s easy to meet the people you need for your own company, whether it be employees with certain skills or talents, or you need a mentor to show you the ropes. There are plenty of business networking events around you where you can meet new people.
Your idea for a business startup is not good enough
The initial idea, when written on paper, rarely shows much resemblance to the business when it’s actually being run.
You should look carefully at every aspect of you original business plan, changing any details that need to be changed until you have a viable business, one that is practical to run and one which will make money. By the time you’ve done all of this work, your idea should go from looking stupid to one which you can see as being a good business in the future.
Running a startup business is too hard
Yes, running a startup business is hard. If it wasn’t, everybody would be doing it, and then no business would have anybody to employee.
But as to whether it’s too hard depends on your attitude. You’ll face plenty of challenges, especially in your first year. But these challenges can also be exciting, offering chances for you to overcome them and help you grow as a person. Even if the business doesn’t succeed, the self-improvement you’ll go through will help you in every area of your life.