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There are so many people in the world who have these great business ideas and have every intention in the world to turn their business idea into reality. Unfortunately, the majority of those people get stuck in the “dream” phase. So the real question is, why are people getting stuck in there? And more importantly, what’s the motivation behind people’s aspiration to start their own business?
For some people, they want to start their own business because they’re tired of the monotonous routine of working a 9 to 5. That’s not saying that working a regular schedule is this terrible thing… In fact, the stability that comes with a 9 to 5 is the very thing that people appreciate most about jobs with a regular schedule. But for some people, it’s too routine (among other reasons).
Nonetheless, some people just work better alone and there’s nothing wrong with that either. It doesn’t mean that they’re selfish or not a team player… it just means that they work better alone; simple as that.
So, if that’s the motivation behind people’s dreams to become an entrepreneur, why haven’t they taken action and actually become entrepreneurs? Why is it that we self-sabotage our own dreams and aspirations?
Well, the reasons vary from person to person, but at the core, it has everything to do with our mindset and how we deal with our own insecurities in starting our entrepreneurial journey. Some of the world’s most successful entrepreneurs didn’t finish high school or college, yet they’re some of the wealthiest people in the world, despite their background.
Do you know why that is? It’s because they didn’t let any obstacles stop them or make excuses to stop them from achieving their dreams. And that’s what you have to do on your journey to starting your own business.
Below, are some of the biggest reasons why aspiring entrepreneurs never see their entrepreneurial career take off. If you ever have these thoughts in your head or notice yourself picking up some of these behaviors, you have to fight through them.
Take a look at why aspiring entrepreneurs never give themselves a shot at entrepreneurship before they can even start.
Top Reasons Why Aspiring Entrepreneurs Never Get Their Business Ideas Off the Ground
Fear of Failure
All entrepreneurs have a fear of failure at some point in their entrepreneurial career This is something that’s common and should be expected, but you can’t let it stop you from achieving your dreams of entrepreneurship.
People have such a negative outlook on failure when the reality is that it’s a great learning opportunity for your business to get closer to success, according to smallstarter.com. In fact, your failures are going to be the very thing that helps you reach success as an entrepreneur. Not only is it going to help you become a better business owner, but it will also help you make smarter business decisions. And for that, failure should be celebrated.
You Feel Like All the “Good” Business Ideas are Taken
This is where you give up on your business idea because there’s already a product out there that’s similar to what you wanted to sell. But even with that, it doesn’t mean that you can’t still become an entrepreneur off of that idea.
Do you know how often people take other people’s ideas? Not only have people taken other people’s ideas but they’ve taken it, made it better than the original version, and became hugely successful from it! It happens all the time!
Feeling like all the good business ideas are taken is a common excuse to not start a business and it’s a weak one. If you have a business idea that already exists, figure out how your product can be better than the existing versions, start your business selling the new and improved version!
Waiting on the Right Time
You’ve heard the saying “there’s no better time than the present,” and that saying couldn’t be truer when considering starting your own business. So many people feel like they need to wait for the “right” time before they get their business started, but what exactly makes a particular time the “right” time? What are you waiting for, exactly?
The truth of the matter is that there is no perfect time… Sometimes you just have to jump in head-first and get your ducks in a row along the way.
No Knowledge of How to Run a Business
Lots of people won’t start their entrepreneurial journey because they don’t have a clue as to how to start a business. It’s understandable to not want to venture into entrepreneurship when you don’t know what you’re doing, but with all the resources at your fingertips, there’s no reason to not start your own business.
The amazing aspect of the ease of access to resources is that these resources come in many forms. For example, if you don’t know how to build a website from scratch, shopify.com has an easy-to-use website builder that will walk you step-by-step in building the business website you desire.
The bottom line is that just because you have no clue how to run a business doesn’t mean you can’t learn how to or hire people to help run your business. So not starting because you don’t know how is no longer an excuse! You now can read or watch a video on it or simply hire an expert… it’s as simple as that.
The key here is that when getting your business off the ground, “never startup alone”… there’s always some kind of tool or resource that will help get you started in the right direction.
Don’t Have Enough Money
Well, it does take money to make money, and if you don’t have enough capital upfront, it’s going to be quite difficult to get your business off the ground… BUT, that’s still not a reason to not try. There are tons of ways to get the money you need to get your business off the ground.
Things like small business loans, personal loans, sponsorship, and help from family and friends are popular financial options that people use to get their businesses going. Even better, with online businesses, you won’t need nearly as much upfront capital as you would with a brick-and-mortar business.
Do you want to skip the guesswork?
If you have a particular business idea, you are struggling to get off the ground. It may be worth investing in an already established business with an established customer base, such as buying a franchise in a niche you are passionate about. If you are interested in discovering the different types of franchise opportunities on the market, visit a franchise directory such as Franchise UK, where you can find a list of franchises in the UK that are currently looking to recruit new passionate franchisees.
So if you’re thinking of an online business, it’s definitely more financially feasible than a physical store. Keep your business options just as open as your financial options.