Starting a small business is often overwhelming rather than exciting. You will be bombarded with a lot of responsibilities and tasks. While others are willing to take the challenges of starting a small business, others just choose not to take the risk.
Here are the primary reasons that prevent some people to start their own business.
1. Failure
This is the result of lack of confidence. If there is no enough confidence, a potential entrepreneur will be paralyzed with the thought that their business won’t be successful. They simply won’t take the challenge because the fear of failure has overtaken their 2
2. Capital
To start a business, you must have something in your pocket. Potential entrepreneurs cannot start their own business because they don’t have enough money to fund a startup. The thought that they cannot sustain the beginning phases of the business locked them to explore the possibilities and kills the idea of having a successful business.
3. Restricted Ideas
Another obvious reason is the fact that potential business owners have trouble coming up with a business idea. They do not have the creativity to think outside the box. This will prevent them in starting a small business.
Small Business in a Big World 