Top 5 Excuses for Not Starting a Business

It is the dream of a lot of people to own a successful business at some point in life. But most people are yet to start their own business due to several reasons. They are afraid of taking risks because of the fear that they will fail. Creating a successful business is not straightforward since it requires time and effort.

There are people who fear that running their own business may keep them away from living their ideal lifestyle. Starting your own business isn’t so much demanding because it only requires time and effort. Everyone at some point fails. You can never succeed without first trying.

Here are the Common Reasons why People Fail to Start Their own Business.

#1. Lack of Adequate Funds

The success of a business is not determined by the amount of money available. Most businesses don’t collapse because they run out of money. It’s not about the money you have that matters but how you manage the available resources.

The fact is that most businesses start with little capital. You don’t have to wait for venture capital or inheritance from your parents, instead, you can use proven techniques to better your chances and get started sooner than later.

#2. Lack of Adequate Time

Lack of enough time to do something is an indication that it isn’t a priority for you. We all have 12 hours in a day, the only difference is how we spend them.

You can only succeed in your business if you prioritize it. For instance, it may be hard to quit your job so that you can run your business. Here what you need to do is to free up some time to work on your business. That could be a good settlement between income and time for running your own business.

#3. Feeling that your Business Plan isn’t Ideal

Some people fear to start their own businesses because they feel their business plan is not ideal. What people fail to understand is that a business plan can no longer be perfect. Planning is very essential but it should not derail your plans to get into the business.

#4. Wrong Timing

There is no specific time that is ideal for starting a business. You just need to decide when to get into business because it’s just a deliberate action rather than a coincidence. It is common to experience disruptions and moments of wrong timing. It’s only when you get into the business you can learn mechanisms on how to cope with such situations.

#5. Extreme Competition

Most people are worried about competition from existing and startup businesses. The fact is that even established businesses are concerned about the competition from startups. New businesses are at an added advantage due to unpredictable and hyper-innovative economy. Despite the competition, both parties can succeed if the market is broad.

Businesses may tend to do well when there is an economic downturn because there is a likelihood of less competition. This may make it ideal to start a business when the economy is in crisis.

Conclusion

The discussed above are some of the reasons why most people fear to start their own businesses and probably the most common ones.

The point of this article was not to disturb you, but to show you what qualities people have that tend to make them a failure. Don’t be that guy or girl. Do something and do it while you still can.

Reasons to Become an Online Entrepreneur

The online business industry is slowly taking over with most people preferring to communicate with their customers through online means or conducting their businesses on online platforms. This shows that being an online entrepreneur has many benefits which mostly lack in the offline sector. Some of the advantages you most likely experience as an online entrepreneur include:

Convenience

Whether you want to work from your bed or while on vacation having an online business will give you the opportunity. The availability and accessibility of the internet from anywhere anytime makes this type of business the best since you are not restricted by a physical location. You can simply log into the platform you’re using whether it’s your own website or an affiliate website and conduct your business.

It also doesn’t have a limitation on time which means you can easily work from any part of the world without worrying about the time difference. You can also operate the business while on transit to another place thereby helping save time and increasing convenience.

More Customers

More people tend to use the internet and the resources it offers. Accessing such has been made easier with the use of smartphones. For online entrepreneurs, this means you can reach a wider range of customers easily. You can opt to send emails, use social media platforms or engage with them through online entrepreneur forums.

Less Capital

You don’t have to be a millionaire to become an online entrepreneur. You can start by joining an affiliate program such as those offered by online business essentials like Amazon and use online tools to market their products. Such opportunities, as well as those that involve having personal websites, don’t require much capital to set up. Since you will not be needing physical office space, you will only need internet connection tools and a laptop.

Flexibility

Unlike physical businesses which once you set up you and not change, online businesses present many opportunities for you to change if you decide that the initial venture isn’t suitable for you. You can try out a wide range of products and sectors without worrying about incurring losses especially those used during set up.

Not having to adhere by any rules such as those dictated by specific business operation hours also offers more flexibility. You can wake up in the middle of the night and continue with your business.

Less Effort

Although coming up with a business plan is still important for an online entrepreneur, you will take less effort in starting and running the business. You don’t have to worry about contractors disappointing you or the amount of effort you will need to find a suitable physical location action. You can then put that energy and time in finding customers which tends to be more beneficial.

Like everything else, online entrepreneurship has disadvantages with the main one being that there is more competition. Most people have ventured into online business because of the many advantages it has which means the sector is crowded. You can, however, rise above the competition using the right strategies to attract loyal customers.

Conclusion

Online entrepreneurship has multiple opportunities that you can tap into to benefit from it. You can take advantage of online resources to create the business and market it to transform it into a booming venture.

Why Be an Entrepreneur

Why do you want to be an entrepreneur?

This is a question that most people have an easy and straight forward answer to. Normally it’s along the lines of being financially free, not feel restricted in life, able to travel, have more time for the family. I think the main reason in my opinion is that real entrepreneurs want to created something. They want to feel like they have made a contribution in the world by offering something that they like and being successful at it.

Entrepreneurs have a hard time working for companies because they like to be their own boss. Especially the ones that have bosses that are micromanagers – this really does not sit well with those that have an entrepreneurial spirit.

So what can you do if you are stuck in a day job you hate? You could abruptly quit, which I don’t advise but you could also come up with a plan to break free from your job which is the best option fo you. For now, earn your paycheck and don’t get too distracted from your job. You can start working online on your time off and you’ll need funds from your work to finance your online endeavors.

 

Entrepreneurs Need Course Reviews

As an entrepreneur you will at some point need to buy a course online to help you with establishing your business properly.  Not every course out there is worth the money so you really need to do your digging.

A great way to start is to joined some type of Facebook Group and see what other people are saying.  Depending on the niche you’re in make sure you joined an appropriate group.  Ask questions as to what courses people are taking in which ones they find are valuable or not.  Be careful of the ones that are sending you an affiliate link as they will only be in it for the money.  Make sure that other people have the same positive opinions of the course that you want to buy.

Digital Product Review Sites

You can also look up some marketing course reviews for entrepreneurs by Drews-Review where on this site you may find a course that you are trying to buy and get an unbiased review on the product.  More often than not you’ll be able to get a sneak peek of the digital product by having the members area shown to you but not in great detail obviously. The site also has a YouTube Channel you can check out.

A good reviewer will buy the course first, absorb the material and then give their honest take on the product.  If the digital product is good they will recommend it but be aware the link they provide is an affiliate link.  This does not cost you more and it keeps these reviewers going because it make a commission off the sale.  In essence is a win-win situation so definitely take advantage of this if you’re serious about buying a course.

Another advantage of buying a course from a reviewer online is that they will occasionally offer bonuses.  Sometimes these bonuses are not worth much but at times I’ve seen some bonuses that are better than the actual offer.  This is very rare but it does sometimes happen.

Bonuses

If you’re going to purchase a product based on the bonus make sure that it is tied into the line of business that you’re involved in.  For example, if you are buying a course on E commerce, it would be silly to get a bonus on affiliate marketing for example.  Look for bonuses that complement the product you are trying to buy.  For example if you’re buying an e-commerce course and the bonus may be an ebook on branding, then this would be considered a valuable bonus especially if the course does not discuss this.

Importance of a Good Course

The importance of a course should never be underestimated.  It can take you years to learn a skill by researching online for free information then trying to compact it all into something logical.  The only way you are going too fast track your success is to emulate what successful people do.  Just be careful of digital products where the creator is a onetime success.  What I mean by this is that there been countless numbers of young entrepreneurs that have made a lot of money by doing one thing and then create a course based on their success.  While this may work for some, chances are they have not seen any subsequent success so we’re trying to capitalize on their initial success.  Make sure that the course you buy it comes from someone who is respected in the community that you want to be a part of.

Final Words

In conclusion, what ever you decide to do just make sure that you invest your money wisely and the proper course.  Don’t just listen to other people are saying, get yourself a legitimate review and if possible a reviews that includes a walk around the course material.