Is The Fear Of Starting A Business Legitimate

Is The Fear Of Starting A Business Legitimate Just take a second to step back and realize what exactly, starting a business really means. Practically, you’re beginning infrastructures that will either belong to you, or paid for by you. Real physical things like a commercial office, a building, a car park for employees, the brick and mortar store, everything you work with day in and day out is yours. You’ll also be working with or hiring other businesses, such as distributors, transport logistics, trucks, cargo planes etc. Your financial future is therefore tied to what you have created. Its not like you can just do 8 hours a day and then go home. Business owners have to make their business their lifestyle. Hiring people, taking on the responsibility of following workers rights and also paying your staff on time and in full. You’re also going to be ruthlessly competing with other businesses. There is no hugging and kissing here, you’re trying to take the other business out everyday. So is the fear of starting your own bus iness legitimate? Do you want control? Perhaps the number one reason people start their own business is because they want to work for themselves not somebody else. In the beginning they very naively think that the boss is just lounging around, reaping the benefits of their hard work. So they say they’ll work for themselves so they can keep the rewards. However soon you’ll realize that being the boss is the hardest job to do in a business. You’re responsible for everything. The leader doesn’t get to have normal 8 hour shifts, they have to be constantly by their phone ready to handle any problem. But if you do want more control over your financial and professional life, then starting a business really is a responsibility you must be ready to take on. Don’t think of the money you’ll make, ask yourself whether or not you’re ready to be held accountable for other people? A lack of knowledge The lack of knowledge to begin a business is also right up there in the top reasons why people don’t start their own business. Well, listening to people who were just like you but did make that first leap is incredibly helpful. Learning from their mistakes so you don’t have to, increases your knowledge without any risk at all. For example on this business podcast, they speak to regular people who have become entrepreneurs and small business owners. Unlike other podcasts that just care about the big names, this is a type of podcast where up and coming business owners talk about their personal experiences. Everything from people management, industry cultures, legal pitfalls and budget building blocks is discussed.   Being a name Sometimes people just don’t want their name hitched to a business because they are in fear their public reputation might be diminished should they fail. However, you don’t need to make it public knowledge of who owns the business, you can create a name and identity that is nothing like your own. People do have legitimate fears of starting a business, but the modern day tools at your disposal make taking on the responsibility much easier than ever before.