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Saturday, November 16, 2019

Starting a business: Can everybody do it?


Everyone thinks they can start a business.
If you are handed a huge amount of money, some may have thought about buying a luxurious bag, or maybe a car, but many would be wise enough to make the money grow, and starting a business will come to mind.

But does everybody have what it takes to start one?

Believe it or not, there's a huge difference between;
opening a store, and opening a store WITH experience.
The probability to give up, depends on how we expect the business to be.
And with experience, we know what to expect

What people see is, business is all about searching for a product to sell, finding a place to sell it, and walla, the business is considered running.
What people CAN'T see is, the struggle to find the right product, and finding the right place.
Not to forget, getting the right potential customers and finally get the sales rolling in.

The biggest myths about business is, you can use the money straight away once you sell your products.
No. the return of invest or ROI is not considered yours until you can turn it into your salary (not all but a part of it). But most commonly, people will turn it into an investment (again and again) to grow the company and make more profits.
So that, my dear readers, is why people who just started their business are broke (so stop asking where their money went).

Because of that, a lot of people get frustrated during their early period of business.
The regrets, the exhaustion, and not to mention the lack of recognition thanks to the family who doesn't understand how a business works.
That's when people started to give up. That's when experience becomes beneficial.
From experience, we know what to do, and what NOT to do.
From experience, we know, we are bound to get frustrated but it's a temporary process.
And from experience, we know when to give up, and move on (before the damage gets too severe).

So how can someone gets experience if they can't even try, you might ask. Who said about making the mistakes yourselves?

"Learn from the mistakes of others. You can't live long enough to make them all yourself." - Eleanor Roosevelt.

Get a mentor. Find a friend in the business you feel like trying. Be knowledgeable before starting. If you are up for the challenge, then all the best to you. If you're not..then maybe you should just buy the car. or the bag.


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