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The 3 biggest fears of entrepreneurs

Posted by HOP Group on Apr 11, 2016 9:00:00 AM

Starting your own business is not an easy task but once you overcome these 3 common issues you will be able to see a clearer horizon to settle well into your market. Here are 3 common fears of entrepreneurs.


Failing. This is probably one of the most common and dreadful fears one may encounter during the evolution of an idea. Usually there are many ideas that cross your head but to be a true entrepreneur you have to have the courage to go for it and take risks. Failing is going to be part of the process of learning how to do business; it is not necessary for you to fail but if you have to undergo difficult situations you have to take on the challenge of overcoming adversity.

Not believing in your ideas. This is the same as not believing in yourself. If you have a business idea you think can work then take a chance and go for it. If you are definitely not sure if it is good or not, look for advice in friends and relatives; they can probably support your idea. Also check the market: see how many competitors you would have locally and regionally. Ask people if they would buy your product; that is another way of testing if your idea could work. However, even if people have a sly look on their face when you explain your idea, if you believe in it, you must go for it.

Not having enough money. This can be the most difficult fear to battle due to the fact that settling a business requires constant input of money and time. The best ways to finance a project is through government financial grants or perhaps relatives that can back your idea or project. Investing one’s savings can be risky but if you have overcome the first two fears of the list you should definitely venture out.

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Topics: HOP Group, Small Businesses

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