Why so Many Don't Have a Business of Their Own

[Jasz]

The reason why so many people don't have a business of their own is because they don't know how to start a business. The main reason is that they don't have the money. So, if you want to start a business and you don't have any money, then you need to know how to get some cash.

There are many ways for you to get money for starting your own business. Some of them are illegal and some of them are legal. You should choose the right one according to your situation so that you can avoid any trouble in future.

To start a business, you will need the capital needed by it. If you have an amount of money, then there is no problem but if you do not have any amount of money then it becomes difficult for you to start a business. There are many ways through which you can get this amount of money. But if someone tries to earn more than what he has earned legitimately then he can be penalized by law enforcement agencies or otherwise he may face problem with his government department or other departments like Income Tax Department, EFCC etc.

 

[Holicent]

Many people are afraid to start a business. The fear of failure is the biggest hurdle in starting a business, but it can be overcome with proper planning and preparation.

There are also many reasons why people don't want to start their own businesses, including:

Fear of failure - Fear of failure is one of the most common reasons that people don't start a business. People have a tendency to think that if they fail at something, then they will never succeed at anything in life. The truth is that failing is actually a good thing because it means you tried and learned from your mistakes so you can do better next time around.

Lack of money - The majority of people who don't have a business of their own have no idea how much money they need to invest in order for their idea to become successful. This is because many entrepreneurs spend years building up their business before taking it public, which means they haven't saved any money for when things go wrong (which they inevitably will). If you're serious about starting your own business and need some extra cash flow, then start saving up now while you still have time on your

Insecurity - Many people are insecure about taking risks.

 

[LoukiaCharilaou]

In my opinion, it is wonderful to have your own business because this means that you do not have a boss to cause you stress, you are independent and you can have flexible working hours. However, there are so many people that do not have their own business. Perhaps the main reason is that they do not have the money to start their own business. Maybe another reason is that they feel that they may fail so they prefer not to take this risk. Whatever the reasons may be, I think that people must try to start their own business.

 

[Mastergp]

If we look around us we will see that certain group of person don't have business of their own while others do, most times we ask ourselves why they chose to live that way of working for somebody, though they are credit or privileges one enjoys working for himself, like freedom to do or manage the business at any direction the want it to be, because it theirs but such privileges are limited or lacking when one work for another he or she pays obedience to his master or business owner and most times loss the job if he or she does not meet to the standard or policies or demands of his master.
Here are some ideas why some people don't have a business of their own

Fear of failure :
Many persons think that they are less qualify to own a business most times thy think that others may laugh or mock then if they are not able to manage a business which made them afraid of creating their own business.

Low level of resources to start a business of their own, some business are very expensive to start up, one need a lot of capital and most times machine to run such business, so this has limited their interest and hope to start a business of their own.

Entrepreneur training are limited :
Majority of persons do not have ideas on entrepreneur and this fact has remove the act of owning a business from their mind.

 

[Augusta]

There are different reasons why some people have no business. There's a whole lot of responsibilities with running a business and some people might just believe that they are better off with a job or other means of money making than running a business.

You will have to consider several factors when choosing a business. you have to consider the capital, the knowledge needed, the skills you need to required, you need to have patience and motivation because overnight success in business is rare.

 

[niche]

Starting a business is very risky and there is no guarantee of making a profit. Starting an online business, working at home, is even more risky, because leads and orders are robbed. Additionally in some countries, the government falsely claims that its lazy greedy fraud employees who do not spend any money, do not any work, own the business of a private citizen, who is criminally defamed.

 

[Activator230822]

For me the one thing l have realized in business is that. Most people are willing to start businesses but when they start mostly they fail to keep the business going.
Many people aspiring to doing of the business lack the the technical know-how on how to operate and achieve the business sustainability level. Most of those start ups would really collapse on their early stages that's why most people would be fearing to start businesses of their own.

 

[King bell]

Firstly, there's a significant level of risk involved. Starting a business often means stepping into the unknown, and the uncertainty can be daunting. Financial concerns, fear of of failure, and the absence of a safety net can deter many from taking the plunge .

Moreover, societal expectations and conventional career paths often play a role. The traditional narrative of securing a stable job and climbing the corporate ladder can be deeply ingrained, making the prospect of entrepreneurship seem unconventional or risky .

 

[Etini]

For some people I know, it is nothing that has to do with lack of capital that is keeping them from starting their businesses. Rather, it is factors that bother on fear. I know of a man that has so much money but has always procastinated on starting a business. He is working in an oil company and whenever you mention business to him, he would always tell you about the negative things he saw happen to someone in that same business. I understand such people because they don't have what it takes to do business.