In the article “Starting a Business: 3 Things that Should Never Stop You,” featured on The Huffington Post, contributor Nancy Laws explains that, while hundreds of people start new businesses each year, so many hopeful entrepreneurs fail to do so for a number of reasons.
“Entrepreneurship is a mindset, one that takes time to develop, and experience is almost always the best teacher. You have to be willing to go through the process, be willing to take risks and to step out of your comfort zone,” Laws says.
Three reasons that hold many would-be entrepreneurs back from starting a business but shouldn’t, according to Laws, are:
- Capital. Invest in yourself above all else. Today, you don’t necessarily need large amounts of capital to get started. There are many free or inexpensive tools, such as Easy Companies and Legal Zoom to help you get started. Also, be resourceful. Maybe you don’t have enough to start a state-of-the-art business, but would that stop you from offering online or mobile services for a time? You can expand your business after beginning more simply.
- Fear of Failure. This is probably the greatest fear for every aspiring entrepreneur. However, if you simply change your mindset and view failure not as something terrible but as a learning experience, it becomes less frightening. Considering that we learn through trial and error in every other part of our lives; shouldn’t business be the same? If you avoid failure, you avoid the capability to grow.
- Security. Security has to do with both money and comfort. If you would rather feel secure by keeping your full-time job, there’s no reason not to start out your business on the side. Certainly it requires more work, effort and time out of you, but it also allows for stability and even a degree of flexibility.
You can find the full article here.