The 4 Fears Of Starting A Business

A research study conducted by MarketWave in 1991 asked 6,000 people who had never had a business respond to a question: If all obstacles were removed, would you like to own your own business? 85% said yes. This means that 85% of people want to drive your own business. Why are there far more employees that own their own business? Fear The investigation concluded that there were four main reasons why 85% never took the entrepreneurial leap. It is not out on its own is an easy decision, but surprisingly, the study shows that – while the fear is a key factor – it was also a lack of awareness that the decision of the people affected by not starting a business . This is a composition: It takes a lot of money Most people surveyed said they did not have hundreds of thousands of dollars to invest in a business and not know anyone else to do it.

It takes a long time They do not fancy the idea of working more than 80 hours a week to lose money the first couple of years to get your business going. There is too much risk without a safety net of a regular payment, the fear of starting a business was paralyzing. There is no experience like no business, no formal training and no knowledge of taxation, accounting, marketing or any other important skills required by some employers, it was easier to just keep doing what we were already doing. A common response in the survey was "not like" and felt it was too late to start. Many had to pay mortgages, a family to feed and basically felt that owning their own business and had sailed.