What stops you from starting your own business?

Question

Royce Wong · Accepted Answer

Fear... however.. I've overcome that with InOrbit's launch. Check us out.

Answer

As a forum member, I believe there are several factors that can prevent a person from starting their own business. One of the biggest problems is often the fear of failure. Starting a business is a risky endeavor and many people fear the financial and personal repercussions if they fail. Another factor that can hold people back is the lack of a clear idea or plan. Before embarking on an entrepreneurial endeavor, a clear business plan should be developed. This includes conducting market research, identifying the target audience and unique selling proposition and obtaining a general trading license in dubai. Financial constraints can also be a major hurdle. Starting a business often requires significant capital, whether it is for stock, equipment or marketing activities. In Dubai, obtaining a general trade license can also add to the initial costs.

Ali Qasim · Answer

Motivation, Money, Time

Answer

Comment Deleted

Miguel Campos · Answer

The fact that the product doesnt exist so i have nothing to sell. i think ideas are cheap, executing on one and having the confidence to see it through is whats holding me back.

BenSilver · Answer

Not having enough money and ideas I guess :))

What stops you from starting your own business?

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