3 Roadblocks Stopping You From Starting A Business Today

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Jegz
Senior
Location: Naija
 

April 25th, 2011, 3:40 am

Do you find yourself craving to start a lucrative biz, dreaming of great success and returns, but always coming out of this imaginary passion empty-handed all the time? A personal research I conducted shows the 3 main obstacles standing between you and your dream. These are your roadblocks. First in this thread, lets identify them, later we shall find ways of by-passing them.
roadblock.jpg
1. The Fear of Failure:
The outcomes of most investment decisions are undoubtedly unpredictable. This could be a win or a lose. Is the fear of a possible loss already paralyzing you even before you make an investment decision? This wont let you succeed.
Its vital, yes, to consider ups and lows of a prospective business (risk assessment). However, I consider it a great weakness to let the fear of the controllable unknown stop you.

For instance, following the meltdown, when most stock prices are very low, a suggestion comes your way to buy low. Turning this down shows your fear of losing, again, if you once lost during the meltdown. I know of a few people who can stone you if you mention the stock market due to the injuries they sustained at the meltdown. But I promise you, a lot of people are making cool returns from this market daily.
Maybe you need more confidence. Maybe you need to believe in yourself. Maybe you dont even have all the facts about this kinda business (how the stock market works, for example). Maybe a positive attitude is lacking. Maybe... you should embark on a sincere self-assessment. Maybe...

2. The Lack of Capital
Many times, the actual lack of capital, or the presumptuous notion of the lack of capital (when actually you have enough) is a great factor that inhibits and truncates any business idea even in the bud. As I pointed out earlier, there may be an actual lack of capital, or an imaginary lack of capital- the start-up money.

What if you don't need up to that to start it up? What if you are attempting to bite too big in the beginning? What if you can negotiate good loan deals? The solution here lies in the right info.

3. The Lack of Lucrative Biz Ideas
More often than not, people have this fund but they simply don't know where to invest it. No single business idea in the head. This doesn't make you a dullard if you are in similar shoe. You may simply have a lot on your mind, or face a lot of distractions preventing you from focusing.
However, the solution lies in turning to the right place for cogent info, and also having the right expectation. Maybe business idea is not really lacking, but you are expecting too much returns from those available. You know you could invest N200,000.00 into a biz, and would give you a guaranteed monthly return of at least 15%, but you simply turn it down believing its too low a return. Now you are complaining of lack of ideas? This is not lack of idea, this is lack of focus! https://bestnaija.ng/

Conclusion?
Everything I said so far lies in the right attitude, the right information, and the right expectations. Keep these 3 A-I-E in mind, also remembering that 'No risk, no reward; the greater the risk, the greater return.'

So, develop more confidence, believe in yourself that you can make it, and happy entrepreneurship!
:clap:

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"Many of us are not living our dreams simply because we are busy living our fears" - Les Brown
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bomboy
Senior
 

April 25th, 2011, 10:12 am

Cool. Everybody is afraid of throwing their life savings into the ocean, dats where the fear coms from. :?
Emi gangan l'emi!
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Excelsior
Senior
 

April 26th, 2011, 4:47 pm

Our banks will kill your young business with high interest rate on loan. :what:
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Edge
Junior
 

April 29th, 2011, 6:49 pm

Even tho its easier said than done @poster, thank you still for the inspiration. Mwah!
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ramata
Junior
 

May 13th, 2011, 5:48 am

I started a good small business of sales and supplies of fabrics from the north actually, with my small savings, but all my debtors killed my business by not paying as at when due. What can I do? Should I stop giving credit totally?
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andru
Senior
 

May 15th, 2011, 6:03 pm

ramata wrote:I started a good small business of sales and supplies of fabrics from the north actually, with my small savings, but all my debtors killed my business by not paying as at when due. What can I do? Should I stop giving credit totally?
You sure know better.
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NiceGuy
Senior
Location: Lagos
 

May 30th, 2011, 2:38 pm

@poster, i always enjoy your posts. U are very realistic. Thanks, and keep it up.
I'm really not that nice... :mrgreen:
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andru
Senior
 

June 20th, 2011, 1:17 am

Pleae how can i invest 4oo thousand effectively? bank rates are low interest rate
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hot
Junior
 

August 2nd, 2011, 5:10 am

I love this post. I keep reading it over and over again. Good job! God bless
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Yehmmy
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Location: Ibadan
 

January 1st, 2012, 6:34 pm

Well said. Good work.
If your enemy is hungry, show him Mr BIGGS!
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afHTML
Junior
Location: texas
 

February 24th, 2012, 10:22 pm

Good research. We need more...
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J0E
Site Admin
Location: Texas
 

October 25th, 2013, 8:12 am

For how to raise business startup capital, I recommend this post at http://bestnaija.ng/how-to-raise-s ... t8851.html
Cheers.
Humility is the first true attribute of a great man...
TheOvert
Newbie
 

March 25th, 2015, 7:49 pm

Great post from a dynamic entrepreneurial mind.
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ItuGlobal
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Location: ituglobalfx.com.ng
 

February 25th, 2016, 9:59 am

The greatest stumbling block is instant-gratification mentality.
Buy and sell Perfect Money/Payeer/Epay/Neteller/Skrill: http://www.ituglobalfx.com.ng
Leady
Newbie
Location: Benin
 

February 26th, 2016, 1:57 pm

well done bro!
one with GOD is a majority
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Tec
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October 29th, 2016, 8:01 am

Good one boss. Keep more coming.
I buy & trade in Bestnaija βCoins. Any amount. PM me. :w:
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Hotsaint
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Location: NIGERIA
 

April 8th, 2018, 10:50 pm

amazing post
Stream my latest song
https://open.spotify.com/artist/5nGO87k ... =copy-link
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Ana2
Junior
 

May 12th, 2020, 10:08 am

Still here after 9 years. Very useful post :clap:
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eMade
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Location: Abuja
 

May 12th, 2020, 10:21 am

Jegz wrote:First in this thread, lets identify them, later we shall find ways of by-passing them.
Ok boss. You promised to share ways of bypassing them. we have waited 9 years for that.

Go ahead. :excited:
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makavelli25
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May 12th, 2020, 11:05 am

wow
this is a great article
redeem and buy coins at a very good rate. just send a message,I reply in seconds
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Jegz
Senior
Location: Naija
 

May 13th, 2020, 8:50 am

makavelli25 wrote:wow
this is a great article
Thanks. I will complete the part 2.
"Many of us are not living our dreams simply because we are busy living our fears" - Les Brown
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green20
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Location: Rivers state
 

May 17th, 2020, 9:29 pm

sir you are very correct
"We must use time wisely and forever realize that the time is always ripe to do right."
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Ana2
Junior
 

May 27th, 2020, 10:11 pm

green20 wrote:sir you are very correct
:clap: Same here.
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green20
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Location: Rivers state
 

May 27th, 2020, 10:28 pm

Ana2 wrote:
green20 wrote:sir you are very correct
:clap: Same here.
:tu: your profile pic is scaring me! pleaz change it!!!!
"We must use time wisely and forever realize that the time is always ripe to do right."
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Ana2
Junior
 

May 27th, 2020, 10:31 pm

green20 wrote:
Ana2 wrote:
green20 wrote:sir you are very correct
:clap: Same here.
:tu: your profile pic is scaring me! pleaz change it!!!!
Maybe you should not look at my profile. :lol;
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green20
VIP VIP
Location: Rivers state
 

May 27th, 2020, 10:34 pm

Ana2 wrote:
green20 wrote:
Ana2 wrote:
green20 wrote:sir you are very correct
:clap: Same here.
:tu: your profile pic is scaring me! pleaz change it!!!!
Maybe you should not look at my profile. :lol;
:yrc:
"We must use time wisely and forever realize that the time is always ripe to do right."
User avatar
Ana2
Junior
 

May 27th, 2020, 10:35 pm

green20 wrote:
Ana2 wrote:
green20 wrote:
Ana2 wrote:
green20 wrote:sir you are very correct
:clap: Same here.
:tu: your profile pic is scaring me! pleaz change it!!!!
Maybe you should not look at my profile. :lol;
:yrc:
Baby don't cry. Iwill change it soon. But not tonight.
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green20
VIP VIP
Location: Rivers state
 

May 27th, 2020, 10:37 pm

Ana2 wrote:
green20 wrote:
Ana2 wrote:
green20 wrote:
Ana2 wrote:
green20 wrote:sir you are very correct
:clap: Same here.
:tu: your profile pic is scaring me! pleaz change it!!!!
Maybe you should not look at my profile. :lol;
:yrc:
Baby don't cry. Iwill change it soon. But not tonight.
:excited:
"We must use time wisely and forever realize that the time is always ripe to do right."
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Jegz
Senior
Location: Naija
 

November 4th, 2020, 7:44 pm

Etsu02 wrote:nice article
Thanks bro.
"Many of us are not living our dreams simply because we are busy living our fears" - Les Brown
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TitanKenneth
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Location: New York
 

December 19th, 2020, 12:35 pm

The plain truth
Follow me on facebook "Titan Kenneth".
https://mobile.facebook.com/profile.php ... speed_dial
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Ana2
Junior
 

March 13th, 2021, 7:10 pm

TitanKenneth wrote:The plain truth
:clap: :clap:
User avatar
Ana2
Junior
 

March 14th, 2021, 7:54 pm

UkaThankGod wrote:wow this is good
I tell you
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Eminzynuel2005
Senior
Location: Akure, Ondo-road, 32 ARTILLARY BRIDGADE, SNCOQ Block 15 B.
 

March 14th, 2021, 10:25 pm

Hmm
emykay 🤟
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TitanKenneth
VIP VIP
Location: New York
 

March 18th, 2021, 1:03 am

Ana2 wrote:
green20 wrote:
Ana2 wrote:
green20 wrote:
Ana2 wrote:
green20 wrote:sir you are very correct
:clap: Same here.
:tu: your profile pic is scaring me! pleaz change it!!!!
Maybe you should not look at my profile. :lol;
:yrc:
Baby don't cry. Iwill change it soon. But not tonight.
n awa
Follow me on facebook "Titan Kenneth".
https://mobile.facebook.com/profile.php ... speed_dial
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afHTML
Junior
Location: texas
 

April 2nd, 2021, 7:53 am

Great post. :tu:
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Donposh
Newbie
 

April 3rd, 2021, 3:01 pm

Its quite good
Its a good topic,keep it up
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