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!
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