To start business is supposed to be highly rewarding, exciting, and challenging. When you start business, you get to be your boss, and you get to set your path and pursue the opportunities you are involved in. Before start business, the first thing you should do is company registration. You can work from home. You can work anytime you want accordingly. Yet not everyone seeks the paths of entrepreneurship. Here are the primary reasons why people don’t start business on their own.
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December 7, 2019WHY DON’T MOST PEOPLE START BUSINESS
FEAR OF FAILURE
If you want to start business, then it is a significant risk sometimes, it will work, and sometimes it will not. Many are afraid to start business because of the fear that their business will fail. This fear may happen from feelings of insufficiency, or they may have encountered past failures in their lives that they do not want to replicate the environment with the genuine risk of failure to start business. They may also feel inadequacy and troubled by self-doubts. But if you’re going to start business, you first have to do is company registration.
PASSION FOR JOBS
They got a passion for their work in their jobs. They love their current jobs, and there’s nothing in the world they want to do but work in their current positions, and they are afraid from company registration and start business on their own. They now feel that the corporate environment gives them the challenging, exciting environment that they crave. There’s no reason to resign and start business and do company registration because they have already found the perfect job for themselves. But if you’re going to start business, you first have to do is company registration.
NO EXPOSURE TO ENTREPRENEURSHIP
They have never been opened to entrepreneurship, so they did not consider to start business or want a separate company registration to be an option for them. Everyone in their lives has worked or is working for someone else, and so they have been conditioned to believe that being an assistant is the only path for them. Many entrepreneurs have parents or families who have started or run their businesses, encouraging them to do the same and continue the ways of entrepreneurship in future and did company registration
VIEWS STARTING A BUSINESS AS SEVERE, HARD WORK
Some people work 16-hour a day or work in two or three jobs. But despite the hard work and the long hours they put in, they still have barely enough to live by, and instead of start business, they use to do their job. If they are already working that hard to earn a decent livable income, they think that to start business start business challenges double that effort or company registration, which they don’t want. But if you are looking forward to business, you first have to do is company registration.
NO IDEA WHAT BUSINESS TO START
Even if they are amenable to the idea of start business, their next comment is, but I do not know what business to start and how to do company registration. Deciding and determining what business to start is a huge stumbling block for many. There are too many existing businesses and people used to do company registration but people don’t know which one will work and which one will work for them. Or they may want to build something new, but they have no idea what that is.
Most people do not want to start business because of the above issues. They have no big goals for themselves and their families. They are content to live their lives peacefully, calmly, without any stress related to business and company registration. They have no profit motive. And if money is a motivator, they feel that they can get it from their current jobs working within an institution, instead of spearheading one. To start business is supposed to be highly rewarding, exciting, and challenging. When you start business, you
