Why don’t most people start businesses?

This question is never going out of fashion. The culture of 9-5 is toxic for many and the majority of people on job don’t like what they do for a living. Moreover, it is common for people to search for online businesses or zero investment business online more than next job. They assume businesses to be freedom from 9 to 5 and routine life waiting for weekend but it has so much more than that. It takes a certain amount of time to set things up and that comes with capital investment and time. Most of the people working full time, can’t manage either no matter how efficient and promising the business idea is. 

Moreover, the moment of realization and what is worth investing time, money and energy are the decisions that require responsible yet in-depth research. Now this is something that requires a great deal of courage. The first step starts from googling online and finding out other businesses doing something similar on the market. You need a steady internet connection to get all your answers repeatedly – must check CenturyLink fiber internet to get started. 

Starting a business is not a kid’s comedy. Further in this read, we will try to dissect the reasons most of the people don’t start their business. Here are some of the common reasons that make people not start a business.

1. 
   

   Fear of Failure

Before starting a new business, no one can guarantee if it will become successful or not. 90% of the businesses fail, 60% don’t survive first 5 years. The risks and repercussions are higher than success, however, take risks before starting your business. Most people are overcautious, which is why they focus more on the negative aspects. They always think their business will more likely fail. Fear of failure comes in everyone’s minds and kills the business motivation and idea. That person could be new, or he might have faced several failures in the past. To run a successful business, fight against your fear.

2. Lack of Resources

For starting a new business, you must have adequate resources to invest and utilize. Most people don’t have money to invest in their business. Also, they don’t have sufficient space where they can start their business. Such people don’t have a rich social circle or family background. They can’t take loans from banks because no one can guarantee if the business will generate profit. Such reasons and facts can make any passionate person abstain from starting the business.

3. they don’t know Entrepreneurship

Entrepreneurship is the quality of becoming a successful businessperson. An entrepreneur is a person who knows how to take work from others, but most people haven’t experienced it. They mostly work under their boss or in a group. They know their job as a worker, and they don’t think beyond that. This job mindset makes people not think about starting a business. If they select successful entrepreneurs as their inspirations, they’ll try to start their business at least once. It all comes down to mindset. 

4. 
   

   Lifestyle

People doing jobs on a permanent salary have a certain lifestyle. They have made their mind that they can’t change it at any cost because it is convenient. They have a fixed salary and fixed expenses within that budget. Starting a new business will change their lifestyle because it takes time to generate profit. So, they don’t want to start these hectic ventures.

5. Starting a business is difficult

Nothing is easy in this world however we believe running a business is easier than doing a salary-based job. It has more potential for growth than any job. People find it easier to work ten hours a day in the office than handling a business in one or two hours that starts from scratch. They give their best while working for ten hours in the office. No matter how much hard work they do, they can never enjoy more money than their monthly salary. This routine makes them think that they’ll have to work day and night to earn money with a business.

Final Thoughts

Change is difficult and uncomfortable, and starting a business can be a lifestyle change, starting from time and money investment.