Sunday, April 4, 2010

Reflect on learning – What is the most valuable thing you learned in Project Business Ideas?

For most potential entrepreneurs, the hardest part in deciding to start a business is simply coming up with small business ideas.

The ambition and drive are certainly there the challenge, however, is finding and feeling confident about the right business concept.

Based on our research, the three primary reasons that people who want to start a business but haven't are:-

Fear of Failure – The fear of not succeeding simply paralyzes the potential entrepreneur. A lack of confidence “freezes” any chance of getting started.

Lack of Capital – Not having enough money to fund a startup or sustain one's family during the beginning phases of the business are concerns that keep many of us locked behind our desk in a nine-to-five grind.

Limited Ideas – Believe it or not, many potential business owners never get started because they have trouble coming up with small business ideas. They lack that special creative spark that ignites the business flame.

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