What are the hurdles one needs to cross when starting a small scale business?

[Afeefah]

Starting a business for the first time can be a huge challenge for many people. Before starting any business, fears of whether the business will succeed or not and doubt about our capabilities to start the business arise.
What can we do to make it easier for us when starting a new business?

 

[Sariana23]

When starting a new business, you must be sure that you are taking a big step, for that you must have evaluated the environment, the right place and have good quality products. Give the best treatment to the client so that they return to the business and recommend it, apart from that you must be aware of the businesses around you, their prices and try to be up to par or improve them.

 

[Kayzzy3]

Starting a business for the first time can be a huge challenge for many people. Before starting any business, fears of whether the business will succeed or not and doubt about our capabilities to start the business arise.
What can we do to make it easier for us when starting a new business?

Starting any business has it's own hurdles, but since it's a small business the courage to start it is the first hurdle.

Other hurdles includes, getting of clients, discouragement due to size of the business.

 

[MizzLala]

Oh, where to start!? There are so many hurdles and they keep changing as you grow and evolve. From my own personal experience, I'd say, always have your wits about you and be very careful who you trust. Don't believe everything people say and promise - many of them will let you down. Also, keep your eye on the ball, watch the competition to position yourself just right - some may steal your ideas but don't let that faze you because you must be doing something right. If you don't know people in high places, you may struggle to get a foot in and have doors slammed in your face - if you believe in your hustle and have a passion for it, don't let it slow your roll. Keep it moving because one day you'll get a breakthrough.

 

[Ojonuyo]

Starting up a small scale business is not a day job. As it takes more of courage and determination to fuel you up untill you have arrived at your desired destination.

Remember, you are coming new into the business and literally you lack certain experience. A candid advise is that, you get in touch with those who have succeeded in that same field as you plan on venturing into. No one is an island on their own, you will need to work with others to keep growing.

To start out a business, your capital must be solid to avoid financial lapses in your business activities. Wish you luck.

Your mindset also need to be positive to keep your head above the waters of frustration and depression.

 

[kaychiz]

No doubt starting a new business can be very challenging and at the same time very demanding. To ease all such stress you can deliberately try not to beat yourself too hard. Try not to expect too much from yourself and the business at the beginning, instead just give it time to grow and stand the test of time. Also, read and keep learning about how to succeed in that line of business. No knowledge is ever lost. With time things will fall into place.

 

[gammarays]

There are many hurdles to pass before setting up a new business. Taking the decision to start a business is a hurdle. Deciding on what type of business to do,the location, raising capital for the business and running the business. In fact everything involved in starting a business is a hurdle that's why it's not for the faint hearted.

 

[Kinglegend01]

The factors that should be considered when trying to establish or open a new business are much but I will list some here such as
• Place and location:you must have evaluated the environment, the right place and have good quality products.
•your price and quality of your product: you must ensure that your price is fair and you are selling the best quality at the right price too.

 

[Erik4150]

Before starting a small scale business, a good business plan must be used. Adequate capital is required. You must identify and set up your business in a good economic environment with potential for growth and development.
You must learn how to manage your business too or get an experienced manager to handle it for you.

 

[Tariq Shehzad]

There are not so much hurdles or obstacles, while staring a small scale business, but you may have to face them in large scale business. If you are unexperienced in small scale business then, there you may have to face some challenges regarding management, planning and resources handling.

 

[chalcedony8]

there are slot of hurdles to cross when starting a business, one is having a nice business startetegy, starting a business without a good business strategy is like going to farm without a hoe or any tools to work with, a business strategy is very essential, after that one has to start thinking about the starting capital, it's really important too, cause have a good business strategy without capital is like having nothing.

 

[WhiteHouse]

One that is basic and the basis of a good start is PLANNING .You need a robust plan and a plan B. This is so wide a topic and so important. You need to have a knowledge of the market ,an understating of your competitors and their shortcomings. Thesesolutions put together formulates a good plan,saves you a lot of resources because you figured a cheaper and efficient way to position yourself. Often true that quite a lot of start ups fail due to inadequate planning.

Not saying that all the businesses that survived wrote a business plan- there might not have written something down formally but they have had a plan! However a business plan not only serves a good document to secure funding it also gives you a blueprint and picture of your business in a nutshell.

So with a small budget ,i cannot over emphasize the fact that you need to plan effectively and do a lot of research. This is one of the problems small starting businesses face.

 

[Sincerem]

As a beginner, you will face challenges that might weigh you down, during start up. All you need to do is steadfast and ability to shrug off the challenges or threat it pose. I remembered when I was starting my offline gaming shop, where financial issues tried to derail my ambition. But ability to save up more to meet up my aim made me to succeed by starting my desired business.

 

[Aniwhyte]

When starting a business you need to put everything in order, first of all you have to think about the available capital, finding a partner, applying for business grant, asking friends and family questions, getting the right team, acquiring customers, removing fear and procrastination from your heart. The list is endless.

 

[Ridorz]

To start a new business is not a small work to do. You must make a great effort to stand and get a customers to be patronizing you. You may face many challenges that will make you feel to quit.

 

[Shaffy]

Small scale business owners deal with a lot, from my experience.

When it comes to doubting yourself or your business, it's best to acknowledge that the fear can be real, then, look for ways to tackle the problems you think will stop you from succeeding.

Personal development and mindset trainings help a lot too.

 

[btaliat]

There are many challenges faced by a small business owner. Among them is the financial problem to expand the business, other is how to generate customers and even how to to know the want and need of the customer and how to satisfy them.

 

[Ralphjoe]

For a young business, one must overcome these hurdles for it to be successful. Some of hurdles are follows:
1. Lack of patronage
A new business of any size experience lack of patronage at the beginning, the business must be able to hold on especially at the beginning of the business.

2. Capital flight.
When most businesses are started, they experience some hurdles where they just keep on spending without getting any income at, that stage can be frustrating, so a business just have to hold on at that stage.

 

[Holluwaphemmy]

The first thing you need to fight is procrastination ,also finding customers can also give you tough time. Meeting up with the demands of the customers is also a big hurdle. Lastly following the business plans also give many small scale business problems

 

[Damismiling]

Every Business require some level of commitment and diligence. When you say a small scale business it means the capital not too big. This might be a problem to the growth of the business, the company might not grow with speed, expansion will also take little time