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

[Seyesystem]

owner that fail to plan his business very well will surely fail. Before going into any business you must do your through findings which includes feasibility studies about the business whether it's viable or not, also the profit projection for at least 2 years must be done. This will enable the entrepreneur to make his decision whether to start the business or not.

 

[Zubair]

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?

As you mentioned earlier that one who is going to start his business on a smaller scale will be afraid of losing his investment, so first of all he should be very clear that what he wants to do? What are his requirements? What is the need of my area of business etc. If he would do so, definitely he would not be afraid of losing his investment, and no mental hurdle would stop him.

 

[Cybersec]

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.

 

[Holluwaphemmy]

there are many hurdles which a business person must overcome in order to have a enough profits. First the monetary hurdles ,some people have the sense but they lack the money to put the sense into action

 

[Kiwi]

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

 

[Kane]

If you can think about all the issues that might come on your way when you start your business beforehand, you might easily solve these issues. One of the major issues is driving sales. You will have to think about the strategies to improve sales. Another issue is finance, youahould start business only when you have strong financial background

 

[Quert]

When starting a business during its younger years then you should focus more on how will people know your product, how they will be aware of it. i guess the more the crowd knows your business, then there will be lot of people in the near future. And thats if more people needs your business.

 

[Aniwhyte]

When starting a new business one thing one should fully avoid is procrastination and fear of not succeeding, if this form of fear keeps on growing in one mind, the effort to succeed won't be there as your mind has already been wired that you will eventually fail. Which isn't in anyway good.

 

[Nimra Noor]

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?

May be one haven't money to start business or haven't the full knowledge or experience about the business which he/she want to start to overcome this we have to search complete information about business from people and websites to overcome the hurdles which we can face in starting a business

 

[Thosynho]

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?

The hurdle of what to venture into, where to start the business that is location, how to go about the business and when the start that knowing the right time to start the business. One also need to cross the hurdle of how to source for capital.

 

[iamgroot]

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?

You should have courage and you should become strong emotionally and psychologically. Because one of the hurdles that you will encounter is being judged by your own family, friends and relatives, that they do not believe on what youre capable of. The only thing you can do is prove them wrong 🙏

 

[Presido]

That's why planning before starting a business is very important, all this should have been worked against while writing your business plan. You should know you'll face competitions, you'll also experience ups and downs in the business.
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Starting a business for the first time will always bring a loss in.
This is because starting a business for the first time is like making a novice fight a powerful one which is totally impossible.
A person who doesn't plan before establishing a business will always fall.

 

[Ziki]

successful entrepreneurs that I know, almost all of them experience pain for a long period of time before they accomplish even just a little bit of success. Everybody wants to talk about the glamorous side of entrepreneurship. No one wants to talk about the dark side.

 

[Shayo]

There are some challenges businesses face at inception.
One common one is competition, there is no business that doesn't have existing competitions which means people already patronize this other companies so how then do new businesses get their own customers.

 

[KvngMurphy]

Before starting a new business, it is advisible to take up surveys and find out what's really lacking in the environment where you want to establish the business to battle less competition. If a business is well established in an area with little or no competition at all then assured of massive success in the business.

 

[Rimsha kanwal]

I’ve personally faced several hurdles over the years, some of which led to the failure of some business ventures. Entrepreneurship often involves several failures and lessons-learned before experiencing your first win. How you respond to these hurdles has a direct impact on the success or failure of your business.

 

[GIFTMICHAEL]

Like you said earlier there is a very big challenge to cross to be able to start even a small scale business.
Fear is a very big obstacle you must break free from before you can succeed in starting anything in life.
Conquer your fear by taking a step no matter how stupid it may be.
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Like you said earlier there is a very big challenge to cross to be able to start even a small scale business.
Fear is a very big obstacle you must break free from before you can succeed in starting anything in life.
Conquer your fear by taking a step no matter how stupid it may be.

 

[Highflyer]

Starting a small scale business requires a lot of dedication and of course hurdles to cross to succeed in your venture. First you require a startup capital and not many people are willing to invest in new startups, you also need to compete with already existing brands.

 

[Atif3786]

A lot of small business owners assume they need access to a large sum of startup capital in the beginning. While it can make some things easier, it can also lead to reckless spending and poor decisions.

When you take on an investor you are giving up a percentage of your business and small business loans can pile debt on your shoulders that results in a lot of stress. Bootstrapping is not a bad option, as it allows you to grow your business at a manageable rate without taking on debt. It might take a little longer, but retaining 100 per cent ownership of your business and remaining as debt-free as possible will benefit you in the long run

 

[Olubayo12]

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 a business comes with great success but the success is not very cheap, it's indeed an expensive one and anyone who wants to excel should be ready to face a lot of hurdles, ranging from depression, rejection, and every other thing from the people who do not believe in his vision