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

[Razor1911]

Not necessarily take higher risk but calculative risk. An example of a higher risk investment is ponzi and it can lead to loss as the owners of the site usually have alterior motive so doing ponzi without calculating your risk or reward would be reckless.

You are correct. Taking higher risk is not advisable at all, we should take calculated risk only. Calculated risk means to take proper approach while doing the task or job.

 

[Haveit]

You are correct. Taking higher risk is not advisable at all, we should take calculated risk only. Calculated risk means to take proper approach while doing the task or job.

Calculated risk also means that putting into consideration all that might fall or rise the investment and see if it's really worth investing into for a short or long term purpose.

 

[Razor1911]

Calculated risk also means that putting into consideration all that might fall or rise the investment and see if it's really worth investing into for a short or long term purpose.

For short as well as long term purpose, calculator risk should be the first priority. Risk will be there in everything but minimization of risk is our responsibility.

 

[Snazzy001]

The first and great hurdles one should scale while starting is hurdle of doubts.
I mean the negative thoughts and possibility of failing should one start the business.

 

[akinlolu99]

Beginning a business interestingly can be a colossal test for some individuals. Prior to beginning any business, fears of if the business will succeed and question about our capacities to begin the business emerge.

How would we be able to deal with making it simpler for us when beginning another business?

 

[Setfragil]

The first and great hurdles one should scale while starting is hurdle of doubts.
I mean the negative thoughts and possibility of failing should one start the business.

You are right, doubts is one major thing that prevents a lot of people from starting their business. They wouldn't know if the business will be successful or not till they will not achieve anything.

 

[Haveit]

For short as well as long term purpose, calculator risk should be the first priority. Risk will be there in everything but minimization of risk is our responsibility.

Of course, calculated risks should be taken on any investment no matter the kind of investment it is and time is also important in the factors that determine the feasibility of an investment.

 

[Psalmseen]

Before even starting a business, you must be so sure that the business is capable of solving people's problem. Another thing is you must be so passionate about the business

 

[Delight]

You do not have to start any business just because it is a business and I think one of the ways you can do to make starting business easier is for you to start a business that is not popular in your location, with this technique there is little possibilities of failure.

 

[Heatman]

Seriously the issue of finding customers for any kind of business whether it's online or offline is one of the major challenges that faces new business because they will struggle so much before they will get customers.

 

[Chibson]

It is not advisable to not nurture
the thought of whether your business will succeed or not before venturing into it. Generally small businesses can be very challenging but with perseverance you become successful.

 

[Prettyjanie]

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?

One major hurdle you will need to cross when starting a business is the ability to break through the market. As there were other people in the field before you came in. So you have to see how you can win new customers to yourself.

 

[Senator]

The most important of these hurdles you will cross will be the thought processing and planning of the business. If you can get this done , the rest hurdle will be simply implementation

 

[Sotherefore]

You really have to focus on the success of the business but not the failure because this will give you a boldness to start up the business without fear, even with this you really need to plan the business very well to succeed.

 

[Alexandoy]

Before even starting a business, you must be so sure that the business is capable of solving people's problem. Another thing is you must be so passionate about the business

Pardon me for this comment but in reality people start up a business for the profit and not for solving people's problem. If the town has shortage of chicken meat and I don't like poultry business then I would open a convenience store which is what I prefer. I would not care if the people have a problem with chicken meat. It is not of my concern.

 

[Kelly5]

It is true that the fear of failure will always beset our resolve to move ahead with our business decisions. But you must still try all you can to put those feelings behind you if you must succeed in that business

 

[tyrim88]

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.

There are various dynamics in the business space that a business person needs to understand.The market you are in,and how you can enter,you can decide to cash in on the packaing and delivery of good products that is not avialable in the market.You need to have a good customer aqusition strategy and godd managerial acumen for finance and admin process.

 

[Hena101]

When starting a business we must not always think of profit first but let our focus be on how to solve the current problem our society is facing because when we find a way of solving them profit come automatically. So the best thing we need to do is to be committed toward the business and how to develop a good relationship with our customers.

 

[FreshKaz11]

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?

I guess what will make one to think of fear of selling out the products in he or her business is one lack of much funds or a borrowed funds to start up the business could cause fear though.

 

[gammarays]

I think there are many factors that should be considered before starting a business. Those factors may be your challenges to starting them. It includes capital, competition and how to get customers.