Why are people afraid of starting own business?
Starting your own business with Exeleon Magazine
Success and failure are two major imposters that act as either accelerators or a hindrance in starting your own business. Many are co-owning or are business partners, but few are mustering all their gumption to kick start their ideas and make it a fully functional business model! Goes without saying, the fear of failure is the biggest impediment behind people not being able to start their own business despite having ideas in dormancy. Well, let us dive deep and unravel the major and potent reasons behind leaders finding it difficult to start their own business.
One must have gotten umpteen number of reasons to start their own business such as financial independence, recognition, liberty to make decisions at work, not having to be answerable to co-owner or boss, not having to report to Manager at work, renounce the 9–5 corporate life, have flexible working hours and so on and so forth. But what takes over these reasons? The fear of failure is the salient obstacle. But people majorly fail to realize that success and failure are merely flip sides of the coin and exist as Ying Yang in any given situation.
