Many ordinary people have a dream of starting their own business, but very few of them ever do. In a standard free market economy, it can be very easy to start and build our own business, but it is much harder to follow up our dream into real business building and entrepreneurship. First of all, it is important to know why we need to start the business in the first place. Many people think that they can make a lot of money. They want to retire rich and become much happier. This would be a nice idea, but not everyone is prepared take the risks involved with entrepreneurship. The personal freedom resulted from owning our own successful business requires plenty of time and effort to achieve. In reality, many people who own businesses don’t necessarily become much richer, but they do become happier. Many people find that by running a business, they become more self-reliant and have bigger self confident. Very few entrepreneurs are willing to go back to salaried jobs, although they make slightly less in a year. For them, running a business isn’t about making a huge sum of money, but they do love the flexibility and freedom.
They simply can’t imagine turning their lives and destinies over to someone else. The initial ingredient of any businessman is the burning the desire for opportunity, freedom and independence. They want to become an independent businessperson and become their own boss. This is something that can’t be dictated or controlled by anyone else. But, why so few people actually begin their own businesses? Ignorance, fear and lack of confidence could be their primary reason. These things are always our greatest enemies in gaining success in business world. It should be noted that fear may blow even the most trivial risk out of proportion. A small risk may paralyze the person and he won’t be able to take the great leap of faith into the vibrant entrepreneurial business activity. Fear easily thrives on ignorance and lack of confidence. It means that we need to chip away at our fear by eradicating components that nurture it. It means that if we consistently deal with our lack of confidence and ignorance, it is possible for us to reduce our fear of doing business.
We need to be thoroughly knowledgeable and we should know what we need to do. This will directly eradicate of ignorance and we will have far more confidence than before. We will gain more courage and it all starts by having good knowledge on doing business. Business knowledge is more than just reading book, but also by having direct experiences. Because so many people have started various business organizations, it means that we can do it as well. There could be people who are smarter than us, but many others have similar obstacles and problems like us. It means, there’s no reason for us have fear of starting our own business. We could start by making low-risk business operations to gather enough experience, although it may mean that we initially have less return than other higher-risk operations.