Posts Tagged ‘New Venture’

Are These Self-Limiting Beliefs Preventing You From Starting A Small Business?

Here are three common disabling beliefs which prevent people from starting small businesses because of the fear of failure.

Many think they are not well enough educated, come from a poor background which holds them back, or think they need loads of money to get started in a new small business venture.

Let me show you why I think these are not true.

Lack Of Education

Many believe you need a good education to make a lot of money or to start up successful small businesses.

Far from being held back by poor education, it may actually be an advantage. Just as blind people often have much better hearing, people who have less education often compensate in other ways.

They may communicate more effectively to a wider population, they often exhibit greater dexterity and ability working with a wide range of materials and have great ability to judge risk and reward.

A good education can even be shown to be a disadvantage to entrepreneurship.

It is normal for well-educated people to find it easy to get a job. This means they are making money for someone else, in exchange for a smaller proportion of money back. (If employers didn’t make more money from their workers than they paid them, then they couldn’t continue to employ them.)

Having had a good job for a while, to give it up on a small business enterprise usually means risking losing that job, and the money that comes in with it, which may be needed to start the new venture. This brings us to another myth-
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