Why start a business
There are five reasons to start a business
Playbook
There are five reasons to start a business
Financial independence is not the biggest reason for people to start businesses. Majority want to be in charge of their destiny. About 62% of the people want to start a business.
5 reasons to start businesses are being in charge of the destiny, financial independence, flexible working, more satisfaction, and more money.
5 barriers to starting are financial concerns, lack of funding, fear of failure, stress, and lack of confidence.
5 personality traits people look to do businesses are hardworking, persistence, risk taking, creative, and ambitious.
5 biggest struggles in running a business are marketing/ advertising, finance, networking, sales and technology.
As per Balance SMB:
A recent study published by startup-focused content site Failory found that 90% of startups fail.One of the main reasons cited was that the product was not a good fit for the chosen market.
If entrepreneurs avoid the failure, the business thrives. Knowing the market and testing the market are the two key things to avoid the failure. The other important things are availability of time, money, financial resource and networks.
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