5 Rubbish Excuses for Not Starting Your Own Business

Have you always dreamt of running your own business, but you’re too afraid to start your company because you’re filled with excuses? Then snap out of it and understand that anyone can start their own business if they put their mind to it. Continue reading to learn why the following five excuses for not starting a business are rubbish.


1.      You Don’t Have the Money

Many people think that they need a lot of money to start their own business. First off, you don’t, as there are many ways that you can start your own business without high upfront costs. Also, a lot of people tend to think that they need to invest their own personal savings into their new business. This is also false, as there are many lenders who are willing to work with individuals who are new to starting a business. This website is a great resource if you want to learn more about loans that you may qualify for.

2.      The Timing Is Off

If you’ve been holding off on starting your own business because you think that the timing isn’t right, you need to ask yourself when it will ever be right. If you’re waiting for something spectacular to happen, you’ll be waiting a long time. In the end, there really is no better time than right now to give your dreams a chance. And remember that, no matter when you start your company, you’ll inevitably deal with challenges. It’s simply a part of doing business, and it really has nothing to do with the time that you started your company. So unless you’re planning on starting a business in an industry that’s already on its way out, go ahead and put your plan in action.

3.      You Don’t Have the Education or Experience

Look up some of the founders of some of the biggest corporations on the planet today and you’ll quickly realise that you don’t need an expensive business school education, or a lot of business experience, to start a project that will be hugely successful.

4.      The Competition Is Fierce

Regardless of what industry you start your business in, you’ll need to face competition, research competitors to learn what they’re doing, and figure out how to outdo the competition. This is part of business, and you have to accept that. No industry has too much or too little competition. In the end, competitors are everywhere, and the key to success is knowing what you’re up against while offering something unique.

5.      Your Business Plan Isn’t Ideal

Writing up a business plan is helpful, as it will guide your decisions and give you short-term and long-term goals to achieve. But there’s a lot more to running a business than writing up the perfect plan. Besides, a business plan isn’t meant to be perfect because it’s meant to evolve as conditions within your company and industry change.

These are just five of many excuses that people make to not start their own business. Good things come from working hard and taking risks, so dive in and see what happens.