Various fears a business owner have and must overcome.

[Mikes smithen]

It is true that managing and operating a business is not an easy activity, how an individual need to pass a whole lot of responsibilities and activities before he or she can absolutely grow and develop his or her business to successfully and prosperity. Many business owners definitely have what they face in their various businesses and because of this they have so many fears. Indeed there are some fears that business owners face and must overcome in the business for example the fear of going bankrupt. Bankruptcy in business simply means in the business gets liquidated in the sense that there is absolutely no financial resources to carry out financial activities and potential expansion in the business. In a situation like this the business might either shutdown or possibly run at a loss. To overcome business bankruptcy, it is advanced the business owners and business managers make sure to use business resources for the right amount of activities. Major cause of business bankruptcy is basically when the business misuses it's resources unreasonably.

Another fear a business owner definitely has towards his or her business, is the fear of losing petitioners that its customers and clients. In order to maintain your customers and clients and also maintain the amount of potential clients and customers that patronizes is your business, it is important that you said and render the right quality and effective goods and services.

 

[Imran Noori]

Starting and running a business is not easy, it needs idea, actions, budget, plans, strategies and growth; someone who starts a business will face big problems and he or she might have fear of problems, as you mentioned one of the fears of a business owner is to see his or her company bankruptcy but in my opinion the biggest problem for a beginner is fear, fear will cause him or her to draw limitations on his or her mind, I see many businesses whether big or small are stopped because of the fear that their owners created in their minds.