Why it is very difficult to start a business of your own?

[Lens1000]

Starting a business of your own is very difficult because there are some certain circumstances that are behind it and if we cannot overcome this, it will be extremely difficult to carry out the necessary plans to start up a business.
Self-esteem is very important whenever you want to start up a business . If you have a low self-esteem, you will never start your own business because you will believe that it is going to fail or you will believe that you cannot manage it . You will always think low of yourself. It is very correct that people with low self-esteem will have a negative thought that they cannot establish a very viable business. As such, they always believe in employment.

So many people are afraid of the pressure that they would experience when they establish their own business and it is quite normal thing to happen. Whenever you want to establish business, the presure will be huge but it will be commensurate to the profit that you are going to make . People who did not want to go through any pressure believe that they can trust employment where pressure will be minimised and they will not want to take any risk in the business.

 

[Johnson2468]

Capital - A large amount of capital is needed to start a business, and this capital can be challenging to come by, particularly for people who lack the necessary financial resources.
Competition - With so many companies currently operating in the market, it might be difficult to come up with a standout concept.
Regulation - Starting a business also entails navigating a complicated set of laws and rules, which can be expensive and time-consuming.
Lack of experience - Starting a business can be stressful for those without previous business management expertise because it necessitates a diverse set of abilities.
Time and effort - Starting a business takes a significant investment of both, including market research, product development, marketing, and networking.