Everyone wants to make money through different means. Money can be an agent of insult if an individual is not able to provide the basic necessities for himself; one finds out that to get these necessities, one must have the gateway to them which is MONEY. Some wants to make enough money while others want to make little money as far as they would be comfortable. Most people have tried through different ways to make money, but they find it hard, because they encounter challenges and setbacks.
Money is an activator of determination in the heart of every individual, and this is caused by the look into the future of what money can give and do for a man. However, most people let this determination to wither away, because of the surprising challenges which sometimes seem insurmountable. When an individual is set to make money, he finds out that there are demonic obstacles which prevent him from achieving his goal of making the amount of money he wants. Some of these obstacles might include: lack of resources, lack of patronage and lack of experience. The most common one that forces several businesses to close even after start up is lack of patronage and failure to make income in that business. Notwithstanding, the individuals should not despair, they should walk hard to achieve their goal.
Further down in this article are the obstacles faced by individuals in business start up and their possible solution. Thomas Edison failed so many times before he was able to complete his task. Abraham Lincoln failed many times in his bid for political posts, but finally, he won the most valued post in US through his determination and drive. The current president of Nigeria sought the seat of the president of the country for twelve years, four consecutive times before he finally won the seat and the heart of Nigerians. There are many other individuals who faced stiff challenges, but they were able to over them and become great. When one fails, he should be determined more than ever to overcome his set back. Determination is the key, without determination we won’t have these great people who failed and yet they weren’t forced to stop.
The Challenges and their Solutions:
1. Lack of Determination: Determination is the most important immaterial property needed by an intending business man. Without determination and drive, the business is a failure already, and eventually if it fails, there will be no determination to keep it working. So, an intending business man has to have the determination and drive to achieve a lot in the business world. To solve lack of determination, one should try to venture into the business that interests him. A lover of technology should establish a technological company; one who is a writer should establish a publish company; one must have interests in a business to increase the chances of the success of the business.
2. Fear: Fear is another factor that limits the success of business men and entrepreneur. There are so many forms of fear which may include fear of oneself, fear of failure, fear of people and fear of acceptance. To be a successful business man, one should try to limit his fears; limit is the word because one can never kill fear. However, if it is possible, one should endeavor to kill the fear in order to succeed.
3. Lack of Resources: This challenge is faced by young entrepreneur and others who find it hard to fully start up a business because of lack of money and other needed resources. The capital for the business is usually the major setback of most businesses. There are some countries which have anti-economic policies that deny intending businessmen loans and capital. A determined individual should find ways of getting resources to start up his business especially through writing proposal and applying for these entrepreneurial competitions where one can win money to start up a business. The key issue is an innovative and uncommon idea with an astonishing proposal.
4. Bad Dreamer: Dream is a vital part needed for the establishment of a business. For one to be great, he has to pass through the level of dreaming, and this doesn’t mean daydreaming. Dreaming unrealistic dreams is bad dreaming; these are dream that are not achievable. When one dreams of a career or business, he should try to dream realistic and achievable dreams, and he should also believe in those dreams.
5. Lack of Research and Knowledge: One of the causes of the failure of businesses is lack of research and knowledge of the business. When one doesn’t arm himself with the needed knowledge of the business, he tends to fail because of lack of knowledge and research. Even in the bible, it is written that people die because of the lack of knowledge. One should endeavor to carry out research of a particular business before venturing into it.
If an intending businessman is determined and able to surmount these challenges, there is high possibility of creating a successful business enterprise. Remember that determination is the key. Dream, draw a plan, check the risk and be determined, success shall be all yours.
Chinwe O'Brien is a writer and a blogger. He is currently doing a degree program in English and Literature. He blogs at http://www.bettertimes.tk He wishes to make the world a better place for all.