Do you think it's easy to start your own business?

@reco13 (605)
Philippines
September 29, 2011 4:19am CST
For a business-minded person like me, I positively think that putting up my own business is easy. I am motivated and goal-oriented and I see myself successful being in business. Maybe, the only problem I may have is manpower as we cannot trust easily all person. Also, it crab mentality is still rampant here in our country. I am currently in business and it runs well so far. What about you, what are the shortcomings of your business?
1 person likes this
25 responses
@KOSTAS499 (1625)
• Greece
27 Oct 11
What yoy say is very important. I am currently looking for an idea. You have to be innovative and have a fresh idea. Not do what others do. I also believe that you should try to work your way up little by little. Take 1(your currency) each day, as many times a day as you can and make a profit by getting a lot of satisfied customers. Don't try to get rich quick. Our goal should be taking little money from a thousand customers and not 1000(your currency) from one customer.
@ifa225 (11098)
• Indonesia
24 Oct 11
Hi reco, i am not a business women. i had tried to start my new one, but it is hard since i am not a patient person and tough person. i try to sell some health products but i am failed.
@mturacom (634)
• India
2 Oct 11
Starting a business may be easy but running it successfully is a whole different story. It is good if you are successful in your business but most the people fail in doing so due to many reasons like poor management, carelessness etc. I also own a food shop and as you have mentioned the manpower problem, I am also suffering with it. Many of the times I don't have enough workers for cooking and serving because they are not willing to work and always have excuses for getting a leave etc.
@andy77e (5170)
• United States
1 Oct 11
Starting your own business is really easy... if you have something you like to do. If you like to paint pictures, then start selling your pictures, or doing commissions, and off you go. On the other hand if you don't have anything you like to do, then starting a business is very hard. I don't have anything I like doing. So for me, starting a business would be nearly impossible.
@gtdonna (1740)
30 Sep 11
Starting a business is fairly easy, but like you mentioned one has to be determined and motivated to keep it going because the 'crab in a barrell' mentality can sooner or later cause some business owners to call it quits when they do not get much support. I like to tell up and coming business owners that "Sometimes you have to fall down in order to be able to get up and move forward" because in falling down you will see who will aid, support and encourage you and who will not and by that yardstick you can measure those who say they are friends and will stand by you and support you and those who just want to stand by you when you are making money, not when you fail. Works everytime!
• United States
30 Sep 11
You know, I've had people assume that when I started my business I had it easy, since I was fifteen and my father was also in the business. It's anything but easy. It's not necessarily difficult, but it's challenging and an ongoing issue you have to be willing to fight through just to get to the basics! I'm a real estate investor. I buy properties, fix them up, and rent them out. It sounds easy, but it's a job that comes with ongoing risk. I bought my first property, a condominium, when I was fifteen. Like I said, my father was in the business, but neither him or I wanted him to do anything more than give me advice from time to time. When I bought the property and was in the bank meeting for the mortgage, nearly every person involved didn't take me seriously, for starters. Afterwards, I had to learn quickly how to paint, fix things, notice all details, and how to decide what in the property needed replaced, etc. I had to learn all this extremely fast, since each day that went by was a day it wasn't rented. Then, I had to show the property. Again, some people seemed to think my father was the one who owned the property, so it was a hassle alone to get people to take me seriously. I also had to learn how to be confident and sociable with people I didn't know, since I had to sell a one year lease to them. Finally, I did get it rented, and all was calm for awhile. Sometimes the rent was late, but I had a good tenant who sent the late fee automatically. Within two years, however, I had to repair the place and rent it out once again. One thing about this career is that when your property goes vacant, you have to drop everything you're doing to make the place sparkle again. Time is money, literally, and you risk people completely trashing your property. I have tenants right now that rent a three bedroom home I bought to expand my business when I was eighteen. Just two years ago, their clothes washer in a laundry room off the kitchen started to leak. Three months and a wet kitchen floor later, they called me to tell me. Needless to say, I had to replace the entire kitchen floor, which cost me upwards of $2000. If they hadn't been negligent, I would have saved $2000. Lastly, this isn't a business that gives you a good profit until you have a list of properties beneath you...and that takes time. I have a mortgage on each property, condo fees in some cases, insurance bills, property taxes, and I have one property that needs a "mandatory sewage line" installed within five years, at the cost of $8000, that I can get imprisoned if I don't install. I have enough from rents to pay my property's bills, my half of my personal bills at my house, and...I make a grand total of $1000 per year afterwards. Being a landlord is thankless, but personally, I enjoy it. It requires no "hours per week", and I have the ability to fix and remodel, which I love.
@achraf52 (180)
• Morocco
30 Sep 11
Yes I also think that and if you have all this capacities you'll enjoy doing it just raise a capital and work .
• United States
30 Sep 11
Hi! I like to bake so for me it's just a matter of getting the word out; I'm introverted by nature so I need to take control of the situation and get the word out. I also need more practice with the decorations. I doubt I will be Cake Boss but I'd love to be consistent. Other than that, I think it's quite possible so if you have some imput, let me know because I could use it!
@anil02 (2886)
• India
30 Sep 11
It is depend on attitude of person. For lazy one noting is easy. He dislike service and business as well. For a person having positive attitude every thing is easy. It is my suggestion to you believe in your persons. With delegation of work success is not possible. But blind trust is harmful for you and your business.
@jdyrj777 (6558)
• United States
30 Sep 11
The hardest part of starting a business is getting the funds needed to get it started.
@minimoyz (277)
• Philippines
30 Sep 11
Starting my own business would be easy for me if I have the capital to do so. I can easily hire people whom I trust to work for me. I want my business to be small at the start then big at the end. I don't like it to be the other way around. My motto in life is to win and to win is to win it big.
@as2006 (5041)
• Israel
30 Sep 11
It's easy if you know what to do. I'm an owner and the most important think is to have always costumers. I want to sell things on eBay do you have some ideas? Thanks
@derek_a (10903)
30 Sep 11
I have been in business for myself most of my life - around 40 years now. I think the biggest problem that most people starting out is that they don't not have specific and dfineable goals for their business, and that they tend to get a little impatient for fast results. Yes, if you find the right product at the right time, results can be amazingly fast, but as other find out about you, they will copy your ideas and there will be more competition than you may want! I am cutting down my work load now as I have worked hard all my life and now can relax a litte more. But I will always work some of the time, because I am not a person who can sit around and do nothing. I haven't employed people for many years now, but when I did, there were good workers and not-so-good workers. What I found is that we have to trust or the stress will prove too much, but we also have to stay alert and focused in all aspects of our business. _Derek
@guangjie (32)
30 Sep 11
i find the site sohuathome.blogspot.com is a good place to show you how to start your business
• Philippines
30 Sep 11
We are running a small business now. We just started this year. For me, starting a business is kinda difficult especially that me and my husband is working. We really need to have someone we can trust to look for the business. Good thing, my parents finally agreed to look for it. Aside from the manpower, we also need extra money for additional capitalization. The demand now in the store is growing, and we are trying our best to keep it up. We also need other or let me say, better way of transporting the products. Right now, we are using our car for transporting the products, but our car is kinda small, the storage of our car is not enough to carry all the products so sometimes, we have to get the products from the supplier three or four times a week! which is not good, because we are using fuel, time, money and effort for that. Whew! ;-(
@pahak627 (4203)
• Philippines
30 Sep 11
I'm a government worker and I have a sideline, selling cosmetics, act as a guarantor at a department store, and sell e-load. Most of my customers purchase from me on credit. I have done this because my income is not enough for our subsistence and other expenses at home. I end up spending my capital so I have to begin with a new capital to continue my small business. I guess it's hard to start a business. Mine is not really a good one.
• United States
30 Sep 11
i think it is extremely hard to start your own business even if you are self motivated and goal oriented it is still very stressfull especially with todays economy when alot of businesses are going out of business and just because you went to college and have a degree that says you know what your doing does not mean that you really do know what you are doing i think money would be the biggest stress that owning a business would come with i would also have trouble trusting people to help me run the business
@00fear (3203)
• United States
30 Sep 11
I think it is kinda easy to run our business. We also have our own business but there are times where it can go back. We have been able to make money from 2 jobs that we had (but money to invest not to waste, we are still beginning) but after trying to look for our 3rd job, we realized that the business we are starting, a lot of people are doing the same, so we are competing against others.
@danitykane (3193)
• Philippines
30 Sep 11
Hello reco, Wow...congrats for having a wonderful business. I myself would like to have my own business but the only problem is the lack of capital to start my dream food stall/food chain. Also, I would like to have more information about the business I am in the future would like to venture. I think for some it would be easy but as you've said there are factors that makes it uneasy to run a business. If I only have the money and manpower I bet I could start my dream business. The only small business that we have that aid us to earn some monthly income is from our small apartment. We don't have any problem or whatsoever since we don't need manpower in operating an apartment. LOL! but I wish to have my own business like you do in the future. Happy Lotting!
@imaica (10)
• Philippines
29 Sep 11
hello reco13! for my own opinion i think starting a business is not that easy. You have to plan for it very well so that your investments will not put to waste. =)