What is the first thing you fear when you start business?

[Kirubel]

We all want to start business at some time, and we all start business in order to get profitable and get good income from it, but when we think about starting business we fear some things and we start wondering if the business will work or fail, some of us scare that the business we start will not work and we lose our investments, and some of us scare that the business we start will not be competitive with other business owners.
But for starter what scares you the most when you think about starting business?

 

[McIrx]

Competitors! They scare me the most.

I once collaborated with a family to start a small scale business. At first, it was tough because we were testing an untapped market. Getting people involved wasn't easy.

With years of awareness and consistency, we gained people's trusts and our business started thriving. Then, out of the blues, a competitor arose. We weren't bothered, we owned the market.

Shortly after, we started encountering regular technical difficulties in our business. With each technical failure, we lose customers to the competitor. Eventually, we folded.

It was months after when one of the dudes confessed he was one of the instruments used by the new guy to disrupt our business. They'd tampered with our stuff whenever we are away.

Since then, my worst fear in business is dangerous competitors.

 

[Kirubel]

It was months after when one of the dudes confessed he was one of the instruments used by the new guy to disrupt our business. They'd tampered with our stuff whenever we are away.

Now see the problem of having too much competition, will lead to cheating amd using un ethical thing if they cam win the competition the right way, and that is really scary, its unfair why people do that.

 

[eLdavis]

The first thing i usually worry about is that i would not be able to succeed in the business. This has always been my worry and fear, but the best thing is to never let this stop us from doing what we are supposed to do.

 

[Kirubel]

The first thing i usually worry about is that i would not be able to succeed in the business. This has always been my worry and fear, but the best thing is to never let this stop us from doing what we are supposed to do.

Yeah, all new business starters fear that their new business ability of success rate and becoming good business, i think this fear is not only new business owners fear it is also experts fear.

 

[SHAHID987]

When we start any business we have the first fear as if we'll fail then what will happen, or at least it is the fear of mine. When I started my general store business, this fear was surrounded me and I was feeling upset by it. Then I overcome it by ignoring it.

 

[Kirubel]

When we start any business we have the first fear as if we'll fail then what will happen, or at least it is the fear of mine. When I started my general store business, this fear was surrounded me and I was feeling upset by it. Then I overcome it by ignoring it.

Yeah, most of the time fearing that our business wil fall and we get broke is the most hardest thing we fear the most, and overcoming that fear is good thing to do otherwise we will stop the business and that will have bad experience.

 

[Kirubel]

When beginning a business, many people are afraid of the unknown. Uncertain market dynamics, financial difficulties, and the uncertain trip can all cause worry. Overcoming this phobia necessitates careful planning and adaptability.

True thus things that you mentioned are the reason why new business owners fear when they start a business, and from all that not knowing the business will be the scariest because we don't know what we will face when we start the business.

 

[Starmix]

The first thing I was feared about when I first started my business was customers if there will be to buy my milk tea. It's scary considering the space rent, capital, salary for stop and more. Fortunately people flocked.

 

[Kirubel]

The first thing I was feared about when I first started my business was customers if there will be to buy my milk tea. It's scary considering the space rent, capital, salary for stop and more. Fortunately people flocked.

Fearing when you start a new business is a comment thing the right thing we all have to do is be strong and try to overcome that feeling, and if you have someone close try to share your feeling with them.

 

[Starmix]

Fearing when you start a new business is a comment thing the right thing we all have to do is be strong and try to overcome that feeling, and if you have someone close try to share your feeling with them.

That occurred during the first day. This time I no longer feel afraid. I already have many customers. I still need to work harder to attract customers.

 

[Kirubel]

That occurred during the first day. This time I no longer feel afraid. I already have many customers. I still need to work harder to attract customers.

You are right even for most of new business owners the fear only last for some days, and if they are strong they will forget about their fear in short period of time. since we invest our money and losing that money makes us worry that's the main reason.

 

[Suba]

When I first started operating a business, the thing I was most afraid of was that the available capital was not enough to operate the business, so I only bought inventory in small quantities so I didn't get a price discount.

 

[Starmix]

You are right even for most of new business owners the fear only last for some days, and if they are strong they will forget about their fear in short period of time. since we invest our money and losing that money makes us worry that's the main reason.

There is always fear in business because of a possible risk that may come suddenly like fire, earthquake, robbery, or strike. They will affect our business and people will have a panic attack so they will leave the establishment.

 

[Kirubel]

There is always fear in business because of a possible risk that may come suddenly like fire, earthquake, robbery, or strike. They will affect our business and people will have a opaic attack so they will live the estabkishment.

Oh men, those things that you mentioned are the worst thing to experience because when you face fire, earthquake or robbery when you are new to the business then there will be some difficulty time, and going back will be pretty hard.

 

[Goldynn89]

I feel concerned about getting sales in the first few months. That's the first marker of how successful the business will be. Six months after and you can determine the direction the business will go based on how much customers and sales you have

 

[Starmix]

Oh men, those things that you mentioned are the worst thing to experience because when you face fire, earthquake or robbery when you are new to the business then there will be some difficulty time, and going back will be pretty hard.

You'll be losing a huge amount. It's better to ensure the business to have a financial backup in case a work of nature cannot be avoided to attack the earth affecting businesses.

 

[Kirubel]

You'll be losing a huge amount. It's better to ensure the business to have a financial backup in case a work of nature cannot be avoided to attack the earth affecting businesses.

Yeah, when we start a business we don't have to be all in, what am saying is we don't have to invest all the money we have because if something happens it will be hard to stand with out two legs.

 

[allison001]

We all want to start business at some time, and we all start business in order to get profitable and get good income from it, but when we think about starting business we fear some things and we start wondering if the business will work or fail, some of us scare that the business we start will not work and we lose our investments, and some of us scare that the business we start will not be competitive with other business owners.
But for starter what scares you the most when you think about starting business?

When I think about starting my own business, I always have this fear that my money used for the business will be gone, and i always withdraw from starting the business.

 

[Kirubel]

When I think about starting my own business, I always have this fear that my money used for the business will be gone, and i always withdraw from starting the business.

Yeah we all have faced this fear when we think about starting new business, and we all fear that when we invest our money something bad will happen and we think that we will lose our money that we invest on the business.