Businessman | Posted on | Share-Market-Finance
What are the most common fears when it comes to business?
News reporter (CEN News ) | Posted on
Fear and business have a deep connection. There are some fears in associated with all business ventures. One of the biggest fears while doing business is that of risk. Besides the risk, there are millions of kinds of fears in business. Setting targets in business is another fear. And yet another is not being able to achieve that target. The fear of taking a loan from the bank for achieving the target, and that of not being able to repay that loan.
People often do not consult others in business because consultation is also demands money. The decision taken without anyone’s consultation and advice are always doubtful and vulnerable to loss. The next fear is the fear of saying no. In business, we often hesitate to say no as we fear that it would restrict our business growth.
Due to fears and concerns of business, we often forget about our home, society and other responsibilities. This results in cutting us off from our family and society, and this becomes another reason for your fears and anxieties. And the cycle continues: Fear - Business - Fear - Business ...
(Translated from Hindi by Team Lets Diskuss)
421
0
0
Mechanical engineer | Posted on
Well, depends on the business you’re making. An e-store business is not as risky as opening a store. A business with family and friends is not as risky as a business with investors or cofounders you don’t trust. However, in any business, you’re risking your time, and maybe your money. The most important thing is that you’re risking your time because once you’ve lost it you can never take it back unlike money. Therefore, you have to study the business before you start. You have to guarantee that there’s a chance for you to succeed. Search and study even it will take 5 or 6 months. You have to understand the business you want to make before you start. You have to go and ask people for an advice about your business. You have to spend some time studying your competitors. When you understand what you want to do and why and how and with who then you’re lowing the risking and without studying the business that you want to do, you’ll never understand.
253
0
0