Are These Self-Limiting Beliefs Preventing You From Starting A
Small Business?
Here are three common disabling beliefs which prevent people
from starting small businesses because of the fear of failure.
Many think they are not well enough educated, come from a poor
background which holds them back, or think they need loads of
money to get started in a new small business venture.
Let me show you why I think these are not true.
Lack Of Education
Many believe you need a good education to make a lot of money or
to start up successful small businesses.
Far from being held back by poor education, it may actually be
an advantage. Just as blind people often have much better
hearing, people who have less education often compensate in
other ways.
They may communicate more effectively to a wider population,
they often exhibit greater dexterity and ability working with a
wide range of materials and have great ability to judge risk and
reward.
A good education can even be shown to be a disadvantage to
entrepreneurship.
It is normal for well-educated people to find it easy to get a
job. This means they are making money for someone else, in
exchange for a smaller proportion of money back. (If employers
didn't make more money from their workers than they paid them,
then they couldn't continue to employ them.)
Having had a good job for a while, to give it up on a small
business enterprise usually means risking losing that job, and
the money that comes in with it, which may be needed to start
the new venture. This brings us to another myth-
Lack Of Capital
Many believe you can't start a new moneymaking venture without a
lot of money to get started. I don't believe this!
The old saying "If you ain't got nothing you ain't got nothing
to lose" really is true.
If you have a lot to lose by risking a new small business
venture, you may be so cautious of failure that you fail to
succeed.
So many seriously rich people started from flat broke or in many
cases from serious debt, you have to conclude that a lot of
capital is not necessary.
J. K Rowling is one of the richest individuals in the UK. While
she was writing her first novel she had barely the price of a
good meal to sustain her. She even had to type the book out
twice (with a second hand typewriter!) to send a copy to the
publishers because she couldn't afford to have a photocopy done.
Living In A Poor Environment
Many believe you need to come from a rich background to become
rich. Baloney!
People have worked their way up from living in tin shacks to
owning hotel chains. It is just as easy to sell goods to people
in the ghetto as it is in the richest street in town.
Indeed it is often much more profitable to sell cheaper goods
than more expensive goods.
Here's a few examples-