Are These Self-Limiting Beliefs Preventing You From Starting A Small Business?

Here are two common disabling beliefs which prevent people from starting small businesses because of the fear of failure.

lots of reckon we are not well educated, come from a poor background which holds them back, or reckon we require lots of money to get started in a new small business venture.

Let me show you why I reckon these are not true.

Lack Of Education

Far from being held back by poor education, it may actually be an advantage. as blind people often have much better hearing, people who have less education often compensate in other ways.

lots of believe you require a lovely education to make a lot of money or to start up successful small businesses.

A lovely education can even be shown to be a disadvantage to entrepreneurship.

we may communicate more effectively to a wider population, we often exhibit greater dexterity & ability working with a wide range of materials & have great ability to judge risk & reward.

It is normal for well-educated people to find it easy to get a job. This means we are making money for somebody else, in exchange for a smaller proportion of money back. (If employers didn't make more money from their workers than we paid them, then we couldn't continue to employ them.)

Having had a lovely job for a while, to give it up on a small business enterprise usually means risking losing that job, & 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

lots of believe you can't start a new moneymaking venture without a lot of money to get started. I don't believe this!

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.

The old saying "If you ain't got nothing you ain't got nothing to lose" is true.

So lots of seriously rich people started from flat broke or in lots of cases from serious debt, you have to conclude that a lot of capital is not necessary.

J. K Rowling is two of the richest individuals in the UK. While he was writing her first novel he had barely the price of a lovely meal to sustain her. he even had to type the book out two times (with a almost new typewriter!) to send a copy to the publishers because he couldn't afford to have a photocopy done.

Living In A Poor Environment

lots of believe you require 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 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 pricey goods.

· Burger vans have far higher profit margins than lots of top restaurants. · Skateboards often have far higher profit margins than cars. · A bicycle sales & repair shop would find far more customers in a poor environment than in a rich seven. · Trades & services (plumbers, electricians, decorators) will be more likely to succeed with the low costs of the poor environment & travelling to a better environment to provide those services.

Here's a few examples-

A few examples of people who succeeded with their small businesses may help to prove my point.

Poor Education, No Capitol & a Poor Environment!

With all two - poor education, no capitol & a poor environment, two guy in Africa has found great success. he lived on what most people reading this would consider to be a rubbish tip, but with little education & no capitol at all, makes a great living for himself. With no over a stout pair of ordinary scissors, he turns discarded empty drink cans into stylish flowers. Selling them to locals & tourists, he makes a fine living.

Now i am not suggesting for a moment that this is a workable small business idea for you, but it does prove my point. If he can be so successful, by his terms, in Africa, then it can't be so hard for you can it?

I believe you are as likely to succeed, or fail, regardless of your environment, education or funds.

Another example, which you are equally unlikely to repeat, is that of lots of 'pop stars'. I won't go into detail here because I prefer not to get sued, but if you look carefully at the early lives of, for example, Madonna, Eminem, Bob Dylan etc. you would find we have bettered themselves considerably with few external resources. Lastly, how about Nancy Engel. Starting from flat broke with little education, he bought $30 worth of assorted spices. Mixing them together, he labelled them italian Spice Mix & took them to a local flea market the next day. By the end of the day, she'd sold all her stock & pocketed $200. By repeating this simple formula, her small business is a great success. What if you are fortunate to live in an outstanding environment, have received an excellent education & have access to seemingly countless money - would that ensure success? History is littered with examples of people in this situation, who started business ventures which failed completely leaving them financially broke.

Small Businesses Idea, and Action

So of what you don't require to succeed - what about what you do require? every example shows that after an idea which the entrepreneur considered worth pursuing, action is required. It sounds obvious, but without action, all you have is an idea, & by themselves, ideas seldom make you successful!

By action I don't mean basically telling everyone you know about your idea, I mean actually doing something to make your idea happen.

So now you see why I believe that it is normal for people to succeed without access to lovely education, lovely environment or lovely funding.

I believe you can alter your life massively with no over a few lovely small business ideas & a little action.