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Why Small Business Opportunities Become Costly Frivolities

Apr 10, 2008
We see endless lists of small business ideas and opportunities in articles over the internet and they all appear sensible, practical and practicable. The advertisements even make them seem fail-proof. Like you can never go wrong. Low or no capital at all. So why a lot of people still fail? Over half of business ventures in every place shut down after only a few months of operation. And the money and effort spent on them is no joke. So why small business opportunities become costly frivolities?

People are generally like children. They tend to get excited about new things and new ideas. They have a tendency to get carried away. So they jump off right away at the first business opportunity that comes along their way. They are inclined not to think and plan it thoroughly. In their excitement, they forget to anticipate problems and other factors in putting up a business. All they see is the opportunity and the good things, especially the amount of money, it would bring. People fail to see all sides and every little possibility that could go wrong. Like children, they get carried away easily. But after a few months, they would tire of it. Get bored with what they are doing and start to realize that they would not want to do it for the rest of their lives and just quit.

Another factor is the mindset that says, My friend earned this and this amount of money in this kind of business. She says it's just easy and fun. I can do that, too! That mindset is all you need to fail even the smallest business opportunity. After a while, you would again realize that it is just not working for you. And you would ask yourself why. My friend pulled it off, so why can't I? That is because businesses are like shoes; one size does not fit all. A business that worked for a friend may not work for you because every person is unique. Your friend has different set of values, preferences and passion.

So for a business to succeed there has to be passion. Passion is not something that dies easily. It stays with a person for almost a lifetime. It is what makes a person what he is. When there is no passion, you would easily get bored and tired of what you are doing. Everything would seem routinary and robotic. It would wear on you like an irritating fragrant of perfume. You would eventually stop doing your work well. You would simply not have the drive to do better, neglecting competition. And your customers and clients would catch on it and stop coming. Remember, a businessperson should have faith in what he sells or offers. It is what he would communicate to his customers and it is what would make them patronage your service or buy your products. People these days are intelligent consumers. They know when you believe in what you say or not. They can recognize pure sales talk.

So before you jump into some small business opportunity and start spending time and money on it, take your time to think of what you really love doing. What are you passionate about? What is it that makes you feel alive? What is that something that you would never tire of doing? That is the very first thing that you have to do and everything else would follow.
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