Biggest obstacle to starting your own...

iVillage Member
Registered: 02-19-2003
Biggest obstacle to starting your own...
9
Fri, 10-24-2008 - 9:08am

Biggest obstacle to starting your own business?



  • Need an amazing idea
  • Don't have business knowledge
  • It's risky financially
  • I prefer a salary, paid leave and pension plan
  • I don't know where to start
  • Other (tell us)


You will be able to change your vote.


Avatar for audreyoka
iVillage Member
Registered: 03-26-2003
Fri, 10-24-2008 - 6:07pm
Great question Amy. I'll be interested to hear what others say. I voted for not knowing what to do. That has been my obstacle each time I've tackled something new.
iVillage Member
Registered: 09-05-2008
Fri, 10-24-2008 - 10:29pm

This is a good question! :)


To me, it is the financial aspects. Personality-wise, I am a bit risk adverse. I like the security of having the steady salary, 401K, and benefits.

-Jessica

Introd

Avatar for indexlady
iVillage Member
Registered: 03-29-2003
Sat, 10-25-2008 - 5:30pm

It took me a very long time to figure out what I wanted to do. About 18 or 19 years, or thereabouts. So, in the meantime, I worked

iVillage Member
Registered: 11-07-2006
Sat, 10-25-2008 - 6:47pm
The biggest challenge for me is getting clients/customers. There seems to be no "magic" formula and what worked a few months ago may not work later on. It's hard to keep up!
iVillage Member
Registered: 12-17-2004
Sun, 10-26-2008 - 8:03am
I agree Carly.
Photobucket
iVillage Member
Registered: 12-17-2004
Tue, 10-28-2008 - 8:16pm
Anyone else have feedback to add? I love reading your answers :)
Photobucket
Photobucket
iVillage Member
Registered: 02-29-2008
Mon, 12-29-2008 - 2:04pm
My biggest obstacle is financial backing. My idea is BIG and I am certain that it'll pay off very well in the long run, but it's going to take a lot of captial to get it off the ground. I've considered going the route of investors, but until I have enough money of my own
iVillage Member
Registered: 09-05-2008
Thu, 01-01-2009 - 8:09pm
Yes, if you need a high level of control, venture capital is certainly not the route for you! (Plus, I hear the VC wells are pretty dry nowadays)... However, some "angel" investors are more willing to be less involved. Not sure what area you're in, but it might be worth connecting with one of those networks.

-Jessica

Introd

iVillage Member
Registered: 03-27-2003
Fri, 01-02-2009 - 11:41am

I was lucky with my first. I joined because I wanted the discount. Then was soo excited, I wanted to share with everyone and it began to snowball.


My newest company was one I'd watched for a while but didn't want to jump into. Again, I think my passion for the products made it easier.


But I will say, it is hard to know where to start. When looking for a company, follow your heart, then look at practicallability (is that a word?)


Then sit down and create your road map, goal setting with a plan. :-)


Debbie

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~ ~ Follow your passion!:&n