What has been your high letdown when starting a business.

[Khuzaima]

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[Akinwale701]

As an entrepreneur when you venturer out to start your business what was your biggest let down

They are too many to be mentioned. In business one encounters a lot of hurdles and if care is not taken, all those hurdles are enough to knock one down off his feet but a business owner needs to monitor that area very well and be strong

 

[Psalmseen]

The major challenge I have that have been delaying starting my dream business now is capital. The capital involved to start it is a set back. I've not been able to actualize it because at least to get started, I must have the capital sufficient to run it for a minimum of 4 months without lacking. Because without that, the end result will have no profit

 

[Adesuwa]

Some people of nowadays their highest letdowns are the capital land labour and enterprenuer they don't have much in these they Will start having a feelings of lack of interesXt in that business.
Due to the fact that the capital is high many companies don't go into the project they ought to do.

 

[Greatguy1]

Staff ran away with my money and couldn't trace him. It was one of my heaviest transactions and cash payment was still en vogue. The staff was sent to help get the cash for the business transaction. After collecting the cash from the customer, he ran away with it.

 

[Abisola]

Entrepreneurship Essentials introduces you to the entrepreneurial journey from finding an idea, to gaining traction in the marketplace, to raising capital for your venture. This course explains how entrepreneurs run structured experiments to validate ideas and refine business strategy. You will dive deep into the numbers behind how entrepreneurs and their investors make financial decisions to create value and grow their operations.

 

[Segshowee]

As an entrepreneur when you venturer out to start your business what was your biggest let down

My biggest let down was in the area of low patronage. Couldn't it the projected sales target as result of low customer turn. It really weighed me down for a while but I picked up myself, analyzed the situation and devised a solution.

 

[nasiusman95]

Trying something new can either be fun and exciting, or it can be unfamiliar and frightening. How you perceive new experiences, people, and products, all depends on how it has been presented to you.

If your company is launching a completely new product, the sales team must learn how to sell that product to a new buyer who doesn’t know anything about it yet. You could be an early-stage startup launching your minimum viable product or an established business launching something new, but everyone goes through the same struggle:

 

[Highflyer]

My highest letdown or disappointment when I intend starting a business is lack of capital to start. Getting the staff and other factors like land, and labour are not hard at all. My problem has always been funding.

 

[Bart Simpson]

I have an idea of some kind of company, but bringing it off the ground is not so simple because of the money. I am unable to build the capital framework required to start a profitable enterprise. Thus, the money required for the start-up is one of the biggest obstacles that people may face to begin their first company.

 

[Kiwi]

I do not see enough or manageable capital to establish the business. If you don’t have experience running a business, you should definitely consider abandoning your current career first.

 

[Mostee501]

Starting a business requires financial capabilities to enable one to push up with plans. Finance has always been my let down in starting a business but all hope is not lost at all,with the right amount of savings I'll start up my business.

 

[Mika]

When starting my business I did not have any letdowns. I was very happy that I started the business. I started my business with my savings and I also did not invest a lot of money. I started the business in a way that even when the business failed, I would not incur any loss. Now that my business is running since 8-9 months I am beginning to have letdowns. My expectations are not met, my business has failed to be self sustaining.

 

[Fatima]

To me my biggest let down as been disappointment from family members, I always discover that only few will believe in you and none us ready to support you, right now I just want to be on my own and gather little money without waiting for any one

 

[Bart Simpson]

I have a lot of plans, but the issue is that I can't start the company I want to start because I don't have enough resources. If I am to develop this company — I do not have adequate or manageable resources. So, and I think that money is the big obstacle that face most members to begin their own company.

 

[Has.an_shahid]

Each business is unique and there's various ways to getting something going. In the event that you don't have an arrangement for beginning your business, it can get truly muddled. There are interruptions to battle with and you'll wind up re-thinking what you ought to be chipping away at.

 

[tyrim88]

When i started my business the issues i was having was the customer aquisition and retention,new customer will always abandone you for same products that are slittly cheaper,Then we introduced a price slash and concentrate on turnover.
Another is inadequate finance to fund a project that has high prospect of earning.

 

[Mostee501]

As an entrepreneur when you venturer out to start your business what was your biggest let down

My biggest let down was finances, it was so difficult to meet up to the financial aspect of the business, the plan was set out perfectly, and its not a kind of business whereby you can start small,if not that was what i would have opted for.

 

[FreshKaz11]

As an entrepreneur when you venturer out to start your business what was your biggest let down

Me as an entrepreneur,my biggest let down when it comes to my business is funds to get some equipment for my business to keep growing more better, because I deals with musical instruments for shows and party,so I need more funds to get more instruments as well.

 

[Neeta313]

Honestly that fear of failure is what kills the whole idea of even starting up a business, even if deep within you, you know that if you start up this business you are likely to excel, you just feel what if people don't patronize you, just that fear of failure and then having to invest and not make the expected profit.