There could be thousands of great ideas out there that never see the light of day. Many of these will be ideas had by brilliant women that never let their entrepreneurial fire burn bright, thus robbing the world of something of great value, their business. All too often women squash any spark of entrepreneurship in them before it has a chance to catch and burn. There are many reasons for this, but these are five of the most common.
Many women hesitate to step out and start their own business because they feel it will take too much time from their families. While this could be true, it does not have to be. The number of successful women-owned small businesses that are run from home is staggering. These women manage their home, tend to the needs of their family, and run their business all at the same time.
The fear of failure, the fear of not having a secure income, the fear of what others will say, the fear of neglecting family, and countless other fears stop thousands of women from starting a small business. Debbi Fields described it perfectly when she said:
“The important thing is not being afraid to take a chance. Remember, the greatest failure is to not try. Once you find something you love to do, be the best at doing it.” – Debbi Fields
By this standard, if you are afraid to fail then you must try, or else you actually have failed.
Lack of Capital
Women who decide to start their own business often stop before they get started due to lack of funds. It takes money to start a business, and if they don’t have it they just do not try. Lack of funds is rarely a valid reason for not starting a business, when you consider the number of small business loans for women that are available. In addition to SBA loans for women, many alternative lenders offer start up loans for women. Help is available when it comes to small business loans. Sites like Biz2Credit.com helps sort through the small business loan application process and find the best rates and terms for financing.
Lack of Motivation
This one is hard to conquer. Either you have the drive or you don’t. Many women find the drive out of financial necessity or a desire to be home with their kids. Others are more content with where they are, and their ideas are just things they consider now and again. Owning your own business can be rewarding in many ways, but you have to want it. If you have an idea but are having trouble finding the motivation, consider the rewards. If you want what entrepreneurship offers, stop being lazy and make it happen. What are you waiting for?
What Others Think
Maybe a sibling thinks the idea is dumb, or a friend thinks it is a good idea but you don’t have what it takes. While wise counsel is important, do not let the opinions of others stop you from starting your own business. There is lots of support available for women in small business, and you can do it regardless of what others think if you have help where you need it.
There are plenty of reasons to forget an idea, put off getting started, and extinguish that entrepreneurial flame — but there is one even bigger reason to get going. Imagine what you could be missing if you don’t. Make a New Year’s Resolution in 2013 to pursue your dream of small business ownership!
This article was submitted by Faith Stewart. Faith Stewart has a BBA with a major in accounting and spent 10 years working in the various aspects of accounting and finance before pursuing her passion for writing.