Starting a business is considered to be an uphill task. While majority of the young minds want to venture into entrepreneurship, they are hesitant to do so. Reason – The initial steps of starting a business is unknown.
It is this vagueness of idea, the fear of the unknown or failure that prevents many from taking that crucial first step. Moreover, many find starting a business an overwhelming process in the mistaken belief that they have to start from scratch. The thinking is: I’ll have to come up with a product/service no one has ever done before - then only will my business survive.
However, experts believe that starting a business is not always reinventing the wheel. Rather business entrepreneurs should focus on business growth. Example - How can I improve on my business? or Can I deliver this service better from the other competitors?