What stops you from starting your own business?

**tec0** · 13-Jun-15, 02:07 PM

Capital... Don't have money then don't expect to make money. A start-up in this day and age is scary... Banks are not as forth coming as they tend to advertize and our economy is chewing on another fifty-five Billion Rand demand from Eskom not to mention basic infrastructures are failing. Yet there is money to be made but outside South Africa. Friends of mine are doing well in Botswana, Mozambique Madagascar and Mauritius. Others established themselves in Canada, United Kingdom America and Australia. America especially have a big demand for Electricians, Boiler makers and so on. So if you got the skill setting up a business abroad may well be a good next step

**adrianh** · 13-Jun-15, 02:41 PM

Originally Posted by tec0

Capital... Don't have money then don't expect to make money. A start-up in this day and age is scary... Banks are not as forth coming as they tend to advertize and our economy is chewing on another fifty-five Billion Rand demand from Eskom not to mention basic infrastructures are failing. Yet there is money to be made but outside South Africa. Friends of mine are doing well in Botswana, Mozambique Madagascar and Mauritius. Others established themselves in Canada, United Kingdom America and Australia. America especially have a big demand for Electricians, Boiler makers and so on. So if you got the skill setting up a business abroad may well be a good next step

Rubbish, it is the same as saying that you can't practice for the Argus because the bank won't give you R50k to buy a state of the art racing bicycle. Building a business is no different to practicing to run a race.....you simply get started and you keep on going, hell or high water.

**HR Solutions** · 13-Jun-15, 03:04 PM

Originally Posted by tec0

Capital... Don't have money then don't expect to make money. A start-up in this day and age is scary... Banks are not as forth coming as they tend to advertize and our economy is chewing on another fifty-five Billion Rand demand from Eskom not to mention basic infrastructures are failing. Yet there is money to be made but outside South Africa. Friends of mine are doing well in Botswana, Mozambique Madagascar and Mauritius. Others established themselves in Canada, United Kingdom America and Australia. America especially have a big demand for Electricians, Boiler makers and so on. So if you got the skill setting up a business abroad may well be a good next step

That is absolute rubbish.

**BusFact** · 15-Jun-15, 11:15 AM

Originally Posted by tec0

Capital... Don't have money then don't expect to make money. A start-up in this day and age is scary... Banks are not as forth coming as they tend to advertize and our economy is chewing on another fifty-five Billion Rand demand from Eskom not to mention basic infrastructures are failing. Yet there is money to be made but outside South Africa. Friends of mine are doing well in Botswana, Mozambique Madagascar and Mauritius. Others established themselves in Canada, United Kingdom America and Australia. America especially have a big demand for Electricians, Boiler makers and so on. So if you got the skill setting up a business abroad may well be a good next step

I think you are right, in that this is indeed what stops many people from starting their business. They want to start with the "finished product". A nice factory with offices, machinery, stock and a team of sales reps. That of course does require money.

But surely there are ways to start almost any small business idea with very little capital. It just means it takes much longer to get to the "finished product".

Then you go on about skills required overseas. This sounds more like jobs, rather than businesses?

**enos** · 29-Aug-15, 01:03 PM

Passion. Not many people have passion for business,risks and real life challenges. Hence most only keep the idea in their heads. Those that chase the dream, arent starting because of the barriers to entry. We can start small but if knows u,they won't do business with you. Even be the taste of the cake. This is just my view as I'm one of those that what to start a business.

I have registered all and all. Now I'm marketing. But a business that is not generating anything is not a business.

**Blurock** · 04-Sep-15, 11:19 AM

If you are not passionate about your business, you will never achieve the same as top entrepreneurs.

I have seen too many mediocre businesses just plodding along and then eventually closing. The business is either sold for less than its potential value or closes down due to poor management, which leads to bad staff attitudes, which leads to dissatisfied customers, which leads to lack of orders, which results in an empty bank account.

People with passion will make a business work against all odds. There are also those dreamers that have an idea and don't know how to implement it, but a true entrepreneur will always find a solution.

An entrepreneur is someone who jumps off a cliff and builds a plane on the way down.

**Rory** · 04-Sep-15, 01:51 PM

Originally Posted by Blurock

An entrepreneur is someone who jumps off a cliff and builds a plane on the way down.

Hahaha, sounds about right. I've got a big old parachute called a J.O.B. though. The idea being that once the plane is flying I can lose the parachute.