why is entrepreneurship hard?
348288
Entrepreneurship is hard because it involves forecasting the demands of consumers. Consumer demands can change on a whim, and nobody knows EXACTLY what the future holds. \n\nThose entrepreneurs who forecast correctly, and satisfy consumer demands in the best and most efficient manner, earn a profit. \n\nThose who are slow to anticipate, or don't satisfy consumer demands at all, suffer losses.\n\nFor a brief (yet informative) reading on the relationship between entrepreneurs and consumers, check out the following link from the Mises Institute:\n\nhttp://www.mises.org/humanaction/chap15sec4.asp
103142
The right attitude is critical to attain success in small business (as well as in other endeavors). The person stands a greater chance of succeess in entrepreneurship if the person has the right mindset, work habits and willingness to work hard and take risks. \n\nThe book "The Winning Habits: 4 Secrets That Will Change The Rest Of Your Life" by Dick Lyles reveals four simple winning habits that can propel you to success -- all of which has something to do with the person's attitude. These are:\n\n1. Be first on, last off, and add extra value.\n2. Never trade results for excuses.\n3. Solve problems in advance.\n4. Make the habit of creating allies, instead of enemies.
964751
it will become hard to sell only when product is outdated or one is aproaching wrong person during wrong time selling is nothing but identifiying people who want it or with whom u can create requirement and any sale is not complete without collecting money so it is never hard to sell a product unless u have gone with bad product iean outdated one to a person at wrong time ie when she/he is not in good mood or not having funds etc \nif u can time it properly and reach right person then nothing is hard to sell
1132912
How about... reading, learning what other successful people have done. Planning,\nthen taking action the biggest  challenge for me is a backer.. Know anyone with money to start a company? Or, back my invention? For real not just tv stuff.\nRisk, it's fun I'd love to take it one step further.Why stop at a million?  It's a good place to start I guess.
986224
By taking calculated risks and having them pay off...\n\nBy challenging the status quo...\n\nBy starting your own company around what you do that no one else does...
1092733
i dont think it is very hard
510827
If your asking about loans being self employed than it is hard unless you have had your business for a while and showing a good profit on it. Most of these companies don't want to deal with them unless they have good credit and money in the bank...................
990261
Any small venture can be successful as long as:\n\n- There is demand for the product. People must want and buy the products. Otherwise, no amount of marketing can help the business. If there are no sales, the business will just be a cash drain for the owner\n\n- Adequate startup capital and proper management of resources. Lack of capital is the main cause of the failure of small businesses. If capital is insuffient, the business owner can either step up efforts to look for capital, scale back the plans or suspend the project altogether\n\n- Healthy profit margins. If your profit margin is only 2% -- and prices and inventory cost increase -- then your margin will be squeezed out. A small business can succeed if it is operating good profit margins that can help it withstand market shocks and price increases.\n\n- Good revenue per sale: if the profit per sale is only $1, then to make $100,000 the small business need to sell 100,000. A small business may find it harder to do tremendous amounts of volume.\n\n- Good niche area. A small business may find it hard to compete head on with Amazon.com or Walmart, for example, trying to be everything for everyone. But if the small business can focus on one area -- and be very good at it -- then it has better chance of growth.\n\n- Good cash flow management. A small business may have sales, but if it cannot collect payments and run out of cash, the business will have a hard time.\n\n- Growth prospects of the business and how growth is handled. A small cleaning business can only handle certain number of accounts effectively and efficiently, and profits will plateau. To grow, the business either needs to expand its staff to be able to handle more accounts or expand the area of coverage. Either way, how the business owner handles growth, and all its accompanying problems, can spell the difference between success and failure.\n\n- Suitability of the business with the entrepreneur. The entrepreneur is the heart of the business. Sometimes, the entrepreneur is the business (if it is a 1-person operation). The business owner must have the passion and drive to push the business to success.The person must be able to spot new opportunities and learn how to handle the challenges. Otherwise, if the entrepreneur loses interest, then the business may die.
1146811
To be successful in a small business requires 150% of your time and effort.  Most successful small businesses were started by people who devoted all of their energies to the new business.  \n\nThose who waffle between their own business and a job virtually always fail at both.  The business fails because they can't devote the time and effort needed to make it succeed, and they lose the "regular" job because of the distractions and concerns over the new business.\n\nLook at it this way:  You got your current job and can always get another one should the business not work out.  But this MAY be your ONLY opportunity to strike out on your own.  Go for it!\n\nI have a good friend who quit his job to start a business.  Things went well for a while but eventually it failed due to poor financial management on his part.  When his former employer found out about that, they offered him his old job back.  Needless to say, he was good at what he did and hadn't burned any bridges when he left.  He stayed with them for 2 more years and struck out again on his own, having learned from the mistakes he made the first time around.  That was just over 4 years ago and he's doing very well indeed with the new business.\n\nNothing ventured, nothing gained.\n\nFailure is the only possible result from not trying in the first place.
582369
its only hard if you make it hard\n\nbe prepared to be very good in math and physics..
1029556
yes , it is very hard
1162479
Only if you keep working hard. The competition will only get tougher. Its all about how hard you want it.
160607
I think the question is wrong. It is not important for everyone to be an entrepreneur. It would be a very difficult situation if that were true.\n\nIf you want to be an entrepreneur, starting young is certainly an advantage, but many successful ones did not start out early.\n\nI reject the premise!
1164457
Starting a small business takes a lot of courage. But, as they say, courage does not pay the bills. To be successful – to stay in business – you need more than courage. You need a combination of hard work, skill, perseverance, and lots of luck. \n\nSome things you need to consider:\n- "How can I support my family while I build up by business?" \n- "What are my abilities?" \n- "Is there a market for the product or service I have chosen?" \n- "How long will it take this business to reach the financial goal I have?" \n\nYou may want to read the article "How to Start a New Business Successfully" http://www.powerhomebiz.com/vol51/launch.htm , which lists six steps to launch a new business successfully:\n\n1. Provide a benefit.\n2. Determine the fit with your market.\n3. Right timing is everything\n4. Be ready to support your business\n5. Develop a blueprint for success\n6. Market, market, market\n\nTo give you ideas on what exactly do you need to start your own business, here are ten things you need to know before launching your own business  “10 Things You Need to Know When Starting Your Own Home Business” http://www.powerhomebiz.com/052006/startingbiz.htm .\n\nI recommend that you read the following books:\n\n- What No One Ever Tells You About Starting Your Own Business : Real Life Start-Up Advice from 101 Successful Entrepreneurs \n- Starting From Scratch: How To Start A Business When You Don't Have Money \n- If You're Clueless About Starting Your Own Business and Want to Know More \n- On the Move : How to Succeed and Survive As an Entrepreneur \n-How to Make 1000 Mistakes in Business and Still Succeed\n\nThere is so much to learn about starting a business that it is hard to put everything here. I suggest that you to check out the following websites and learn from their content:\n\nEntrepreneur http://www.entrepreneur.com\nInc.com http://www.inc.com\nSBA http://www.sba.gov/starting_business/...\n\nIf you think you need help and guidance in starting your business, you may want to find a mentor to help you. There are several places where you may be able to find a mentor: \n\n- Government Mentoring Programs such as SBDCs, which works with community colleges and local business development councils to offer mentoring programs http://www.sba.gov/sbdc/sbdcnear.html ; or the Women's Network for Entrepreneurial Training http://www.sba.gov/womeninbusiness/wnet_roundtables.html \n- Volunteer programs such as SCORE http://www.score.org  which is composed of mostly retired executives and entrepreneurs \n- Formal mentoring programs such as Athena Foundation http://www.athenafoundation.org/programs/globallinks.html  , Helzberg Entrepreneurial Mentoring Program http://www.helzbergmentoring.org/HEMP/  , or The Aspen Institute MicroMentor Program http://www.micromentor.org \n- Professional organizations such as the National Women’s Business Council http://www.nwbc.gov/Mentoring/programs.html \n- Industry and trade associations \n- Local business groups, such as the chamber of commerce \n- Local chapters of business groups
918307
The nature of a successful small business is that it is driven by the passion of its owner.\n\nWe could give you a ton of good ideas, but you'd probably fail in your business venture because your lack of passion in the product will cause you to be put off by the natural stress involved in running a business.\n\nIn short, if you want to start a business, you first need to identify your passions, then produce a product or service that incorporates that idea.  Then you'll have the drive to see it through.
322221
you need good idea and determination. not mentioning a great deal of courage. money some time is not the main thing to start business. try to focus in unusual thing. in states people look for anything that come from overseas. her is my email for more idea if you are really interested.good luck
1165710
The biggest challenge is proper use of your time.  You can be very successful spending your time doing the right things, but most of us are not successful because we don't know which things to focus on and in what order.\n\nThe second biggest challenge is keeping the tax men out of your pockets long enough to get up and running.