Think setting up your own business is impossible? Think again!

Are you tired of working your life away, earning lots of money for a big corporation and getting very little job satisfaction? If so, you’ve probably considered setting up your own business venture at some point. Something you care about, that you can pour your passion and creativity into. However there are a few things that might be holding you back- unnecessarily. Are you putting off setting up a business for any of the following reasons?

You Don’t Have Experience

As with anything, knowledge is power. Having previous education or experience in business is never going to be a bad thing- however you really can learn as you go in many cases. It’s in your best interests to do as much research as possible beforehand, you could even sign up to some business seminars or advice for beginners first and take notes. You also have the option to outsource some areas of your business to professional specialist companies. For example, you could hire a third party company to deal with your marketing and advertising. If you ship products you could outsource fulfilment. If you want to write a business blog or make videos for your website, you could simply hire content creators from freelancing sites. You don’t have to know everything, and it’s definitely possible to set up a successful business from scratch without any prior experience. Just go in with your eyes open, know what you need to do and the issues you’re likely to come up against.

You Have Bad Credit

If you have adverse credit, chances are you’ve ruled out setting up your own business for this reason. After all, most business will need some kind of cash injection via credit to get them started. And if you feel that you’re going to get rejected it can make you think it’s not even worth trying. However there are companies that offer specifically business loans for women with bad credit and so if you’re looking to get started it’s worth a look. As long as you have a payment plan in place with current creditors and have been discharged from bankruptcy (if you were made bankrupt) there are still options out there for you. Have a look online and see what’s available to you, to make your dream a reality.

You Don’t Have a Specific Skill

Many people start businesses based on a specific skill they have. For example, keen bakers can start a business creating celebration cakes for weddings and birthdays, or open a coffee shop where they bake their own cakes. Gardeners can start a business growing plants to sell for decorative or medicinal purposes or to eat. They could even make their own products from the crops they grow. If you have no particular skill you don’t have to give up your idea of becoming a businesswoman. You could take a course and learn how to do something you’re passionate about, or you could set up a business doing something such as buying and selling. For example, you could buy clothes wholesale and then sell them for a profit- either online or set up a physical store. You don’t need skill to do this, just hard work and determination. Check out things like fashion trends online to give you an idea of what sort of items to order in.


*This is a contributed post

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