Aside from having confidence in your talent, your ideas and your product, it is important that a budding entrepreneur has perseverance. It is known that in every business, problems and obstacles are surely to occur. Some of them are minor while others are big enough for you to be discouraged. You shouldn’t just give up so easily.
From the planning stage itself, you would already see some hurdles to your business. My friend was planning to sell simple snacks just outside their home. It was actually quite a nice idea since their house located by a street where many people pass by in. Students and other young people living in the nearby boarding house and apartments were sure to buy in his store rather than go somewhere farther.
He thought it couldn’t have been easier since he was going to put up a small and simple business only. But the first problem came when he started computing the expenses he would have to incur in fixing up the place, putting some furniture and fixtures, purchasing the utensils and buying his inventory. It turned out that the amount he had and was willing to spend in starting up the business was not even half the amount he was supposed to spend. Right then and there he just decided not to pursue his plan. But when his mom learned about this she convinced him that he shouldn’t give up on it on the first hurdle he meets. She lent him the money and she gave him ideas where he can save some capital for starting up his business.
Fortunately for him, he listened to his mom. It has been three years ago now and his snack bar is now located in the property next to their house. His business clicked. It was also a nice coincidence that when he thought of moving to a bigger place his neighbor was also about to go abroad and was renting his place out. Now his place is bigger and his customers are no longer limited to just the neighborhood. People all around the city now comes in to grab a bite there. Had he just given up totally, he wouldn’t have come this far. There have been many other problems here and there but he now learned to deal with each of them. He now knows that should he just surrender to them he will not move forward and achieve success the way he is doing now.
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