Now one of most common excuses for not starting one’s business – apart from lack of funding and fear of loss – is lack of an apparently feasible idea. Most people are stuck at this point since they subject their ideas to a gruelling feasibility study that should not work out to be feasible if your idea is unique and new. An irony, eh? If you were to wait and analyse every idea, you would simply never start a business.
But then, what you need to base your business on is still a veritable question one does need to ponder about. If that be the case, the best thing that could be done is to adopt a hobby, some kind of competency or skill and develop it into a full-scale business.
Can it be done? Of course, yes. The Internet is full of testimonials, stories and examples of people who had developed their hobbies or skills into successful business plans.
Absolutely no competency or skill to bank on? No problem.
You will have to develop them from scratch then. Say if you did not have any special skills whatsoever, simply join any organization as a sales person and start selling. As you continue to work, you will gradually learn some skills of the trade and this competency would prove to be a very powerful one in your impending time as an entrepreneur.
Not willing to learn skills? Afraid of rejection? Well, you’d get well over all that, if only you just start.
It is presently one of the most lucrative business models online but nonetheless, you would have to work hard anyway.