Business Start Up Myths Archive
-
Risky Ideas For a New Business
Posted on October 7, 2010 | No CommentsThere are certain things you shouldn’t do when you’ve started a new business or registered a limited company. Starting your own business is inherently risky, but careful planning and sensible business practice will keep you out of danger. The advantages of a limited liability company... -
Business Start-Up Myths – Mine is better so I’ll be successful
Posted on August 4, 2010 | No CommentsOverly confident new business owners are often under the impression that simply because they have a superior product they will be more successful. Of course, product (or service) superiority is a matter of several factors including consumer opinion. Just because something is technically better in... -
Business Start-Up Myth – It’s hard to get a bank loan
Posted on August 3, 2010 | No CommentsAnother business myth that often rears his head is to do with business start-up finance. People say it’s hard to get a bank loan to start a business. This myth is reinforced by recent research carried out by the IoD which suggests that 60% of... -
Business Start-Up Myths – Most businesses fail
Posted on August 2, 2010 | No CommentsMany people wrongly believe that the majority of businesses fail within the first year or shortly thereafter. In fact if you search the internet, you can easily find statistics quoted repeatedly across the World Wide Web saying: “…over 50% of small businesses fail in the... -
Business Start-Up Myths – Having more customers is better
Posted on August 1, 2010 | No CommentsYet another business start-up myth relates to customers. Many people think that having more customers is better. There are of course many elements to this myth, as well as many falsehoods and some truths. Dealing with demand Obviously having more customers could be better. As... -
Business Start-Up Myths – “I’ll have more time to for myself”
Posted on July 31, 2010 | No CommentsPeople often go into business for themselves because they’re sick of their boss and fed up with working hours set by someone else. They mistakenly believe that as a business owner they will have more free time to do what they want. Of course in... -
Business Start-Up Myths – It takes years to start a business
Posted on July 30, 2010 | No CommentsOften, people assume that it takes years to start a new business. In truth it can take just a matter of months. Most businesses start-up within around 6 months and are trading nicely around that time. This doesn’t mean that you should rush things. The... -
Business Start-Up Myths – You need a lot of money to get started
Posted on July 29, 2010 | No CommentsOne of the most common myths about business start-up is to do with money. Many people believe it costs a lot of money to start a business. Of course, it is true that you could spend a lot of money starting your own business (through... -
Business Start-Up Myths – You need to be cheaper
Posted on July 28, 2010 | No CommentsA great deal a new business owners (or aspiring business people) are under the mistaken impression that in order to beat the competition they need to have the lowest prices around. In truth, this is a very dangerous business myth. Trying to undercut the competition... -
Business Start-Up Myths – You need a great idea
Posted on July 27, 2010 | No CommentsThere are many myths about getting started in business. One of which is the need for a great idea. A great idea is good, obviously, and if you have one which no one else has thought of then you are likely to get ahead, but...
