What hinders business start ups?
Lack of business ideas? Government regulation? Lack of funds?
Or lack of courage?
Read in the straits times few days ago citing that financial
problems is number one on entrepreneur's list. And even Deputy PM
Lee HL said that the government wouldn't help entrepreneur when it
comes to funding.
So, as suggested by the article, entrepreneurs would have to source
for their own funds.
Given funds, what is needed is an idea. SOmething innovative that's
able to spark a trend, something along the lines of the craze that
were created by bubble tea, rollarblades, kick scooters and $1.99
shops we have seen before.
Management comes next, which accounts for why the above mentioned
business didn't prosper. They didn't look far enough or wasn't able
to protect their niche.
Despite the many reports saying that the government has removed
many red tapes, I still feel that starting a business needs sheer
courage and not forgetting, believing in yourself and the thing
you're promoting.
