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What's the #1 thing that holds people back from starting a business?

17 October, 2023 · 2 min watch·Video articles

Half of Americans consider starting a business, but what holds them back?

Did you know that 42% of Americans have considered starting a business. So what held them back? Money! Financial constraints are why many people are reluctant to launch their business idea. If this is why you’ve put off starting a new venture, keep in mind that your business idea may not require a significant investment upfront, and alternative possibilities like loans, grants, and crowdsourcing can help. Other reasons people hesitate to start a business are because they don't know what type of business to start or they don't have enough time. And naturally, many people are held back because they’re afraid to fail. But failure is a part of the entrepreneurial journey, and overcoming the fear of failure can lead to great success. Follow for more tips on building your business and working smarter.

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