Most "New Businesses with Zero/Low Investments" Will Fail. Here's Why!
The problem with the mindset of the entrepreneur who’s planning to start a new business with low/ no investment and what you must know about it to avoid a similar failure in your business.
This is the 139th consecutive post on MrEmogical Notes. If you’ve been following this series and are finding value from this blog/ newsletter, please consider sharing this post with one person who you feel needs to read this for their betterment.
The Flawed Mentality
Do you think every person who plays a sport at a local level can end up representing their country at the international level?
Of course not, right?
The person playing the sport with their friends is technically doing the same thing as compared to the sport star who’s playing the sport in a stadium, in front of thousands of people and being watched love by an audience of millions.
However, even though the “technicalities” are the same, the actual impact of both the games is worlds apart.
The local player is probably playing for recreation. Trouble is, if/ when this player starts thinking that they can compete and play a lot better than the international level player.
Yes, I’m aware of a one in a million chance that a local player could be much better at the game as compared to an international level player, but we don’t live our life on the basis of exceptions and anomalies, right?
The player who represents the country/ team on an international level has a lot more skin in the game. Figuratively and literally.
Similarly, I’d like to double click on the ideology that I see quite commonly on the internet.
The world is full of people who are fed up with their jobs and want to venture into the world of business, but they have a very strong non-negotiable condition.
These people want to start a business with great opportunities, but the capital requirement must be low/ close to zero.
That’s like saying that you want to learn fishing, but you won’t invest in a fishing rod, the feed that you'd use as bait for the fish, etc. But you want to catch multiple fish, every time you sit by the riverbed.
People with a mindset like these (wanting to start a business with no/ low investment) are the target of the most notorious group of people on the internet, and the world = scamsters.
Just compare the simple situation. Why would the market reward a “business owner” who is dabbling with their luck in the market when there would be another competitive player who would have built a competitive business on the basis of a higher investment in their business.
Understand this with simple examples. If you’re looking for eyeglasses/ sunglasses, who are you most likely to give your business to? A retailer who gives you an option of 5 frames to choose from vs. another retailer who gives you an option of 50+ frames and helps you choose and narrow down to the frame that suits your styles and needs the best?
The internet (and the business world) today is filled with people who are preying on people wanting to start a new business with zero/ low investment. These scamsters know/ understand the psyche of these audiences.
They know that these people will invest a very small amount as an investment in a small business, and small businesses have slow or small proportions of profits which these newbies won’t understand and psychologically, these people are not even confident/ ready/ prepared to venture into the world of business.
This is why most new businesses fail. If you’re serious about business, find yourself a great mentor, who’s dedicated, has a proven successful track record, has their skin in the game and speaks the truth, rather than saying things that sound good just to get money from your pocket to theirs.
If after reading this note, if you’re still going to look for business ideas with low/ no investment, I hope you’d remember that you’re setting yourself up for an eventual failure.
Take your time, build up your conviction, capital and confidence to start a business. Only when you feel ready, start looking out for better opportunities and coaches who would guide you, rather than shooting in the dark and risking your entire capital.
Your Thoughts!
If you feel you’re absolutely lost or if you feel you need more clarity with your niche/ positioning/ your personal brand/ your content strategy and would like to consult with me for the same, feel free to reach out to me and let’s connect.
If you’ve reached till this point of the post, I’m sure you must have some thoughts/ feelings/ opinions about what you’ve just read.
I’m done sharing what’s on my mind, and now is your turn to share your POV.
Tell me how you are processing the information that you’ve just read?
Do you agree with my thoughts?
Do you think I missed something important?
Do you disagree with something in particular?
Let’s continue this conversation (or ask your questions about the post) in the comments below.
Keep Going Keep Growing 🚀
Have I earned your share?
Thank you for reading the full post. Since you read this till the end, it’s safe to assume you found value in the content.
Please consider sharing this post with your audience on social media. You may end up helping someone who’s struggling in their career/ business because they don’t understand the importance of building their personal brand.
I’m sure if you think hard, you will easily come with a few names who you know must read this.
Share this with them, help them and earn your blessings.
Join The ProfitClan
If you’d like to get notes like these on the subject of money mindset, the law of attraction, financial literacy, and a lot more, make sure you subscribe to The ProfitClan.
The ProfitClan is an email newsletter by Paycheck To Profit (founded by Manish Ahuja) where you’d access to daily exclusive newsletters, freebies, notifications of new podcasts episodes when they go live, access to The PROFIT Masterclass, and a lot more.
Prompt used to create the image for the note
P.S.: Image made on Meta AI using the prompt, “Imagine a business owner in tears because they're shutting down a business just a few months ago”