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What's stopping you launch your startup?
Apr 18, 2019  |  Kenelm Tonkin

 

It's a great question, right?

You want to launch your own business but something's holding you back.

Maybe you know what it is. Perhaps you're not sure.

I've asked thousands of aspiring business owners this question because I'm on a mission to unleash the creative possibilities of entrepreneurs, wherever they live, whatever they do.

If we can unlock what's stopping potential founders, we'd open the market to far more innovative products and services which help us all in unimaginable ways!

So, I asked 7,293 aspiring business owners and this is what they said:

  • 50% of would-be founders say they haven’t launched because of a lack of capital;
  • 27% reported a lack of knowledge, experience and mentoring;
  • 9% say a lack of confidence or fear;
  • 9% indicate a lack of time because they have a day job;
  • 5% report that they have no business product or service idea.

So the biggest issue by far is lack of startup funding.

Are you thinking of launching your own startup but need capital to begin? Have you tried to gain startup funding but been unsuccessful thus far? Would you like help raising money to start your business?

Let me know your thoughts in the comments section below.