Has anyone started a business before? I'm afraid of starting a business because of many failure stories. What is the reason for opening your own business/entrepreneurship?

Indeed failures are aplenty.

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You got to have the appetite for it and sufficient funds so you don't bomb out.

Starting your own business is a dream come true who have a passion towards a certain industry or business idea! It may sound fun - you are your own boss, your working hours are decided by you, what you are doing is what you like and it's such a new and interesting experience! However, these are just some perks and we also have to look at the more stressful factors like your financial ability and your stress tolerance. There are a few things to consider before being your own boss so this dream doesnt become a nightmare quickly!

I started my own marketing agency. Surely there are low times, income might be unstable etc., but it really boils down to what made you start in the first place. For me, it's because i value my freedom of time alot. I have to be honest, I did not do the typical safety net (saving a year's worth of money) before quitting my FT job and starting on my own. But it didn't really bothered me, because I have so much time to do what I want now, and I'm still having income - even if it's a down period. That said, what I said are just my personal thoughts and perspectives.

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If you fail, it's a lesson. At least you tried. Don't die regretting because you didn't try at all just because you're scared of smth that haven't happened. If you really fail, you can always just go back to 9-5.

Regardless of why you want to start a business, the key consideration before starting it will be to determine who are your customers, and if there is a demand.

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Some may rely on ads, others on roadshows, or even setting up retail at areas with high footfall. It's best to have a strategy and think if it is viable before starting the business.