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The Dilemma Of Starting A New Business In A Hostile Environment.

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@teesart
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So every now and then, I do think about what new business to start or what new venture to get into. I love business, I love deals, I love getting busy and making money just like you but most importantly, I wanna make good use of my youth and and earn so much that my kids won't have to go through the tough life I went through. But whenever I think about starting a new business, a thousand ways it could go bad comes to my mind.

Don't get me wrong, this isn't only because I tend to look out for the negative sides of things before going into them, but I'm quite practical and love to deal with reality that just hopes. "Calculating the risk" as they call it which is quite important whenever anyone intends to start anything new be it innovation or a business.

Calculating all the risks involved before starting a new business is quite important for me particularly because of my environment which in my opinion is quite hostile to new businesses, not because of competition but because of poor infrastructure, facilities and poor response to new ideas especially if these ideas appear quite expensive for the people even when made cheap on a global level.

I remember when I tried to take my swim teaching classes to a high level and involve some of thr big schools, it seemed like a terrible idea back then because in.my current location, people don't really value swim classes since they don't think they'll ever need it and also swimming is an expensive sport here (pool entrance fee and kits). Well, I did try to make people see the value and when they did, mozt of them could barely pay for it).

One major factor I do take into consideration however is not to start a business that relied on the epileptic electricity situation of the country. Relying on power here would kill your business and this is why most of the self employed youths have gone into business like Cash Transfer, Withdrawal and deposit which doesn't depend on power but is now so competitive. I've thought about the business at some point but I stopped due to the alarming rates of robbing and killing of those who are into that line of business and with the level of security, I really don't think it's a good idea for me.

I still take some time in my day to think about any business I can venture into in real time as I search for more ways to earn online. I've had a list of many other new business ideas and would sit down again today to Calculated the risk, cost of investments and its potentials. Hopefully one or two of these ideas would appear resistant to my hostile environment.