Sir, I am 45 years old and have a experience of 24 years in the field of construction industry, though I have good position I am always afraid of loosing my job, from my initial days only i left job from many reknowned organization to start my own business but never succeed still now i am desperate to start my own business can you guide me how or what shall I do?

Ans: Reskill or Upskill yourself first. Find a decent job and rebuild your career. Doing your own thing is more riskier than finding a job.

Ans: In whatever is your area of interest, talk to as many experts and consumers you can.. evaluate if your idea is solving a real problem that your potential consumers face. Fine tune your business idea. Then again talk to people if they are willing to pay you money to sort out the problem.. and how much. Concurrently, talk to experts on the cost of solving the problem/ offering the solution. Wherever you think the cost of solution is lesser than what people are willing to pay, is a good idea to work on prima facie. Then create a detailed feasibility report. Take help of some expert at this stage. Understand the investments and evaluate how you will need to fund the business initially. See if you can get some grants / seed funding. Typically seed funding is through friends and family . There are also a few govt schemes for entrepreneurs- see if you can get some grant/ financial assistance under these schemes. Put some of your own money and start implementing your idea in the mean while. Don’t be over optimistic in your planning. Work for the best but be prepared for the worst.

Ans: Start with being a contractor to a larger brand/ business. It is safer and less riskier. Once you get the confidence, then you can venture fully on your own. Secondly, interiors is a "customisation" kind of work, where you get orders and then you manufacture. This is much safer as you are not manufacturing and then waiting for sales. You can associate yourself with reputed interior designers and work for/with them to manufacture products. For more insights on entrepreneurship follow me on https://www.linkedin.com/in/baqar-iftikhar-naqvi-34b27a4/

Ans: Are you looking for psychological/ emotional support more than business or entrepreneurship advice?

Ans: Dear Anonymous,
Failure and Success are two sides of the same coin.
If you changed the way you looked at Failures, maybe then taking a step forward would be a possibility.
- Failure is a teacher
- Failure helps me to re-evaluate my plans
- Failure helps me grow

Now, this may seem easier said than done. But, a small tweak in that direction will definitely help you break free from the fears that are holding you back. Also, take a leaf out of the books of successful entrepreneur and read/listen to their failure stories and how they bounced back from it. Work on this yourself and even after that if you still feel stuck, work with a professional who can guide you into breaking any self-limiting beliefs so that you can pursue your dream.

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/