INTRODUCTION
For any concept to be well understood or explained there is a need of beaking down words into there simplest meaning that even a lay man could understand what is been said. Like know what an idea is in itself, the concept of business and how a business idea can be aborted.
Source
Idea is a concept that has various meaning depending on the perceived object and the perceiver(subject). An idea can be seen as an invisible knowledge in man .It is an existing fact in humans' mind and such an idea could be towards anything depending on what the mind is poundering upon.Any idea is aiming towards an end(actualization) and an idea can also die in the process of actualizing it.
Factors that could hinder or abort business ideas e.g Discouragement from friends/family the idea with the wrong people
Some factors that can abort business ideas are:
Lack of Capital
Little or no orientation
Inability to conclude (indecisive)
Over ambitious e).Lack of business strategy
Lack of capital: in the world of business the primary need of man is capital(money).Any man need capital to establish or actualize his or her business.The poor or less privilege fall under this category no support or fund to start up their dream.
Little or no orientation: some persons do not understand how to establish or found their business all because no man to guide them on which to go and how to go about.
Inability to conclude (indecisive): many wallow in the ocean of confusion.Keep on idea in head forgetting others are given the same idea with time another person will carry out the plan.
Over ambitious: Man ought to choose out of the multi option and start up something first not planning to establish all once.For any business to all it must start with little for one not to abort the business plan based on too much expectance.
Lack of Business Strategy: There are strategies in which business operate and flourish well. e.g Location.
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