1. Overwhelming Feelings
There is always a
huge learning curve when you first start a business. Although you may have lots
of experience in the corporate world in your field, it's totally different when
you're the captain of your own ship. Now, you have to be the boss, the marketer,
the secretary, the customer service person, the shipper, and the list goes on!
But these overwhelming feelings surely do not only come to starting
entrepreneurs. Some experienced and successful entrepreneurs tend to feel
overwhelmed at times too so don't be discouraged.
2.
Lack
of Support
Sometimes
entrepreneurs find it difficult for family and friends to understand their
drive. We aren’t built the same way as most. Push through any criticism you
encounter and stay focused, you’ll find that, following success, those very
same people will often be singing a very different tune. Find support in
colleagues and industry connections. Get involved in professional organizations
that are related to your endeavor and stay motivated by connecting with other
successful entrepreneurs. You aren’t alone.
3. Growing a Business
The challenge in
growing a business mostly lies in the lack of financial resources. Let's face
it, money begets money. If you have the money, it's easier to put your product
out there in hundreds of thousands of people just like the bigger brands, the
Fortune 500 companies. You see them on TV, radio, billboards, social media, and
sometimes maybe in your inbox!
Unfortunately, for
most small business and starting entrepreneurs, this is not the case. You have
to work hard to make money so you can use that to make more money! How ironic,
isn't it? But that's where the challenge is! I really do believe that this area
of having your own business teaches you a lot about persistence and creates
such an experience for you that molds you as a business person.
4. Negative Mindset
Often, entrepreneurs find
themselves discouraged in the beginnings of a start-up. Failure and lackluster
achievements almost always have that affect, it’s natural. What sets true
entrepreneurs apart from the crowd is their stamina and willingness to push
through the rougher times. Keep your head up and stay focused. Don’t let
yourself fall in to the mindset that you can’t accomplish your goals. Good
things usually take time to develop. With vision and determination comes success,
it’s inevitable.
5. Feelings of Wanting to Give Up
Because a business
takes time to grow and it usually takes a lot of effort to make it work,
feelings of wanting to give up do come sometimes, especially when you're not
seeing the results that you want when you want it. Perhaps your funds are
already starting to get depleted or you're getting physically and mentally
drained.
6. Misplaced Purpose
Money is something we’re all
concerned with, but don’t let it blind you from the main goals of your
business. Your passion should be focused on your customers and products. Focus
on your organization’s message, how you set yourself apart from the
competition, and why your business is a valuable asset to consumers, the money
will come.
Sources:
- http://tekkek.com/entrepreneur/entrepreneurs/2013/04/the-7-largest-challenges-entrepreneurs-encounter/#kAKmUE4PdrjXKZMG.99
- http://www.entrepreneurchic.com/5-most-common-challenges-entrepreneurs-face-and-how-to-overcome-them/
No comments:
Post a Comment