Common Entrepreneurial Battles Starting a business isn’t easy – don’t let anybody tell you otherwise. There are delays, obstacles, and difficult choices in your path, and the only person who can overcome these is you. With the right advice and motivation, however, you can push through anything that stands in your way. Ahead are some common entrepreneurial battles that you can expect, and some advice on how to come out swinging. Delays There will always be hiccups – business certifications or bureaucratic trouble chiefly among them. The business name you chose was already taken? Make a choice on new branding and commit to it. Are you having trouble hiring a brand new team? It can be difficult to find the right person for the role, but don’t fret. Self-growth takes time. Nobody begins their journey as a confident and compassionate leader, but you can learn how to become one. Growth Roadblocks Sometimes your business growth can stop in its tracks. Unexpected competitors can take their toll, siphoning potential and presence away from you. Your business can hit a growth plateau, or even worse – a slump. Industry changes can prompt a need for new technology or a change in the landscape of your business. Don’t settle for less than your full potential. Focus your energy on researching new methods and strategies instead of mitigating your losses. Innovation will allow you to jump these growth hurdles with ease. “Shiny Things” Syndrome You’ve made a breakthrough! There is so much you want to do now. However, you find that you’re spreading yourself too thin. In times like these, you need a plan — or even better, long-term project management. Consider hiring a business coach who has experience in cases like yours. Their knowledge can help you plan your projects in a way that maximizes your growth. Competition Arises Competition is always a natural consequence of success. For some, that can be personal. Family members can become critical of you, shaming your devotion or long hours spent. Jealous competitors in your field can spread rumors, fake audits, or other disparaging news to detract from your success. Focus on your customers, branding, and yourself – not your competition. Remember, a great service sells itself. Your business is like growing a garden. Water it. Plan toward your growth and how to achieve it through innovation and effort. If you focus too long on the weeds like your setbacks, they will consume you. For more information on growing your business, contact our team at (847) 629-4646 for a complimentary planning session.
