7 problems you'll face when starting a business

7 problems you'll face when starting a business

Business is complicated. No, of course, there are cases where everything is easy and simple: the idea shoots out, clients, orders, success, payback, etc. But to be guided by such stories is a classic "survivor's mistake. After all, talk about successes are usually those who have succeeded. The rest 90% keep silent and do not advertise their failures.

99.9% of entrepreneurs achieve success in business through sweat and blood. Success very rarely comes quickly, without excessive difficulties and problems. Few entrepreneurs like to talk about their failures, voicing only the positive side of the "beautiful and glamorous" life of a businessman, which we can often see in movies and on Instagram photos. Behind all this lies a whole pile of failures and failures.

So it's worth looking at the list of problems that most entrepreneurs who decide to start a business face. And which you are guaranteed to face.

1. No more work

If you come up with the next 100% business idea and you run to write a letter of resignation to your boss, it is very likely you will be left without a livelihood in a few months - it all depends on the experience of doing business and life maturity.

The main thing is to understand that you can't build a successful business without devoting all your free time to your brainchild. Therefore, if you believe in yourself and are confident in achieving your goal, then boldly say goodbye to your salaried job and unconditionally pursue your own dream, because, continuing to work for hire, you are losing time in developing your own business, and at a subconscious level it is difficult to break away from the familiar place. After all, business is a risk. You cannot build a successful business without going 1,000,000% deeper into the process.

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2. Fatigue

Chances are, you'll have to plow non-stop 24/7. Little sleep, lots of problems, lots of questions, not understanding what to do and how-what works is both physical and, more dangerously, mental fatigue. Why would the regimen be so rigid? Because time is money. Every minute will cost you money. So you'll be thinking about the business at all times, nonstop. And without vacations or weekends.

When you are a salaried employee, you work in a business system that is already built or under construction, and you don't make all the profit, but only a small part of it, because the owners have spent a lot of time building the business processes.

You have to do the same thing in your business - build business processes as quickly as possible so that the business is "started up" and operates autonomously. This requires an enormous effort and expense - both time and money.

3. Responsibility

Tremendous responsibility for all aspects of your business and life in general. Every action will affect the future. This is even worse than when you turn 18. Because you risk everything you've accumulated or borrowed by the time you start your business.

By the way, relationships with other people can also be at risk. At such a moment the support of family and friends is important - so it is easier to survive all the failures that will be without a well-established business system.

4. Lack of funds

If you don't have entrepreneurial experience, all your calculations and business plan can be shoved down the drain. There is a popular rule of thumb: All expenses multiplied by three - all potential profits divided by three. Because costs will be waiting for you at every step. Especially in the beginning, when you just start and set up business processes without which it is impossible to "work" normally.

You'll spend money and time doing just that. Much less time will be spent on sales, which generate income. This is why so many fall into the trap of the pit: no money, and precious time spent building business processes. And not on profit-generating sales.

5. Staffing

No one wants to work for little pay. And your employees, if you have them, won't either. You'll find yourself on the other side of the barricades when only you yourself will be in awe of any action or task. Everyone else will be working from under a stick. And it will also be difficult to find intelligent and responsible performers. If at all someone will agree to work in a new and incomprehensible organization.

And, of course (we have written about this dozens of times), you will need a website, social networks, various kinds of services, advertising, and printing. Making a "good" conversion and selling website is quite expensive and time-consuming, and if you don't have experience in the field - almost impossible. In addition, the site requires feedback and feedback, and where to get them if there were no sales? Even a picture of the team can not place, it's not there. And here the options are also few: either a waste of personal time, or money. Well, do not forget about the competition: it's either there, or will appear over time.

6. Personnel

No one wants to work for little pay. And your employees, if you have them, won't either. You'll find yourself on the other side of the barricades, where only you yourself will be reverent about any action or task. Everyone else will be working from under a stick. And it will also be difficult to find intelligent and responsible performers. If anyone at all will agree to work in a new and incomprehensible organization.

7. Mistakes and Failures

Of course they are going to happen. This is normal. And by and large it should be seen as a positive thing. The only question is whether you will be able to survive them and learn the right lessons, adapt quickly, and accept reality for what it is. It will be harder with big failures: failures hit our self-esteem hard. Business can close not only because of "classic" problems, but also simply because you give up.