As an entrepreneur, especially if you are just starting out, you will face four big challenges. There is no doubt that you will end up struggling but a true entrepreneur will find a way to balance it all and humbly pull ahead. Always remember that every business started with a small idea and grew into what it is today, Shakers.
Here are the four of the many challenges that you may face as an entrepreneur.
- Time. Many people start a business while continuing to work full-time. This will cut back on the amount of time that you have to devote to your business, though it allows you to still maintain your burn rate. Know you can change your burn rate by eliminating or decreasing rent, launching your business before supporting a spouse or child, or not going to so many damn happy hours. Use Freshbooks for time management.
- Support. Many people do not have support from their friends and loved ones. They might not want you to quit your full-time job to focus on a business that might not succeed. They might not understand when you end up working long hours trying to get your business going. Know your support system, and surround yourself with support if you don’t already have a comfortable amount.
- Organization. It’s impossible to manage all the tasks required of a business in 2015. You’re expected to have an online presence, yet somehow keep track of which large client didn’t reply to your email. Plus, recalling useful websites you were referred to and what time your client is meeting you next Thursday are just as high a priority. Instead, make getting organized and utilizing free online resources a priority (we recommend