Issues and Problems Faced by Entrepreneurs

Sunny Samanta

30th Sep'21

“Passion, creativity, and resilience are the most crucial skills in business. If you’ve got those, you’re ready to embark on the journey.”

Entrepreneurship has become mainstream in 2021. What has made it possible are the awareness, willingness, and abundance of resources. Unlike a decade ago, entrepreneurs no longer have to scrap for investment and resources. Crowdfunding alone has enabled many business and startup ideas to take shape. Also, many entrepreneurs today are bootstrapping their startup product or service idea instead of waiting for a venture capitalist to back it. It is possible today because of the changed mindset and outlook people now have towards entrepreneurship as evident in the entrepreneur's guide to better thinking. However, despite all the benefits and goodwill earned by entrepreneurship over the years, one thing still remains – There are problems faced by entrepreneurs.

When it comes to the problems faced by entrepreneurs, what may come across as most surprising is that many of the problems are the same as before (almost a decade ago). There are also some emerging issues in entrepreneurship today. However, the fundamentals still can throw curveballs at entrepreneurs that they may find difficult to dodge unless they are well prepared for it. As an entrepreneur, you may have run up against a few of them already. Nevertheless, here is a list of current issues that can really challenge the entrepreneurs in you.

 

Entrepreneurship Issues

 

Issues and Problems Faced by Entrepreneurs

Entrepreneurs can always expect themselves to come across the following challenges mentioned below one by one:

 

Entrepreneurship Challenges

 

Raising Capital

Securing the capital to start a business has become easier today. However, the business expansion also requires capital. And for a business to grow consistently, its expansion becomes important. Also, the problems with raising capital are the risks involved. Since, as an entrepreneur, you may not want to sink yourself in bank loans. Furthermore, entrepreneurship in a growing economy has always been more challenging.

 

Cash Flow Management

One can never write enough words to justify the importance of cash flow in the entrepreneurial world entirely. Despite running small businesses, cash flow remains a critical lifeline to its survival. For it is nothing new most entrepreneurs cannot relate with as they all may have struggled once (or several times) to pay the bills. Even Steve Jobs suffered from cash flow management. The crux of the problems faced by entrepreneurs due to the cash flow is because they never had enough cash to run the business beyond a point.

 

Hiring Employees

If there is one thing entrepreneurs dislike the most, it is hiring employees. Most entrepreneurs are high on taking job interviews. With them juggling different hats throughout the day to ensure the business keeps running, time becomes critical for them. And the last thing they would want is to spend hours taking job interviews to select a few. Also, the hiring process isn’t limited to the job interviews alone. It involves other things such as reviewing resumes and further discussing other essentials with the selected person.

 

Time Management

As you could have learned from the previous point, time management is one of the biggest problems faced by entrepreneurs. With the ultra-competitiveness of the business world today, we can further label it as a critical emerging issue in entrepreneurship. You can take up entrepreneur management skills training to learn more about time management.

 

Task Delegations

Task delegations are the grandest way that enables entrepreneurs, who have donned many hats, to save some precious time while getting work done effectively. Furthermore, outsourcing tasks have become much easier today. However, even with outsourcing tasks, entrepreneurs may find themselves in a mess if they are unable to manage it properly. Since the person hired to do the task lives with full potential to ruin the task and some important time for you. Besides, you will have to redo the work anyway again. We can enlist task delegation as an emerging issue in entrepreneurship since it is more prevalent in the current times.

 

Marketing Strategy

The marketing strategy will always remain an important challenge and problem faced by entrepreneurs. Be it the Google algorithm or challenges thrown up by the ever-growing competitors in the business, and entrepreneurs will always find it difficult to come up with the best marketing strategy to market their product or services. Also, to maximize the return on investment, entrepreneurs will have to create effective marketing plans consistently. Today, there are various entrepreneur training courses available to help bridge this flaw.

 

Maintaining Reputation

In business, especially for ones that are built online, reputation is everything after you have achieved success in it. One negative impact or customer feedback can potentially destroy all the growth and goodwill you have attained in years. So, it has always remained one of the critical problems faced by entrepreneurs today.

 

We at OpenGrowth Academy aim to convert your idea into a full-fledged business. We are a next-gen platform to nurture your dreams into reality. Your views are valuable to us. Visit us to know more about the OpenGrowth Academy programs, sessions, and events.

A lone wolf by definition, a writer by heart, and a lost star with ambitions to light up the dark both inside and around me, sometimes by immersing myself into books or video games or traveling with a backpack to an uncertain destination believing that life is all about the choices we make and we don't.

Comments

thomasgibson802@gmail.com

30th Nov'22 10:01:21 AM

I want to use this opportunity to tell the whole world on how I become rich and famous. I’m 93 years old. I was passing through difficulty in business and there was no hope of me coming out of my debt. I borrow money in my bank to do my business and I run at lost on the business I got frustrated and decided to be playing lottery to see if I can win and make my business grow and I have played for years now nothing good is coming my way on till I meet someone online talking about Dr Ayoola on the internet. He was taking about how this Dr Ayoola help him to win mega million lottery game. I said to myself if this is true and decide to contact him and told him to help me as well I later read more about this man and see how he has been helping people all over the world. I have faith in him and choose to work with him. After working with him he told me what I need to do for the number to be given to me which I did after he finish working he said I will have a dream and the number will be review to me in the dream. That night has I was sleeping I dream a number immediately he call me and gave me the same number I dream of and ask me to go and play the number. Today I’m here testifying of the good work he did for me I played the number and I won the sum of 1, 000,000 million dollars in a lotto max. You can contact Dr Ayoola for help if you want to win big in lottery game he has the gift of giving right number contact him today and thank me email him today Via email: drayoolasolutionhome@gmail. com or https://www.facebook.com/Dr-Ayoola-105640401516053/ text or call +14809032128

Albertwalker922@gmail.com

20th Nov'22 05:01:34 PM

Good day to all viewer online, my name is Albert Walker I am so overwhelmed sharing this great testimony on how i was checking for solution in the internet while miraculously i came across Dr Kachi who brought my ex Girlfriend back to me, This is the reason why i have taken it upon myself to thank this great spell caster called Dr Kachi, because through his help my life became more filled with love and i am happy to say that my ex Girlfriend who has been separated from me for the past 2years came back to me pleading for me to accept her back, This was a shocking to me my partner is very stable, faithful and closer to me than before, because before i contacted Dr Kachi i was the one begging my ex Girlfriend to come back to me but through the assistance of Dr Kachi, I now have my relationship restored. You can also have a better relationship only if you Contact Dr Kachi Website, https://drkachispellcast.wixsite.com/my-site OR Email: drkachispellcast@gmail.com You can reach him Call and WhatsApp Number:+1 (209) 893-8075

isabellalucas@gmail.com

3rd Nov'22 08:12:29 AM

My ex-husband and I had always managed to stay friendly after our divorce in February 2017. But I always wanted to get back together with him, All it took was a visit to this spell casters website last December, because my dream was to start a new year with my husband, and live happily with him.. This spell caster requested a specific love spell for me and my husband, and I accepted it. And this powerful spell caster began to work his magic. And 48 hours after this spell caster worked for me, my husband called me back for us to be together again, and he was remorseful for all his wrong deeds. My spell is working because guess what: My “husband” is back and we are making preparations on how to go to court and withdraw our divorce papers ASAP. This is nothing short of a miracle. Thank you Dr Emu for your powerful spells. Words are not enough. Email emutemple@gmail.com Phone/WhatsApp +2347012841542.

dwchzone@gmail.com

8th Sep'22 01:30:14 PM

GET RICH WITH BLANK ATM CARD ... Whatsapp: +18033921735 I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Cyber hackers send them the atm blank card and use it to collect money in any atm machine and become rich. {DARKWEBONLINEHACKERS@GMAIL.COM} I email them also and they sent me the blank atm card. I have use it to get 500,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode. You can also contact them for the service below * Western Union/MoneyGram Transfer * Bank Transfer * PayPal / Skrill Transfer * Crypto Mining * CashApp Transfer * Bitcoin Loans * Recover Stolen/Missing Crypto/Funds/Assets Email: darkwebonlinehackers@gmail.com Text & Call or WhatsApp: +18033921735 Website: https://darkwebonlinehackers.com

dwchzone@gmail.com

8th Sep'22 01:30:13 PM

GET RICH WITH BLANK ATM CARD ... Whatsapp: +18033921735 I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Cyber hackers send them the atm blank card and use it to collect money in any atm machine and become rich. {DARKWEBONLINEHACKERS@GMAIL.COM} I email them also and they sent me the blank atm card. I have use it to get 500,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode. You can also contact them for the service below * Western Union/MoneyGram Transfer * Bank Transfer * PayPal / Skrill Transfer * Crypto Mining * CashApp Transfer * Bitcoin Loans * Recover Stolen/Missing Crypto/Funds/Assets Email: darkwebonlinehackers@gmail.com Text & Call or WhatsApp: +18033921735 Website: https://darkwebonlinehackers.com

dwchzone@gmail.com

8th Sep'22 01:30:13 PM

GET RICH WITH BLANK ATM CARD ... Whatsapp: +18033921735 I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Cyber hackers send them the atm blank card and use it to collect money in any atm machine and become rich. {DARKWEBONLINEHACKERS@GMAIL.COM} I email them also and they sent me the blank atm card. I have use it to get 500,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode. You can also contact them for the service below * Western Union/MoneyGram Transfer * Bank Transfer * PayPal / Skrill Transfer * Crypto Mining * CashApp Transfer * Bitcoin Loans * Recover Stolen/Missing Crypto/Funds/Assets Email: darkwebonlinehackers@gmail.com Text & Call or WhatsApp: +18033921735 Website: https://darkwebonlinehackers.com

dwchzone@gmail.com

8th Sep'22 01:30:13 PM

GET RICH WITH BLANK ATM CARD ... Whatsapp: +18033921735 I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Cyber hackers send them the atm blank card and use it to collect money in any atm machine and become rich. {DARKWEBONLINEHACKERS@GMAIL.COM} I email them also and they sent me the blank atm card. I have use it to get 500,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode. You can also contact them for the service below * Western Union/MoneyGram Transfer * Bank Transfer * PayPal / Skrill Transfer * Crypto Mining * CashApp Transfer * Bitcoin Loans * Recover Stolen/Missing Crypto/Funds/Assets Email: darkwebonlinehackers@gmail.com Text & Call or WhatsApp: +18033921735 Website: https://darkwebonlinehackers.com

dwchzone@gmail.com

8th Sep'22 01:30:12 PM

GET RICH WITH BLANK ATM CARD ... Whatsapp: +18033921735 I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how Dark Web Cyber hackers send them the atm blank card and use it to collect money in any atm machine and become rich. {DARKWEBONLINEHACKERS@GMAIL.COM} I email them also and they sent me the blank atm card. I have use it to get 500,000 dollars. withdraw the maximum of 5,000 USD daily. Dark Web is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode. You can also contact them for the service below * Western Union/MoneyGram Transfer * Bank Transfer * PayPal / Skrill Transfer * Crypto Mining * CashApp Transfer * Bitcoin Loans * Recover Stolen/Missing Crypto/Funds/Assets Email: darkwebonlinehackers@gmail.com Text & Call or WhatsApp: +18033921735 Website: https://darkwebonlinehackers.com

robertmorrison744@gmail.com

30th Aug'22 09:45:08 PM

READ MY REVIEW HOW I WIN $158m CONTACT DR KACHI NOW FOR YOUR OWN LOTTERY WINNING NUMBERS. I was a gas station truck driver and I always playing the SUPER LOTTO GAME, I’m here to express my gratitude for the wonderful thing that Dr Kachi did for me, Have anybody hear of the professional great spell caster who help people to win Lottery and clear all your debt and buy yourself a home and also have a comfortable life living. Dr Kachi Lottery spell casting is wonders and work very fast. He helped me with lucky numbers to win a big money that changed my life and my family. Recently i won, ONE HUNDRED AND FIFTY EIGHT MILLIONS DOLLARS, A Super Lotto ticket I bought in Oxnard Liquor Store, I am so grateful to meet Dr Kachi on internet for helping me to win the lottery and if you also need his help, email him at: drkachispellcast@gmail.com and he will also help you as well to win and make you happy like me today. His WhatsApp number: +1 (570) 775-3362 visit his Website, https://drkachispellcast.wixsite.com/my-site

doormanwelche2734@gmail.com

16th Aug'22 11:52:34 PM

MAIL: HACKERSPYVILLE@GMAIL.COM WHATSAPP: +1 320-961-4598 Be it women or a man; it is very painful to find out that the one whom you love deeply from your heart is cheating on you. But being sorrowful and dishearten is not any solution to it. You will have to find out about the cheating activities of your spouse in similar situation. Some of our services includes: -Raise Credit Score -Intercepting and Retrieving Instant Messages -Remote Email Spying -Retrieval of Deleted Messages -Bitcoin Retrieval -Catching Cheating Spouse -Remote Email Spying -Retrieval of Deleted Messages -Bitcoin Retrieval -Catching Cheating Spouse And many more to your maximum taste of service. Find out the truth and bring peace to your world.

Get $5,500 USD every day, for six months! See how it works. What'sApp : +393512615163 I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so much testimony about how Dark Web hackers send them the atm blank card and use it to collect money in any atm machine and become rich. Email : carolblankatmcard@gmail.com Hangout : carolblankatmcard@gmail.com What'sApp : +393512615163 They also sent me the blank atm card. I have used it to get 90,000 dollars. withdraw the maximum of 5,000 USD daily. The Dark Web is giving out cards just to help the poor. Hack and take money directly from any atm machine vault with the use of an atm programmed card which runs in automatic mode.

Get $5,500 USD every day, for six months! See how it works. What'sApp : +393512615163 I want to testify about Dark Web blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so much testimony about how Dark Web hackers send them the atm blank card and use it to collect money in any atm machine and become rich. Email : carolblankatmcard@gmail.com Hangout : carolblankatmcard@gmail.com What'sApp : +393512615163 They also sent me the blank atm card. I have used it to get 90,000 dollars. withdraw the maximum of 5,000 USD daily. The Dark Web is giving out cards just to help the poor. Hack and take money directly from any atm machine vault with the use of an atm programmed card which runs in automatic mode.

Nath Mary

2nd Apr'22 03:10:15 PM

I'm so happy to share this with you that can read / see this now. When I started trading binary and forex a few months ago, I really didn't have the necessary tools to trade and I lost a lot until I met Pablo Martinez who taught me all about market psychology as he managed my account for me. Today I am grateful to him for his great offer and help because it really changed my financial situation with an investment capital of $1500 and now I'm earning around $35,500 - $30,000 profits per week. Here is his WhatsApp no: +44 7520 636249 or his email address: pm7234029@gmail.com Https://www.facebook.com/PM-Fast-Trade-104912912155335/

Ryan Kay

29th Mar'22 06:28:14 AM

Hacknet Credit Specialist is truly amazing. I have been trying for years to get rid of 2 bad accounts on my credit report. So I contacted him from a credit blog, he was able to get Capital One to completely delete their tradeline off all 3 of my reports. He did the same on my second account; and also cleans off my student loan of $54,000 and I got a high score of 795, he has been completely transparent and extremely communicative. Very affordable, I highly recommend him HACKNET567@GMAIL.COM +1 6464502754. Don't hesitate to get in touch with him for credit fix