entrepreneur

Five Most Common Entrepreneurial Challenges on the Road to Success

Entrepreneurship is an extremely exciting and challenging job that is unmatched by any other. Every day could be presenting new opportunities and every day you may encounter a whole new challenge. Tackling new challenges and coming out victorious is the key to be a successful entrepreneur. Here are some of the challenges that come on the way of your entrepreneurial journey.

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Entrepreneurial Motivation: Step Up or Step Out | Extraordinary Business

entrepreneur
When you started your company so many years ago, it probably seemed like it was going to be awesome. You see the “enviable” lives of entrepreneurs who build and sell multi-million dollar or even billion-dollar companies, repeatedly. They take vacations whenever they want to, have staff to do everything and “do what they love so they will never have to work a day in their lives.”
It was kind of like that with my older kids when they decided to move out…freedom to do what they wanted, when they wanted, etc., dominated their thinking.
In both cases reality struck one day. While the kids just moved back home (Another story. Oh, Lord. Pray for us!) and enjoy life (I don’t think they will ever leave!), as an entrepreneur, you had two choices: give up or get going.
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Fearless | Extraordinary Business

Noting your greatest fears and moving forward anyway.

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Starting a new company is not for the faint of heart. As a matter of fact, many entrepreneurs including myself could probably tell you many stories that might shake you to your core if you are unfamiliar with the landscape. The risks are high, there are many unknowns, the demands can be crushing and the work endless. But people do it every day…and many do it again.
 
An interesting quote by Malcolm McLaren, below, speaks of being fearless of failure.

 
What matters is this: Being fearless of failure arms you to break the rules. In doing so, you may change the culture and just possibly, for a moment, change life itself.

-Malcolm McLaren

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Fearless | Extraordinary Business

Noting your greatest fears and moving forward anyway.

image

 

Starting a new company is not for the faint of heart. As a matter of fact, many entrepreneurs including myself could probably tell you many stories that might shake you to your core if you are unfamiliar with the landscape. The risks are high, there are many unknowns, the demands can be crushing and the work endless. But people do it every day…and many do it again.

 

An interesting quote by Malcolm McLaren, below, speaks of being fearless of failure.

 

What matters is this: Being fearless of failure arms you to break the rules. In doing so, you may change the culture and just possibly, for a moment, change life itself.

-Malcolm McLaren

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So…You are CEO…What Now?

I’ve worked with a number of entrepreneurs who tend to call themselves CEO, or Chief Executive Officer, which, in all respects, is fine.  It’s no different then being a solopreneur, (an entrepreneur who runs a single person shop) and referring to ‘we’ whenever goods and services are questioned.

While many small business owners embrace this idea, a common thread I’ve seen amongst business owners is determining where and how to fit into the organization.  Some wish to do everything.  Others wish to hire a manager and take long, exotic vacations on company funds.  Others, still, sort of bounce…around…inconsistently…consistently getting in everyone’s way.clip_image002

The job of the CEO or whatever the business owner is calling themselves, is to drive the vision for the organization.  This assumes, of course, that the business has a vision.  What this means is that:

  • You probably cannot take a job in the business that is going to take you away from driving the vision.
  • You need to evaluate what you do each day to determine what types of things you need to get off your plate so you can drive the vision
  • Being the CEO doesn’t mean you need to put your thumb on everyone’s neck.  You will get far more from them by sharing the vision, leveraging their input and allowing them to focus their energies on their strengths
  • Being CEO doesn’t mean that you shouldn’t be present.  Driving the vision cannot be done without presence.  This means that you need to connect with your people – virtually or actually, on a regular basis.
  • Being CEO doesn’t mean that in the earlier phases of your business, you “just don’t do stuff.”  But it does mean being cognizant of where the holes are and making plans to address them before they become problems!

As CEO of the organization, your organization is dependant on you for leadership, direction and presence.  Business is about people, and good business is about bringing people together, with specific gifts, talents and abilities, synergizing and focusing those energies on a single vision, which will make all parties better off.

Business, at its core, is about people. 

At Aepiphanni Business Solutions, we are a Small Business Consulting Firm dedicated to serving the needs of small business owners. We specialize in helping you develop strategies for your organization, and are committed to your success. If you have further questions about creating your strategy or developing your vision, please give me, Rick Meekins, a call at 678-265-3908, or email us at [email protected].


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Call of the Entrepreneur

Take a look…what do you think? What is it that drives us to do what we do? Is it pride? Is it greed? Is it narcisism? Businesses are the lifeblood of our communities, be them big or small. We all contribute to the success and growth of life as we know it, from the rice paddy grower to the T-Mobiles of the world. Without those who are willing to take a risk…risking all, sometimes, we don’t grow.

Call of the Entrepreneur looks like an interesting movie that discusses these and other topics. Determine where you fit.

What struck a nerve with me, however, is the idea that while many enter the marketplace with the goal of domination, where someone wins and someone loses, the reality is that there is room in the marketplace to present our new and unique positions to expand the marketplace to support unique offerings to a distinct market segment. So, which is stronger…one of us or all of us?

Enjoy.

At Aepiphanni Business Solutions, we are dedicated to serving the needs of small business owners. We specialize in helping you develop strategies for your organization, and are committed to your success. If you have further questions about creating your strategy or developing your vision, please give me, Rick Meekins, a call at 678-265-3908, or email us at [email protected].


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