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5 Unavoidable Difficulties You Face As An Entrepreneur - Business - Nairaland

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5 Unavoidable Difficulties You Face As An Entrepreneur by magikalz(m): 3:35pm On Jun 07, 2017
Taking the path of an entrepreneur is not a walk in the park as it apparently appears. Most aspiring entrepreneurs dream of the day they can quit their day jobs, earn money doing what they love, and live a luxurious lifestyle. It’s actually easy to see why people think this way with all the tales that comes with having your own business

Starting your own establishment can be both exciting and scary but the rewards of success is unbelievably worth it. You will face a new horizon, new opportunities, new experiences and will encounter open new doors for you. Starting and running a business is hard work and it takes dedication, strength of character, and resilience in unfamiliar grounds to survive. It is not for the weak-minded.

You’re going to face challenges irrespective of who you or where you are. Fortunately these challenges are normal and comes with being an entrepreneur. Take them as they come, learn from them, improve on your abilities and forge ahead. Check these out!



You will experience stagnation and boredom

Learning a skill or building a concept requires a process and appears very easy to do. However, many people lose that initial excitement they feel for their business in the beginning when everything becomes routine. If care is not taken, you might decide to go after the next shiny object. Boredom and stagnation are part of the ills which plague new businesses and sometimes it would seem like nothing is moving. You might seem stuck on the same level, rest assured, it’s quite normal.

Starting and sticking to a business is like trying to master any new skill. It takes patience and discipline to build and grow a business. Sometimes working on it can feel boring, while other times it can be exciting. Consistency is an attribute that will facilitate your business growth.



There will be obstacles as your business grows

New entrepreneurs usually feel they are capable of handling any challenges that may crop up when they start a business. Most think once the business gets up and running, then they can handle everything life throws their way. It’s not always that simple and some challenges would practically overwhelm you and your plans but remaining positive, expecting them and planning how to keep going afterwards is always key.

While this may be a nice way to motivate yourself initially, the truth is that each stage of your business will have its difficulties. Once you’ve learned to grow your business past one step, then the next step will have a different set of challenges. You’re constantly on your feet thinking about how to grow your business and how to evolve in an ever-changing environment.



Your skill level might be questionable

Beginners usually to overestimate their abilities. We think we can become the best at whatever we decide to do but it’s only when the business kicks off that we realize our skill level isn’t quite at the level required to carry through.

That’s okay. It’s completely normal and just part of the process. The more you experience both successes and failures, the better you would get. Observing those ahead of you would also help your growth.



You will have to master multi-tasking

A common feature of most jobs is they are routine in nature which means it’s probably a boring repetitive process. However as a new business owner, you will need to know a little bit of everything. You’ll have to manage many aspects of the business by yourself and this is really great in the long run because you will be quite knowledgeable about a lot of things. Sometimes you learn by trying things out, and other times you learn by making mistakes.

Outside of your business, you’ll also learn along the way by reading articles and books, attending seminars, or talking to other people. Reading and having a mentor will go a long way in improving your skills levels.



There will be depressing moments you will feel like quitting

Do you ever hear successful people talk about those tough times they faced when they were starting out? You will feel the same way. You will sometimes wonder what it was all for. People will make you feel self-conscious about what you’re doing. Every successful entrepreneur experienced these difficulties at one point or another. Your family and friends will probably wonder at your sanity and you would too. But as long as you don’t give up and keep learning and trying, you will improve and things will get better. The choice is yours.


Want more motivation, check out the link on my signature.

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Re: 5 Unavoidable Difficulties You Face As An Entrepreneur by eezeribe(m): 3:40pm On Jun 07, 2017
OK
Re: 5 Unavoidable Difficulties You Face As An Entrepreneur by DrUche3(m): 4:43pm On Jun 07, 2017
Well done Op! These are just the basic truth.
Re: 5 Unavoidable Difficulties You Face As An Entrepreneur by magikalz(m): 11:09am On Jun 20, 2018
DrUche3:
Well done Op!
These are just the basic truth.

Thank you for reading!

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