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Nairaland Forum / Nairaland / General / Business / What's Your Greatest Challenge As An Entrepreneur? (16756 Views)
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Re: What's Your Greatest Challenge As An Entrepreneur? by Venerable612(m): 5:21pm On Sep 08, 2019 |
maximunimpact: It depends - how much are they being paid, and what are the working conditions. Employers as well need to provide an enabling environment for the employees to thrive. |
Re: What's Your Greatest Challenge As An Entrepreneur? by Ademat7(m): 5:23pm On Sep 08, 2019 |
iamadonis2:read millionaire Fastlane and 100$ startup 4 Likes |
Re: What's Your Greatest Challenge As An Entrepreneur? by Nobody: 5:24pm On Sep 08, 2019 |
Meliian: Quite frankly, you are just speaking English. Are you in a buyers or sellers market? Is your value proposition appreciated by your client? Mechanics are a dime a dozen. Why should I engage you when your competition will do it for less and you cannot convince me that you are a better choice? The cold hard and unpleasant truth, most of the time you have to identify the shot caller and make him / her happy. Relationship management. This usually c9kes down to kickbacks in one form or another. People will blow all the Grammer about company policy etal, but in the End, 90% of them are just chasing their own interests. 2 Likes 1 Share |
Re: What's Your Greatest Challenge As An Entrepreneur? by Ademat7(m): 5:24pm On Sep 08, 2019 |
MooreJozo:Increase ur network, explore religious gathering |
Re: What's Your Greatest Challenge As An Entrepreneur? by Yhemit(m): 5:29pm On Sep 08, 2019 |
My biggest challenge as an entrepreneur is marketing, getting the right and direct companies or industries for my Shea Butter. |
Re: What's Your Greatest Challenge As An Entrepreneur? by Aventador: 5:30pm On Sep 08, 2019 |
BlackAlbinoo: Hello sir, Pls can you teach me. I willing to learn. |
Re: What's Your Greatest Challenge As An Entrepreneur? by y3mi(m): 5:32pm On Sep 08, 2019 |
My answer to your question (in this part of the world) is nothing other than...
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Re: What's Your Greatest Challenge As An Entrepreneur? by Aventador: 5:32pm On Sep 08, 2019 |
Offpoint: Hello sir, what are you into. im willing to learn. 1 Like |
Re: What's Your Greatest Challenge As An Entrepreneur? by Meliian(f): 5:32pm On Sep 08, 2019 |
ornicus: Before you come online or anywhere at all to complain about sales, you must be able to beat your chest that what you sell is top-notch, (can compete with the best in the industry). My responses are based on this assumption. Now you can take this as answer to your other quote. 7 Likes |
Re: What's Your Greatest Challenge As An Entrepreneur? by Yhemit(m): 5:33pm On Sep 08, 2019 |
Meliian: Please how do you go about the problem of not getting direct link to foreign companies for Shea Butter. Because from my own view if a producer is ready to maximize profits ,it's those big companies. |
Re: What's Your Greatest Challenge As An Entrepreneur? by FredasMumAndI: 5:36pm On Sep 08, 2019 |
Lucascruiz: I don't do Pay on Delivery. I tell them it is pay before delivery, and I send them evidence of dispatch once iitem has been shipped. |
Re: What's Your Greatest Challenge As An Entrepreneur? by FredasMumAndI: 5:39pm On Sep 08, 2019 |
My challenge is courier. Shipping is not cheap even for items that are not weighty. I will keep making enquiries till I find a simple,cheap and reliable way to ship items. |
Re: What's Your Greatest Challenge As An Entrepreneur? by Nobody: 5:40pm On Sep 08, 2019 |
Meliian: I am talking from both sides of the aisle. Value add is very subjective Say you want to build a sign for me. You say your cost is $5000. Someone else is $ 4000 You tell me your signs are best in the industry.i go to sites where you have signs and I cannot see anything differentiating your signs. Or maybe your expensive sign is expensive or a leader because of features that are irrelevant to me. It is automatic . it can update over the internet. But I don't need that. |
Re: What's Your Greatest Challenge As An Entrepreneur? by OGand99others: 5:54pm On Sep 08, 2019 |
Funding my business Loan is greatest challenge Meliian: |
Re: What's Your Greatest Challenge As An Entrepreneur? by COMPENGRFRANK(m): 6:02pm On Sep 08, 2019 |
maximunimpact:AM HERE SIR |
Re: What's Your Greatest Challenge As An Entrepreneur? by GentlePEACE: 6:05pm On Sep 08, 2019 |
BlackAlbinoo: Can I see your store? |
Re: What's Your Greatest Challenge As An Entrepreneur? by Nobody: 6:06pm On Sep 08, 2019 |
BlackAlbinoo:Cool |
Re: What's Your Greatest Challenge As An Entrepreneur? by Tokziby: 6:10pm On Sep 08, 2019 |
All I can say is, the greatest challenge for an entrepreneur is carving a unique niche and an enabling environment. The way people jump into businesses because they hear it's lucrative is very wrong. You should rather focus on the location u want to do it. Do a proper feasibility study. Research thoroughly about the pros and cons. Or better still the old fashioned way(which is the best), look for people that are already into the business, pay to understudy them or volunteer to work under them for free for a particular period of 6 months minimum. this will lay a very good foundation for ur start up cos u would have been exposed to most of the constraints in the business. Every business has a tuition fee which are; ur losses, brainstorming, relentless efforts, rejections, sleepless night etc are the fees u gotta pay. Also different business has different challenges, a service based business is different from a commodity based. There are conditions that u must be aware of before jumping into it. You must know urself and your capabilities. You need to ask urself various questions like Do u have passion for it or just for the money? Does it suit u? Is it physically or mentally challenging? Does it requires creativity? Are u ready to face rejection, disrespect, criticism, bad mouthing etc. Every business requires a master class but sadly u can't learn it in the four walls of a classroom or books. It's a continuous learning process that moves with time or trend. The bitter truth is that, entrepreneurship is not meant for everyone. U might have a million ideas and none will work for u cos u are best at following instructions behind the desk while another person may have just one idea and it will turn to million things cos he's specifically built for it. Know urself before u ruin urself. 5 Likes |
Re: What's Your Greatest Challenge As An Entrepreneur? by Meliian(f): 6:11pm On Sep 08, 2019 |
ornicus: Don't let's go in circles, you're saying the same thing and I've addressed your question. For clarity's sake: 1. No two products are the same. That said, what a seller offers wouldn't always be what you seek and that's okay, because the reality of every business is that you can't have monopoly of sales i.e you can't own 100% of the total market size. The goal is to control the largest share of the total market. 2. An entrepreneur must be able to vouch that his product/service is premium. Choose your premium price and STICK to it. What you sell is your creation. And what you create is your pride. If you don't see your brand from this perspective, you will always settle for less. 6 Likes |
Re: What's Your Greatest Challenge As An Entrepreneur? by Meliian(f): 6:16pm On Sep 08, 2019 |
Yhemit: Sorry, I can't give advice in the area of marketing. 1 Like |
Re: What's Your Greatest Challenge As An Entrepreneur? by Sunriserealtors: 6:23pm On Sep 08, 2019 |
MasterRahl:This upwork stuff how does it work. 1 Like |
Re: What's Your Greatest Challenge As An Entrepreneur? by hopefulLandlord: 6:23pm On Sep 08, 2019 |
iamadonis2:Me too bro, me too |
Re: What's Your Greatest Challenge As An Entrepreneur? by hopefulLandlord: 6:24pm On Sep 08, 2019 |
madenigga: It's a technology? |
Re: What's Your Greatest Challenge As An Entrepreneur? by madenigga(m): 6:25pm On Sep 08, 2019 |
hopefulLandlord:Actually its an App |
Re: What's Your Greatest Challenge As An Entrepreneur? by hopefulLandlord: 6:26pm On Sep 08, 2019 |
madenigga:mind sharing? |
Re: What's Your Greatest Challenge As An Entrepreneur? by LaIabobo: 6:28pm On Sep 08, 2019 |
MasterRahl: Please get a Lumos box. Monthly payment is less than 5k and you have options of less than 200naira daily. It can power your laptop and other small home appliances. 2 Likes |
Re: What's Your Greatest Challenge As An Entrepreneur? by henrijin: 6:31pm On Sep 08, 2019 |
Apart from poor feasibility studies, one problem businesses face is lack of keeping financial records. Proper bookkeeping helps businesses make informed decisions. I can help you do this. I help SMEs handle their financial records as it will be too expensive hiring a full time accountant. Let’s talk on bookbalanceng at gmail dot com and let me see where I can help you. 4 Likes 1 Share |
Re: What's Your Greatest Challenge As An Entrepreneur? by naturefellow(m): 6:33pm On Sep 08, 2019 |
Capital to expand. Marketing |
Re: What's Your Greatest Challenge As An Entrepreneur? by Ademat7(m): 6:34pm On Sep 08, 2019 |
2emgee:it is d people who can't pay for your service, talk to your customers they will give u advice (survey their opinions) 1 Like |
Re: What's Your Greatest Challenge As An Entrepreneur? by Ademat7(m): 6:37pm On Sep 08, 2019 |
maximunimpact:Your niche? Hope work environment is not a big problem? |
Re: What's Your Greatest Challenge As An Entrepreneur? by naijasquare(m): 6:38pm On Sep 08, 2019 |
Nigerfine2: Well, there is nothing like 'these people that sell these in Houston are big big' because anyone can compete with big businesses. I don't know if you are from Ghana but Nigerian foods will always be my first choice before others. FYI. Ghana yams are more perishable than Nigerian yams and Nigerian buyers and Camerounians prefer our palm oil than Ghana or Malaysian. 2 Likes |
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