Tag: Business Idea

How to Overcome the Challenges of Starting a Business | Business

~ knjohn ~ Leave a comment

There are many excellent reasons to start a business — be your own boss, earn more money, enjoy a flexible work schedule, expand your skill set, etc. However, like all worthwhile endeavors, starting and building a new business is challenging.

You’re passionate about your business idea? Then don’t let the inevitable entrepreneurial pain points keep you from following through — make your business ownership dream a reality. As most small business owners will tell you, the risks and challenges are usually worth the rewards.

The biggest challenges of starting a business

Consider the following seven challenges most entrepreneurs face when starting a business and take steps to overcome them.

1. Running the show alone is a business ownership challenge.

Read More

Starting Off on the Right Foot | The Startup Magazine

~ knjohn ~ Leave a comment

You have your business idea, maybe even a rough framework in mind as to how you want to bring that idea to life. The time is now. Sit down and really understand what you want to achieve and how exactly you plan on reaching your goals. Without this initial phase of self-reflection and objective setting, you’re almost stepping out in a foreign city without a map – you may speak the language, meaning you may already know the sector you are launching in, but that doesn’t necessarily mean you will get to your end destination, on time or in the form you desire.

Not sure where to start? We’ve taken a look at how to evaluate a few macro areas that may influence the success of your business, and how you launch it. It is by no means exhaustive, but can give you a good foundation to get going.

Read More