Académique Documents
Professionnel Documents
Culture Documents
CHALLENGES
IN THE LIFE OF AN
ENTREPRENEUR
LMTS
Finance
Finance
LMTS
Finance
Growing Fast
Vis-a-vis
Slow Growth
Sticking to a budget.
Starting small and letting a business grow
at its own pace also ensures that the
capital generated from doing business
can adequately cover all operational
expenses and future expansion plans.
LMTS
LMTS
Discussion groups
Educational resources
Professional associations
And publications to turn to for support and
counsel.
LMTS
Inventory Management
LMTS
Lack of Marketing
Information
Human Resources:
Recruitment
Remuneration
Training
Trust: Business Secret
Retention
LMTS
Planning ahead
LMTS
LMTS
Solution
vis-a-vis
Problem
Systematic Problem Solving:
Ignoring problems complicates the process further.
In other words you need to take care of things today
instead of putting them off until tomorrow
So if you feel the need to dump something. Dont wait
Do it today!
If you are thinking about cleaning out your fridge after
the weekend. DO IT RIGHT NOW!
LMTS
Poor organization
An entrepreneur needs to write down business goals and deadlines for meeting the goals to
ensure that focus is generated. Well written goals eliminate procrastination which is among
the most common organizational challenges facing entrepreneurs. It is common to find that
many entrepreneurs have numerous exciting things that they should accomplish for their
business however they fail to take the actual step of doing these things because of factors
such as procrastination. It is possible to stop procrastination by focusing on the goals of a
business. This way an entrepreneur concentrates on the excitement of getting his business
to the next level other than the boredom of actually doing it.
LMTS
LMTS
Problems
Vis--vis
Opportunities
LMTS
Idea people
vis-a-vis
Implementation people
LMTS
Current level
of
Competency
on 10 point
scale
Effort to be made
Desired level
of
Competency
on 10 point
scale
Planning
Decisionmaking
Leadership
Team-spirit
Communicatio
n Skills:
- Writing
- Speaking
- Listening
Analytical &
logical
reasoning
LMTS