Challenges Faced by Entrepreneurs When Building A Business
At BRAIN Start Up Challenge, we seek to explore and explain the unique challenges faced by entrepreneurs when building a business. If its your first one, then the best advice we can give you is to take your time, consider your moves, and not to bet the farm.
As you may already be aware, there are a tremendous amount of potential pitfalls for the adventurous entrepreneur, from product compliance and legitimacy to labour disputes aka hiring and firing, external compliance, unforeseen costs and expenses that devastate profit margins, fixed costs like that rent, rates, wages and administration that must be paid each month, whether you make one red cent of profit and many more.
That said, the journey to success as an entrepreneur is one that will sculpt who you are as a person, and one that no one can take away from you. So once again, we would just point out to take your time, and to consider your moves.
Good luck – The BRAIN Start Up Challenge