Droughts and flooding rains can be amongst the biggest challenges.
Challenges are there to make you stronger
In good times and tough times small-medium enterprises, non-profit organisations and communities together face many challenges. Times can be tough when these challenges are not understood and acted on.
Many challenges are unique to their situation and not often understood by those who declare they are there to help and support.
There are a number of key challenges facing smaller organisations and communities, particularly in regional, rural and remote areas. The challenges seem to recur over and over for those who don’t take time out to educate themselves and their stakeholders, who just happen to be real people too.
Understanding of these challenges can greatly enhance your future
- Increasing competition with globalisation and the technology driving it.
- The turbulent environment in which we all work, it seems like a “free for all”.
- Lack of understanding of business models and value
- Lack of understanding the importance of business planning and budgeting.
- Not being able to overcome the fear of failure.
- Overhead is out of control, poor cash flow and lack of working capital.
- Some have what they need, but you do not understand what to do with it.
- They have all the information available but lacks the skills to act.
- Changing of old entrenched habits within a business and with relationships.
- Cloud computing and other technology issues for business.
- The technology gap between what you have now and what is possible.
- Pricing and margin issues.
- Tiredness, stress and fatigue through overload and being overwhelmed.
- Integrating new technologies into the business because to lack of resources.
- Finding the right staff and volunteers and keeping them
- Cultural and language problems.
- Dealing with Big Data and the explosion of information and knowledge.
- Providing innovation along with inexpensive ideas and having them appreciated.
- Dealing with mendicant behaviour (they want everything done for them).
- Understanding the pitfalls of working in isolation and dealing with loneliness.
- Information overload.
“Results are obtained by exploiting opportunities, not by solving problems. All one can hope to get from solving a problem is to restore normality”. Peter Drucker
- The solutions are beyond the businesses current level of understanding or capacity.
- Getting people to understand the bigger picture.
- Understanding the difference in value between information, knowledge and wisdom.
- The challenges of making changes that need to be made.
- The degree of specialisation and focus required compared with the depth of experience.
- Difficulty in monitoring and measuring business satisfaction and performance.
- Identification and communication of new opportunities.
- Coping with government involvement which can be very frustrating.
- Dealing with micro-management by
- The evolving and challenging business culture. Differences in regional, rural, remote, indigenous, ethnic and city business culture.
- Identifying hubs, associations, networks, partnerships, influencers, communities, groups, alliances that would be helpful to the business.
- Gathering market and community research. Quality research on which to base decisions is often difficult to gather from businesses and their communities.
This might seem like a lot of challenges but they don’t all apply to all and they don’t all happen at the same time. Check the ones that impact you and prioritise a plan of action. If in doubt seek the help of an external advisor.
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I have found that most people know the reality of the many issues that can negatively impact their future, but few receive the guidance they need to overcome them.
It’s hard to believe that some people will not take the necessary actions to meet their challenges until it’s too late. This indicates to me the need for a catalyst in the form of a friend, suppliers or advisor to act as a catalyst for action. fear of failure is obviously something that needs to be addressed and overcome.