Without help, many frustrations will not go away. wishing and hoping only saps your energy.
Not everyone is suited to running a small business
True entrepreneurs have a predisposition to handle many frustrations at the one time. People who are not entrepreneurs should take steps to understand their personality type or temperament before. taking on any type of enterprise. This one action will save them many frustrations and sleepless nights.
Businesses and others who address these frustrations can look forward to having some very excited, enthusiastic people who will develop their businesses and in turn contribute to the development of their community.
Advisors who can address these frustrations can look forward to successful relationships with their small business clients.
“A river cuts through a rock, not because of its power but its persistence”. Jim Watkins
Most small businesses and non-profits have their share of frustrations
Different things frustrate some people more than others. Use this list to start establishing possible frustrations you might have to deal with.
- Cash flow and funding are usually at the top of the list.
- Have a more positive stable future for their business.
- Can’t seem to find a stable direction.
- Have better family support and relationships.
- Have their family get to know what the business is all about.
- Dealing with taxes and government compliance.
- Able to cope with the avalanche of information.
- Understanding and utilising new technologies.
- Dealing with social media.
- Have improved access to funding, with better funding options.
- Know and be able to access people willing to help them.
- Be recognised and be appreciated within the community.
- Have more control over their business and its future.
- To find good reliable employees and volunteers.
- Find good reliable enthusiastic people to assist.
- The concept of content marketing.
- Dealing with debtors and overdue
- Capacity to maintain consistent marketing activities.
- To have the workload more evenly dispersed.
- To be able to go for a decent holiday with the family.
- Lack of skills to deal with difficult people.
- Remove the stress associated with running a business.
- Have trouble with the concepts of planning and budgeting.
- Improve the health and lifestyle of all the people involved.
- Isolation and Loneliness.
- Have a feeling or sense of belonging.
- Difficulty in understanding all the components of a well-run
- Have more answers, when nobody seems to care.
- Having to do things they are not good at or don’t like doing.
Most small business owners tend to struggle with systems and processes, they don’t realise that in the best businesses, systems run the business and ordinary people run the systems.
Having better systems and processes is an important key to overcoming many frustrations. While many aspire to have a business that runs without them, few ever achieve such a business because of it the lack of good systems and processes.
There are many frustrations, however, if you list and prioritise them you will be able to find the answers you are looking for. Deal with them each day and stop wishing and hoping that one day you will have the dream businessy ou set out to achieve.
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Most business people feel frustrated at times and even a bit overwhelmed. Know that you are not alone even though at times it may seem like you are.
Many smaller business and non-profits share similar problems and complaints. The good news is that you can use this information to your advantage to learn from others about what you can do to quickly address those frustrations and their implications.
While small enterprises fail at a discouraging rate, up to 60% in their first year; and 80% are gone after five years, this doesn’t seem to dominate their thinking until trouble strikes.