5 Common Challenges Most Successful Entrepreneurs Face

5 Common Challenges Most Successful Entrepreneurs Face

Most successful entrepreneurs can attribute what they’ve accomplished to a strong desire and a laser like focus on the goals they’ve set! This is NOT to say that you won’t have challenges to overcome as you pursue your entrepreneurial dreams but rather that with persistence and a keen focus you can be successful as well! The key to your success will be found primarily in how well you maintain a healthy balance in your life, which will be essential, especially because you will be mostly working by yourself! Nobody to share your daily ups and downs with or to get feedback or opinions from can make your existence a lonely one and this can easily lead to some very common pitfalls you MUST avoid!

Following are 5 common obstacles entrepreneurs must be mindful of, especially when working by yourself, if you want to reach your goals!

Negative Thinking

One of the biggest challenges to overcome when working by yourself is negative thinking which occurs when you begin to doubt your abilities or what you’re doing! Without others around to lend encouragement or advice it is extremely easy to become frustrated and the longer you remain so, the more ‘negative self-talk’ or thinking you’re likely to do! Simply having others around who can offer different perspectives or insights helps keep you better balanced and not as likely to take on a perspective of doom and gloom!

Unrealistic Goals

Possessing lots of ambition is typical of any aspiring entrepreneur HOWEVER do not allow your strong drive to make less than realistic decisions! Although ambition is great to have, it can also lead to you ‘overestimating’ your resources and/or abilities when establishing your goals! You MUST be realistic when goal setting otherwise you are literally setting yourself up for failure! On the other hand having available to you the objective opinions of others will help keep your goals attainable and your efforts more effective!

Take Action

For many, it can be very difficult to STOP the ‘learning process’ and simply take action especially since the internet is a 24/7 incubator for new information! We’ve all heard of analysis paralysis which typically results from information overload and when working by yourself it becomes more difficult to recognize you’re caught up in this cycle! Learning is great and absolutely encouraged however if this knowledge is NOT put to use, what is the sense? Remember, nothing gets done until you take action!

When to Say When

Although having a strong work ethic is admirable, it is also critical to take the time to step away from your work! Being self-employed can be a very liberating feeling however without the proper balance in your life, your work can completely consume you! Recognize you’re only human and therefore subject to fatigue so it’s important to take breaks and to learn NOT to constantly be burning the midnight candle! Fatigue is a breeding ground for judgment lapses and other ‘types’ of errors which require additional effort just to correct! As a solo-preneur, do you really want to create MORE work for yourself thereby delaying your achievements? Of course not, so if you’re tired just step away until such time that you are properly rested, less distracted and ready to produce without making errors!

All Work and No Play…

Above we’ve spoken about taking regularly scheduled breaks from your daily work schedule but what about taking an extended leave? Spending time away enjoying family, friends, traveling or various outdoor activities is your WHY when it comes to the reason you’ve become an ‘independent’ business-person! When working by yourself it’s easy to become consumed by what you do therefore you DO need some balance in your life that reminds you why you work so hard and rewards you for doing so! Think in terms of what is more important to you, your work or your life!

Knowing most successful entrepreneurs have had the same challenges to overcome as you do serves as proof that your own goals can also be achieved! Perhaps the most difficult aspect of being an entrepreneur is that you are mostly working by yourself with no outside support or encouragement! For the reason alone it is critical for you as an entrepreneur to maintain a healthy balance in your life while in pursuit of your business goals! This will help you keep things in perspective, avoid burnout and of course, make the best decisions possible concerning your professional or personal interests! Simply be more mindful of those challenges of which we spoke of above so that they don’t overwhelm you!

The 5 Qualities of an Entrepreneur That Breed Success

The 5 Qualities of an Entrepreneur That Breed Success

There are 5 certain qualities of an entrepreneur that are NOT commonly possessed by others that enable them to create and experience small business success! These same qualities can help you reach your goals as well provided you possess them, and if you don’t, don’t worry, they can be easily developed! Without further ado let’s enter into a discussion about the 5 qualities many successful entrepreneurs possess and what YOU will also need to succeed if enjoying small business success is your goal…

Today I Do This – Prioritize

Each day you’ll want to identify at least one thing as your PRIORITY so you’ll focus on it till it’s completion! As an entrepreneur, your priorities will typically be any task or project that will move you closer to your ultimate business objectives! By narrowing your focus on just a few manageable priorities means they will get the attention they need to be successfully completed! In many cases, some priorities may take days to complete but at least your making progress and this is what you need to do to reach your goals! Stay focused and stick with planning your work daily…

Embrace Rather Than Flee Challenges

Instead of ‘instinctively flinching’ every time you encounter a difficult challenge WHY NOT instead take the attitude you’re learning something new? Good, bad or indifferent if the situation you’re facing challenges you, there’s bound to be something new to learn and knowledge is good, right? By continually avoiding those tough challenges you will likely never reach your goals while also severely limiting your chances of learning something new! Remember once you’ve acquired any new knowledge, it is yours to keep and the very best way to increase your own value!

A Word About Gratitude

Have you ever considered the ‘ripple’ effect that can be caused by a simple “thank you” to anyone who does something kind for you? WOW…everybody seems to win in this situation while at the same time it tends to reinforce ‘good’ behavior as well, imagine that? The good will you develop by being nice or displaying acts of kindness will only positively enhance your reputation and this can easily help to boost your business efforts! Oh and how about those networking or joint venture possibilities? Your small business success depends upon a lot of things and having a good reputation will only work in your favor so be nice, besides it feels good!

Self Motivation

When somebody has got to do it to get the job done, that somebody is most times YOU! Entrepreneurs are often times fiercely independent which is not unusual since they tend to march to the beat of a different drummer! Having made that point these independent business people tend to work alone thereby they are typically self-motivated! If entrepreneurship is something you want to pursue, possessing a strong sense of self-motivation is definitely something you’ll need to succeed! Without the proper motivation, your dreams will NEVER become your reality! Are you motivated enough to reach your goals?

Seek to Grow

Like in any business where you’ll need to find customers to profit you MUST also be willing to learn new things to remain competitive and ‘current’ in your industry! In many cases, your own small business success will directly stem from your knowledge of the industry that you’re working in and your willingness to continue your education! There will be skills and strategies you’ll need to develop to make you more effective at what you do, but if you’re not willing or too lazy to do so, you likely will be doomed to failure!

The 5 most distinguishable yet common qualities of an entrepreneur that leads to their small business success have been discussed above here today. Acquiring or developing these same qualities, which is NOT difficult to do, can help you reach your goals as well and this is GREAT news! The bottom line is success is something we all can enjoy and the 5 simple qualities discussed above are literally all you need to succeed at just about any endeavor! Now the only question left to ask is are you ready for success or do you just like to dream about it?

The Best Traits of an Entrepreneur Start with Grit

The Best Traits of an Entrepreneur Start with Grit

When speaking of the best traits of an entrepreneur we’re not talking about their intelligence, personality or intuitiveness but rather their grit! There’s little doubt these people are willing to work, but it is the way in which they approach their work that we’re discussing here today! Successful entrepreneurs typically have a firm understanding of their personal strengths and weaknesses which allows them to concentrate on what they’re are good at so they can better focus on goals they’ve set! These people often times ‘hack’ their way to success by using their strong focus and vision to guide and inspire them along the way!

Following below are 3 ‘gritty’ traits that help propel aspiring entrepreneurs to reach their goals and experience success! Do you have any of them?

Embrace Your Strengths & Respect Your Weaknesses

Knowing your own personal strengths and weaknesses is a great ‘starting’ point for anybody looking to start and/or run a small business! The last thing you want to do is to waste your valuable time on things of which you have little knowledge or expertise! This also leads to many mistakes being understandably made which take time to fix and subsequently opens the door to self-doubt and frustration! Nothing will diminish your confidence and motivation more than doubting yourself amid the frustrations of correcting needless errors!

Hard Working

We all have heard countless stories of people reaching great levels of success as entrepreneurs but this didn’t happen by accident! These people much like yourself are willing to work to achieve their goals and this is the foundation upon which many successful businesses have been built! Now there are many ways to cut down on your work-load such as automation or out-sourcing, but make no mistake, if you are NOT willing to work, success will likely NEVER be yours! Escaping the 9-5 workforce by going into business on your own does NOT mean the path will be easy, the hours shorter or the sacrifices fewer! On the other hand, your ultimate reward will be taking control of your financial future, so the hours you invest and the sacrifices you make will be worth it!

Pocket Your Pride and Ask for Help

A network saves legwork and is one the best ways to further your education or to simply ‘hack’ your way through a problem! The savvy entrepreneur understands that they should NEVER be too proud to ask for help! Reaching out to others when looking for help not only gets you the assistance you need, but it also typically connects you with like-minded with whom you can share thoughts and ideas! Although you may be in business by yourself, this should never prevent you from establishing and maintaining a network of folks you can call upon for tips, tricks and advice!

Grit is one of the best traits of an entrepreneur in terms of how they primarily focus on goals and do what it takes to reach them! By first assessing their own personal strengths and weaknesses these people are able to plan their course of action according to their particular areas of expertise! Although they are willing to work to get what they want these entrepreneurs are also aware of their own weaknesses which helps them avoid doing the things that slow them down or hold them back! As discussed above the ‘gritty’ entrepreneur also knows when to reach out and ask for help and is NOT afraid to do so! Having the grit to roll up your sleeves and get to work is essential to aspiring entrepreneur but just as important is knowing your weaknesses so they DON’T sabotage your efforts along the way!

5 Challenges All Small Business Owners Must Overcome!

5 Challenges All Small Business Owners Must Overcome!

On the surface small business owners seem to have it made considering in many cases, they are working alone! Oh course the initial assumption understandably is, when working alone, you have nobody pushing, pressuring or pissing you off, thereby ruining an otherwise peaceful day! Time to get real however since solopreneurs, like the ones described above, have many challenges standing between them and their aspirations for small business success! Subtle as these challenges may be however, unless you’re willing to work to overcome them, even just one, could easily be the cause of any business failure!

For anybody working alone in their own business here are 5 areas of concern they must address if they plan on being successful…

Work Overload

When you are the ‘owner operator’ of any business you must be willing to work since you can’t rely upon the help of others! This ‘willingness’ however can grow a bit weary over time, especially if the results from the efforts you’ve invested are slow in coming! Either fatigue or frustration or both is all you need to ‘dampen’ or even extinguish the competitive fires within you causing you to lose your drive and relinquish your dreams!

Anxiety

When working alone self-doubt can often times be your worst enemy but this is something that ‘comes with the territory’ when working as a solopreneur! Without feedback or encouragement from others minor problems can easily bloom into a full blown catastrophe and the next thing you know, rationale thinking goes out the window! Anxiety can not only keep you from enjoying the small business success you seek but it can and will ruin your life if left unchecked!

Stress

Both the mental and physical capabilities of anyone who works alone are under constant demand which leads to exhaustion in both cases! Once again without the support or even the simple camaraderie associated with having others around , any stress be it physical or mental, has the tendency to grow disproportionately! There are many dangers signs here that threaten not only your small business success but even more importantly, your overall health! Remember, stress can kill so steps need to be taken by solopreneurs to avoid long periods of isolation! Spend more time with family and friends to help keep you grounded, you’ll be glad you did!

Motivation

When you are motivated both your focus and your efforts tend to be very strong which is why most entrepreneurs need to be self driven! Now there are many reasons that may motivate someone, some may be internal, which is a strong source, while others may be more external, much like the encouragement you get from others! It is external sources of motivation most solopreneurs lack thereby putting them at a bit of a disadvantage UNLESS they identify other sources from which they can draw their motivation! Simply remember you MUST be willing to work at keeping your ‘drive’ alive because the success you seek will slip away otherwise!

Education

Keeping yourself up to date with current news and developments is challenging enough for any online entrepreneur but for solopreneurs, this challenge can be greater! With so much to do and so little time to do it, it becomes very easy to put your own self-education on hold, or worse, shelve it completely! Maintaining your ongoing education is critical for any online business primarily because things change so fast on the internet and in the blink of an eye you can find yourself far behind the competition!

Although small business owners appear to have it made because they are working alone with no one bossing them around, they do face unique challenges! The fact is that solopreneurs like those described above must be willing to work through certain fundamental challenges that confront them each and every day! These challenges, issues and/or concerns, as discussed above are simple enough but do, however, become particularly daunting to anybody working alone! The point is without the constant support, feedback or encouragement of others, which most solopreneurs tend to lack, small business success will evade them!

Solopreneurs Face Unique Challenges

Solopreneurs Face Unique Challenges

On the surface Solopreneurs seem to have it made because they are working alone however once you take a closer look, it is easy to see that entrepreneurs who work alone face many challenges! When running a small business, by yourself, you can set your own hours and make all the decisions but on the other hand you’ve ‘inherited’ many responsibilities that may otherwise typically be shared with others! Another thing to consider is whether you are comfortable and well-suited to spend so much time alone, often without the input of others, while building your business!

Let’s take a closer look at some of the challenges you can expect to face when working alone and how to overcome them!

4 Key Challenges All Solopreneurs Face And How To Overcome …

As a solopreneur, we all face challenges daily, Read on to see how you can overcome them.

Although the challenges discussed above are all daunting, believe it or not these are NOT the only obstacles you are likely to face when working alone! The following article ‘presents’ more than 100 entrepreneurs sharing their own concerns about the barriers they face when going it alone as entrepreneurs and how they handle these challenges!

Entrepreneurs: The Biggest Challenges Facing Solopreneurs …

Solopreneurship can be a huge challenge for even the most seasoned entrepreneurs. So, to help you navigate those bumpy solopreneurship waters, I haveĀ …

When working alone, as discussed above, you will find plenty of obstacles challenging your discipline, focus, mind-set and productivity! The video below shares some tips and tricks you can use to stay productive, get organized and remain motivated to do what needs to be done! Remember, with nobody around you’ve got only yourself to depend upon to keep both your business and yourself profitable as well as productive…

Many people envy solopreneurs for the ‘apparent’ lifestyle they lead! These gritty entrepreneurs are usually working alone without the support or instructions of others and even though this seems attractive, at least on the surface, running a small business by yourself offers many challenges as discussed in the articles above! Perhaps the biggest challenge of all facing those who are working for and by themselves is maintaining the motivation they will need to succeed and this was addressed in the above video! The long and short is this, the life of any solopreneur offers the potential of great freedom and riches, provided of course the individual is willing and prepared to tackle and conquer the unique obstacles associated with running a small business all by yourself!