This is a guest blog post from Ariel Black, Content Marketing Manager for SPAN Enterprises.
As an entrepreneur, you will or have experienced a set of unique life changes. Many do share the road to success and accomplishment. However, few have experienced spearheading their own venture and having to combat the responsibilities and the new set of rules that follow. We understand starting your own business is fraught with constant challenges. Here are some of the issues and difficulties we faced on our road to where we are now.
1. UNFAMILIAR TERRITORY
Most successful entrepreneurs find themselves blazing new trails, disrupting old standards or by simply providing a better solution than their competition. Our owners, Agie and Naga founded our parent company by combining their 20 years of expertise in software and design in pursuit of their dreams. No matter what the case as an entrepreneur you should welcome new and creative ideas. Use the skills and knowledge you currently have to find a need and create a solution. You will find yourself staring into a fog of the unknown, unsure about where to go next but remember change is the only constant in the marketplace and to never give up.
2. THE STRUGGLE OF GETTING OFF THE GROUND
One perk of being an employee is having peers to share the load and a support system, but as a new business owner, you hold the reins. The future is unclear, and ultimately you must lead the way to success for everyone involved. No pressure, right? If your business succeeds then generally everyone will say it was a joint effort. However, on the opposite side of that coin is of course when disaster strikes and all eyes turn to the leader, aka you. Understand that a failure on the front lines is the responsibility of the person on top either because of a flawed strategy, poor hiring or just ineffective management.
Trust us when we say we truly understand this heavy burden you bare. Unfortunately, like most start-up companies we experienced some early problems. Our founders were unable to finance their new business, so they sold everything to “bootstrap” our parent company. With everything on the line, there was no backing out or option for failure. The money was committed, and the employees were hired, there was no turning back and no getting it wrong.
3. KEEP GOING
Change is inevitable and will be your constant companion throughout your business life. As a small business owner, you must be able to anticipate changes at every turn and learn how to adapt. Plus, you have to do it fast. If you don’t stay ahead of the changing market and digital world, you will be left too far behind to ever catch up. We understand that notion which is why we are constantly adding and updating the design of our website as well as adding new feature and forms.
“THE BEST WAY TO PREDICT YOUR FUTURE IS TO CREATE IT.” – ABRAHAM LINCOLN
4. ACKNOWLEDGE FAILURES AND LEARN FROM THEM
It is always said doing an act repeatedly and expecting different results is the definition of insanity. This I would say is true. If you notice something is not working causing you and your business to lose money it’s time for a new path. No success was ever accomplished without some degree of failure. This is a fact of life, as an entrepreneur, you shouldn’t dwell on those times but grow and learn from the experience. Stay level-headed, calm, and collected before making your decision.
Comment below to share this list with others who will understand the challenges of being an entrepreneur and show genuine appreciation for all who give you support.