What are common challenges when starting a business and how can you overcome them?

One of the foremost challenges when embarking on a business venture is establishing clear goals and objectives. It's vital to distinguish between starting a company and pursuing self-employment. This differentiation forms the foundation for your business model. By defining precise, measurable objectives, you create a roadmap that steers your decision-making process. This clarity is instrumental in surmounting the uncertainties and ambiguities typically associated with the early stages of entrepreneurship. Furthermore, seeking guidance from mentors, conducting thorough market research, and maintaining flexibility in response to changing circumstances are pivotal strategies for effectively addressing and overcoming these challenges.

Vejo muito o discurso com foco no objetivo, mas um assunto ainda invisível quando falamos de empreendedorismo é a saúde mental. O empreendedorismo é uma jornada desafiadora e gratificante, mas também pode ser estressante e desgastante para a saúde mental. Alguns dos desafios mais comuns enfrentados pelos empreendedores incluem longas jornadas de trabalho, press?o financeira e isolamento. Para cuidar da saúde mental no empreendedorismo, é importante estabelecer limites, cuidar do corpo e buscar ajuda profissional se necessário.

Superar os desafios de abrir um negócio próprio requer um planejamento estratégico robusto, uma gest?o financeira prudente e uma forte presen?a online. No LinkedIn, a chave é utilizar o networking para construir rela??es valiosas e aproveitar as oportunidades de aprendizado contínuo e colabora??o. Além disso, a adaptabilidade e a resiliência emocional s?o fundamentais para navegar pelas incertezas do mercado e manter um crescimento sustentável.

Having clarity plays a HUGE role in laying the foundations of a business. By being clear on your vision, you will have less hesitance and doubt when advocating for Self and your business. Your messaging will be easier to digest and your audience will resonate with your services and content with more enthusiasm and zest, simply because they can trust your guidance and expertise.

Reach into your past and find moments that had the most significant impact on who you are now. Defining moments. What happened then? What emotions were accompanying you? What are the common themes of these stories? Also, think about what makes you want to get out of bed in the morning, what is your driver. And consider what triggers you, what annoys you, what you would like to change in the world. Look for your purpose around all these things. Once you find it, think – how can you fulfill your purpose through your business activity. When you discover this, you will have an endless source of motivation and a foundation for building a strong brand ????

Franchise businesses can provide all the back office, marketing, technology and lead generation support which can free up a lot of time for the owner to focus on business development, managing and leading their business. It also produces a better work/life balance.

Being realistic about your time and availability can often seem like tough terrain to navigate when establishing a business. You go into it believing that you have to work all the hours God sends for you to be successful. However, success is a subjective sphere. You define it as much as you define what your business is about. Now that you have started a business you need to create a work culture that is in alignment with your personal needs as much as your professional needs. Remember you have the power to determine a schedule that provides you with a healthy and maintainable work/life balance. Work smarter, not harder!

Indeed, new business owners must master time management through meticulous task prioritization, boundary setting, skillful delegation, strategic automation, and thoughtful outsourcing, fostering a harmonious and highly productive routine.

Organiza??o e gest?o do tempo s?o fundamentais para a eficiência do dia a dia do empreendedor. Saber onde aplicar seu tempo e energia traz resultados mais robustos e traz motiva??o para seguir no caminho proposto. Pois nossos recursos s?o limitados e preciosos.

A la création d'une entreprise, il y a beaucoup de choses à gérer et bien souvent les entrepreneurs oublient de dire non. Chaque moment doit être 100% dédié à une seule vision: "Est-ce que ce que je fais va apporter qq chose à mon business?" Si oui, Je mets en place des créneaux spécifiques de travail, du time boxing. Pendant ce temps, je suis injoignable car concentré. Dire non pour être plus efficient... Cette réunion que l'on me propose, ce RDV, si je n'y vais pas, ?a change quoi?? rien, je n'y vais pas ... pas toujours facile de dire non et pourtant c'est comme ?a que je gagne le plus de temps, nous avons tous 24 h par jour autant bien les utiliser!

I think mindset is the most important thing in starting a business. Fear of failure is real, particularly the after effects of failure. However, most of the time (in my experience), the consequences of the failure is less severe than what you imagined. Even seasoned entrepreneurs experienced fear of failure. We all fear what we don't understand. A quick and good way to solve fear problem would be facing it head-on (please practice common sense). You be learning real quick, and once you understand it, it'll be less scary.

In terms of mindset it is important to differentiate between PROBABLE (what is likely to occur, what does experience tell us, etc.) and POSSIBLE (what COULD be, what MIGHT occur). Probable often gets in the way of possible (as counterintuitive as most sages and gurus would maintain - that you have to be fact-based, data-driven, etc. - that stops entrepreneurs in their tracks when they MAY have been able to succeed).

No mundo VUCA, onde devemos aprender a aprender e a desaprender, é fundamental também a busca pela inteligência emocional nos negócios. Conhecer seus limites e n?o ter vergonha de pedir contribui??es, orienta??es com profissionais mais experientes e mentores.

Também é importante manter a mentalidade positiva e confian?a. Afastar-se de pessoas e situa??es que "roubam a energia". Trazer amigos e colegas que compartilhar ideias positivas e promissoras contribuem para seguir em frente. A autoconfian?a também é uma ferramenta poderosa.

Avoir le bon état d'esprit et être confiant en soi, c'est très simple quand j'ai la bonne vision! Lorsque ma vision est plus grande que moi, que je ne fais pas les choses pour l'argent mais parce que j'y crois, je suis toujours heureux de faire avancer mon projet. Se remettre en question c'est normal, et je veux changer le monde, donc j'avance pour aider les autres. Je ne travaille pas que pour moi. Dans ce cas, tout va avancer tout seul et mes partenaires iront dans la même direction...

Assume Business is another name of "relationship" but in a professional manner. With digitization, this relationship has moved from personal to "digital" which needs follow up, feedback and effective communication. Your customers are first to have your regular touch with a frequency to build "repeat" business. Networking and participation in similar or same business events can help you know challenges and changes in trends.

It is easy to lose sense of reality when you work on something 24/7. Listen to your customers. They will point out any weakness of your product/service and will help you to make things better. The hard part is to decide which request to give priority or which request to decline politely.

As nascent entrepreneurs, it is imperative to nurture robust networks and relationships spanning customers, partners, suppliers, investors, mentors, and peers. This necessitates the refinement of communication and interpersonal aptitudes, the expansion of networks, astute leveraging of contacts, and the cultivation of symbiotic relationships.

Encore et toujours la vision, je veux changer le monde, et il faut que j'en informe le monde entier. Nous devons travailler ensemble pour que cette vision puisse devenir réalité. Je vais donc partager ma vision a un maximum de personnes et tous ceux qui seront en phase vont tout mettre en oeuvre pour développer cette vision. Lorsque j'ai une vision claire, que je la partage, mon réseau va se developper facilement car tous mes interlocuteurs m'identifient comme porteur de cette vision et me mettent en connexion. Avoir une bonne vision donne un meilleur réseau.

I have been repeating this for so many years now - Network is Net-worth. Building partnerships and relationships can bring out great opportunities, provide you solutions that you haven't thought about, and explore horizons to build your business better.

It is easy to build something and think we are done. The harsh reality is that your product is never ready. Get ready to improve it until you give up your business owner/CEO seat.

Desistir n?o é uma op??o. Pois fará com que fiquemos mais distantes dos nossos objetivos. Se n?o estiver feliz, pare, respire e volte às origens. Por que resolveu abrir o negócio? O que o motivou? Quais os valores envolvidos? E sobre seu propósito de vida? S?o perguntas fundamentais para seguir em frente com mais for?a e foco.

Como já dizia o Chico Buarque: "Em nossas vidas, a mudan?a é inevitável. A perda é inevitável. A felicidade reside na nossa adaptabilidade em sobreviver a tudo de ruim" E Karl Max: "Quando você n?o está feliz, é preciso mudar, resistir à tenta??o do retorno. O fraco n?o vai a lugar algum"

L'adaptabilité et l'innovation sont encore une fois liées à la vision. La vision est au delà de l'objectif, mes objectifs sont adaptables, ce ne sont que des étapes dans ma recherche ultime. Pour atteindre ma vision, il faut que je sois réactif, que je sache changer mes objectifs, changer mes produits/services car je sers une cause en laquelle je crois plus que tout ! Ma vision est mon essence, et l'essence est mon origine mais aussi mon carburant... à moi de m'adapter et d'innover car c'est ainsi que je ferai valoir ma vision.

It is not the strongest of the species that survive, nor the most intelligent, but the ones adaptable to change. In this VUCA world, adaptability is the key. Keeping your products/services a notch above competition requires you to be innovative. These are the mantras for building a successful business. Have an open mindset, which will help you to be innovative - it can be innovation in customer service, innovation in design, innovation in packaging, innovation in business model, innovation in process, innovation in technology, or any other aspect that adds value to customers' businesses. Staying on top of the trends and happenings, can help you to build your adaptability quotient and also resilience.

Wellness and self-care cannot be overlooked. Too often the thing holding a small business or startup back is the mindset of the owners. Constantly overworking yourself, not having a solid work/life balance, and ownership taking on too many tasks (that “only they can do right”), don't lead to productivity. The measure of impact that an owner or founder has on their business isn't the hours they work, but the productivity and big-picture mindset they have for the organization.

Startup may get daunting, shuffling with various tasks and with timeline you have in mind. You might get ovewhelmed with the competing priorities especially when it comes to selfcare. Having someone whom you can talk to flush out your frustrations would help you process your thoughts. Journalling would be another way to fluah out your thoughts. Always remember your venture is progresssing because of you. If you are not thinking right its a possibility that your venture would not go in right direction.

O bem-estar, a qualidade de vida, o cuidado com a saúde e o autocuidado s?o fundamentais para fortalecer-se frente aos desafios. Ajuda a evitar estresse, burnout, fadiga, ansiedade e depress?o. Importante se ver como um ser integral que precisa cuidar da saúde física, mental, emocional e espiritual. Buscar equilíbrio. E n?o deixar o que é importante de lado.

Comenzar un negocio es cumplir un sue?o. Luego crecer y administrar ese crecimiento puede tornarse en pesadilla. Entender desde el inicio que emprender es doblar el trabajo como empleado, por una doble retribución de largo plazo, ayuda a controlar la frustración y a modelar la motivación en la dirección correcta. Menos es más, para tener salud mental emprendiendo. Menos cuestionamiento y más perseverancia y confianza en el camino trazado. Más flexibilidad y humildad, para conectarse con las propias limitaciones y las del entorno. Y más inteligencia para visualizar que el autocuidado es la mejor estrategia, considerando que el emprendedor es el principal capital del emprendimiento!

Uma coisa que achei útil foi entender que nossa vida deve ter equilíbrio entre trabalho e visa pessoal, se algum deles está superior podemos ter problemas graves. N?o negligenciemos ambos devem ir juntos. Vai para o médico de maneira proativa n?o quando algo este indo mal. Pode ser demasiado tarde. Dá tempo de qualidade para teus filhos e esposa, cria lembran?as sólidas, de muito amor.

Recognize very early that you do not know what you do not know. Always be probing for something that you are missing. Ask for help, seek input, listen a lot more than talking. Watch what others do; mimic what works, avoid what does not work.

I think the first thing you need to do when starting a business Is know exactly what it is that you want to do, and have a clear vision of the direction you're going to go in. You have to know why you're starting a business. There needs to be a meaning behind it to make it succeed. I also think releasing expectations is also something we need to work on. It's not going to happen exactly the way we imagine that it would. You won't make $1M your 1st month in business. Lastly, a lot of new business owners don't ask for help or don't know where to go for help. Having mentors and people supporting your journey and helping you out can go a long way to making you a big success.

A lot of people have great ideas to start their business. Every person who has watched shark tank or dragons den would have thought once of some idea that he/she could build but never started. The first question that comes to their mind is where to start, this question keeps bothering them. Eventually they leave the idea and continue working on their daily routine. My two cents is to just start working on building the idea, if you are passionate about it, if it solves real problem for customers just keep working whichever bit you are comfortable with. If you are good at programming juat start putting the app or website. If you are a marketeer start reviewing the market. If you are a ui/ux designer start putting the wireframe and ui

Inner Child Healing is a key to entrepreneurial success. The biggest limiting beliefs that I see in entrepreneurs who have the desire to break through to new heights but are feeling blocked is a lack of self-trust & a fear of failure. These beliefs often show up in their work & lives as procrastination, perfectionism, overwhelm, uncertainty, & self-doubt. Each of us has our own story of being a kid & feeling misunderstood, ignored, shut down, discouraged, or getting in trouble for doing something perceived by others as wrong. Tapping into the emotions of hurt & offering our inner child the support and acknowledgement they didn’t have when they needed it can help to heal those wounds by offering them the safety & love that they needed.

Apart from other things discussed, financial constraints have to be addressed and a creative financing options, such as crowdfunding, grants, or partnership options must be explored for a realistic budget and financial planning. Seeking advice early to ensure legal and regulatory compliance. Understand the importance of ethical business practices and integrity. I emphasize the importance of continuous /ongoing learning and professional development. Staying updated on industry trends, attending relevant workshops, and investing in personal and professional growth foster a mindset of adaptability and embracing change positively.