5 Common Challenges Faced by Entrepreneurs and How To Overcome Them
Every entrepreneur wants sustainable growth for their brand. They want their brand to start and dominate the market.
Unfortunately, the first few years of being an entrepreneur often come with different challenges. According to the US Bureau of Labor Statistics, 20% of small businesses suffer business failure in the first year, 50% in their 5th year and the number increases to 80% by the 10th year.
While this percentage may seem scary. it's essential to know that all the challenges businesses face are flexible. If you want sustainable growth for your business, you have to start by identifying and going ahead to fix it.
Here's are 5 Entrepreneurial problems many business owners face and how to handle them.
1. Cash Flow Management
Shortage of cash flow is one of the significant challenges...