ASK DR BUSINESS – What barriers do entrepreneurs encounter?

In this week’s post, we ask Dr. Business to identify some of the barriers new entrepreneurs encounter.

Dr. Business says:

“The biggest challenge facing entrepreneurs is not squandering their scarce start-up resources. Since most entrepreneurs have not developed a business plan before they start their business, they cannot anticipate the typical cash consuming pitfalls that could have been avoided by having a plan. This is followed by the need to find investors to begin marketing their unique value proposition. The majority of any entrepreneur’s start-up cash is usually consumed in the process of getting ready to do business. For example, starting a bagel shop, pizzeria, or developing an App, requires time and money before you sell anything.

Once these basic challenges are dealt with there then comes a host of other operating challenges having to do with: finding employees, attracting initial customers, accounting for the business, legal issues, and the time and energy required to convert their entrepreneurial idea into a commercially successful and profitable business. Not to mention the “buy-in” required from family members, partners, and others. “
If you have a specific startup problem, share your problem with us and we’ll have Dr. Business share his advice.   Send us your info at info@blitzteamconsulting.com.
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