one of the challenges of running a home-based business is This is a topic that many people are looking for. ellone-loire.net is a channel providing useful information about learning, life, digital marketing and online courses …. it will help you have an overview and solid multi-faceted knowledge . Today, ellone-loire.net would like to introduce to you 15 CHALLENGES Every Entrepreneur Will Face . Following along are instructions in the video below:
“Is the sunday motivational video every sunday we bring you a different type of video video which should improve your life today. We re looking at 15 challenges every entrepreneur face welcome to a lux calm. The place where future billionaires come to get inspired hello a lack sirs. It s great to have you back with us especially for today s video.
We know most of you are aspiring entrepreneurs. So what better way to provide value than by giving you a window into the future. Almost every entrepreneur. Out there at some point will have to confront some of these challenges those who do manage to maintain focus and push through will reap the largest rewards and even if you re not an entrepreneur.
You ll still find this video relatable because you ll be able to identify the same struggles in your own journey. Only in different forms. If you are new here. Welcome be sure to subscribe and follow us on instagram at alex.
So here are the 15 challenges every entrepreneur will face when building their company and future number one self doubt we wanted to start with this one for a special reason. Most businesses fail because people don t start them they failed by not taking the first step and this is because of self doubt you don t think you can achieve more. But if history has taught us anything. It s that people are able to overcome their condition.
And grow you don t have to see the end of the road to get in your car and start driving as long as you know where you re headed you can go through life. One quarter mile at a time number two a lack of resources. It s easy to look at established players and see how much equipment resources and staff. They have at their disposal.
Rest. Assured they didn t start with everything like it is do not compare your level. One to someone else s level 60 in the beginning you may lack resources. But you have time a lot of it as well as the enthusiasm to test learn and experiment your lack of resources forces you to be creative.
That s your competitive advantage you re not as rigid as everyone else number three sacrificing security. Once you get started on this road. You ll notice pretty quickly that it s not all rainbows and sunshine. Almost everything you make will go back into the business.
You re working more hours than ever before in the future is still kind of blurry your self doubt starts kicking in and you don t know if you re going to make it safety..
Nets slowly fade. Away and the security of next month. Is long gone you re in this for real now. Number four a lack of real support from those around you everybody around will encourage you to pursue your dreams.
Because that s the nice thing to say to someone who s just starting a business. But they re all monitoring your evolution and waiting for you to crash your family is blinded by their love for you and their support is irrational your friends care about your feelings. But they have their own journeys to figure out you re in this by yourself. When hits the fan you re the one who s going to have to clean it up and figure out how to move forward everyone wants to be there when you celebrate but all they re gonna show is sympathy for your hardships and failures no real support if you want to support a friend who started a business.
Don t ask for a discount or a free service instead pay the full price and solve one of their problems. Number five technical. Know how let s say you re looking to start an online store. But have no idea where to start you learn through trial and error.
But fortunately for you the internet is filled with tutorials and walkthroughs helping you to navigate this terrain with ease. We hear all a giant community of people holding each other s hands to try new things technical. Know how may be intimidating at first but with time and practice you ll learn how to use the tools at your disposal on top of that it s never been easier or cheaper. For that matter to start from scratch and build something the tools available right now are exponentially easier to use than ever before people start multi million dollar businesses from their bedrooms and they do this by leveraging the tools billion dollar companies put at your disposal if you re looking to start an online store you can go to a luxe comm slash cell and sign up for two weeks.
You ll have access to the same tools. The likes of kylie jenner. Jeffrey star movement watches and more used to build their own companies. If you re looking for technical.
Know how you need to start experimenting with these types of easy to use tools number six your ability to multitask new entrepreneurs. Don t expect this you re under the impression that you ll be in your office. Overseeing everything that might become a reality later on down the road. But in the early days.
You ll be doing everything you re the sales agent. You re the manufacturer you re the distributor. You re the support the manager and the one in charge of keeping it all together. At this point.
Most people just give up this happens because they lack the ability to segment create processes and delegate work it might sound complicated..
But every business needs to do this if they hope to make it being a one man or one woman show just isn t sustainable in the long run number seven industry changes your entire livelihood could be threatened by a change in the algorithm or by new laws and regulations this happens all the time in fast moving industries. A certain industry could be legalized or decriminalized. Only to be reversed in a few years once the people in charge of these decisions change. We want to name it.
But apparently youtube will de monetize this video. If we say the w. Word. Youtube.
Is a great example who knows maybe one year from now they ll decide they no longer wish to monetize channels. Like ours. That s why we began developing our own digital products and look for alternative revenue streams you have to prepare for the worst. But be ready to play the cards you ll be dealt number eight taxes lawyers and more formalities.
This is probably the most intimidating part of the journey. These people almost speak a different language from everyone else rest assured that every entrepreneur goes through this we are all confused in the beginning. But as with everything we start to get a better understanding of the process as time goes by whenever faced with this type of bureaucratic issue look to the majority the same way you do with a driver s license. Almost everyone has one you ll be fine in getting yours number nine find hire and fire employees employees can make or break a business.
Everyone thinks it s easy to find and keep good employees. Everyone assumes that people will want to work as hard as they do for the business. Only to be disappointed you know what they say never assume you ll make an ass of you. And me finding the right people will be more difficult than you ever expect these folks won t be able to read your mind.
So you have to train them they won t have the same drive as you do and this will show in their performance in time. You ll be forced to let some of them go if you want to save your business. All of these will be major challenges you re going to have to overcome number 10 complete ownership of everything that happens. One of the greatest challenges is the mindset of taking ownership over what happens in your business.
Because frankly you are the business. You are responsible for everything if anything goes wrong. It s because of a failure in your judgment or your failure in proper you train your employees you set the values the targets. The process the brand you need to behave in accordance to everything the idea of taking complete ownership of everything that happens in your life is not new.
But most people stay away from it and live with a victim s mindset..
Nothing is their fault everything happens to them and they re just unlucky those people actually fail in life because their success and happiness is entrusted to an external mystical force called destiny god or the universe. But what would happen if you flip that around if you start acting like everything happens because you make it happen you ll start seeing growth and a lot of it we became familiar with this after we finished an incredible book called extreme ownership by jack o. Willing a navy seal. Who s been instrumental in developing high performance teams in both the military and fortune 500 companies.
It s an exhilarating book. But it s fairly expensive at 28. So here s what we re going to do if you go to a lakhs comm slash free book and sign up you can get the audiobook version for free thanks to our friends at audible this book will be the beginning of a long journey of ridding yourself of the victim mentality. Number.
11 loneliness. Another challenge. Most people don t realize they re going to have to deal with is loneliness unless you find people who are dealing with the same type of struggles as you are most people won t be able to relate to your journey. They won t understand the level of stress you have to go through the sleepless nights.
Or the sheer amount of time that goes into building the life you want even if you go through all of this and in the event in which you do make it it s still lonely at the top number 12 finding customers. Almost everyone thinks that customers just happen if you build it they will come yeah right this might be true if you re building the only coffee shop in your city or have an unfair advantage in your demographic. But for everyone else you ll have to draw them in learn to market tell stories showcase your products and the benefits they offer your clients you ll need to learn the skill of selling of differentiation and how to find new customers. Number thirteen problem.
Solving and risk management. Most people think of entrepreneurs as risk takers as people who risk. It all with a dream of finding success in reality. We re doing the exact opposite your job as an entrepreneur is to minimize risk what others may see as risky for you should be a game plan with a decent probability of success.
Which is directly influenced by your aptitude and skills you minimize risk by solving problems. Other people don t know how to solve or find too difficult. Number fourteen competition. Everyone wants your attention and your money you re no longer competing for customers with the business on the other side of the road.
Now you re competing with everyone the internet has made it possible for people to sell their products all around the world. So now customers have options lots of options you re going to have to stand out from the crowd and go head to head with everyone else who wants the same thing as you do number fifteen failure be ready to fail because you will this is the final challenge you ll have to face as an entrepreneur. You will try you will plan you re going to give it your all and you re still going to fail. It s likely that you aren t enough you don t know enough or you don t have enough you are not ready to join this race.
The challenge is to learn adapt and to try again that s how the world separates the real from the pretenders now a luxor s..
We do plan to keep the video recap based on popular demand. But only in the longer videos this way we can keep everyone happy. But before we wrap this up. We re curious what challenge did you have to overcome in your first business that you didn t expect to share your insights in the comments.
So new entrepreneurs can learn from your experiences and of course for sticking around with us until the end you get a bonus number 16 dealing with success everyone is running towards success. But not everyone is ready for what s on the other side for some people success can ruin their lives things change. When you get rich people want what you have so you become a target. They re going to sue.
You friends have secret agendas and potential dates. Will factor your net worth into the equation. There is an entire video on our channel with what to expect from everyone else once you make it which you can check out by clicking in the top right corner. With that said.
You should still strive for it once you experience. The freedom that comes from owning a business. The taste of the sweet rewards your entire view on life shifts. And you don t ever want to go back making it happen is a challenge and just some of you are going to overcome it if you re a true a lexer and have watched up to this point please let us know if you accept the challenge in the comments.
Let s just see if we can get 1000 of these comments on this video. Thank you for spending. Some time with us. A luxor s make sure to like and subscribe.
So you never miss another video. We also hand picked these videos. Which we recommend you watch next. Thank you for being an a lexer and we ll see you ” .
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“15 CHALLENGES Every Entrepreneur Will Face Sunday Motivational VideonSUBSCRIBE to ALUX: https://www.youtube.com/channel/UCNjPtOCvMrKY5eLwr_-7eUg?sub_confirmation=1n15 Businesses You Can Start For Cheap: https://www.youtube.com/watch?v=bg9s26SJH-su0026index=31u0026list=PLP35LyTOQVItYEFKYW1WdjcHFuXt0s5h-nnGet any one of these books for free as an audiobook when you sign up at: https://www.alux.com/freebooknnStart your Online Store: https://www.alux.com/sellnnDisclaimer: Signing up for Audible and Shopify will result in financial compensation for Alux Inc which in turn helps the channel.nnIn this Alux.com video we ll try to answer the following questions:nWhat challenges will you face as an entrepreneur?nWhat problems do you need to fix to be successful?nHow hard is to be an entrepreneur?nWhat does it mean to be an entrepreneur?nHow hard is to start your own business?nWhat to expect in the first year of business?nHow to create a company?nHow to create a company from home?nHow to start a business?nHow to sell things online?nWhat is a good start a business tutorial?nHow do people build businesses?nWhat are some easy to start businesses?nHow do you build a business online?nWhat are the first steps of building a business?nnn#alux #sundaymotivation #challengesnnWATCH MORE VIDEOS ON ALUX.COM!nMost Expensive Things: nhttps://www.youtube.com/watch?v=Ay0u3dJRZasu0026list=PLP35LyTOQVIu4tNnitmhUqIjySwUhfOylnnLuxury Cars: nhttps://www.youtube.com/watch?v=m5GhenZZs1ku0026index=1u0026list=PLP35LyTOQVItrVHGzdB9KY-Sbjq4gU-YmnnBecoming a Billionaire: nhttps://www.youtube.com/watch?v=Skwfwf2SNpwu0026index=6u0026list=PLP35LyTOQVIsO8kOTx8-YOgwkGvrPtJ3MnnWorld s Richest: nhttps://www.youtube.com/watch?v=rAy_G-1JF74u0026index=1u0026list=PLP35LyTOQVIvthSKr0S3JdjWw3qA9foBannInspiring People: nhttps://www.youtube.com/watch?v=lMjO3Gg45pMu0026list=PLP35LyTOQVItaKCX5o3yaje6_H9D-GuEMnnTravel the World:nhttps://www.youtube.com/watch?v=-Blsz2JbdgMu0026t=2su0026index=23u0026list=PLP35LyTOQVIt823Sy_C3-166RLzONbw6WnnDark Luxury: nhttps://www.youtube.com/watch?v=ch7JWVk8Ldku0026index=6u0026list=PLP35LyTOQVIvQU6lzpW5_lryMmdB6zncUnnCelebrity Videos: nhttps://www.youtube.com/watch?v=UuhPRVdDli0u0026list=PLP35LyTOQVIuJuINlyvSU2VvP6pk9zjUknnBusinesses u0026 Brands: nhttps://www.youtube.com/watch?v=Xr2YdBz2uWku0026list=PLP35LyTOQVIv0fNwEgqmkrDd9d9Nkl7dznn-nFollow us on INSTAGRAM for amazing visual inspiration:nhttps://www.instagram.com/alux/nu0026nDon t miss the latest Luxury News only on Facebook:nhttps://www.facebook.com/ealuxen—nAlux.com is the largest community of luxury u0026 fine living enthusiasts in the world. We are the #1 online resource for ranking the most expensive things in the world and frequently referenced in publications such as Forbes, USAToday, Wikipedia and many more, as the GO-TO destination for luxury content!nnOur website: https://www.alux.com is the largest social network for people who are passionate about LUXURY! Join today!nnSUBSCRIBE so you never miss another video: https://goo.gl/KPRQT8n–nTo see how rich is your favorite celebrity go to: https://www.alux.com/networth/n–nFor businesses inquiries we re available at:nhttps://www.alux.com/contact/”,
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