We discussed the benefits of starting a business last time, but now we turn our heads to the frustrations of starting a small business. Yes, everything has its negatives and positives, and starting a business is no different. What you will find about the act is that the benefits outweigh the frustrations.
Many of the frustrations involve the type of person you are. You’ll notice that your personality type really affects the impact and severity of the frustrations you feel when you start a small business. Let’s review the top five frustrations:
Not having enough time. This one gets all small business owners at one time or another. You may be working a full time job and start your small business on the side, or you may be a full time small business owner. Either way you’ll feel the pinch of time eventually. In the next few days we’ll go over the things you can do to mitigate not having enough time, but let’s start with something simple. Start a to-do list . A to-do list is an amazing thing as it codifies what needs to be done.
Not having enough money. Getting to the end of the month and not having enough money can put pressure on anyone, but especially a small business owner. We’re going to show you how you can plan and pull off an amazing act to ensure you have the money you need for your small business.
Paperwork. Enough said about this, but we’re going to run through some of the more common paperwork issues and what you can do to limit the frustrating aspects of dealing with it.
Employee issues. When you hire someone to work in your small business you’re putting trust in them. As humans we have the instinctual ability to trust people more than we should, so we’re going to look at what you can do to learn when to cut ties with an employee.
Finding customers. Customers are what make your business run, but finding them, selling them and converting them is a tough job. Regardless of whether you are selling a product or service, you are ultimately selling yourself. This can be very frustrating if you don’t know what to do.
The best thing about the frustrations of running a small business is that they’re your frustrations. Dealing with them makes you more profitable and happier.