| Challenges are normal in businesses and anyone that | | | | surely planning to fail. Starting a business without having |
| wants to succeed in business must be ready to | | | | adequate plan on ground to match can be frustrating. |
| withstand the challenges that come along with it. | | | | Therefore having a critical plan means you know and |
| According to Mahatma Gandhi, spiritual leader and | | | | are ready to face the challenges ahead. With proper |
| father of the nation of India, "every worthwhile | | | | planning and implementation, you are likely to |
| accomplishment, big or small has its stages of | | | | overcome the initial challenges most entrepreneurs |
| drudgery and triumph; a beginning, a struggle and a | | | | face at the start up stage. This planning l am talking |
| victory". This is true in general life but much more in | | | | about includes how much time required to complete |
| starting new business. | | | | each business transactions, knowing areas to delegate |
| For me l think challenges in business can be likened to | | | | those to personally handle and the business intricacies. |
| teething problems encountered by babies when | | | | In most cases the toughest challenges in business is |
| growing up. Just as the babies get over the challenges | | | | improper funding and almost every entrepreneur faced |
| of teething, challenges in business are meant to be | | | | this challenge at the start up or in the course of their |
| surmounted. As a mother will not allow her child to die, | | | | business. When you are faced with the challenge of |
| we should not allow our business facing challenges to | | | | sourcing for capital to start or to improve your |
| die. But unfortunately most businesses die within the | | | | business, do not panic. Have your mindset that you |
| first and fifth year of existence. This l believe is due | | | | will overcome the challenge and continue with what |
| mainly to lack of persistence or inadequate knowledge | | | | you have, after all efforts to secure loans have failed. |
| of some basic and fundamental principles that make | | | | By committing more efforts into the business you will |
| businesses to be successful. | | | | eventually overcome the challenges, if you refused to |
| The first step you need to take before starting any | | | | cave in. |
| business is to have an idea of the type of business | | | | Finally l will advice that focus and continuous |
| you want to embark upon and map out your | | | | persistence should be your watch word if you really |
| strategies. You will agree with me that nothing works | | | | want to overcome challenges in your business. |
| outside planning and that anybody that fails to plan is | | | | |