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I don’t worry about many things in life, but starting a business has nearly destroyed my confidence at times.
If you’ve ever considered starting or are currently running your own business you know why.
Many small businesses fail. That’s facts.
There are many reasons for this.
Right product for the wrong market?
Fail.
Poor workflow and management practices?
Fail.
Inability to secure business financing?
Fail.
I could go on. The reasons are multitude.
Here is my personal list of the most daunting challenges and worries you will face as you start your business, and how you can destroy them for a higher chance at business success.
You’re not solving the right problem
Most businesses are born out of a passion to develop and sell a particular product or service.