What Are The Challenges Of Running A Business?
Starting a business is easy. But running a successful business is an entirely different story. For instance, in the United States alone about 9% of businesses both new and old close every year. The failure rate of new businesses is relatively high, with about 50% failing within the first five years.
However, this also means that 50% of new businesses survive past the five-year mark.
The challenges of running a business cause many to fail. Here are the common ones:
Take the time to pick and choose what you believe is important for your audience to know.
If you become a thought leader it can make a huge difference to your bottom line. The first thing you need to do is get really clear about your brand and the value you offer your audience. Know how you want your brand to be perceived by your audience and do everything to portray that.
Know your topic, know your audience, and know what you stand for because when you become a thought leader people will want to know what works for you and how it can work for them. That’s why it’s so important to know who you are and what you stand for within your industry. Here are some steps to becoming a thought leader.