5 Biggest Issues Faced by First Time Entrepreneurs When Starting a Business

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In his conversations with entrepreneurs, Alex has discovered that there are five very common areas where most people encounter the biggest challenges, and there are solutions for each.

Mike Allton‘s insight:

What are your biggest issues in business?

Being an entrepreneur and starting your own business is a goal that many share, yet it’s ripe with issues and challenges. You’re going to make mistakes.

"Do not be embarrassed by your failures, learn from them and start again." – Sir Richard Branson

Fortunately, you don’t have to go it alone. Many entrepreneurs have come before you and you can learn from their mistakes. The guest blog below from+Alex Genadinik details five of the largest and most common issues entrepreneurs face, and what you can do about them, including:

 – Business Idea
 – Financing
 – Marketing
 – Business Structure
 – Legal Issues

If you can get through these issues, the rewards for being a successful entrepreneur are great, and it’s not just about the money.

"For a successful entrepreneur it can mean extreme wealth. But with extreme wealth comes extreme responsibility. And the responsibility for me is to invest in creating new businesses, create jobs, employ people, and to put money aside to tackle issues where we can make a difference." – Sir Richard Branson

Are you an entrepreneur? What are some of the issues you’ve faced, and what successes have you achieved?

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