Entrepreneur Challenges

Before I dive fully into unfolding the testimonies and confessions of some entrepreneur, let me first of all high light the challenges:

1. Ideas. If you think deep and meditate to figure out what kind of business to venture, you’ll notice that several ideas keeps popping in your mind and heart. But not all ideas are salable. Of course, not all business idea can solve problem without alternative, so whatever you have in your mind, solving problem is the key.

2. Environment. Some writer put capital as the second challenge, I don’t agree in totality. If invest in an un-favorable environment, then you are likely to lose your money within shortest possible time. So, your investment is as good as the environment you want to do business, security wise.

3. Capital. Raising capital from your little savings, family, friends, investors, like bank and other investors for that matter is very important.

4. Man made . When I talk of this, am referring to the un-avoidable and un-resolved conflict among husband and wife, especially if they form partnership.

5. Natural disaster. Hurricane, Flood, Earthquake, tsunami, war etc can pose serious challenge as an entrepreneur.

6. Ill health. And Death. Some people don’t want to hear sickness, but people get sick. People do not want to hear about death, but people die, because these are natural un-avoidable occurrences. Now, read the testimonies of these entrepreneurs are speak:

How Judy Craymer made her choice of business ideas:

As a child, Judy Craymer, born 16th April 1958 thought she would have a career in horses some how, owing to the fact that she was brought up in a middle class home in North London, and she was a brought horse owner with which she spent several years going to horse shows every weekend and also riding horses for other owners, according to record.

While growing up early in life, Judy got her first taste of the theatre. May be because her parents, a nurse and a solicitor, were serious and keen theatre goers, so they would take her and her younger brother to see shows in the West End. According to her confessed appreciation,: ‘I am forever grateful to them for that . It was a huge treat. The first musical I saw was Oliver. And it was a big experience going to the Haymarket and seeing The Merchant of Venice with Sir Ralph Richardson. We would also take picnics to the open air opera in Holland Park.’ Read more

To some business conscious person, Jeff Bezos’ wealth is not a surprise, because record has it that his grandfather was one of the largest land owners in Texas. That alone form part of the business foundation empire laid down so to say. And when Jeff wanted to start Amazon, his parents invested heavily into the start up, what ordinarily could have been quiet difficult for an average entrepreneur to get as start up capital. Read more

For Lara Morgan, the founder of Pacific Direct, her business success was partly due to respect and sense of belonging she gave her staff, because early enough, she made sincere promise to her staff that if the firm’s profit ever reached ONE MILLION POUND, she would take them all on holiday to Barbados to enjoy themselves. So the staffs put in their best to meet up even more than the profit expectation in 2005. To deliver on her promise, Lara and her dedicated 26 staff flew to the Caribbean for an all-expenses paid week-long holiday to make them happy indeed. Read more