Problems of an entrepreneur

[Starmix]

As an entrepreneur, there will be problems to solve when the prices of commodities rise nonstop. You will be forced to increase the prices of your goods. If you don't do it, you won't get a profit from your business.

 

[pousinha]

Among various countries, especially European and Latin American, it's the cumbersome bureaucracy and tax system. Entrepreneurs lose tons of hours to run after new tax laws that the governments issue at every turn. The activity allowed today, it may become forbidden tomorrow cause a new law, for ex. Or the taxes increase. Or the tax report to be filled changes and there is the need to get your accountant's help more often (this means higher fees to your accountant) and so on. Obviously, such a matter won't happen in the case of the dear ancient 9 to 5 employment.

 

[Augusta]

They are different problems like products, pricing, lack of good manpower, poor delivery, funding and getting sales

 

[Starmix]

Among various countries, especially European and Latin American, it's the cumbersome bureaucracy and tax system. Entrepreneurs lose tons of hours to run after new tax laws that the governments issue at every turn. The activity allowed today, it may become forbidden tomorrow cause a new law, for ex. Or the taxes increase. Or the tax report to be filled changes and there is the need to get your accountant's help more often (this means higher fees to your accountant) and so on. Obviously, such a matter won't happen in the case of the dear ancient 9 to 5 employment.

That is hard to deal with even by the accountants. It seems they are under control. I thought a thing like that did not exist in your country.

 

[pousinha]

My country is one of the worst in the world in fact of bureaucracy (if not absolutely the worst at first place. And our accountants don't fare significantly better. They are obliged to adapt to new bureaucracies in a row, running after updating tools at every change.

 

[eLdavis]

Some business have several entrepreneur working together so there might be different opinions about the company and in taking decisions and even work schedule is divided between all of them instead of having just one.

Having different entrepreneurs working together usually serves as a two edged sword. In most cases it usually goes well, but but there are times it tends to backfire.

 

[Suba]

Some business have several entrepreneur working together so there might be different opinions about the company and in taking decisions and even work schedule is divided between all of them instead of having just one.

If a business has several entrepreneurs working together then at the beginning of the business establishment there should be a division/delegation of power and authority, so that their responsibilities do not overlap. and determine who becomes the board of directors.

 

[Augusta]

The most is always of location. When you have your business in a wrong location you might just start failing from there.

 

[Starmix]

Entrepreneurs always face risk like the high cost of commodities, gasoline tuition fees and house rents if they are only renting. They may face risk of losing an estimated profit because of price fluctuations.

 

[Augusta]

The problems are just enormous that's why it is good for one to be sure of the risks before stepping in

 

[Starmix]

The entrepreneur must always observe the trends of the market to avoid losses. He must check on what people like and usually buy to be sure of not wasting items.

 

[monster_masterpiece]

Having different entrepreneurs working together usually serves as a two edged sword. In most cases it usually goes well, but but there are times it tends to backfire.

If a business has several entrepreneurs working together then at the beginning of the business establishment there should be a division/delegation of power and authority, so that their responsibilities do not overlap. and determine who becomes the board of directors.

What you stated is the drawback of having more than one entrepreneur working together. It is negative side.

 

[Augusta]

If you are going to run the business with another person you would have the problem of chosing a partner that works better with you.

 

[Stardom22]

There are so many problems associated with the art of entrepreneurship. The most common ones in my opinion being the lack of insufficient funds for the building of a sustainable business growth.

 

[Starmix]

Risks surround and entrepreneur and that's the number one problem for them. It's not easy to lose a big amount. Lacking skills is also another factor.

 

[Augusta]

There are so many problems associated with the art of entrepreneurship. The most common ones in my opinion being the lack of insufficient funds for the building of a sustainable business growth.

Yes, this can be one of the outstanding problem for a lot of entrepreneurs. You can't even kickstart a business without money.