The biggest challenges of running a small business business businesstips

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Here's the 4 biggest challenges I face every week as a small business owner 👇 • ⏳ Patience • ➡️ Building a business takes a LONG time. Building a meaningful brand is not only time-consuming, but it's very difficult. Most businesses never live to see 10 years, and over half of businesses fail within the first 2 years. • • 💰 Cash Flow • ➡️ Cash flow is the downfall of most businesses. It's an never-ending challenge of stretching your cash flow to it's limits to ensure you not just survive, but thrive at the same time. • Growth periods are exciting times in business, but also the most worrying. I can comfortably say the past year has been both the most exciting, and most stressful! • 🥰 Customer care • ➡️ As a business, you always want to serve your customers to the highest standards. Whether that's in your products, or as a service-based business. • The problem is that most small businesses see aftersales care as a cost. It's very difficult to see beyond this mindset but you have to prioritise your customers. It's no good getting more customers if you can't look after the ones you already have! • 🏦 Finance and loans • ➡️ Banks HATE small businesses, and small businesses hate banks. • Getting finance has been one of the biggest and most frustrating challenges over the past 6 years, from equipment purchases to personal mortgages, there's nothing more frustrating than talking to someone on the phone - who's NEVER ran a business in their life - tell you they don't think your business is good enough. • ---------------------------------------------- • GROW YOUR BUSINESS! 🚀 • Let me help you grow your business! Hire me to help with your content strategies! • Email: [email protected] • • ---------------------------------------------- • FOLLOW CONNECT: • Connect on LinkedIn: / davidwinter • Follow on Instagram: / davidwinterbusiness • Follow on TikTok: / davidwinterbusiness • Follow on Facebook: https://www.facebook.com/profile.php?... • --------------------------------

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