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The biggest challenge for entrepreneurs


I was touched when I saw January issue of entrepreneurial magazine. In the copy of the cover there was a teaser about the effect that the entrepreneur was investigated and the interior was answered. I was convinced that eventually, someone was paying attention to entrepreneurs who were striving for a successful business. It was time to hear from our little guy!

As I started reading the article, I can not tell how to be surprised. "Entrepreneur" and the idea of ​​the mine were different day and night. I constantly categorize entrepreneurs as someone like a mom, a cafe around the corner, a family operating farm market in the town, or an old wonderful 18-24 years "creators" clues to the idea of ​​"an entrepreneur" Let us give quotes from articles.

To illustrate the method used to investigate the "Entrepreneur magazine and Pricewaterhouse Coopers", the "Entrepreneur Challenges Survey" is based on the fact that more than 300 Ceo, a US-based privately held company, for sustainable and rapid growth They averaged $ 185 million in annual income on average of 31.5 employees and have a continuous annual growth rate of over 23% ... .... "

It definitely was not my picture of entrepreneurs. I do not know too many entrepreneurs to average $ 31.5 million annually or hire 185 people. To me, it is a very successful company on the way to being a company. We should all be such an entrepreneur!

Either way, I continue reading, I have to say that the information is worth reading, business doing business has not made $ 31.5 million a year yet There is what the survey found here .

What was considered the biggest challenge for 2006?
* 73% - Keeping key workers
* 38% - Development of new products / services
* 36% - expansion to the domestic market
* 35% - Improve productivity
* 28% - Improve technology
* 23% - to create a business alliance
* 21% - better management of cash flows
* 14% - expansion outside the United States
* 13% - Improve risk management
• 11% - finding new loans
• 11% - to buy another company or launch a spin-off
* 7% - Preparing a company for sale
* 2% - Go public

Now when I stop and think about it, it is almost what most businessmen think every year. Perhaps it will start expansion and spin-off to overseas markets, but to the extent that you keep perking your business along the way of improvement - all remaining part considered

The next part of the survey was interesting as entrepreneurs were given a list of multiple "wild card" factors that could impact business in 2006. When asked which is the most harmful for their business, they said:
* 47% - Unstable US economy
* 43% - Rising health care costs
• 41% - lack of qualified workers
• 40% - weak market demand
* 24% - rising oil / energy - cost
* 24% - Rising interest rate
* 22% - New government regulation
• 18% - weaker capital expenditure
* 14% - weakening of the global economy
• 12% - increased global competition
* 11% - Decrease in access to capital
• 10% - a sudden decline in the US real estate market
• 10% - Increase in tax
• 9% - inflation

So maybe not really much different in my entrepreneur and thought being investigated actually those. Prospects for most entrepreneurs are probably optimistic or unless more unexpected disasters occur.

But within the two quarters after the enormous devastation on 11th September we were at the same level of optimism as we had back before. People consider them at getting used to coping with harsh circumstances, but they are not swayed by them. When you really think about it; is it like most entrepreneurs?

If not, then by the way I think it is not an entrepreneur.

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