The biggest challenge for entrepreneurs
I was moved when I saw the January issue of the entrepreneurial magazine. The copy of the cover had a teaser about the effect that the entrepreneur was investigated and the inside was answered. I was finally convinced that someone was paying attention to the entrepreneurs who were working for a successful business. It was time to hear from our little guy!
As I began to read the article, I can not tell how I was surprised. The idea of "entrepreneurs" and mines was different day and night. I always categorize the entrepreneur as "something like mom and café around the corner, run family market run of the town's family," or 18-24 years old wonderful clue to the idea of "entertainer" Allow me to give you a quote from the article.
To illustrate the methodology used to study "Entrepreneur magazine and PricewaterhouseCoopers", "Entrepreneur Challenges Survey" is a US-based privately held company with more than 300 CEOs for sustained and rapid growth. Recognized They average $ 185 million in annual income with an average of 31.5 employees and have a sustained annual growth rate of more than 23% ...... "
It was definitely not my picture of an entrepreneur. I don't know too many entrepreneurs who average $ 31.5 million each year, or don't hire 185 people. To me, it is a fairly successful company on the way to being a company. We all should be such an entrepreneur!
In any case, I keep reading and I have to say that the information is worth reading, and the business doing business has not yet made $ 31.5 million a year Here is what the survey found .
What was considered the biggest challenge for 2006?
* 73%-retention of key workers
* 38%-Development of new products / services
* 36%-Expansion to the domestic market
* 35%-Productivity improvement
* 28%-improve the technology
* 23%-create a business alliance
* 21%-Better management of cash flow
* 14%-Expansion outside the United States
* 13%-Improved risk management
• 11%-finding a new loan
• 11%-buying another company or launching a spinoff
* 7%-to prepare the company for sale
* 2%-go public
Now when you stop and think about it, that is what most entrepreneurs think every year. Maybe not launch expansion or spin-off to overseas markets, but perking along the way of improvement to the extent you keep your business-all the rest considered
The next part of the survey was interesting as entrepreneurs were given a list of several "wild card" factors that could influence the business in 2006. When asked what was most harmful to their business, they said:
* 47%-unstable US economy
* 43%-rising healthcare 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 world economy
• 12%-increased global competition
* 11%-Decreased access to capital
• 10%-sudden drop in US real estate market
• 10%-tax increase
• 9%-Inflation
So maybe they are not really different from my entrepreneurs and being surveyed actually. The prospects of most entrepreneurs will probably be optimistic unless there are more unexpected disasters.
Even after the huge devastation of September 11, within two quarters, we were back to the same level of optimism as we had before. People get used to dealing with tough situations and consider them in, but are not shaken by them. When you really think about it; is it like most entrepreneurs?
If not, then I'm not an entrepreneur by the way I think.
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