h) Consider Challenges

What would challenge or threaten the success of your business?

Research and ask other business owners in your field how they manage challenges.

How could you prepare to avoid or overcome these four challenges?

personal challenges

Personal Challenges

These things effect you personally:

  • Health
  • Family
  • Schedule
  • Fear
  • Divorce
  • Stress
  • Diet

financial challenges

Financial Challenges

These things effect your businesses’ fiances:

  • Start-up costs
  • Taxes
  • Invoicing clients
  • Increasing revenues


structure challengesStructural Challenges

These things effect the foundation of your business:

  • Losing a business partner
  • Expanding your business
  • Time management
  • Hiring employees


nature challenges

Challenges of Nature

These are things you don’t have control over:

  • Natural disaster
  • Seasonal ups and downs
  • Internet goes down
  • Mobile phone service is down





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