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?
These things effect you personally:
These things effect your businesses’ fiances:
- Start-up costs
- Invoicing clients
- Increasing revenues
These things effect the foundation of your business:
- Losing a business partner
- Expanding your business
- Time management
- Hiring employees
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
Back to Module 2 Outline