I'm looking for my next business problem to solve. I would like to hear from business experts who can tell me what problems they face and solutions they've looked for but have been unable to find.
If you would like to share, I would be happy to book a Clarity call with you.
Frankly speaking, I have never run a business, but I was an HR in the companies whose biggest pain points were as follows:
1. Insufficient Capital: That said, it is important to constantly look for capital to fuel the business. As the business owner it is up to you to identify potential financing options. Whether it is a small business loan, line of credit, angel investment, or venture capital you always need to have a few available.
2. Cash Flow: Maintaining a consistent cash flow is difficult at all times of a small businesses’ lifetime. From debt to late payments there are plenty of causes for cash flow problems. One of the most common reasons for cash flow issues is delayed payments. This allows you to focus more on scaling your business and less on chasing down deadbeat clients.
3. Employee Turnover: People typically think businesses are successful because of their products and services. What makes a business tremendously successful is the people that run it. Employee turnover can be an awfully expensive pain point for small businesses.
4. Marketing on a Budget: There are plenty of ways to market your business while on a budget.
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath
