Most business owners will tell that it takes almost 5 years to settle your business and achieve your goals but what they fail to tell you is that there is a lot of stuff that happens in those 5 years that you need to prepare yourself for. Everything isn’t great and luxurious as it seems after the 5 years. There are so many ups and downs that you have to go through before you reach the ultimate goal of yours.
Everything is hard if you don’t put in the effort but some things are just naturally hard for people to accomplish or complete and when it comes to the business industry there are a lot of things that are hard from starting out with no capital to reaching that ultimate goal of yours, you will have to face a number of hardships that will make you feel like a failure as well sometimes but it is better to try harder instead of giving up.
In this article, we are going to look at some of the hardest things about starting a business that newbies have found hard. Knowing about them will help you prepare yourself in advance so that you don’t face much trouble when actually doing these tasks.
1. It gets lonely at times
In the movies, it seems like the CEOs are roaming around the world and partying all the time but that is all fake and unreal. In the real world, you will be lonely at times. Your friends and family might be off to a holiday but you won’t be able to leave work anytime. Plus no one will be able to help you or share your problems.
2. It is very hard to maintain the partnerships
Partnering up with friends may seem easy but that is not the case. When it comes to money and time, people tend to become obsessive and there are a number of things that arise those cause problems in the partnership. Your friend or family member who wanted to be your partner at the start may not want it anymore so keeping up the partnership is the hardest thing.
3. You will be poor at the start
Well, you are going to be investing everything that you have at the start of your business. From your money to your time and energy, your business will take everything of yours. Even if you seek business capital from outside you still won’t have anything at the start so you are going to be poor.
4. You will doubt yourself
There are going to be times when you will doubt yourself, your skills and abilities just because you didn’t achieve the short term goals that you planned to achieve in the first few months. Not getting results can be demotivating and you will doubt yourself for sure.
5. You will make mistakes
It is inevitable to avoid mistakes in the business industry. Even the millionaires and the world famous CEOs suffer a loss every now and then so you are going to make a lot of mistakes at the start but instead of getting down it is better to learn from them and improve yourself.
6. Will compare yourself with others
There are going to be times when you will start comparing yourself to others around you. But you need to remember that everyone is different and everyone has their own set of problems that they are facing that you might not know about so there is no benefit in comparing. You will be only hurting yourself over and over again.
7. You won’t be able to pay the bills
It is going to be tough in the beginning even throughout the years as well. There are going to be times when you won’t be able to pay your bills on time and debt will pile up on you and you will think about shutting down.
8. You will be cut off from the world
At the start, your business requires all of your time and attention so focusing on other activities is going to be hard thus you will be cut off from the world. Your family and your friends will become strangers at times as well so have a plan at the start if you don’t want to alienate yourself.
9. Sleepless depressed nights are waiting
No business succeeds without some sleepless nights. You will need to pull some sleepless nights and you might feel depressed as well when you won’t be able to complete orders on time.
10. Facing failure
One of the hardest things about starting a business is the risk of failing. People are scared to lose investment and fail. Thus many don’t even start a business just because of the fear.