The world of entrepreneurship is littered with potential pitfalls which can bring a business from its apex mountain to the depths of a ravine. The endless number of failed startups is evidence of these pitfalls taking effect despite efforts to avoid them entirely. From something simple such as direct business competition to more intricate items such as social media marketing, it can feel as if every turn holds something that can derail an entrepreneur from establishing their business. Thankfully, the road to the top of the mountain has been paved by decades worth of entrepreneurs whose actions are worth learning from.
Richard Branson, the founder of the Virgin Group, advised others to approach each of these challenges as an opportunity: “My biggest motivation? Just to keep challenging myself. I see life almost like one long University education that I never had — every day, I’m learning something new.”
Other entrepreneurs have just as much wisdom to offer. Therefore, we’ve gathered them to help you prepare for and overcome common challenges every entrepreneur faces.