JASMIN ENTERPRISES

         What are the biggest challenges entrepreneurs face when starting their own business? How do successful entrepreneurs handle and solve problems in business? Must an entrepreneur face these business challenges when starting a business?Developing a vision is definitely a business challenge because an entrepreneur must sometimes assume the role of a sorcerer. Let me explain in detail. Most individuals are comfortable with the present way of doing things but it is the duty of an entrepreneur to envision and forecast the future.

        I am writing this piece to enable aspiring entrepreneurs prepare in advance for challenges involved with the entrepreneurial process. It’s never my intention to discourage or scare you from going into business; In fact, I intend to achieve the opposite. I want you to venture into the business world and start your own business with a feeling of confidence. If you are an entrepreneur, then I believe you will be familiar with the challenges associated with the entrepreneurial process of building a business from scratch. But if not, and you dream of becoming one someday; then I think you will find this article worthwhile.

Rashmi Ranjan Das

MD of Jasmin Enterprises

   It’s your duty as an entrepreneur to make sure your team sees the same future you see. They must believe in your possibilities and must also be passionate about making that possibility a reality. If they can’t grasp your vision, if they can’t see the future with you, then they are not worthy being your team.

Your strategic business team should comprise your banker, your accountant, and any other seasoned entrepreneur that has the capability to be of tremendous impact to your business. A question on your mind right now might be “how am I going to pay this team” My answer is: I don’t know. You will have to figure that one out yourself or better still, you can consider bringing them on board as partners. The added bonus of this last option is that they have everything to gain from your success!