Transcription
what kind of challenges does one face when at the top of his or her business OK so Im going to be talking about small businesses and this is pretty pretty much applicable for the large ones as well but very specifically for the smaller businesses the biggest challenge they face when they grow is management So heres how our typical entrepreneur cycle is going to be like first When they start out they dont see any money coming in And this hustle the struggle and they get a point where the break even and they go beyond that At that point they reached the tipping point And at the tipping point What happens is the entrepreneurs just walking walking walking walking and walking and here under a bed So heres the thing They dont need to hire people they need to set up systems and they need to be able to manage this So management is the biggest challenge for an entrepreneur As he grows up I cant think of any other challenge That is as because that because people look at operations people look at different aspects but they ignore one key aspect that is management And if they focus on building systems setting up tools training and developing the right people Thats when our business is really really gonna be successful
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