Getting a card processor that doesn’t suck in some way
this post was submitted on 04 Dec 2023
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Entrepreneur
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founded 10 months ago
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15 years, in current project for the past 7 years.
My biggest challenge is managing to stay motivated while coping with the following value dilemma:
On one side, I enable a team of wonderful humans to live decently and spend their days in a caring environment.
On the other side, I feel like I am contributing to the promotion of non-essential products and services in a world where economic decrease seems to be the only way to ensure a meaningful life for my future children.
Allocation of time and resources. There’s so much noise around, staying focused, making effective and quick decisions and knowing where to allocate time will always be an area that I focus on.
36 platforms later and still poor
Lack of stability -- one day you are a star, another day you think that you will die without a penny
For me. Cashflow. I run an e-commerce brand across eBay, Amazon, OnBuy and my own website. All the different platforms pay out at different times. I often have to pause the business when I could be making sales because I literally cannot afford to pay my supplier for stock as I'll be waiting on payouts from my selling platforms.
Hard to find customer
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It's always finding new clients. I've been at this 20+ years now, and it's much harder now to find clients because the market is so saturated.
That said, the difference between overall success and failure is as simple as KEEP GOING. I got real close once to packing it in and getting a normal 9-5 again.
Finding amazing people. But when we do, wow.
Doing the business and handling life’s challenges all while finding enough time to enjoy oneself
It’s glorified. Nobody speaks about the behind the scenes - not knowing if you’re going to make it, but still putting in the hours. Learning to deal with failure and embracing it (exceptionally difficult the first couple of times)
The emotional strain can really take a toll on you. But when you start experiencing success it all starts to make sense.
Ps. This was a bit of an emotional rant🙃
Your rant is welcomed and I totally agree with you. The "grind" can be stressful emotionally. It requires discipline, slight delusion in order to bring something to life that doesn't exist yet (your business) and emotional intelligence.
I find getting some rest and taking time away from helps, but it also makes me feel guilty.
Finding and keeping highly technical people around.
They tend to leave after 1-2 years to better opportunities which I’m happy they receive.
Just not great for business
I have a bunch of employees. Keeping them happy/but minding the business is tough. Its a very large decision to go from being the only employee to expanding and hiring. Changes everything. I could take for an hour on best practices.
Timing of implementation of decisions. Time for training and properly onboarding new hires.
The beginning is the hardest.
Prioritizing the objectives and focusing in it.
Month old solopreneur here - it's decision paralysis, for me. There are so many avenues I'd like to pursue, hard to understand ROI and get focussed
Yes.
Customer acquisition, always.
Hiring the right people. This has always been THE thorn in my side. If I could clone myself, i would.
Self-motivation
Staying focused on the right tasks can indeed be a significant challenge. As an entrepreneur, it's tempting to gravitate towards projects or tasks we enjoy, but they might not always align with what's most profitable or critical for the business.
It's all about prioritization and sometimes making tough choices to ensure sustainability and growth. I've found that having a clear vision and setting measurable goals can help steer efforts towards what truly moves the needle. And if you're looking for a tool to help with that, BeeDone, an app I developed, could be a nifty aid in keeping those priorities in check. Keep grinding! 💪🚀