Mayor Challenges for Entrepreneurs

When I saw the number of Entrepreneur magazine in January of thrilled me. Cover copy had a complaint about the same in that employers were surveyed and their responses were inside. He was sure that finally, someone was paying attention to entrepreneurs who strive for a successful business. The time has come to know us little guys!

I cannot tell you how surprised I was as I started reading the article. His idea of an "entrepreneur" and mine were as different as night and day. I have always classified as an entrepreneur as someone "Mom and Pop" coffee shop, the product family in the city, or 18 to 24 years of age who had come with a fantastic "gizmo" and was picked in a society as its newest genius. Let me give you a quote from the article that you track your idea of an "entrepreneur."

To explain the method used to survey the state, "Entrepreneur magazine and PricewaterhouseCoopers’ Entrepreneurial Challenges Survey" is an annual telephone survey of over 300 executives from private, US-based companies recognized for their sustained and rapid growth. Average of $ 31.5 million in annual revenues, with an average of 185 employees and have an annual growth rate of over 23 percent … … "

That was definitely not my image of an entrepreneur. I do not know that many employers an average of $ 31.5 million per year, employing 185 people. For me, this company is quite successful in its way to becoming a corporation. We should all be entrepreneurs!

In any case, I kept reading, and I must say that the information is worth reading, and the business of doing business can be applied to those of us who are not that $ 31.5 million per year yet. This is what the survey found.

What have been considered his greatest challenges for 2006?

• 73% – Retention of key workers

• 38% – Developing new products / services

• 36% – Expansion of domestic markets

• 35% – Increased productivity

• 28% – Update technology

• 23% – Creating business alliances

• 21% – Better management of cash flow

• 14% – Expansion outside the U.S.

• 13% – Improved risk management

• 11% – Search for funding

• 11% – The purchase of another company or launching a derivative

• 7% – Preparing the company for sale

• 2% – Going public

Now, when you stop and think about it, that’s almost what most entrepreneurs think of each year. Maybe not to the extent of expanding to foreign markets or to launch a derivative, but to keep your business perking along the path of improvement – the rest is considered.

The next part of the survey was interesting because employers were given a list of various "wild card" factors that could affect business in 2006. When asked which three would be more damaging to your business, this is what he said:

• 47% – unstable U.S. economy

• 43% – The rising costs of health care

• 41% – The shortage of skilled workers

• 40% – Weak market demand

• 24% – Rising oil and energy costs

• 24% – The increase in interest rates

• 22% – New government regulations

• 18% – the weakest capital spending

• 14% – Weakening global economy

• 12% – Increased global competition

• 11% – Decreased access to capital

• 10% – U.S. sudden drop in the housing market

• 10% – tax increases

• 9% – Inflation

So maybe my entrepreneurs and those who are not really much different in thinking. The outlook of most entrepreneurs is probably optimistic, or will be unless more unforeseen disasters.

Even after the massive devastation of 9 / 11, within the two quarters which were again on the same level of optimism we had before. People are accustomed to coping with difficult circumstances and their factors, but are not influenced by them. When you really think about it, is not that what they are like most entrepreneurs?

If not, then employers are not my way of thinking.

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Mayor Challenges for Entrepreneurs

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