Starting a business can be interesting yet challenging, often times we get excited to start a business without thinking about how to sustain the business and keep it going.

The below are five (5) common challenges Startups might experience and tips that might help you overcome them.

1. Knowledge of your Product/Service


When you can’t engage fully and communicate effectively about your products/Services then this might just be the beginning of a major Challenge in your business.
Tips: #1. Partner with a friend who has good knowledge of your kind of Business.
#2. Read about your business
#beknowlegeable #knowyourproducts #connectwithothers

2.Time Management


This is an essential tool in business; your ability to keep to time speaks a lot about its genuineness, its sustenance and growth.
Tips: #1. Stop Procrastinating- Do what you need to do Now
#2. Have a time line
#3. Have a good sense of accomplishment and urgency
#4. Know when to say NO and move on


3.Finance Management


Wikipedia defines finance management as the efficient and effective management of money (funds) in such a manner as to accomplish the objective of the organization.
Tips: #1. Separate money meant for your business from your personal needs.
#2. Learn some basic accounting on how to keep records of your capital and profit.

4. Staffing and Recruiting


Recruiting competent hands can be challenging yet beneficial to your business. This is an essential part of your business as having a competent employee/partner will enhance and boost your business.
Tips: #1. Ensure full background check on employees
#2. Measure Passion – Ensure whoever you are hiring has some knowledge and is open to learning.


5. Customer Service




Let me make reference to the holy book “Matt:18:12: How think ye? if a man have an hundred sheep, and one of them be gone astray, doth he not leave the ninety and nine, and goeth into the mountains, and seeketh that which is gone astray?” So I say value your customer! Value the power of one customer.
Tips: #1. Understand your customers’ needs.
#2. Show genuine concern to serve them
#3. Appreciate Feedbacks

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