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What Are The Challenges You're Facing As A Young Entrepreneur - Romance - Nairaland

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What Are The Challenges You're Facing As A Young Entrepreneur by stunnert(m): 11:46am On Dec 30, 2023
Nigeria is one countries with abundant opportunities for young tenacious entrepreneurs. It's not a hitch free ride tho as the challenges you'll encounter can make you almost quit and give up

Here are some of the challenges I'm facing as a young serial entrepreneur in Nigeria

Lack of stable electricity
High price of diesel for the kva generators
Expensive data subscription bundles
Inflation
High exchange rate
Hike in Electricity tarrif bills
Increase in price of materials
Cost of transportation
High cost of adverts and influencers
Tax
Branding
I T and graphics designer bills

Did i miss anything else ?

Feel free to add your suggestions on how i can overcome these challenges
Re: What Are The Challenges You're Facing As A Young Entrepreneur by JustPowerApps(m): 11:57am On Dec 30, 2023
Are you trying to scout on this forum? 😂😂😂

Go back to your sponsor, tell him/her to show you how to do it again!
Re: What Are The Challenges You're Facing As A Young Entrepreneur by stunnert(m): 12:00pm On Dec 30, 2023
JustPowerApps:
Are you trying to scout on this forum? 😂😂😂

Go back to your sponsor, tell him/her to show you how to do it again!

grin Nah that's not the aim of this thread
Re: What Are The Challenges You're Facing As A Young Entrepreneur by JustPowerApps(m): 12:01pm On Dec 30, 2023
stunnert:


grin Nah that's not the aim of this thread

Great. Leave Nigeria, that's how to overcome it wink

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Re: What Are The Challenges You're Facing As A Young Entrepreneur by TheDarkporeShow: 1:37pm On Dec 30, 2023
stunnert:
Nigeria is one countries with abundant opportunities for young tenacious entrepreneurs. It's not a hitch free ride tho as the challenges you'll encounter can make you almost quit and give up

Here are some of the challenges I'm facing as a young serial entrepreneur in Nigeria

Lack of stable electricity
High price of diesel for the kva generators
Expensive data subscription bundles
Inflation
High exchange rate
Hike in Electricity tarrif bills
Increase in price of materials
Cost of transportation
High cost of adverts and influencers
Tax
Branding
I T and graphics designer bills

Did i miss anything else ?

Feel free to add your suggestions on how i can overcome these challenges

hmmn.

The most important challenge every entrepreneur has to overcome is how to create paying customers. You need to be able to identify opportunities to deliver your products and services to paying customers. All other challenges are problems that should be minimized as much as possible.

your focus should be on opportunity. In the conversations below, everyday Nigerian entrepreneurs share their biggest challenges:

why their businesses failed: Debt, Jealousy, Greed


https://www.youtube.com/watch?v=U48DKuadQvI

and how to attract paying customers.


https://www.youtube.com/watch?v=9VLU2yNv2f0

Both conversations are very helpful in getting your business on track. You also need to remember that you're not the only one operating in this difficult business terrain. It will get better. Just remain positive and hopeful.

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Re: What Are The Challenges You're Facing As A Young Entrepreneur by stunnert(m): 12:34pm On Dec 31, 2023
JustPowerApps:


Great. Leave Nigeria, that's how to overcome it wink
That could actually work

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