Question

which among thrse problems present business with the biggest obstacle for growth ? explain your answer​

Answer 1

Answer:

Throughout the last decade, I have started a lot of businesses. Some of them worked for a certain amount of time, earning as much as $50,000 a month. Others just flopped as soon as they were started. Some put me into debt. Others carried no risk but wasted time.

The biggest challenge I had when running a business was trying to figure out how to move from offline marketing to online marketing.

I was born in 1984. I’m at the age where in school, brick and mortar business practices were taught, yet our whole economy was moving digital.

I had the skills of how to sell in person. I could market something through traditional means of marketing. I could write collateral and make it work. But figuring out how to maximize off of the digital market was one of the hardest challenges I encountered.

There was just so much to learn and understand. I saw some people get millions of views on their website. But each time I tried to get something up and running, I just couldn’t figure out how to get it to work online.

So even with the businesses that I had that were based on the Internet, I did most of my marketing and sales through offline channels, such as the phone and by mail.

To overcome this, I realized I needed to take a step back.

I decided to take a break from doing business. Instead, I indulged myself into studying resource after resource of how to maximize my efforts online. Two great sources I went to in that frame of time was a site made by my friend Neil Patel from high school, Quicksprout, and Copyblogger, a site that teaches people how to write sales copy.

For a whole year, I studied. Then in 2011, I tried to take what I learned and put it up online. After writing about three posts, I saw that no one was reading what I wrote nor could discover it. I recognized that I failed miserably at it. So I gave up and took another break.

Then in 2013, I discovered James Altucher, a bestselling author who ran hedge funds and created various multi million dollar businesses. I was at a point where I was no longer sure of what I wanted to do, so I got inspired by his content then just tried writing online on the same platform he wrote on.

Somehow, my content this time around caught on.

Within 6 months of writing, I had picked up 10,000 followers and 2 million views on my content, mostly on a site called Quora. I decided that it was time to restart a business, since I figured out how to attain the visibility. I set up my blog and laid out the blueprints of what kind of business I wanted to do and rode the wave of the momentum.

Within another year, I picked up a total of 10 million views on my content, had it featured in publications such as Inc. Magazine, Huffington Post, La Times, BBC, and so forth. On Twitter, I went from 550 followers to 30,000 in eight months. I leveraged my whole social media network to help upgrade my personal network, connect with everyone I thought I needed to know and reestablished a successful business out of it all.

The costs weren’t even as abhorrent as many people may have thought it would be.

says that the biggest mistakes that he sees small businesses make when it comes to their digital marketing is inactivity.

Emery Skolfield says, ”Many small businesses, unfortunately, feel they can’t get involved in digital marketing — that it’s something only big companies do. The reality is you don’t need a million dollars to run a social media marketing campaign or to send regular emails to your customers.”

I was always under the impression that I’d need millions of dollars to gain exposure on my own.

I thought that the guides provided online that help you gain visibility were just theory and not something that would work in practice. Yet, when I tried to practice what was preached, on the proper platforms, I achieved more success than I could ever imagine.

My total investment when setting up my blog was about $700. I asked for a lot of custom work that really wasn’t that necessary and could have got away with creating it for a lot less. I spent around $150 a month on the maintenance of my site through a virtual assistant. Plus, maybe a few hundred dollars on ads here and there. Compared to what was made, that was a drop in the bucket. Yet, even with these minimal costs, most of my visibility and growth was organic. All I really needed was time, a computer and a phone to post the content.

Nowadays, I haven’t spent much more as far as costs go. Just the cost of a GoPro camera and a few accessories (around $600) as I start to move my content into the video sphere.

Since I have been involved with so many businesses in the past, I realized something else that stuck out to me.

Explanation:

Hope it's helpful to you ☺️

Answer 2

These problems present business with the biggest obstacle for growth

• Your perspective on the market, including prospects, clients, and competitors, is one of the most important issues to address.
• The largest barrier to your personal development will be a lack of enthusiasm, not a lack of money or skills.
• One of the main reasons many entrepreneurs give up their aspirations of being business owners is a lack of capital to launch a company. Forget the posh office, the hip office chair, and those slick four-color brochures; instead, bootstrap your way to success by starting your own.
• Access to capital, availability of non-financial inputs, and cost restraints were selected as the three main constraints. The findings indicate that for smaller, less-established businesses, financial restrictions are the biggest roadblock. Additionally, tax restrictions are the biggest barrier for the smallest businesses.

1. Prior to problem-solving, brainstorm. Building a successful business begins with identifying a problem and finding a solution.
2. Be critical of your group and yourself.
3. Become resilient to the emotional rollercoaster.
4. Failure stories open the door to success.

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