From speaking to young entrepreneurs, here are their top 10 challenges currently

1.    Starting from scratch: identifying who you need help from and making appointments to meet them.
2.    Getting funding – from start-up to working capital.
3.    How to build credibility with little or no trading history.
4.    Understanding financial matters like cashflow, P& L Balance Sheet etc.
5.    Mastering time management – never enough time to do everything!
6.    Sacrificing social life, sometimes even holidays or time off.
7.    Feeling isolated – sometimes having to deal with jealous friends/peers.
8.    The need to learn new things fast, for example, using software.
9.    Understanding the importance of marketing your business properly; understanding and engaging with your customers.
10.  The need to continually check and differentiate yourself from competitors.

HW Chartered Accountants launches the Haines Watts Thames Valley Young Entrepreneur Award competition 2011 on 1st March.

For further information about the Haines Watts Thames Valley Young Entrepreneur Award 2011 please visit www.hwye.co.uk

Comments (0)

Subscribe to this comment's feed

Show/hide comments

Show/hide comment form

 

Name

Email

Website

Title

Comment

smaller | bigger

Subscribe via email (registered users only)

I have read and agree to the Terms of Usage.

Add Comment