I know starting a business is challenging. What are some of the biggest roadblocks you all have overcome?

like
Posting as :
works at
You are currently posting as works at

First time entrepreneur here - the mental game. The journey is long, hard and make you question yourself over and over again. The highs are highs and lows are low - keep yourself motivated and trusting in yourself is key.

like

Totally agree especially after covid small scale companies have to think each and every moment for next day asspects of salary , project ,rent and many more challenges.

A good team of founders, with complementary skills and expectations is a must.
Make sure to have tough conversations at the start, like how are decisions to be made, who is in charge of what, what happens when the company grows, what happens if troubles arise... If you survive the talks then you may have a good founders team. Make sure you have each others back cause it will be rewarding, but also hard. Support is needed.

like

I felt I was my biggest bottleneck. The possibilities of entrepreneurship is limitless but I often tried to limit it due to my limited thinking. Raising money was difficult but may be I did not try all options. But I would say raising money from bad investors ( vision not aligned) was a disappointment and waste of time.

like

It really depends on the business. I cofounded a real estate private equity firm and my biggest issue was capital. Raising money for the funds from investors then getting lenders to finance the acquisition of property or to take out equity if we paid all cash. Each business is different. My experience will be totally different from someone in tech, product development, etc.

like

Well it is pretty simple in theory: get investors together and buy well performing property and/or invest in development projects (we’re not developers ourselves—that is a totally different aspect of the business). Investors get paid distributions off the rents from property and/or proceeds from sales of property, depending on the deal. DM me if you’d like to discuss further. As a lawyer, I also put together the purchase and sale documents, leases, and fund documents.

Snowballing problems resulting from early stage quick fix decisions. Pay for the better logo/wordmark. Throw the old business cards out and start new if you have to. Bad domain names. Not thinking in systems and efficiency. Getting a big payday, thinking you've made it, only to not see receivables for 4 months. Seat of the pants management rather than processes and planning. Be prepared.

like

Certainly funding your business will be a critical piece and it always costs more eventually than you originally planned. Make sure you have sufficient capital or able to bring external investor/s as necessary to support your business plan.

like

Cofounders

like

Finding the right people + really leaning into the concept of “hire slow, fire fast” (much easier said than done).

like

Accounting, marketing, training people, corporate formation, and all the other stuff of being chief executive bottle washer.

like

Funding

like

Finding partners who I can trust and yet have value to add that compliments my own.

like

Proper marketing in the early stages to draw consumers in

Every day is a new challenge. Biggest roadblocks come from employees who aren’t engaged in their work. Firing people is hard for me.

Hiring the right kind of people and trying the best to drive business forward in the cash positive state

Biggest challenge is mindset: The habits that enable a startup to be successful are the very things that later hold you back from reaching the next level.

Brand awareness, funding, and time management

Related Posts

hey, fishies! i got a dilemma. would you take an offer that’s $5k less than your desired salary range/expectations? (e.g. you say your range is $115k - $120k & they come back with $110k). but also this would technically be a $5k cut from your current salary, which is pretty much maxed out for its current title/salary band.

HOWEVER, i’d be moving from a midsized agency to a very prestigious agency, which also covers 100% of your healthcare premium AND deductible…

like

I need some help. I'm struggling immensely to cope right now and have been for a while. I'm talking about breakdowns and crying every day. I can't ask for help as I'm going to hand in my notice in two weeks and then stay for another three more only, but I feel incapable of even getting through those five weeks. How do I make it out ok?

We are very leanly staffed and I have a principle role in many transactions as sole associate which makes it more challenging, to both cope and take space.

like

Just here to say ... so so grateful for the jewish holidays. if nothing else, they grant me time off without questions or (hopefully) judgment. Needed these few days to reset without email. Shana Tova everyone!

likehelpful

How is the wlb in Cognizant . Projects, pay and bench period. Do we need to work extra hours every day. Their hire and fire policy is trending much in the market. Is it safe to join Cognizant. Please help.

like
like

What are some analytics tools we use to analyse data for our clients? Which are the top ones recommended for me to pick up?
(Ie. Vba, powerbi, tableau, alteryx, etc)

like

Hey Fishes,
Looking for job in HR manager profile with 12 years of experience. Immediate joiner

like
like

Need referral Microsoft
YOE 5+
Skills - Python, SQL, AWS cloud platform (Redshift, EMR, Lambda, S3, etc), big data tech - Hadoop, HIVE, spark

Job id - 1361956

Can anyone help? Feel free to match the Skillset against the job ID.

like

Hello.
Need 11 hearts for DM.
Much appreciated

like

Hi fishes. Im an immediate joiner.
I have experience in angular.
Can anyone refer me please.

like
like

Having a lot of trouble deciding between two opportunities, Sr. PM at Amazon or Gaming Producer at Warner Bros. I’ve always been very interested in joining the gaming industry, but unsure if it’s worth giving up the security and brand name of Amazon. Would also have to reneg at Amazon but I’m not too concerned about that

like

How does everyone track their daily and long term work to-dos (lists)? I am not the best at organising and feel overwhelmed with tracking and prioritising. Any tips?

like

Hi all, anybody looking for a flatmate to move around 1st week of April in Pune?

like

Suggestions for local gift baskets I could send a recommender?

like

Recs for cute towns to visit during winter and perhaps outdoorsy places?

like

Do people use umbrella in Boston?

Moving to Boston soon and wonder if people use umbrella or just windbreaker like most people in Seattle.

funnylike

Supply chain Folks. I have a friend who is looking to get back to work after maternity hiatus of a few years. She was a buyer. She wants to pursue CSCP. Will it help her chances of landing a job? Tks!

like

Additional Posts in Startups and Entrepreneurship

Can anyone recommend good books or articles on startup org charts and hiring? Think we’ve hit early signs of product/market fit, but not sure who to hire next, in what order, and how the org should evolve over next few years.

like

Morning, afternoon or evening to you! Currently, I’m looking for founder of a startup that would be interested in testing a free productivity platform that would only work with Gmail. It is currently extremely basic, however, we hope to upgrade the platform. Looking for one or two interested parties only.

like
like

My family just secured a sponge iron manufacturing project approved by the government of India. I would like to contribute by bringing in a portion of the funding. Where do I look for angel funds pertaining to such kind of projects? Project cost: ~40M. Looking to raise $13M for up to 30% equity

uplifting

When a VC invests money in a company, does that company then need to pay taxes on the funds they receive?

like

Accepted a research position a few months back for SaaS Private Wealth startup. I feel like I’m being underpaid even though I’ve only been here a few months. Not sure how to approach it if I should at all?

like

When joining a startup, would you consider the title Design Lead, with no other creatives on the team (at the moment), dealing directly with the COO and CEO, a C-level position?

like

Anyone here work for or heard of Crexi?

like

Recommendations on the best podcast, book, or other medium to learn more about “entrepreneurship through acquisition”?

like

What do you think the critical difference between a startup and a small business is?

Adding to that, how do you differentiate an entrepreneur from a small business owner?

like

who has experience working with bubble? wondering if it’s a good platform for me to start building an idea on… very early stages but thinking it can help me be as lean as possible until getting to an actual product / prototype

like

Interested in buying a company and unsure how to source good deals for small businesses between $1-20MM in revenue. How do you find companies like this for sale?

like

Seeking recommendations for attorneys familiar with reviewing “profits interest” incentive unit grants pursuant to an equity compensation plan with a private equity sponsor-backed growth company. A friend of mine has been offered to participate in bonus plan and needs a qualified legal review before accepting, any quality pointers are highly appreciated!

like

Has anyone experienced an exit where the newly emitted shares (primary) and shares bought by the founders (secondary) are valued differently? Is this common practice? What’s a typical valuation ratio? We have a potential investor who wants to structure the deal like this.

likehelpful

Just created my FIRST product! Can someone give my website a 10 second skim? It’s related to gratitude.

like

Any good meet up for startups in London, UK?
Looking to network with founders and investors

like

Hi, recently discovered this bowl. I am thinking about starting a business and I have decided to create an LLC for it. I would be the sole member. Would it make sense to have it be taxed as an S Corporation?

like

I’m interviewing for a series B company. They said they’re flexible with titles but I am eyeing their director role. What’s the typical equity grant for a sales director?

like

Book recommendations for staring a CPG company?

like

Considering an exit to a startup that just completed a solid series B. They’re willing to provide competitive comp package and surprised how large the base is for a startup. Has me concerned about being on the high end and being the first person that comes to mind when it’s time to pinch a few pennies or clean up the books ahead of future rounds/IPO. Valid concern or am I overthinking it?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal