Running and Growing Your Business
Once your business is up and running, daily operations become your new reality. You'll juggle finances, manage stock, handle customer enquiries, and chase payments - it's like being the conductor of your own business orchestra.
Business expansion opens exciting doors: new locations, franchising opportunities, product licensing, or even merging with other companies. Smart entrepreneurs understand that growth requires strategic thinking, not just ambition.
Intrapreneurship represents a fascinating twist - employees within larger companies who think like entrepreneurs. These innovative individuals drive change from within, solving problems and improving processes whilst enjoying the security of employment.
However, barriers to entrepreneurship can feel overwhelming. Limited access to finance, lack of training, fear of failure, and confidence issues prevent many brilliant ideas from becoming reality.
Reality Check: Banks often refuse loans to start-ups due to lack of sales history, making government initiatives and alternative funding crucial for new entrepreneurs.