11 Challenging Aspects of Being a Small-Business Owner (and Why It’s Worth It)

Owning a business is one of the hardest efforts a person can take on, and owning a small business is no exception. From strategy to delegation and everything in between, there are many difficulties that small business owners face, but most would say that in the end everything is worth it.

To offer their thoughts on why it is worth facing these trials and tribulations, a group of Young Entrepreneur Council (YEC) members answered the following question:

“What would you say is the hardest part of owning a small business? Why would you encourage others to do it anyway?”

These are your best answers.

1. Trust others and share control

“You have to trust others and share control and responsibilities. Small business owners need to understand, usually in the most difficult way, that growth and risk reduction are possible when you share both with others. It’s easier to overcome difficult things if you distribute the weight, and it’s easier to build a coliseum with a team than on your own. ”~ Dmitrij Zatuchin, DO OK

2. Balance downstream and upstream activities

“Balancing downstream and upstream activities is always a challenge. Downstream activities, such as boosting sales and reducing risks and costs, are often considered sources of value creation, but upstream activities, such as establishing the strategic vision, are increasingly the reason for customer loyalty. customer. The pace of change is constantly moving the center of gravity of a business, but the reality is that owners have to do both. ”~ Ryan Stoner, Dendro

3. Working long hours to the point of fatigue

“The hardest part about owning a small business is fatigue. It takes a lot of work and hours to keep things running. This can affect even the most passionate people. Fatigue often leads to hasty decisions. “To keep your business moving, you need to find a pace that doesn’t bother you. But it’s all worth it if you take into account all the financial rewards it entails.” ~ Stephanie Wells, Formidable Forms

4. Dealing with self-doubt at random times

“For a small business owner, one of the hardest parts is dealing with self-doubt, like the thoughts of ‘Am I good enough?’ or ‘Is it worth it?’ In addition, it will appear in the most random moments.The truth is that you are good enough.The decision of whether it is worth it is personal.But if you are having fun and really believe in your concept, it is probably worth it.Enjoy the challenge . Is it worth it!” ~ Zane Stevens, Protea Financial

5. Treatment with each client

“The hardest part about owning a small business is dealing with each customer as best you can. You can dedicate your heart and soul to making an excellent product or service, but there will always be a good handful of negative reviews for Although it may seem unfair, you have to solve your problems with a smile.But when your product is good, there will also be a lot of love from customers! ~ Benjamin Rojas, SEO All in One

6. Know what to do first

“For small business owners, the hardest part is knowing what to do first. They have to figure out how to make a profit while offering unique, quality services and products. However, I would encourage others to start their own business because it’s incredibly it gives them the opportunity to create their own work and do their own hours. ” ~ Kristin Kimberly Marquet, Marquet Media, LLC

7. Balance quality and growth when climbing

“The biggest challenge of owning a small business is balancing quality and growth. As your business begins to scale, you may be tempted to compromise on your quality. But you can’t do that if you you have to establish yourself as a brand of trust in the long run, so no matter how difficult it is, you have to find ways to balance the two. ” ~ Josh Kohlbach, Wholesale Suite

8. Put your people ahead of yourself

“The hours there and the fact that, as a leader, your people must always be first are two of the most difficult things. On the other hand, it also comes with a lot of rewards in seeing others succeed under your guidance and being able to improve someone’s life with what you have chosen to do. Also, you are responsible for your time. Yes, you probably have to spend more than 40 hours a week on it, but you are living your dream. “~ Alexandru Stan, Tekpon

9. Find qualified people to take on roles

“The hardest part about owning a small business is finding the right equipment. You’ll spend a lot of time researching candidates until you find the right people to fill your available positions. I think you should do it anyway because a well-equipped team is one of the cornerstones of a successful business. Collaboration, communication and project management benefit from a very close-knit group. ” ~ Chris Christoff, MonsterInsights

10. Be responsible for so many priorities

“For a small business owner, one of the hardest parts is the amount of things you’re responsible for. There are a lot of hats to wear and even more stakeholders that ultimately depend on your decision-making or your delegation to keep your promises. However, if one is working on something that really fulfills them, bearing that weight is much easier and more satisfying. ” ~ Akshar Bonu, The Custom Movement

11. Raise creative ideas for growth

“One of the hardest parts of owning a small business is constantly finding creative ideas that will help your business grow. But to set up a successful business, you have to do it anyway, no matter how hard it may seem.” . ~ Thomas Griffin, OptinMonster

Image: Depositphotos

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