The main obstacles to starting a business range from having little clarity about the market needs and not having digital tools to sell, to not knowing the legal requirements to formalize a business or hiring staff with little experience.
Entrepreneurship is a reality for people who seek financial independence or a second income that helps them grow professionally. But not everything is smooth sailing: there are various barriers to entrepreneurship that only the most prepared can overcome, whether they want to have a physical store to sell or are looking to do so online.
If you are considering having a digital business, the phone data following information will motivate you to take the step you need to join the group of entrepreneurs.
According to PCMI's study , the e-commerce industry in Latin America is growing by 20% year on year. And everything indicates that the pace will continue in a positive way!
Below, we share with you a list of 10 obstacles to starting a business and some tips that will help you overcome them. Shall we learn about them?
10 obstacles to starting a business
The main barriers and obstacles in starting a business are:
Not having the right tools to sell.
Not knowing the legal requirements for formalizing a business.
Little market research.
Insufficient capital.
Lack of knowledge and experience to manage the business.
Ignore customer feedback.
Inadequate leadership.
Ineffective marketing strategies.
Hiring people with little experience.
Lack of consistency.
Let's discover the details of each one.
1. Not having the right tools to sell
We live in an era where digital tools are the solution to facilitate administrative processes, reach new markets inside and outside the country, attract customers with advertising and, of course, sell 24/7 . But there are entrepreneurs who are not familiar with these types of platforms and miss out on unique opportunities to boost their business.
How to overcome it? The first step to overcome this barrier is to have an online store. Currently, Tiendanube offers one of the best options to create a digital business for free and without having advanced technical knowledge. Click on the following image and find out how easy it is.