Drawbacks or Problems of Entrepreneurship

Starting up a new corporation is always defying, no matters how old you are. Businesspersons of all ages have to face down the pessimism of friends and family members who think that they’ll end up penniless if they chase their corporate dream says Neil Haboush.

Starting your own corporate needs a lot of strength as well as determination. The major aspect of any industry is the financial permanence. Actually, cash flow is significant, it is even more crucial that businesspersons are in control of their finances. Hence, they need to have a backup plan so far their monetary stability is concerned.

Monetary defies are painful ones businesspersons have to deal with. However, creating a list of financial challenges and staying close to them can help businesses survive even in times of financial instability.

Here are 6 financial challenges that businesses come across:

Lack of capital: Every corporate idea requires a thing i.e. money. Fact is, it can take some years before a business starts making the profit. However, it does not mean it won’t succeed.

The entrepreneur should start with a certain amount of capital to pay for the cost of hiring the workforce, renting premises, marketing etc. Hence, the startup that is yet to make profits need to make sure that corporate owner is financed.

Not selecting the right funding option:

It is actually crucial to comprehend the tycoons requires to be very confident about the reason they are looking for funds. Different funding options are available for small businesses such as crowdfunding, bootstrapping, industry loans, angel money, friends and family etc.

Regardless of having a lot of options, it is vital to have lucidity of your present monetary picture. It is advisable to do a comprehensive research and then only finalize your funding options.

Cash flow management:

Cash flow factually translates to “cash in, cash out.” Monitoring cash flow can prepare you for a requirement for cash and disclose cycles in your corporate emphasis Neil Haboush. Moreover, cash flow management prepares you for the financial road ahead.

Staying on top of your cash flow position can be tedious. Luckily there are free templates, cash flow calculators and paid apps that are useful to be on top of the cash flow management game.

Poor credit history:

In reality, older tycoons have a better credit history. This is because they have much time to build a solid and high credit rating. However, the young businesspersons are not in the similar condition.

A single financial mistake of young tycoons affects their credit reports. Moreover, sometimes young tycoons actually only have a poor credit history because they are still young. There are credit cards for borrowers with fair credit that might be beneficial for new executives.

Social rejection:

This is actually hard for young entrepreneurs to build social connections. Being a startup, you do not have co-workers to discuss with and family may not comprehend the eccentric route you have taken. Also, it is difficult to get out and build the social connection. However, attending meet-ups where businesspersons can support each other’s goals and values is a great way to network.

Finding consumers:

Being a young entrepreneur, your marketing budget is not able to reach an as wide audience as a multinational corporation. Individuals tend to stick with the brands and companies they are familiar with. Hence, you have to ensure that quality of product or service you provide is top notch so that you will retain consumers year after year.

Wrapping Up

These are some challenges given by Neil Haboush that businesspersons face in today’s ultra-competitive corporate world. Luckily there are some resources in order to tackle the above challenges and operate an effectual and successful industry.

Source By : Neil Haboush

How to Make Money Online Without Paying Anything

The Internet is more than a source of news and entertainment. Nowadays, billions of dollars have been exchanged over the Internet. Every year a lot of people start their small businesses online to make some extra money says Neil Haboush. In fact, some people even turn their online endeavour into full-time Internet corporate.

Do you want to earn some extra cash and don’t know where to start? There are tons of ways you can make some extra money. Let’s take a look at some creative ways to make money online:

Open an online store:

Today, a lot of platforms like Shopify has made it easy for aspiring entrepreneurs to open an online store and sell products. Furthermore, you can easily integrate products and checkouts into the existing blogs using tools like shoppable.

Do you have already a blog with decent traffic and loyal readers, you have to stick with shoppable. And if you have started from scratch and want to make extra money, then running an online store through Shopify is a great way to achieve success.

Live Stream for extra cash:

Are you active online? Have you ever shared live videos of yourself? If yes, then Peeks can be a great option for you. It is world’s first social networking platform where your friends or followers give you money instead of like your videos.



You can live stream advice, entertainment, events and more and people will pay you for it. Individuals use this platform for sharing their advice or expertise. And other can use this to sell products.

According to a report, Peeks offer better engagement rates than Instagram or Snapchat. So, you can build a strong customer base by using this platform.

Review Apps:

Every brand wants to make sure that their products or services create good customers experience. Actually, business need real people like you to help them. You should use the platform like UserTesting and share your thoughts when you navigate the particular website in order to get paid.

Once you have done a few testing, you can add Product tester to your resume suggests Neil Haboush. This will help you in getting work outside of the platform. So, if you like to try new things, try product testing.

Start E-Commerce Website:

This is one of the great ideas to make money online. The e-commerce website is where you can vend products online. The hassle-free way of doing this is via drop shipping. You simply have to take the order online and contact the third party that manufactures and ships the products for you.



All you need to do is to focus on a specific niche and be a speciality store that caters to that market.

Wrapping Up

Neil Haboush has shared these tips of making some extra cash. Every individual should try these ways to make their life simpler and easier.

Source By :  https://neilhaboushjudgement.wordpress.com/2018/04/21/creative-ways-to-make-money-online/

Female Entrepreneurship Opportunities and Challenges

Some years ago, it was rare to find women entrepreneur in the corporate world. Actually, opportunities were rare for women’s says, Neil Haboush. However, the time has changed now. Today, women are at the helm of industries across the world. In fact, female tycoons are making big waves in this male conquered society.

Furthermore, there is no doubt that women businesspersons are still facing a few major difficulties. In this article, some female tycoons have shared the major defies they and their fellow female tycoons have to face in the modern world.

Here are some challenges that female entrepreneurs faces

• Access to Funding:

Funding is necessary for the startup. While starting and growing businesses female face more problems than men, especially when it comes to receiving angel or venture capital. Bloomberg report shows that women who run thebusiness get a less lot funding than men.

• Lack of Information:

Actually, female industrialists are not aware of the grants and incentives available for them. This lack of information averts them from availing the special schemes.

• Networking with People:

One of the largestdefies for female tycoons is not comprehending how important it is to have networks of the reliable person. In reality, 48% of women founder report the lack of available adviser and mentors limit their professional development.

In every type of entrepreneurial endeavor, a key to success is making a connection with individuals who can help you in the corporate.

• Work-Life Balance:

Female are expected to play a larger role in taking care of their family. Starting and running industry means long hours work. Thus, work-life balance has been a big defy for women.

Working mothers have to take care of their children which takes up a lot of time. Hence, mompreneurs have dual liabilities to their businesses and their family. You should find a way to devote time to both is crucial for achieving elusive work-life balance.

• Unfavorable Environment:

The corporate world is male-dominated emphasis Neil Haboush. Most of the men tycoons take interest in having industry relationship with women businessperson. Usually, all the men do not encourage female entrepreneur.

• Limited Mobility:

Not every women entrepreneur are able to travel different cities or country for the corporate meetings. One common reason is that some families restrict them to do so. Fact is, the problem lies in the insight of individuals. In order to overcome such challenges, women tycoons have to make sure their family knows their limit and gain their trust.

• Coping with a Fear of Failure:

Fear of failure is the topmost concern of female who starts their corporate. However, failure is the real prospect in every industry venture. In fact, until you face failure you cannot know the value of success. Hence, women entrepreneurs should combat their fear in order to achieve their corporate goals.

Wrapping It Up

Women have life crafts and aptitudes that are crucial to run anindustry says Neil Haboush. Some of the skills include negotiation, networking and creating long-lasting corporate relationships. However, they face a lot of defies that make them fail to use these skills, making them shy away from some corporate ventures.

Source By : https://neilhaboushjudgement.wordpress.com/2018/04/04/7-challenges-faced-by-female-entrepreneurs/