“Every problem has a solution, you just have to be creative enough to find it”
Running a startup is not as easy as it sounds. Startup owners have to multi-task and consistently put in their efforts to be successful. Startup is like a baby and requires a lot of care to blossom. Around 50 million start-ups are launched every year and only 10% are able to survive. Startup owners who succeed have focus, preseverance, commitment and the right team.
Challenges faced by Start-ups and their solutions
Here’s a list of common challenges faced by start-ups and a list of their solutions:
Problem: Poor Business Planning
Planning is very important at every step in business. When business owners take planning lightly, it results in their business failures. Also, there certainly are other reasons for project failures like mismanagement, ineffective supervision and delays.
Solution
There is a need to plan the budgets, resources etc in business. Planning is required to divide the long term and short term goals. Virtual assistants helps business owners to plan their business functions. Virtual Assistants take the help of various tools like proofhub, trello etc and assist business owners in proper planning.
Problem: Lack of Time Management
Small business owners lack adequate support in their business and they try finishing the whole work themselves. Daily routine tasks eat most of their time and either no time or no time is left for crucial business decisions. This results in very slow progress or no progress at all.
Solution
Preparing a to-do listand finishing the tasks on priority help to justify the limited time business owners have in their daily schedule. When business owners take the help of virtual assistants, they keep their most important task list ready in hand so that immediate action can be taken on their to-do’s. Virtual Assistant’s also help in finishing routine mundane tasks that business owners find difficult to finish within limited time.
Problem: Getting the Right Support
Funds are very limited when you work on a start-up. A new business requires the support of experienced and talented employees that can cost very high. Business owners face difficulty in getting the right support for their business and they end up doing everything by themselves.
Solution
It is a wise step for startup owners to hire a virtual assistant. Virtual assistants are experienced and their services are available on hourly basis while working from a remote location. Virtual assistants are a complete package for handling your business as they are experts in handling multiple business functions.
Problem: Inadequate Marketing
Business owners often face the issue of not being able to establish their presence in the market. This happens because of the lack of comprehensive marketing strategy.
Solution
Virtual assistants are aware of various marketing tools and with social media marketing and email marketing, they help to establish new brand in the market. They not only help to target the correct set of audience, but also help boosting sales. Virtual Assistants help in lead generation with their advanced research skills. Business owners experience rapid business growth with the help of Virtual Assistants.
“Bringing great people onto your team is about demonstrating that size doesn’t really matter – People do”
In the early years, when startup owners don’t have much resources and support should hire a virtual assistant to look after various business activities. Virtual assistants are reliable, flexible experienced, dedicated and help you grow your business – Remotely!
