Challenge or Opportunity?21 Mar 2009
Taking an idea and making it a successful business is a struggle. Not only do you have to manage internal factors like productivity, customer service, and accounting, you are also subject to external factors like competition, market volatility, and fickle customers. Recently I was surprised with a legal challenge which required big changes to one of my websites and its products. Challenges like these bring the entrepreneur to a crossroads. Do you allow the challenge to be a stumbling block or a launching point? It's easy to be discouraged, but it takes endurance and hope to turn a setback into an opportunity for success. There is always more to learn or a fresh way to approach your challenge. In this case, the abrupt legal issue has lead to a renewed marketing effort and careful planning for the future of this small business.