Oftentimes, we get to hear this from aspiring entrepreneurs that they want to parent their ideas into this competitive world and bloom them into something spectacular!

We are also sure that you might have heard this from the majority of them stating that they want to be their own boss – delegating tasks to others and they will be doing the rule-making and decision-making on the ground.

Oh! Such a wishful thinking!

But is it truly the case? Are things so easy for an aspiring entrepreneur? Don’t they face any shortcomings? We all know how easy it is to say and how difficult it is to actually do what one has said. There have been cases where a certain entrepreneur has a great idea but lacks in resources such as time, finance and team. Building a business from scratch is always a little too much on the plate. You have to take care of so many things simultaneously – your business idea, sales, marketing, clients, finances etc. and you are just swamped with tasks round the clock.

Let’s check out the challenges that are commonly faced by budding entrepreneurs:

a. Cash Flow management: To build a business, cash is the first and foremost thing after you get your business idea. It is important to know how cash works! As you need cash for the smallest of the things. You will need to buy your office setup, equipment’s, software’s, hardware’s, pay the electricity bills, internet bills, pay your team and having a loan is just a cherry on the top!

Cash is always going to be tight for you. You need to have the sense to expend it judicially. Another scenario can be you are serving your client and the payment window is for a month. So, you wait for a month and if there is a delay in the payment process – you are done!

b. Hiring talents: Now building a team is another key challenge. We think the interview process is dreadful for the candidates alone, but here is a secret – ask a budding entrepreneur about the hiring process? S/he will not be able to word it out enough how much they are panicking over it. One of the hurdles in the hiring process is to know who you want and for what role so, it is necessary to draft every little detail about the job and the employee, like say, will there be full time employment or contractor required, what will be the working time, the qualifications needed etc. The next would be where to find the suitable fit, should you contact an agency(s) ( which is going to cost you extra) or ask for referrals who can be vouched for. Now, you know, how time consuming the whole process is.

Also, one wrong judgement can take you a few steps behind and slow down your whole business process. Your work would be affected and also, you have to find a new fit again.

c. Business Growth: Being an entrepreneur is going to be stressful most of the time! Especially when you are a fresher with immense pressure and lack of experience. There will be times when you have too much on your plate and you cannot deliver more and thus, you are losing time and the growth. It is important at that time, you start delegating tasks to your team and you step up into the management position where you are into decision and rule – making, in short, taking the ownership. One suffers from mental fatigue as you will have to enforce some harsh rules for your employees and make some tough decisions when it comes to competitive markets and clients.

We understand being an entrepreneur can be difficult to manage and can be messy. We here at Accoance can provide you with a chain of services that would be beneficial for you and your business revenue. We take charge of the best pool of talents, onboarding & payroll, and training them as well.

We understand being an entrepreneur can be difficult to manage and can be messy. We here at Accoance can provide you with a chain of services that would be beneficial for you and your business revenue. We take charge of the best pool of talents, onboarding & payroll, and training them as well.

We are an outsourcing service provider company who provides you with a talented pool of virtual assistants. We will take you on a tour now for why virtual assistants,

1. You get a bunch of talented pool of candidates and you can sift through them accordingly once the vetting process is completed successfully. With this, you can hire the talents according to your needs, like say, full time, part time or as a contractor. Also, you can customize the package as you desire.
2. They are quick learners and flexible. Virtual assistants are usually quick learners as they have worked with different sorts of enterprises and they understand the needs and requirements of clients in a jiffy. They are also very flexible when it comes to training themselves or handling their workload. Also, they will always surprise you with skills they have!
3. You get 3 employees in one virtual assistant! S/he will be your PA – answering the calls and emails, managing your calendar and diary, scheduling meetings with clients etc. in the morning, handling your social media accounts, hiring talents or generating leads for your clients, in the noon and virtual accountant at the night. What more you could ask for, right!
4. You save a lot of money and time! You don’t pay for their workspace, their training, or at least design their compensation and rewards scheme.
   
   So, what are you waiting for click here and book your first free consultation call with us