Starting a small business can be one of the most rewarding experiences, but it doesn’t come without its challenges. However, this doesn’t mean you should give up your dreams of growing a business to new heights.
As a small business owner, there are essential elements to keep in mind. From money management to hiring the right people, there’s many decisions involved in keeping your business afloat. However, small setbacks or mistakes are inevitable with a growing business. It’s through the small hiccups that you have an opportunity to reassess what’s working and what’s not. You can then learn how to address challenges that you will inevitably face head-on.
There are plenty of tools to help you tackle potential or current hurdles. Whether it’s networking with local community business groups, scouring the internet for resources, or even reaching out to a mentor. Sometimes, learning from other business owner’s mistakes is the best tool of all.
This is why Valpak interviewed and compiled 6 small business initiatives that didn’t go as planned. It shares candid responses from small business owners across different industries and what they learned along with tips to help you succeed. They cover many areas of business, from building a website to advertising or managing people.