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Sep19
5 Entrepreneurial Roadblocks and Beyond

No matter how much talent you bring to bargaining tables, key barriers can block future growth or sustainability, unless you tackle entrepreneurial roadblocks.  
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1. Too labor intensive. You can’t do parts of every contract detail and keep the boat afloat at the same time. Have you tried to hire people who bring talent to parts you do less well on a project by project basis?

2. Travel eats up time and effort while being away from home ... shrinks your bottom line. Have you thought about virtual communication? I’m thinking about blogs and telecommuting that save costs and offer advantages of working with diverse networks.

3. People refuse to pay for unproven ideas, yet time-tested research and development needs support. Why not network with people rather than advertise with less familiar markets in costly places … often for less return?

4. Funds seem sporadic, minimal, or without sustainable assurance. Negotiate deals with a financial wiz and an idea guru present from your camp. Entrepreneurs tend to toss out product ideas faster revenue stream suggestions. So before you give away more than you sell in a deal – let the money maker close the deal.

5. Access to people with power is denied along with solid experts who nail new deals into place. Traditional business rarely looks favorably on new methods that could be seen to scoop the competition.

What barricades your entrepreneurial talent from bargaining tables, and how do you tackle entrepreneurial roadblocks?

   


6 Comments/Trackbacks




Hello Ellen:

Thanks for a thought-provoking and action prompting article. Do you think creative people can ever generate too many ideas? What is the most helpful habit/practice that helps you profitably channel your productivity?

Great question from a CREATIVE LEADER, Galba. Thanks. The short answer is that more creative ideas need feet and it take highly cultivated innovation to give more feet.

Big business has moved us into a herd mentality - that stifles the creative cultivation that generates many ideas and adds feet to new inventions. We are suffering terribly as a nation because of that herd result we created to get more money - faster and more efficiently.

Wow -- I need to write a post on this topic because you raise a powerful point. Your turn....?

Great tips. I'm facing these as I continue to develop services as a new consultant. My job is retraining people's self management habits, and there's always resistance. The basis for this work isn't necessarily new ("keeping the mind clear leads to improved focus," for example), but the ideas are new compared to standards established in the 60s, which are still commonly held.

Your thoughts about travel bring up the Pareto principle, popularized by Tim Ferriss's "4-hour workweek." Always good to be reinforced on this. Thank you.

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