5 Problems Most Entrepreneurs Face and how Warneo, The African Fiverr can solve them for you.
Tags: Entrepreneurship, Fiverr, Side Hustle, Unemployment, Warneo

5 Problems Most Entrepreneurs Face and how Warneo, The African Fiverr can solve them for you. Warneo Apr 6·4 min read

Many small businesses open their doors every year, and with the pandemic wreaking economic havoc a wealth of opportunities for flexible individuals has been created as the traditional job market destabilised with the COVID-19 induced economic downturn. Twenty-twenty twenty twenty-one, is the epoch of the entrepreneur, as changing landscapes mean new market spaces opened up and lots of people with lots of more free time to follow their passions.

This been said, there should be a lot more caution exercised According to Chris Darrol the CEO of SBP, 70% of emerging small businesses in South Africa fail within their first two years of operation. the U.S. Bureau of Labour Statistics, puts the US numbers at a third.

The Small Business Institute (SBI) claims that there are 5.6 million Small or medium enterprises of which 3.3-million were ‘survivalist businesses, 1.7 million micro-enterprises and 554,000 small enterprises. And while 98.5% of the country’s economy is made up of small and medium-sized enterprises (SMEs), they’re only delivering 28% of all jobs.

The owners of all these businesses must overcome common obstacles that exist independent of their specific industries.

When running a small business, the most valuable resource is almost always time. The multitude of small, time-consuming headaches owners have to deal with often compound into large-scale nightmares. While entrepreneurs might think they need to accept some of these hassles as part of the job description, there are easier and better ways to handle them: In fact, according to a survey was undertaken by Donna Rachelson, chief executive officer of Seed Engine The top five challenges entrepreneurs faced were:

· Finding clients or customers (47%);

· Inability to raise funds (43%);

· Lack of guidance (31%);

· Wearing too many hats/ doing too many things (30%); and

· Slow or lost sales (21%).

All Five challenges are selling points that listing your business on Warneo can help with

1. Payment processing.

Whether you’re a brick-and-mortar business or an e-commerce site, payment processing can be a struggle. PCI compliance, quick chip technology, and security at the point of sale must all be taken into consideration.

Warneo provides payment solutions that meet compliance regulations and other security requirements, saving you the trouble of putting something together and then having to monitor it constantly.

2. Accounting.

Very few entrepreneurs go into business because of a love of bookkeeping, and it continues to be a source of anxiety for many small business owners. In the United States, a study found that more than 80 percent of failed businesses went under thanks to cash flow problems.

Warneo provides statistics that can help you to stay on top of the books so that you have more time to actually run your business, allowing you to focus your limited attention on things that can really make your business stand out.

3. Social media management.

Online Marketing is a staple for companies of all sizes, because it works. Let Warneo shoulder that burden, by tirelessly marketing the site, a rising tide will lift all boats. Their presence on various social media platforms will allow your small businesses to reach large audiences, enables them to better connect with customers.

The Drum reports the number of consumers whose purchases were influenced by Facebook rose from 36 percent in 2014 to 52 percent in 2015. The rise in the influence of social media also means that it can be a source of PR disasters for companies that fail to properly implement a management strategy.

4. Website maintenance.

There’s no doubt you’re smart enough to work on your own website, but unless you have a wealth of web development experience, it’s probably not worth your time. You doubtless have work you could be doing for clients, so focus on that and task a professional with keeping your site looking and performing its best, leave it to Warneo.

5. Lack of Guidance

Warneo is developing ‘Owners corner’ a portal where a knowledge base of skills necessary for running a successful business can be accessed, straight from the site. And if you need to hire more people or just need an expert in a certain field, in which case they’re probably worried about their new hire costing a fortune.

You should be able to rely on Warneo to source experts temporarily without burning through your budget in a matter of days.

Running a small business comes with plenty of challenges, and that’s part of what makes it such an exciting experience. Still, there’s no need to make it more difficult than it has to be. Look to Warneo to give you a much-needed respite from the slew of issues you have to deal with on a daily basis.