Fortune favours the brave and this is certainly true for those who are trying their hand at launching their own business.
The world of start-ups is certainly a turbulent one. It takes a big heart to leave a secure job to chase your own dreams. Research reveals that there are 50 million start up launched every year globally, which proves that humans are a courageous species. Also, we must remember that every major business today began as a humble start up.
So an entrepreneur must remain valiant, undaunted and ready to face a few basic hurdles which every start up is destined to face when it is in its nascent stages:
- Cut Throat Competition: We might feel that we were the only ones with that brilliant idea the world was waiting for but the truth is that the first and foremost challenge a start up faces is competition. There is always a product, idea or service out there that rivals your own and you must ensure the survival of your startup by constantly proving just how unique your idea or brand is.
- Aiming too High: every entrepreneur believes he is destined to become the next Bill Gates but it is vital to keep your expectations realistic. Having achievable and feasible short term and long term goals is vital. If every entrepreneur hopes for a rags to riches story then he is sure to become disheartened too soon. One must realize that efforts only bear fruit with consistent hard work backed by controlled expectations, an analysis of available resources and a knowledge of market factors.
- The Right Team: The idea might be yours but you will certainly require a qualified and motivated team to designate your tasks to to execute it effectively. Finding and hiring the right man power can make or break your enterprise. It is with experience and a keen eye that one can recruit individuals with similar capabilities and identical focus. After all, team work makes the dream work.
- Trusted Partners: In an ever expanding corporate world, where the survival is only of the fittest, it can be reassuring and bolstering to find the right partners to back you. Yet, one must be astute and choose trustworthy partners who will stand by each other through thick or thin.
- Finances: Last, but certainly not the least, every start up requires investment. The initial investment is massive and may require you to take a loan which would need to be paid off. Then there is investment of an office space, technology, services and utilities to get the ball rolling and provide a conducive working space to your team. This is followed by one of the biggest challenges that startups face today which is financial management.
By renting a serviced office space in Karachi at The Nucleus at Fakhri Trade Centre that promises serviced offices right in the hub of this buzzing metropolis—that’s one major start up challenge you’ve got covered.
The Nucleus will give your start up the perks of furnishing, utilities, air conditioning, internet connections and even printing and fax. With a private or shared office space rented at The Nucleus you get flexible terms for your agreement. You can upsize or downsize your office space as per your needs. The Nucleus aids all ventures by providing access to administrative support in tasks like document collection or arranging couriers as well as optimum security, cleaning and general maintenance. Simply book a visit and let us logistically help you combat all the challenges your start up might face.
