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Welcome to this week’s Entrepreneur Express Tip! In today’s tip we are talking about seven common business owner problems. Number one is lack of cash flow. This is a big challenge with business owners and I'm sure you’ve been there - and if you haven’t been there, you will be there one day. You’re always going to go through different growth stages of cash flow management and it’s important to have the right tools and resources in place (even ones you don’t know are out there yet) to assist you through the various stages of your business. Number two is marketing and advertising. This is about knowing where to spend your money and the right resources you should engage to help you grow. Oftentimes marketing vendors will promise they are a magic wand and it can disappoint. It’s important to have somebody on your side and looking out for you - somebody who can guide you to meet your objectives and goals for your business. Number three is managing your time. This one is big because time management for business owners is tough and your time is golden. You need to make sure you are using the right tools to manage your time so you can be the most effective in your business. Number four is performing administrative work. Leadership is getting things done through others and you need to have the right person on your team that you are able to delegate tasks that you shouldn't be doing to, like administrative work. Hiring an assistant is crucial for you and your business. Number five is hiring and retaining top talent. This goes hand in hand with delegating and hiring an assistant. Right now, hiring is the biggest challenge and pain point for entrepreneurs. If you do not have an interview process or a hiring process, you need to establish one. Number six is providing the different management benefits. As a business owner, you need to know what benefits to offer, be able to navigate through all the regulations, and understand what a benefits package looks like. I am an objective soundboard for you with the resources and a network that can help you. You don’t need to make decisions by yourself, I can help you. You don’t have to do this alone and I'm just here to take you to the next level.

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