Common Obstacles to Business Growth

Common Obstacles to Business Growth

Editors Note: Expert content needs an expert content writer and Yorkshire Powerhouse is pleased to publish this business advice article on growing a business, kindly written by a real expert in his field – Richard Charlesworth from Charlesworth Business Growth Services.

Please consider contacting Richard for any aspect of business growth – just click on the advert links above or below – and please mention Yorkshire Powerhouse if you do make contact.

Think of the usual obstacles to business growth encountered by small businesses and a few standard responses spring to mind.

First of all, there’s the usual one that some small businesses are, by their nature, ‘cottage industries’. OK, so it’s true that many businesses are founded almost literally at the kitchen table and, as such, some of the founders have no wish to expand the business further. These businesses are often referred to as ‘lifestyle businesses’ because, in essence, they fund their founder’s lifestyle.

Other businesses are more disruptive. In other words, they bring a new concept or idea into the market segment and, as a result, they alter the established status quo within the sector. These so-called ‘disruptors’ have a higher than average failure rate but, if they succeed, they do so in a very powerful way, often earning their founders and investors huge sums of money. Think Microsoft, Air BnB, Google, Uber, Facebook and so on.

But, all these businesses have one thing in common, and that’s the barriers they face in terms of business growth. These early days can be very exciting, very rewarding and, yes, very frustrating. Long hours, no sales, no revenue, little reward, the feelings of isolation and uncertainty and, of course, self-doubt, too.

Overcoming Obstacles to Business Growth

And yet, there can be help at hand. Help in terms of business support, both with expert advice and potentially even funding, as it is principally these two elements where businesses fail. In essence, businesses encounter these obstacles and they either cease to trade or they plateau. And either of those results isn’t the ideal scenario for any business.

Alongside those previously mentioned feelings is the ever-looming possibility of the proprietor or founder becoming ‘burned out’. This is an all too regular occurrence, and one that is frequently precipitated by feelings of lack of support. Again, this is an easily-solved barrier, often tackled very effectively by engagement with mentors, or even joining a business organisation or club. In many cases, the entrepreneur will then discover that he or she is not alone, and that the problem or issue they are encountering is a common one, with potentially multiple remedies.

Another likely obstacle to business growth, and one that has been identified more regularly recently, is that of lack of business focus. Again, this is an issue that can be solved by our two favourite paths, namely business support from expert professionals allied to peer group support or mentorship. In conjunction, these both have the effect of helping to distil solutions, aid clarity of thinking and galvanise growth.

So, the message is clear – the most regularly identified obstacles to business growth are those that can be easily addressed.

Whether you need expert input into your business, funding or personal development, finding a business mentor, coach or other professional support is generally the key to a happy entrepreneur and, as a consequence, a successful business.

Straight talking advice from Yorkshire Powerhouse

Have you any questions?

Here at Yorkshire Powerhouse, we’re happy to help as much as possible – is there anything else we can do to help you, do you have any further questions or can we help introduce you to an expert – please let us know:

"*" indicates required fields

This field is for validation purposes and should be left unchanged.


Employing Your Team? – Your HR essentials

Employing Your Team? – Your HR essentials

Employing staff to grow a business is a natural process but you do need to ensure that you comply with all HR and Employment Law obligations

Thinking of recruiting your new team

Thinking of recruiting your new team

Recruiting staff and getting the right person is a key part of the success you are looking to achieve with your business

The GREAT Yorkshire Directory
Powerhouse Networking

The GREAT Yorkshire Suppliers Directory:

Here are some more of our GREAT suppliers who can help your business with a range of 'growth' services:

Do you need some FREE planning tools to help your business?

Take a look at our download files by clicking this link ...

Would you like to receive more FREE business information?

Recieve our FREE email newsletter...
...just enter your email address here:

You have Successfully Subscribed!