What have been your biggest challenges in starting a business?
What are some of the biggest challenges and learning curves you have experienced on your business journey?
Marketing. Was a huge learning curve. And I don't enjoy the tasks.
I would say knowing all the licensing and permits needed as well as which paper work is important and when it needs filed. Paper work is my largest enemy.
1. Growing sales further. Our sales are up 150% year-on-year, but higher would be better.
2. Warehousing. Since recently, we've been using a fulfilment warehouse (Brisbane Logistics). It works pretty well except that their Toll delivery charges aren't cheap compared to FastWay. However, the rent charges only seem economical for our best selling products, not the slower moving products.
So the less-popular products are still stored at home, while the popular products are warehoused. So we're only half-way to being a properly warehoused business.