As the founder of your startup, you will be expected to come up with the ideas. When a stiff competitor emerges, it will be your responsibility to come up with a quick and effective response plan. When your team hits an impenetrable obstacle, it will be your job to come up with an alternative plan to keep the company moving forward. In a nutshell, you will be expected to be the visionary.
Honestly, this demands on-the-spot creative thinking, which should be an oxymoron, but entrepreneurs rarely have the luxury of time. The less experience you have, the more pressure you will feel from this, and the harder time you will have, coming up with acceptable plans within a very short time. As they say, “practice makes perfect.” As an entrepreneur, you will experience various challenges every day, but don’t let that discourage you to give your very best.
If you can work your way past these challenges, you will be well on your way to establishing yourself as a seasoned entrepreneur. That isn’t to say it gets easier as the years go on, or that new and varied challenges won’t arise. But as you keep working, you’ll build capacity, and be well prepared to handle yourself amidst the craziest challenges and toughest obstacles. And that will put you far ahead of the competition.