The most comprehensive list of the challenges that entrepreneur face while managing and growing their business:

Cash flow management: It is the process of tracking how much money is coming into and going out of your business.

Responding to competition: Understanding what your customers want and reacting to their needs quicker than your competitors can give you a crucial advantage in a tough market.

Nurturing a great company culture: Building a unique, positive culture is one of the best – and simplest – ways to get your employees to invest their talent and future with your company.

Learning when to delegate and when to get involved: Entrepreneurs need to get personally involved in specific decisions, such as big-picture strategic planning and hiring for key positions. Then there are times where it is important to delegate and trust that your managers will make the best decision.

Keeping up with market changes: Internalize the idea that disruption is the new normal and work on training your employees to be agile in the face of uncertainty.

Deciding when to abandon a strategy: Sometimes marketing channels that seemed full of potential don't pan out and new product lines don't catch on as anticipated. Failures are an important part of business growth and owners must train themselves to recognize where they occur, divert resources accordingly and learn from those mistakes.

Question to Consider: 

1. What are some of the special problems that small business owners have while managing and growing their business?