Everybody hopes to achieve the American Dream — although the definition of that dream varies from person to person.
While pursuing your own personal goals, it is inevitable that you will occasionally run into obstacles. Recently, web hosting company GoDaddy asked more than 1,000 small-business owners to name their own personal roadblocks to the American Dream.
The entrepreneurs cited the following obstacles that must be overcome on the way to success.
4. Lack of access to free/affordable health care
As any self-employed person can tell you, accessing affordable health care is one of the biggest challenges of starting a business.
Passage of the Affordable Care Act has made it much easier to secure health insurance coverage, though. For more on cutting health care costs, learn about the “12 Ways to Save Money on Health Care.”
3. Lack of access to technology
As the buzz around artificial intelligence reminds us, technology has become a part of nearly every aspect of our lives. Without access to the right technology, a business is likely to fall behind its competitors fast.
2. Difficulty accessing financial capital
Financial capital is the lifeblood of a business. Without access to funding, a business is not likely to survive for long.
1. Inflation
Small-business owners — like everyone else — worry about inflation. An overwhelming 4 in 5 say rising costs are an obstacle to achieving the American Dream.
There is no way that individuals can control prices. But you can still employ the “10 Sure-Fire Ways to Beat Inflation.”
