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Business coaching and the personal development and self-help industry is considered to be one of the booming industries today.

People don't know how hard it is to have your own business.

What we learned several years ago was that one of our weaknesses would be if we didn't develop enough people with the know-how to run our company, it would come to the point where we would just stop.

Like any small business owner, I experienced the pressures of building a company from the ground up - developing a business plan, balancing the books, meeting payroll and building a customer base.

When I had challenges, it taught me to be more on top of it for the future. Things go wrong all the time when you're running your own business, but it's how you perceive it and deal with it that matters.

Believe it or not, the biggest obstacle for a business owner with any size business is the internal response to the question - 'Now what?' Often this question is followed by a - deer in the headlights - response, which is then followed by stagnation. Following stagnation comes fear.

You have to stick out the toughness of the business and form relationships with the people in it.

For those working menial jobs or putting in 100-hour weeks for corporations, the lure of starting your own business can seem like a great way to get more flexibility, upside, and ownership.

I've always challenged myself and the people who work with me to take new approaches to traditional business challenges, to push the envelope and constantly ask whether our sacred cows are still producing great milk.

Business is a string of seemingly impossible problems looking for solutions. Each problem you solve creates a new barrier to entry for your next competitor.