Biggest Challenges Faced By A President And Owner At Hiller Enterprise Inc
Michael, President/Owner at Hiller Enterprise, Inc., identifies "collections" as the biggest challenge for any entrepreneur, highlighting the difficulties in collecting payments from clients and the current hiring shortage impacting the industry. The evolving landscape, with factors like AI and international business impacting workflow, adds further complexity to these core challenges.
Executive/Leadership, Overcoming Challenges, Industry Realities, Workplace Challenges, Hiring and Retention
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Michael Hiller
President/Owner
Hiller Enterprise, Inc.
University of Arizona 2011 & UCLA Extension 2015
UCLA Extension 2015
Communications, Accounting
Consulting & Related Professional Services, Real Estate
Entrepreneurship and Business Owner
None Applicable
Video Highlights
1. Collections from clients are a major challenge for entrepreneurs.
2. The industry faces a shortage of skilled professionals, making hiring difficult.
3. Entrepreneurs must adapt to changes brought on by AI and the shift towards foreign business collaborations.
Transcript
What is your biggest challenge in your current role?
I'm going to tell you the biggest challenge for any entrepreneur in any industry will always be collections. No one likes the task of collecting from clients, and hiring professionals is another challenge.
There is a shortage in the industry, and hiring is also one of the big issues right now because of this shortage. With the older generation moving into retirement, there aren't enough people to replace them.
Now we're facing some bigger issues with AI and distributing work to foreign businesses. A lot of changes are coming.