To build a good business reputation, you need to follow all the business requirements. Corporate image is the key to success. It is the responsibility of every entrepreneur to convey a positive image of their business to other interested parties. Another reason for his success was his understanding of the value of the peer network. The entrepreneur will never be able to succeed without this network. Relationships with business and financial partners, resources and colleagues should be managed effectively (Hull, 2012). A clear competitive advantage should be developed. The entrepreneur should have done something different in his business than his competitors. Do not deceive customers in any way. Always provide them with the promised product or service. Customers cannot be compromised in any way. Challenges No company can be exempt from challenges. The best approach is to learn from business challenges. I also discussed the challenges the entrepreneur faced during his success. The first was the selection of activities. He faced challenges in selecting the right business. Another challenge he faced was having little funding for his business. He solved this problem by taking a loan from the bank. He has used these challenges positively for his business success (Brwon, 2012).