As an entrepreneur, there are several time-consuming tasks that you may have to undertake when starting a new business. Here are some additional tasks that entrepreneurs commonly face:

1. Market Research: Conducting thorough market research is crucial to understand your target audience, competitors, industry trends, and customer needs. This involves analyzing data, conducting surveys, and studying market reports. Market research helps you make informed decisions and develop effective strategies for your business.

Example: Before launching a new fitness app, you would need to research the market demand, competition, pricing, and user preferences. This research will help you identify your unique selling points and tailor your product to meet customer expectations.

2. Product Development: Developing a high-quality product or service requires significant time and effort. This involves designing prototypes, testing, refining, and iterating based on user feedback. Developing a minimum viable product (MVP) is often a starting point to validate your idea and gather user insights.

Example: If you are creating a new mobile application, you would need to invest time in designing the user interface, developing the app, conducting extensive testing, and ensuring it meets quality standards before launching it to the market.

3. Marketing and Advertising: Promoting your business and building brand awareness is crucial for attracting customers. This involves creating a marketing strategy, developing content, managing social media accounts, running advertising campaigns, and optimizing your online presence.

Example: You might spend time creating engaging content for your blog, managing your company's social media accounts, and running targeted ads on platforms like Facebook or Google to reach your target audience.

4. Hiring and Team Building: As your business grows, you may need to recruit talented individuals to fill key positions. This involves writing job descriptions, conducting interviews, negotiating salaries, and onboarding new employees. Building a strong team is essential for the success of your business.

Example: If you are starting a software development company, you would spend time sourcing and interviewing experienced programmers, designers, and project managers to build a skilled team.

5. Financial Management: Keeping track of your finances is crucial for the sustainability of your business. This involves managing budgets, tracking expenses, invoicing clients, handling taxes, and ensuring compliance with financial regulations.

Example: You might spend time setting up accounting software, organizing financial records, and consulting with a tax professional to ensure accurate financial management.

6. Networking and Partnerships: Building relationships with industry peers, potential customers, investors, and partners is essential for business growth. Attending conferences, networking events, and industry meetups can help you establish connections and explore potential collaborations.

Example: You may spend time attending industry conferences, participating in online forums, and reaching out to potential partners or mentors to expand your network.

It's important to note that the specific tasks and their time requirements can vary depending on the nature of your business, industry, and personal circumstances.