It appears that the 3 of the biggest (of many) pain points for us would be the following:
1) Not to get too ‘meta’, but identifying the user’s biggest and most important pain point. We think our solution will address many user pain points, but to be successful and deploy our resources effectively and productively we need to identify and home in on The Paramount Pain Point of the user. Like I said, we know of many, but what hurts most? Often users aren’t even fully conscious of what is most annoying and/or handicapping to them.
2) Managing time effectively. So much to do, so many people to meet, so many conferences to go to — we have to better our time management capabilities.
Yes, (organized) chaos is part and parcel of being an entrepreneur – but flailing and trying to do 1,000,000 at once, will not allow for any of them to succeed.
3) Raising funds. As first-time entrepreneurs not only does our idea have to be good (that is a given), but we have to establish compelling reasons for investors to invest in us as a team.