Event leaders face four primary challenges - time management, finances, technology, and human resources. Effective time management requires setting priorities, distinguishing urgent vs important tasks, and finding a balance between work and personal life. Financial management involves setting goals, seeking advice, using technology efficiently, regularly reviewing finances, and controlling overhead. As technology advances rapidly, event leaders must identify organizational needs, select and implement appropriate technologies, and provide training while adapting to new technologies. Finally, mastering human resources requires hiring the right people and empowering them to make important decisions.