8 mo
Young businesses can face several difficulties when starting out. Here are some of the main difficulties they may face: 1. Initial Funding: Obtaining initial funding to start the business can be difficult, whether through loans, seed capital or investors. 2. Financial Management: Managing finances can be a major challenge, especially for novice entrepreneurs. Balancing liquidity needs, controlling costs and ensuring financially sustainable growth can be challenging. 3. Customer Development: Acquiring the first customers and establishing a loyal customer base is often a challenge, especially in a competitive market. 4. Marketing and Sales Strategy: Developing an effective marketing...