start-up small business

Tackling Business Start-up Problems

Sema Fongod of identifies the key challenges faced by new companies and potential solutions to each. Starting a business can be an exhilarating yet intimidating challenge. Hundreds of new businesses are started every other day across a range of industries. However, the dissatisfying fact is that start-up businesses have a very high failure rate, with as many as 1 in 3 failing in their first three years – one of the main reasons being poor planning or a total lack of it. Behind every successful business came a handful of errors so do not be put off if your small business is experiencing a downturn in its initial years. Identifying the start-up challenges is one thing; but coming up with contingency measures will increase your odds for success. Having 100% confidenc... »