Top 37 Key Challenges Your Startup Should Expect

By Thomas Oppong

1. Launch stage: finding customers BEFORE you start your company.
2. Incorporating, Accounting, Legal ramifications, contracts
3. Finding the first customers
4. Evolving from being a doer to a manager of employees and then eventually to a manager of managers
5. Having the discipline to maintain a narrow strategic focus
6. Transitioning from owner to leader
7. Confronting  impending growth
8. Choosing right kind of investors
9. Having a team that work together well
10. Delays in processing intellectual property protection claims
11. Requirements changed in the middle of the cycle
12. Managing cash flow effectively
13. Managing customer their expectations
14. Financial .There will always not be enough cash
15. Keeping communications open
16. Lack of ecosystems and networks to support your startup
17. Founder conflicts on roles and tasks
18. Sticking to Product schedules
19. Team conflict
20. Building and growing a customer base
21. Finding the funding required for your business startup costs
22. Scaling your business
23. Delay in milestones delivery
24. Loss of focus.
25. Having the right business leadership skills
26. Creating a business not a job
27. Too small a database
28. Pitching the business plan with confidence to people who can help.
29. Salary.Making sure you pay yourself first.
30. Finding enough customers willing to pay for a service/product
31. Finding suitable office space in a good location
32. Gaining marketplace acceptance and penetration
33. Support – from your family, friends and customers.
34. Concentration on th BIG picture at the detriment of the details
35. Getting overwhelmed by growth
36. Running out of funds
37. Completing a sound business plan.

SOURCE: www.alltopstartup.com