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