STARTING A BUSINESS
Starting up a business can be challenging and involve a variety of struggles. Here are some of the common struggles that entrepreneurs face:
- Conducting research to identify the target audience and determine what products or services they need can be time-consuming and costly. Without proper research, a startup may launch a product or service that doesn't meet the market demand.
- There may be other businesses offering similar products or services in the same industry, which can make it difficult for a startup to stand out and attract customers.
- Finding the right people to help build and grow a startup can be a challenge, especially if the business is in a competitive industry. Retaining talented employees can also be difficult, especially if the startup is unable to offer competitive salaries and benefits.