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Problems that new startup business do face
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[QUOTE="Shaf, post: 278315, member: 25467"] Starting a new business is a daunting challenge and statistics show that most of them actually never get to succeed. One of the most crushing problems in new startups I've seen is insufficient funds. You will need to make purchases, pay salaries, and still try to pay back loans if that's what you used as initial capital. Without sufficient funds to run things, especially those that were not budgeted for in the planning stage, a new business would definitely face a lot of setbacks. Another is lack of experience. Most people who venture into business have no idea what it takes. The expectations is that you can work when you want and make a lot of money to live life in a short time. When this fails to be true, many of them throw in the towel and never look back. These people are the ones who discourage others from doing business without realizing that the fault was majorly their own. [/QUOTE]
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