The first challenge for any startup is getting Sales. Getting customers for a new business is very tough. Without paying customers there is no business.
The second challenge is paying salaries to employees. As a startup grows this challenge only grows bigger.
The third challenge is having positive cash flows. If a business is not profitable then there is no point of running it. This is one of the most important things to run a successful business.
But the most important is paying salary to yourself. Most startup founders cant do this in the early years which is probably why most startups close down.
What do you think? Lemme know
