Stumbling Blocks Listed below are common stumbling blocks for start-up businesses. This is the most common problem. Failing to plan is planning to fail.
Thorough preparation can make a huge difference.
Inadequate Funding Missing or not thinking about many costs is easy when estimating start-up requirements. Remember amounts for renovations, utility deposits, signs, advertising, attorney and accountant expenses, insurance, inventory, and working capital. There are many additional costs to consider. Not Maintained Failing to keep adequate records can cause a severe handicap to the business. Your accounting system must be designed to fit your particular business needs.