What are the main challenges faced by startups in 2023

[Stardom22]

They don't have enough time or resources to focus on their core business operations. This is simply because they overlook important details which leads to mistakes in accounting, human resources and other departments.

 

[Bisolami]

They don't have enough time or resources to focus on their core business operations. This is simply because they overlook important details which leads to mistakes in accounting, human resources and other departments.

That's true
If you don't have enough time to focus on your business, the business will surely fail

 

[eldavis]

I think one major challenge most people face when it comes to starting a business is the business to start and the capital to start it. This has always been the issue.

 

[Heatman]

Some businesses suffer security risk in my country depending on the part of country where the person you want to start the business especially in the northern part of Nigeria.

 

[Reedex]

The major challenges that is faced by start-ups in business is capital related.

 

[IB D]

I think the major problems faced by startups is unrealistic expectations and a lack of a clear understanding of how the business world works. That is why they easily get frustrated and abandon their business visions.

 

[Shavkat]

I think that main problem is the startup capital. It needs a huge amount of money to have a business on the spot. It needs more time to save money before pursuing the venture in business.

 

[aovurevu]

They don't have enough time or resources to focus on their core business operations. This is simply because they overlook important details which leads to mistakes in accounting, human resources and other departments.

Yeah , you are very right, some startups lacks core staffs like the human resources and so on which may make it difficult for them to get it right at first , some people are actually willing to work with startups as volunteers just to gain experience in the desired role.

 

[Stardom22]

The startups of nowadays face very stiff competition from the competitive market and other bigger businesses. To curb this then they must increase the capital for the Businesses for sure.