It goes without saying that starting a new business comes with unexpected challenges and hurdles along the way. Despite the best-laid plans and attempts at preparation, here are three significant challenges that permeated the early months of my startup and are worth keeping in mind for those who also intend to branch out and start their own businesses.
1. Money will be tight
When going out on our own, I spoke with many of our clients and told them of the transition. After those calls, I’d estimated that we would retain about 75% of our initial clients. However, only about 50% followed us to our new company for various reasons.
