As a mentor to entrepreneurs, I tend to see many of the same obstacles appearing in every new startup, and since I don’t want to appear to be a downer, I’m not sure how to properly warn people ahead of time to be on the alert for these challenges. In fact, since most entrepreneurs are eternal optimists anyway, they would never believe any negative scenarios could happen to them.
Yet, in the interest of full disclosure, and an honest intent to save future entrepreneurs some grief and money, I would remind you that starting any business has key dependencies on at least five major elements, including product design and delivery, the right people on the team, adequate funding, a sizable market opportunity, and marketing. Each of these can go astray as follows:
Image: https://blog.startupprofessionals.com
