Startup Struggles: The Most Challenges Entrepreneurs Face Today [As of 2010, original content from Clarity, an online community of entrepreneurs]
Read Also: A Survey on Why Startups Fail
Any entrepreneur’s greatest challenge comes mostly from slow or lost sales, and then from unpredictability of business conditions. Most entrepreneurs majorly focus on gaining new market share, and making new customers that they eventually forget about their existing customers. Retaining the existing customers is enlisted as number one struggle or challenge for entrepreneurs according to this infographic.
Following up on a sales lead and nurturing it to convert it into actual revenue is enlisted at the second number, while obtaining credit remains at the third number for most common challenge for entrepreneurs. The infographic is as follows: