Risks of Starting a New Business

Financial Uncertainty

Starting a new business involves financial risks, including initial investment and potential losses

Market Competition

New businesses often face fierce competition, making challenging to attract, retain customers

Limited Resources

Starting with limited resources can restrict ability to hire skilled employees, invest in marketing

Uncertain Demand

It's difficult to predict consumer demand accurately and a lack of demand for your product 

Regulatory Compliance

Navigating complex regulations and legal requirements can be daunting for new businesses