• It all depends on what type of business. The challenges faced with opening a restaurant are much different than opening a clothing store. Check with your local business incubator.
  • The challenges faced when setting up a business totally depends on the type of business you are setting up. Some of the challenges are: Capital. Hiring employees. Time management. Delegating tasks. ... Choosing what to sell. Marketing strategy. Strapped budget.
  • Accepting tha fact that for about 3 years you'll be in the red!

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