What are the biggest challenges of an early stage startup?

These are a few challenges faced by early stage start-ups:

• Not fixing shortcomings: delivering a product that is better than the rest is easier than done and it is myopic not to assess its flaws before finalizing.
• Human capital: building a team of immaculate professionals who provide ingenuity and innovation is essential. A great work ethic is a must.
• Customer retention/acquisition: it is crucial to garner and retain new customers but preference must be given to the latter. It is imperative to keep your customers.
• Setting unrealistic goals surrounding projected growth and valuation.
• Adeptly managing the flow of cash.
• Dealing with legal intricacies.
• Start-ups deal with unfavourable conditions owing to the lack of success and recognition.

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