Creating a startup can have its ups and downs. Most entrepreneurs are bound to run into problems at some point. Sometimes the scariest part about starting a new business is the unknown obstacles. But not anymore. Startup Struggles by Clarity details the “most common challenges entrepreneurs face today” in this infographic.
According to the infographic, slow sales and unpredictable conditions are the top problems entrepreneurs encounter. Information on the top three struggles is then listed. Struggles with customer retention, lead nurturing and obtaining credit are all represented with various retention rates, response time and reasons for being denied, respectively. Startup Struggles also includes some shocking statistics. For example, 20% of business owners didn’t apply for funding out of fear of having the application denied. Startup Struggles is a great source of information for entrepreneurs at any stage of development, in able to know what may lie ahead.