Failure to create a business plan with clear goals and strategies.
Neglecting to research target market needs and preferences.
Mismanaging finances, underestimating costs, or failing to secure funding.
Failing to hire skilled and reliable employees, or hiring too many too soon.
Growing too quickly or taking on too much debt, leading to financial strain.
Inability to pivot and adjust to changes in the market or industry.
Failing to listen to and prioritize customer feedback and needs.
Failing to analyze and respond to competitors' strategies and strengths.