Business start up and growing businesses face a range of challenges. As a business grows, different problems and opportunities demand different solutions, what worked a year ago might now be not the best approach. All too often, avoidable mistakes turn what could have been a great business into an also-ran.

Recognizing and overcoming the common challenges of business start up and growing businesses is essential if you want your business to continue to grow and thrive. Crucially, you need to ensure that the steps you take today don’t themselves create additional problems for the future. Effective leadership will help you make the most of the opportunities, creating sustainable growth for the future.

It is undoubted that growth is the goal of every business owner. But what many entrepreneurs fail to take into account is the need to build systems and have the right people in place to help clear the many hurdles that emerge as a company expands from a few people to dozens, to hundreds or even thousands. And if that expansion process plays out too quickly, it can spell operational doom for even the savviest entrepreneurs.
Startups are usually faced with monopolistic businesses that have dominated the market, making it difficult for newcomers to emerge and and the countless startups that are launched regularly in the market having innovative ideas. However, this guide highlights the particular risks, mistakes and challenges of business start up that most commonly affect growing businesses and the solution to these challenges. They includes:

Ability to Keep up with the Market Trend
Ability to Provide Useful Insights
Ability to Adopt New Strategies
Cash flow and financial management
Businesses Problem Solving
The right systems
Skills and attitudes
Accepting Change
Source: https://www.investorstipster.com/challenges-of-business-start-up/