6 Biggest Startup Hurdles

0
2562

Common Struggles in Business
Shares

Some of the most common business issues suffered by new businesses is increasing their customer retention. In the end, this gives you more bang for your buck and allows you to seek additional profit and cash flow. More than 75% of businesses are dramatically affected by low customer retention rates. Having to invest in acquiring a new customer is a lot more than spending the money to keep one. More than half of existing customers are easier to sell to than new ones. Other struggles faces by new businesses is obtaining credit and nurturing leads.