1. FinancingFinancing is one of the key aspects to have when starting a small business. But it's the hardest feature to get. Small businesses find it difficult to find capital to start their business, in an economy like South Africa the cost of capital could change instantly depending on the business. This applies to both large and small businesses. Large businesses are still looking for investors to provide them with the right resources and will face a loss that will require them to invest more capital. Small businesses and business owners may not have enough money to get started and will need to take out a loan or find partners. Having a loan is very risky. In terms that the business may fail and you will have to repay the loan with interest, and with the increase in percentage interest rates you will be in debt for a very long time. Financing is a key solid foundation for any business. Failure to provide the right amount falls into one of many categories. If you provide too little capital to the business, you put yourself at risk of running out of resources very quickly. This comes into play in managing the resources you have so you know exactly how much funding you need. But having the right amount of money anyway might not change anything. As the economy develops or prices rise and fall, you may need to invest more money in the business. It's not an exact figure, but a figure you can work around. Financing is one of the many challenges that all new businesses face. The challenge of taking the risk of investing your own money in the business and losing everything, or finding partners who will take a portion of your earnings. This challenge actually causes many owners to not go into business or go out of business right away…halfway through the paper…and they may have to deal with many challenges that they are not familiar with that could cause disruption in the business.Poor team of management means poor execution. This can lead to lost profits as manufactured products are not developed quickly on time due to lack of productivity. Productivity is one of the most important challenges small startups face. It can be overcome by increasing the efficiency of the time spent in correct management. Hiring a weak team will make your business weak. There is a well-known saying: “A players hire A players, while B players can only hire C players (because B players don't want to work for other B players)”. A strong team will lead to a strong business. The challenges that team management faces may depend on the people you hire and the leader responsible. To be the best you have to be with the best. And ride it to the best of your ability.