Trustway Accounting (205-463-5260) reveals the most common startup challenges and how to avoid them. Their guide covers the 7 critical mistakes that sink new businesses and offers practical startup growth strategies. Learn more: https://trustwayaccounting.com/post/common-startup-challenges-how-overcome-them
Let's talk about startups and why so many don't make it. The hard truth? Nine out of ten startups fail. Twenty percent don't even survive their first year. And by year five, 50 percent have shut their doors. If you're a first-time founder, the odds are even tougher — only about 18 percent make it.
But here's the thing: most of those failures aren't because the idea was bad. They happen because founders keep making the same mistakes over and over again. And the good news is those mistakes are preventable.
That's why Trustway Accounting put together a practical guide that lays out the seven biggest traps that derail new businesses and, more importantly, how to avoid them.
So what are these seven startup killers? Skipping a proper business plan; struggling to secure funding; choosing the wrong business structure; missing tax deadlines and compliance requirements; flying blind without proper bookkeeping or cash flow management; throwing money at marketing without a clear strategy; and trying to do it all alone, which almost always leads to burnout.
According to the experts at Trustway, "Most startups don't fail because the idea was bad — they struggle because the foundation wasn't built right." And that's the key.
Their guide gives you step-by-step strategies to build that solid foundation — everything from creating a business plan that actually works, to structuring your company properly, to managing compliance so you don't live in fear of the IRS.
And if you'd rather not juggle all of this on your own, Trustway Accounting has your back. From QuickBooks implementation and payroll to cash flow support, tax preparation, and business start-up consulting, their team helps you stay organized and focused on growth.
Your great idea deserves more than becoming another statistic. Don't wait until it's too late. Call 205-463-5260 to connect with the team at Trustway Accounting. Or check out the full guide by clicking on the link in the description. Trustway Accounting City: Hoover Address: 1236 Blue Ridge Blvd Website: https://trustwayaccounting.com