Starting a new business is no small endeavour. Read more: https://marklyttleton.co.uk/pitching-tips-for-entrepreneurs

1. T H E B I G G E S T C H A L L E N G E S
START-UPS FACE
IN 2023

2. M A R K L Y T T L E T O N
2
Starting a new business is no small endeavour.
Founders face a variety of different obstacles
when starting out, from lack of funding to
choosing the right marketing routes to reach
the right audience.

3. 3
M A R K L Y T T L E T O N
Bureaucracy. Government regulations
and red tape can be a minefield
for founders trying to establish
their company. However, many
governments have programmes in
place to help entrepreneurs navigate
the regulatory landscape.
Some of the biggest obstacles faced by
new businesses in 2023 include:
Access to finance. Obtaining a bank
loan can be difficult for business in
the current economic climate, but
particularly for one with no collateral
or track record. Even if the bank is
prepared to offer a loan, interest rates
can be prohibitively high. It is for this
reason that many startups pursue other
funding routes, such as crowd funding,
or bringing some angel investors on
board.
Bureaucracy. Government regulations
and red tape can be a minefield for
founders trying to establish their
company. However, many governments
have programmes in place to help
entrepreneurs navigate the regulatory
landscape.
Lack of talent. Another common
challenge for new startups is difficulty
recruiting the right people. With limited
resources, it can be challenging for
startups to reach and retain top talent.
Some young companies offer stock
options to try to increase their allure,
providingemployeeswithanincentiveto
give their all to help grow the company.

4. M A R K L Y T T L E T O N .
LEARN MORE ABOUT
WHAT IT TAKES TO ESTABLISH AND GROW A NEW BUSINESS BY VISITING THE
BLOG OF ANGEL INVESTOR AND BUSINESS MENTOR MARK LYTTLETON.