1. Stiff competition
Due to factors like lack of innovation and creativity .
2. Estimating marketing demand
One is for for inti conducting the market first
3. Estmating the start up and operating capital
Start up- initial capital to start up a business.
Operating capital- is for the continuining/progress of business
4. Meeting collateral requirement
Include things like Tittle deed or log book
5. Meeting legal requirement
Include lincensing and educational skills