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1. Insufficient planning: To start a successful business, it is important to create a detailed plan that includes strategic goals, market, finances, resources and strategies for implementation.
2. Insufficient financial knowledge: In order to start and run a business, it is necessary to have a basic understanding of finance and financial accounting. It is important to learn about different financing options and create a financial plan.
3. Insufficient marketing knowledge: A successful business is based on a good marketing strategy and a solid brand. Therefore, it is important to learn about different marketing channels and techniques and create a strategy that fits the company's goals.
4. Insufficient legal knowledge: Starting a business requires a good understanding of the applicable laws. Therefore, it is important to consult a lawyer and learn about the legal aspects of the business before putting the startup into action.