No matter how well you plan or how far ahead you think, unexpected expenses and market shifts will catch you out. Then thinking on your feet alone will determine whether your company survives.
Female entrepreneurs are growing in numbers, but without access to appropriate funding many start-ups will find it difficult to grow their businesses, regardless of whether there's a man or woman at the helm. Fortunately, access to funds for female entrepreneurs is improving thanks to government and private enterprises.
While a great idea or product may put your emerging growth company in the running, breaking away from the crowd does take a significant amount of homework.
Showcasing that you have an innovative idea, understand your market need and have a talented team can get you in the door with the right potential partner.
Raquel Tavares had just finished raising a round of funding -- and then her team looked at the company's numbers and realized they were almost out of money.