In my experience the biggest challenge to a small business is understanding all of the regulations and how they pertain to them. Navigating the regulatory waters can be very daunting and frankly overwhelming. It is key to have someone you can trust to help you through the start-up phase and beyond. The other thing I see from an accounting standpoint is that owner's tend not to take the time to understand the accounting basics. I'm happy to point you in the right direction if you have questions, check out my website and/or send me a message.