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As your business grows there are many challenges it could face; some will be unforeseeable, in which case you will need to deal with them when they happen (and pretending to be an ostrich does not count). Others, however, are foreseeable and the important thing is to try to address these before they occur.
Some of the forseeable challenges include:
Efficient cash flow management:
Finding the right people
Do you have the right business structure?
If you are operating as a sole trader or partnership, you may need to give some thought to whether you should be formalising a new business structure; such as incorporating and becoming a limited company. There is a quick guide and video on the business start-up section of our website that gives you with an overview of the options.