No strategic direction or vision. It all starts at the top with the CEO/Founder, who is inexperienced, lacks focus and struggles with fundamental business issues. He struggles to make decisions and communicate to the company - as a result, the rest of the teams are paralyzed due to his indecision. The CEO constantly changes direction and chases each shiny object that comes his way.
Also, not much opportunity for growth on both the professional development side and the financial side. No salary increases and no performance-based incentives. And the leadership team does not invest in growth opportunities for their team members.