How Do Resource Imbalances Affect Entrepreneurship?
Resource imbalances can have several adverse effects on entrepreneurial ventures:
Stunted Growth: Limited resources can restrict the ability of a business to scale, impacting its long-term viability. Poor Decision-Making: Lack of expertise or advice can lead to suboptimal business decisions, affecting overall performance. Increased Stress: Entrepreneurs may face heightened stress and burnout due to the constant struggle to manage resource constraints. Competitive Disadvantage: Resource imbalances can put entrepreneurs at a competitive disadvantage, making it difficult to compete with well-resourced rivals.