How Do Technological Advancements Impact Entrepreneurship?
Technological advancements often act as a double-edged sword in the realm of entrepreneurship. On one hand, they create new business opportunities by introducing innovative products and services. On the other hand, they can disrupt existing markets and render certain business models obsolete. Entrepreneurs must be proactive in adopting new technologies to stay competitive. Innovations such as artificial intelligence, blockchain, and the Internet of Things (IoT) are transforming industries and creating new avenues for startups.