Market entry barriers such as high capital requirements, stringent regulations, and established competitors can pose challenges. Entrepreneurs can overcome these barriers by:
Innovative Solutions: Offering unique and innovative products that address unmet needs. Building Relationships: Establishing strong relationships with local partners and stakeholders. Adapting to Local Markets: Customizing products or services to align with local preferences and cultural nuances. Leveraging Technology: Utilizing technology to streamline operations and reduce costs.