Entrepreneurs often face several challenges on the path to profitability:
1. High Initial Costs: Launching a business involves significant initial costs, making it challenging to achieve immediate profitability. 2. Market Competition: Intense competition can lead to price wars, squeezing profit margins. 3. Economic Factors: Economic downturns, changing regulations, and market volatility can impact profitability. 4. Scaling Issues: Rapid growth can sometimes lead to inefficiencies and increased costs, affecting profitability.