What are the Challenges Faced by Small Business Entrepreneurs?
1. Financial Constraints: Limited access to funding and cash flow management can be significant hurdles. 2. Market Competition: Competing with larger businesses and other small enterprises can be challenging. 3. Resource Limitations: Small businesses often operate with fewer resources, including manpower and technology. 4. Regulatory Compliance: Navigating legal requirements and regulations can be complex and time-consuming. 5. Customer Acquisition: Building a customer base from scratch requires effective marketing and customer service strategies.