R&D can be challenging, particularly for startups and small businesses:
Financial Constraints: R&D can be expensive, and securing funding can be difficult for new ventures. Risk of Failure: Not all R&D efforts lead to successful outcomes, which can be discouraging. Time-Consuming: R&D can take a considerable amount of time, delaying the launch of new products or services. Lack of Expertise: New entrepreneurs may lack the technical knowledge or experience needed to conduct effective R&D.