Securing funds is often one of the most challenging aspects of entrepreneurship. Some common challenges include:
Creditworthiness: Many funding sources, especially loans, require a good credit score and collateral. Market Conditions: Economic downturns can make investors and banks more cautious. Competition: High competition for limited resources can make it difficult to secure funding. Pitching: Convincing investors or lenders of the viability of the business often requires a compelling business plan and pitch.