What are the Challenges of Adopting Sustainable Practices?
While there are numerous benefits, entrepreneurs may face challenges when adopting sustainable practices:
1. Initial Costs: The initial investment required for sustainable technologies and practices can be high. 2. Market Acceptance: Some consumers may be resistant to change or unwilling to pay a premium for sustainable products. 3. Supply Chain Complexity: Ensuring that all suppliers and partners adhere to sustainable practices can be challenging. 4. Knowledge and Expertise: Entrepreneurs may lack the necessary knowledge and expertise to implement sustainable practices effectively.