What are the Challenges of Sustainable Entrepreneurship?
Sustainable entrepreneurship comes with its own set of challenges:
- Cost: Implementing sustainable practices can be costly initially. Entrepreneurs may face higher costs for sustainable materials or technologies, which can be a barrier for startups with limited capital.
- Market Acceptance: It may take time for the market to fully embrace sustainable products, particularly if they are more expensive than traditional alternatives.
- Regulatory Hurdles: Navigating the complex landscape of environmental regulations can be daunting, especially for small businesses without the resources to hire specialized compliance teams.