What are the Challenges of Technological Innovation in Entrepreneurship?
Despite its benefits, technological innovation comes with challenges:
High Costs: The development and implementation of new technologies can be expensive. Skills Gap: Entrepreneurs may struggle to find talent with the necessary skills to drive innovation. Regulatory Hurdles: Navigating complex regulations can slow down the adoption of new technologies. Cybersecurity Risks: Increased reliance on technology exposes businesses to cyber threats.