What Are the Challenges to Achieving Inclusive Growth in Entrepreneurship?
Despite the benefits, achieving inclusive growth in entrepreneurship can be challenging. Some of the common obstacles include:
Access to Capital: Underserved groups often face difficulties in accessing funding, which can hinder their ability to start and scale businesses. Bias and Discrimination: Prejudices and biases can create barriers for diverse entrepreneurs, affecting their chances of success. Lack of Networks: Entrepreneurs from marginalized communities may lack access to valuable networks that can provide support, resources, and opportunities. Regulatory Hurdles: Complex regulations and bureaucratic processes can disproportionately affect small and minority-owned businesses.