What are the Common Sources of Financial Pressure?
Several sources contribute to financial pressure in entrepreneurship, including:
Startup Costs: Initial expenses such as equipment, inventory, and marketing can be substantial. Operational Expenses: Ongoing costs like salaries, rent, and utilities must be met consistently. Debt Repayment: Loans taken to finance the business need to be repaid with interest. Market Fluctuations: Changes in market conditions can affect revenue and profitability. Unexpected Costs: Unforeseen expenses can arise, such as equipment breakdowns or legal issues.