What Challenges Do Entrepreneurs Face in Accessing Funding?
Some common challenges include:
Lack of Collateral: Traditional lenders often require collateral, which many startups lack. High Competition: The competition for venture capital and angel investment can be fierce. Limited Track Record: New entrepreneurs may struggle to demonstrate a history of success or financial stability. Complex Application Processes: Navigating the application processes for loans or grants can be time-consuming and complex. Investor Skepticism: Investors may be wary of unproven business models or market risks.