What Challenges Do Entrepreneurs Face in Achieving Profits?
Entrepreneurs may encounter various challenges in their pursuit of profits, such as:
High initial costs: Starting a business often involves significant upfront investment, which can strain finances. Market competition: Competing with established players can make it difficult to capture market share. Uncertain demand: Fluctuations in customer demand can impact sales and profitability. Regulatory hurdles: Navigating regulatory requirements and compliance can add to business costs. Access to capital: Securing funding for growth initiatives can be challenging for new and small businesses.