What Challenges Do Entrepreneurs Face in Acquiring Resources?
Entrepreneurs often face several challenges when trying to acquire adequate resources:
Limited Funding: Securing initial funding can be challenging, especially for entrepreneurs without a track record. Talent Acquisition: Attracting and retaining skilled employees can be difficult, particularly for startups that may not be able to offer competitive salaries initially. Market Competition: Established competitors with more resources can make it challenging for new entrants to gain market share. Regulatory Hurdles: Navigating legal and regulatory requirements can be time-consuming and costly.