What Challenges Do Entrepreneurs Face in Exploiting Market Opportunities?
Entrepreneurs may face several challenges when exploiting market opportunities, including:
- Resource Constraints: Limited financial, human, and technological resources can hinder the ability to capitalize on opportunities. - Market Uncertainty: Unpredictable market conditions and consumer behavior can make it difficult to gauge the potential success of a new venture. - Competition: High levels of competition can make it challenging to differentiate and capture market share. - Regulatory Barriers: Navigating complex regulatory environments can be time-consuming and costly.