What Challenges Do Entrepreneurs Face in the Economic Context?
While entrepreneurship offers numerous benefits, it also comes with challenges that can impact economic performance:
Access to Capital: Securing funding is often a significant hurdle for new businesses. Entrepreneurs may struggle to find investors or obtain loans. Regulatory Environment: Navigating the complexities of the regulatory landscape can be daunting, particularly for small businesses. Market Competition: Intense competition can make it difficult for new businesses to establish themselves and thrive. Economic Uncertainty: Fluctuations in the economy, such as recessions or inflation, can pose significant risks to entrepreneurial ventures.