What Challenges Do Entrepreneurs Face When Adopting New Technologies?
Despite the benefits, adopting new technologies comes with challenges. One of the primary issues is the initial investment cost, which can be prohibitive for many startups and Small and Medium-sized Enterprises (SMEs). Furthermore, there is often a steep learning curve associated with new tools, necessitating training and sometimes new hires. Entrepreneurs may also face resistance to change from employees or other stakeholders who are accustomed to traditional methods.