Despite their positive impact, green entrepreneurs face several unique challenges:
- Funding: Securing funding can be challenging, as investors may be hesitant to invest in businesses with higher initial costs or longer return on investment periods. - Market Acceptance: Convincing consumers to pay a premium for sustainable products can be difficult, especially in price-sensitive markets. - Regulatory Barriers: Navigating complex environmental regulations and obtaining necessary certifications can be time-consuming and costly. - Supply Chain Issues: Sourcing sustainable materials and ensuring the sustainability of the entire supply chain can pose significant challenges.