While the benefits of sustainable businesses are significant, they also face several challenges:
Higher Initial Costs: Implementing sustainable practices often requires an initial investment in new technologies, materials, and processes. Market Competition: Competing with traditional businesses that may not adhere to sustainable practices can be challenging, especially in price-sensitive markets. Regulatory Compliance: Navigating the complex landscape of environmental regulations can be daunting for new entrepreneurs. Consumer Awareness: Educating consumers about the value of sustainable products and practices can be a time-consuming and ongoing effort.