What Challenges Might Entrepreneurs Face in Achieving Efficiency?
Despite the benefits, entrepreneurs may encounter several challenges in their quest for efficiency:
Resistance to Change: Employees and stakeholders may resist changes to established processes. Initial Costs: Investing in new technologies and training can be expensive upfront. Complexity: Streamlining operations can be complex and require significant effort and expertise. Scalability Issues: What works for a small business may not scale effectively as the business grows.