Barriers that entrepreneurs may face while running their ventures (business). Talk to some entrepreneurs in your area and find out. After having spoken with the entrepreneurs, we would have realized that they face a lot of barriers on their path to success. Whether it is lack of knowledge or lack of funding, there are various barriers that can prevent one from pursuing one’s passion for entrepreneurship.
Here are some of the most common barriers.
1. Environmental barriers
One of the biggest barriers that entrepreneurs face is environmental factors. Environmental factors can be many. But the most common ones include the following.
1. Lack of adequate resources or raw material.
2. Non-availability of skilled labour.
3. Lack of requisite machinery and otherinfrastructure.
2. Personal barriers
Establishing any new venture (business) is a risk becausethere is always a fear of what may go wrong. Secondly,finding a suitable team is also a tedious job. A team of careless and non-suitable workers may cause damage to a business.
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