BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Low status
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Custom of people
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Both
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None
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Detailed explanation-1: -Four common barriers to entrepreneurship can be identified – inability to access finance, lack of human capital, lack of social capital and discrimination.
Detailed explanation-2: -Undoubtedly, one of the main difficulties for social entrepreneurship is the lack of financial and human resources (Braga, Proença, & Ferreira, 2014; Peredo & McLean, 2006).
Detailed explanation-3: -Inadequate Market Experience One of the most common barriers that are faced by many entrepreneurs is not having adequate knowledge about the respective field of their business. An entrepreneur must have enough experience related to the industry by working in the required sector.
Detailed explanation-4: -Barriers of entrepreneurship : Fear of not to be a success. No strategic plan in place. Human resources issues. Stringent rules and regulations of the market.