INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The statements below is the barrier to start up, expect
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Hard Reality
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Compliance costs
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Lack of knowledge
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Lack of resources
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Explanation:
Detailed explanation-1: -According to business owners, reasons for failure include money running out, being in the wrong market, a lack of research, bad partnerships, ineffective marketing, and not being an expert in the industry. Ways to avoid failing include setting goals, accurate research, loving the work, and not quitting.
Detailed explanation-2: -Four common barriers to entrepreneurship can be identified – inability to access finance, lack of human capital, lack of social capital and discrimination.
Detailed explanation-3: -Lack of capacity. Lack of risk-taking capacity. Not having a strategic plan. Issues with human resources. Less or no experience in marketing.
There is 1 question to complete.