ENTREPRENEURSHIP

Detailed explanation-1: -Many businesses fail due to insufficient capital. Insufficient capital is also known as a lack of. advertising.

Detailed explanation-2: -Lack of capital can result in not having enough to cover overhead expenses, funding expansion opportunities, or launching a new product to market. Here’s a quick look at how a lack of capital could impact your business-growth prospects. Obtaining funding.

Detailed explanation-3: -Many factors go into a business owner’s lack of working capital, from a low credit score and inability to borrow from traditional financing sources to operational issues affecting cash flow.

Detailed explanation-4: -The most common reasons small businesses fail include a lack of capital or funding, retaining an inadequate management team, a faulty infrastructure or business model, and unsuccessful marketing initiatives.

Detailed explanation-5: -Money is the resource that helps mobilise other resources like men, materials and machines. Entrepreneurship in any society increases with the increase in the supply of capital. Thus, lack of availability of capital with any society or nation acts as a serious barrier for promoting entrepreneurship in that society.