Challenges Faced by Entrepreneurs

Abstract

Entrepreneurship is an essential factor in any country’s growth and development opportunities. A country may contain valuable material resources, but only the entrepreneurs can use the resources for productive use. So, it is crucial to promote and develop an entrepreneurial mindset. Entrepreneurs also create job opportunities for the young generation. This paper examines the main challenges faced by entrepreneurs in starting their businesses. The main problems faced by entrepreneurs are financial, production problems, labor, and government-related problems. This paper discusses how entrepreneurs overcome barriers while starting their businesses. Data was collected using a questionnaire.

Keywords: Entrepreneurship, entrepreneur, startup, challenges