Discuss the challenges and remedies of entrepreneurship

  1. Limitations of funds/finances to start and run an enterprise and can be remedied by borrowing funds and getting government incentives
  2. Competition which can be cubed by differentiating your goods and services
  3. Lack of skills and knowledge/management to engage in entrepreneurship can be remedied by training
  4. Lack of consumer awareness of one’s products/services can be remedied by proper advertisements to the right or targeted consumers.
  5. Poor decision making and long working hours may be remedied by employing
  6. Lack of clear objectives
  7. Inappropriate distribution channels
  8. Lack of venture uniqueness
  9. Human resource related problems
  10. Lack of entrepreneurial skills
  11. Lack of know how in technology
  12. Poor time management

Leave a Reply

Your email address will not be published. Required fields are marked *