Class 03: Barriers to Entrepreneurship

Entrepreneurship is a welcome way to all. By becoming an entrepreneur can contribute to his immediate community and nation at large. However, there are certain factors that act as barriers in one person becoming an entrepreneur. Here is a list of some of the important barriers

1. Lack of Capital : Traditionally finance has been the biggest barriers to entrepreneurs. However in the recent past growing markets have brought in many financing institutions into action - banks, governments, venture capitalist are now more willing to extend financial assistatance to budding entrepereneurs
2. Lack of technical knowledge
3. Non-availability of raw materials and resources
4. Government regulations : Government regulations concerned with import/exports, ;license regime in the past acted as barriers. Now government regulations have become increasingly liberal
5. Obsolescence of technology or business idea
6. Unstable and unpredictable markets
7. Globalization and entry of foreign companies
8. Fear of risk