What are the barriers to an entrepreneurship?
The following are the barriers to an entrepreneurship:·
Many entrepreneurs fail due to several barriers and problems and the following are found to be some of the barriers to any entrepreneurship:
01. Lack of viable concept
02. Lack of knowledge about the market
03. Lack of technical skills
04. Lack of seed capital
05. Lack of business knowhow
06. Complacency and lack of innovative ideas
07. Social stigma
08. Time pressures and distractions
09. Legal constraints and regulations
10. Monopoly and protectionism
11. Inhibition to mingle with people