Challenges faced when starting a small business

- Poor infrastructure facilities including power is a challenge.
- Deficiency in managerial and technical skills needed for the operation of the business.
- Financial challenges/shortages because it’s difficult or are limited to access external
sources of funds.
- In a male dominated society, women entrepreneurs find it difficult to cope up with
pressure and tensions of managing an enterprise.
- Lack of planning -an entrepreneur should have a well-developed plan with clear
objectives prior to starting any venture.
- Government limitations-the government tends to back the larger business enterprise
making the small enterprise less attractive especially when it comes to bank lending.
- Environmental changes-the economic, political, social and technical environment all are
a challenge to the entrepreneur.
- Legal requirements like licenses is also a challenge to operate certain businesses
- Lack of necessary entrepreneurial skills, knowledge and traits.
- High level of completion.

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lemass answered the question on February 10, 2019 at 19:23