Challenges Faced By Entrepreneurs
Challenges are normal in businesses and anyone that wants to succeed in business must be ready to withstand the challenges that come along with it. According to Mahatma Gandhi, spiritual leader and father of the nation of India, “every worthwhile accomplishment, big or small has its stages of drudgery and triumph; a beginning, a struggle and a victory”. This is true in general life but much more in starting new business.
Family Pressure: Entrepreneurs face pressure for job security , Not being able to find good matrimonial alliance if one owns his own business.
Poor Infrastructure Facilities : This is huge hurdle to distribution network, scarcity of electricity, transport facility.
Personal finance risk : uncertainty in success.
Bureaucracy : Running from one table to another, from one department to another to get necessary permission.
Many times investors are hesitant in investing in a women centric organization. And the women find it uncomfortable speaking openly to an investor.This is because a lot of times investors do ask sensitive questions that are generally not asked.” if you get married will it affect your work life, will you be able to reach your targets. Only few Women are able to man age home and business effectively. Educational levels and co operation and backup from husband and family members is very week.
Senior entrepreneurs not willing to encourage and share knowledge to juniors.
One of the most common reasons for new business failures is cash flow management.