Kendy
Verified member
There are many challenges that comes with setting up a business and one of such challenges is lack of capital for adequate funding. Some potential business owners have a feasible business idea but improper means of funding stands as an impediment. There are so many other challenges in setting up a business and it could be from; lack of motivation, lack of proper location, lack of experience. However, it is not possible that everyone must operate a business.
There are people who are not business inclined such that they prefer white collar jobs. Lack of motivation could also be a barrier to setting up a business, this is because, when a business owner is not passionate or motivated in his line of business, he would find it very difficult to withstand any challenges that comes with it. Inability to find a proper location could also be an impediment in setting up a business. The location matters a lot in any business, when you set up a business where you can easily locate your target audience, then, it would maximize sales and sustainability. Inexperience is also a factor that impedes the setting up of a business. What are the impediments to setting up a business?
There are people who are not business inclined such that they prefer white collar jobs. Lack of motivation could also be a barrier to setting up a business, this is because, when a business owner is not passionate or motivated in his line of business, he would find it very difficult to withstand any challenges that comes with it. Inability to find a proper location could also be an impediment in setting up a business. The location matters a lot in any business, when you set up a business where you can easily locate your target audience, then, it would maximize sales and sustainability. Inexperience is also a factor that impedes the setting up of a business. What are the impediments to setting up a business?