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Sayantika ChatterjeeTop Contributor
I am a literature student from University of Calcutta and came here to contribute.
Asked a question 2 years ago

What are the barriers to entrepreneurship?

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Sayantika ChatterjeeTop Contributor
I am a literature student from University of Calcutta and came here to contribute.

Following are the barriers to entrepreneurship: 

  • Lack of market knowledge.
  • Lack of technical know-how.
  • Lack of capital. 
  • Lack of business know-how. 
  • Lack of motivation. 
  • Lack of individual spirit. 
  • Family issues.
  • Lack of education. 
  • Lack of training. 
  • Influence of religion, caste and class. 
  • Lack of infrastructure facilities. 
  • Lack of transportation and communication.
  • Unavailability of raw materials. 
  • Lack of regular supply of energy. 
  • Corruption.
  • Unstable government policies.
  • Monopoly.

Also, many entrepreneurs lack managerial abilities or marketing capability. Some ideas are often unrealistic. Some may be not accustomed to the banking or finance system.