Challenges and Entrepreneurs
According to Lee and Denslow (2005) there are 12 problems that entrepreneurs
experience at different stages of their evolution of entrepreneurship from start to
success:
1. Obtaining credit
2. Lack of collateral
3. Lack of capital
4. Establishing credibility
5. Delegating authority
6. Lack of business experience
7. Lack of respect/acceptance
8. Labour
9. Personal
10. Work-home conflict
11. Administrative work
12. Making the business profitable