Entrepreneurial Barriers and Challenges by Neeraj Bhandari (Surkhet, Nepal)

1. Entrepreneurial Barriers and Challenges
Prepared by :
Neeraj Bhandari
Avishake Budhathoki

2. INTRODUCTIONTO ENTREPRENEURHIP
ENTREPRENEUR
(PERSON)
ENTERPRISE
(OBJECT)
ENTREPRENEURSHIP
(PROCESS)
+

3. INTRODUCTIONTO ENTREPRENEURHIP
• It is the process by which an individual pursue
opportunities without regard to resources they
currently control
• Entrepreneurship is the willingness to take risks and
develop, Organize and manage a business venture
in a competitive global marketplace that is
constantly evolving.
• In simple , Entrepreneurship is the process of
creating something new and assuming the risks and
rewards.

4. According to Foss and Klein , Entrepreneurship can
be defines with the help of seven approaches ;
• Entrepreneurship as Small-Business
Management
• Entrepreneurship as imagination or creativity
• Entrepreneurship as innovation
• Entrepreneurship as Opportunities
• Entrepreneurship as the ability to adjust
• Entrepreneurship as Charismatic leadership
• Entrepreneurship as Judgement

5. Barriers to Entrepreneurship
1. Environmental Barriers
– Non – availability of raw materials
– Lack of skilled labor
– Lack of good machinery
– Lack of infrastructures
– Lack of fund
– Other environmental barriers

6. 2. Personal Barriers
– Unwilling to invest money
– Lack of confidence
– Lack of motivation
– Lack of patience
– Inability to dream

7. 3. Social Barriers
– Law status
– Custom and tradition of people

8. Women Entrepreneur
• Women entrepreneur can be defined as the
women or group of women who take
initiative to set up a business enterprise and
run smoothly
• According to GOI, a Women Entrepreneur is
defines as , “An enterprise owned and control
by a woman and having a minimum financial
interest of 51% of the employment generated
in the enterprise of women.”

9. Problems facedby Women Entrepreneurs
–Scarcity of Raw Material
–Family Ties
–Limited Mobility
–Lack of proper education
–Male-Dominated Society

10. Challenges for Entrepreneurs
–Financing
–Teambuilding
–Being the visionary
–Dealing with the unknown
–Loneliness
–Decision-making
–Rule-making

11. Competencies of an Entrepreneurs
– Leadership Qualities
– Decisive
– Risk-taking
– Confident
– Willingness
– Enterprising
– Innovative

12. www.slideshare.net/neerazz