A Business Owner’s Pathway And Its Hassle

An Entrepreneur’s Pathway And Its Hassle

Embarking on a journey to set up a business by the assertive entrepreneurs is being seen as one of the excruciating tasks that does involve the number of impediments that they encounter time and again. Be it the financial constraint, the stringent regulatory norms laid by the government, introduction of new policies, the bottlenecks in the market or the vigorous competition among the new entrants. These obstacles indeed create a hiatus between the intended business goals set by the entrepreneurs and the execution of the same. Right from the outset, the entrepreneurs come across the number of roadblocks and it is apparently believed to be one of the most arduous tasks these days. Instantaneously, some of the impediments that come entrepreneurs’ way are:

• Layering In The Top Management: At times setting up a hierarchy at the top management gives rise to the certain degree of complexity by which the execution of the critical decision making gets back at the back burner. This thing brings in the gaps to the business by virtue of which it turns into a roadblock.

• Red Tapism: The pre and post initialization of a business set up by the entrepreneurs always stands in need of the number of the sanctions and permissions, which need to be granted by the regulatory bodies. The considerable span of time devoted in such activities acts as the reason for delay, and also becomes the hindrance.

• Technological Evolution: The constructive turnaround in the technology is always believed to be a boon for all of us, on the contrary this very evolution and advancement also acts as a hurdle for the burgeoning entrepreneurs and their business operations; as the change in the current technology has got to be followed by the change in the adoption methodology. This ends up with the deployment of newer techniques, its application, and training and orientation programs.

• Reforms In The Status Quo: The sudden announcements by the government with the change in the fiscal policy and with some amendments in the existing structure of import – export business are some of the inevitable factors that obstruct the entrepreneurial activities drastically. Likewise, the major change in the licensing policy drastically impacts the existing state of entrepreneurship that actually defers the ongoing business operations carried out by the entrepreneurs.

It is indeed quite evident that the entrepreneurship by and large is being crippled a bit by the number of impediments, some impediments always turn out lucrative for the entrepreneurs, some inevitably turn out as a blessing in disguise for them and some of the obstacles always remain as the obstacles to the entrepreneurs.

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