New entrepreneurial era and Some disadvantages of new enterprise

An entrepreneur may not always be an innovator entrepreneur but an imitator entrepreneur.

1.New entrepreneurial era

General awareness

Public mobility

Informed and educated generation

Demonstration Effect

Change in attitude from being an employee to an employer

‘Can do it’ generation.

2.Some disadvantages of new enterprise:

The inability to hire qualified employees

Lack of funds for expansion

Tax burdens

Limited or nonexistent credit with suppliers

High costs for advertising

Coping with competition

Many of these disadvantages can be linked directly to improper planning and misuse of funds of entrepreneur.

Success or failure revolves around

Inadequate managerial ability

Inadequate financing

Poor competitive position

Economic factors

Industry weakness

Poor location/product

Financial factors

Too much debt

Insufficient capital

Most failures occur because a number of factors merge to make the business unsustainable.