Barriers to Rural Entreprenuership?
Barriers to rural Entreprenuership :
Rural entrepreneurship is made unique by the economic conditions of rural regions and the characteristics of rural entrepreneurs. Some of the barriers commonly associated with rural entrepreneurship are presented below:
•Declining agricultural income
•A culture not supportive of entrepreneurship
•Greater distances to markets and areas of production
•Difficulty in obtaining sufficient capital
•Lack of other entrepreneurs and networks
•Absence of industry clusters
•Difficulty in obtaining skilled labor
These barriers diminish the growth prospects of potential rural entrepreneurial opportunities. As a result, rural individuals are perceived to seek entrepreneurship out of necessity rather than opportunity. Thus, in general, rural entrepreneurs pursue projects with lower expected rates of
return and more moderate risk levels.
you have limited market and limited goods and services to offer. in addition competition is stiff
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