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Come up with three reasons it would be more difficult to be an entrepreneur in a...

  • Come up with three reasons it would be more difficult to be an entrepreneur in a developing country than a developed country. Do NOT use “they’re poor” as a reason. Think broadly!
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Answer #1

It is very difficult for an entrepreneur to be in a developing country because of the following facts

1) government budget deficits might not be enough to support as there might not be any favouring government policies due to the lack of budget

2)There can be a chance that the cultural shocks in developing countries might be high due to the less amount of trade so that it is very important to adapt to the culture which is difficult with compared to that of developing country

3) lack of education and awareness among the people might be difficult for you to increase the product awareness as the cost would be very high

4) the currency levels where there would be a low currency so that you cannot price your product high as that of in the developed States

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