Factors that hinder entrepreneurial activities
- Unfavorable government policies which tend to discourage establishment of businesses e.g. high taxation
- Poor infrastructure which discourage smooth running of businesses
- Lack of adequate knowledge and skills to start and manage businesses
- Lack of market which discourages establishment of new businesses / continuation of the existing ones
- Inadequate resources to start / run businesses smoothly
- Stiff competition with cheap and higher quality imports making demand for local goods to decline hence closure of local businesses
- Political instability creating a poor environment for businesses to start / thrive
- Unfavorable culture – some values and norms discourage establishment of businesses / consumption
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