The Barriers Of Entrepreneur s Face - 2386 Words

Mark Cuban, the billionaire owner of the Dallas Mavericks, once said, â€Å"All you need is a laptop or a PC and an Internet connection and you can pretty much do almost anything and create almost any type of company.† While it is true that technology has made it easier for people to start their own companies, there are many barriers that people face in becoming entrepreneurs. While there are many barriers that entrepreneur’s face, I will focus on the psychological, financial, legal, market entry, and human barriers to starting a business. The reason I choose these is because they cover a majority of the larger issues that owners face starting a business. While some entrepreneurs may have it in them to over come all of these barriers, a good amount of them will struggle turning their small business into a larger more successful business. The second part of this paper we will analyze the probably of an entrepreneur taking his or her small his and transforming it into a l arger. Ultimately, the question I want to answer in this research paper is: What are the barriers people face starting their own business, and once they start it what are the chances of it developing into a successful full time operation? While people think of great ideas everyday, not everyone has the ability take that idea and execute it. A lot of the time the reason is psychological. People have this mental blocks inside their head. According to an article from entreprnuer.com, there are seven pivotal mentalShow MoreRelatedFactors That Affect The Health Of Small Business And Entrepreneurship982 Words   |  4 Pagesstronger than ever, but they also face newer and more challenges or inhibitors to their growth than their older counter parts. This research will attempt to find the answer to the following hypothetical question: What are the barriers to entry, inhibitors to growth, and detriments to the health of small business and entrepreneurship today? 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