These are the problems that affect or discourage entrepreneurs in their pursuit to develop their business ventures;

• Long working hours; The intention here is to at least improve your sales or performance; however it leads to stress and affects your social life.
• Poor pay: during the initial stages of your business the returns are usually very little so it requires persistence and determination.
• Unclear future; it is usually very difficult to predict success and the future of the business because it is new.
• Fear of losing all that has been invested; This brings in the element of risk every time you are thinking about the finances and time you have invested and reflecting on the effects in case of a losses or decline of the business
• Bankruptcies and closure; Majority of the businesses due to mismanagement and lack of ethics by their owners they end up bankrupt and closed
• Other challenges
• Fear of delegating; in the initial or first days after starting your businesses you cannot trust anyone to manage and run your business successfully. The problem of do it yourself and know it all
• Competition from established business; There is competition for customers, suppliers and even others resources depending o the nature of the business you are running.
• Lack of funds especially before break even; In other words here it means the business operations a limited by you funds and resources.
• Mismanagement by employees; some employees have unethical behaviour like swindling or stealing the business property and money hence failing your plans.
• You are not your own boss all the time because in many instances the customers, suppliers and government agencies are often your bosses.