Drawbacks of Entrepreneurship

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Even though entrepreneurs are innovators and create new opportunities, they might possess personal traits and behaviours that can harm their roles as managers or workers.

Following are the reasons that create drawbacks in entrepreneurship.

• Life cycle of business venture – Entrepreneurial development stages can sometimes fail due to life cycle of business venture. Entrepreneurs are most likely to face an increasing risk and potential for business failure during the start-up stage as market demand is not very certain and profits are less.

• Failure of new small firms – Managerial incompetence, lack of experience, low financial control, absence of strategic management, incorrect or inappropriate place, having not enough inventory control and failure to create entrepreneurial transitions or changes can be the common causes of failure.

• Making wrong decisions – A manager might not have detailed knowledge of probabilities of what might happen in the future, which might contribute to an uncertain decision.


Rajagiri Business School in Kerala offers you a choice of post graduation courses like MBA, MHRM, PGDM etc. Locates in the IT hub of Kerala at Kakkanad, this MBA College in Kerala promises you a serene environment, best in class learning infrastructures, best hostel facilities and top placements. Rated as one of the Top B Schools in Kerala by Business World, this institution will definitely fulfill your dreams.  

To know more and admissions, visit : https://rcbs.rajagiri.edu/
Location: Kerala, India

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