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unreliable supply of raw materials is one of the challenges facing entreprenuers in Nigeria,in the sense that nigeria as a whole do not have stable supply of lights this tends to affect the business of small managers and depends on the nature of their jobs they begin to loss profit and eventually abandone the job.

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What are the problems faced by an entrepreneur?

1. Lack of adequate finance 2. High cost of raw materials & other inputs 3. Unfavourable market conditions 4. Unreliable supply of raw materials, power, labour, etc.. 5. Complex rules, regulations, procedures by the govt..


What is the difference between an entrepreneur and an investor?

Investors are the people who provide a business with the finance it needs. This finance can come from owner's capital, loan capital from banks or grants from State Agencies. Entrepreneurs are people who take the initiative to turn an idea to business.


What is the educational background of an entrepreneur?

The educational background of an entrepreneur can vary widely, as there is no single path to entrepreneurship. Many entrepreneurs hold degrees in business, finance, or related fields, while others may come from diverse backgrounds such as engineering, arts, or sciences. Some successful entrepreneurs prioritize practical experience over formal education, emphasizing skills gained through hands-on practice, networking, and mentorship. Ultimately, the key is a combination of knowledge, skills, and a willingness to learn and adapt.


Scope and nature of public finance?

public finance studies more about the financial activities or expenditures of our government.


What corporate characteristic causes the rate of return and rate of equity percentage to be different?

The total liabilities because Assets = Liabilities + Owner's Equity. Corporations can borrow money to finance their company, therefore however much you borrow affects assets and owner's equity.

Related Questions

What are challenges facing intrapreneurship?

The following are the challenges or problems faced by small entrepreneurs: (a) Lack of adequate credit (b) Unreliable supply of raw materials, inputs, power, finance, labour,etc (c) High cost of raw materials and other inputs (d) Unfavourable market fluctuations (e) Complex rules, regulations and procedures framed by the Government (f)


What are the problems faced by an entrepreneur?

1. Lack of adequate finance 2. High cost of raw materials & other inputs 3. Unfavourable market conditions 4. Unreliable supply of raw materials, power, labour, etc.. 5. Complex rules, regulations, procedures by the govt..


What training programs are available for entrepreneurs?

A business degree with emphasis on finance and marketing would be one way to start.


How finance resources affects succession planning in an organisation?

yes


What are the financing options for women entrepreneurs?

Most women have to depend on their own funds or loans from friends and family but there are lot's of online financing option available for women entrepreneurs. Both Government and private sector are also providing the finance for women.


What is the difference between an entrepreneur and an investor?

Investors are the people who provide a business with the finance it needs. This finance can come from owner's capital, loan capital from banks or grants from State Agencies. Entrepreneurs are people who take the initiative to turn an idea to business.


What is DECA mission statement?

DECA prepares emerging leaders and entrepreneurs for careers in marketing, finance, hospitality and management in high schools and colleges around the globe.


What has the author H B Falkena written?

H. B. Falkena has written: 'Managing your finances after retirement' -- subject(s): Finance, Personal, Personal Finance, Retirees, Retirement income, Saving and investment 'Entrepreneurs only' -- subject(s): Businesspeople, Entrepreneurship


What materials were used to construct the Two International Finance Centre?

Glass and Steel


What has the author George C Glover written?

George C. Glover has written: 'Materials for problems in corporate finance' -- subject(s): Corporations, Finance


Why owners of a new business will need finance to set it up?

every business needs finance to pay wages, buy materials or pay for assets


What is entrepreneurial finance and personal finance?

Entrepreneurial finance: Entrepreneurial finance is that the study useful and resource allocation, applied to new ventures. it's a field minded to assist entrepreneurs create investment and funding selections, from pop out to reap. Personal finance: Personal finance refers to the financial selections that a private or a extended family is needed to form to get, budget, save, and pay financial resources over time, taking into consideration numerous money risks and future life events. More info you will find at our site: http://www.globalfinanceschool.com

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