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- Peculiarities

This group is made up of people for whom economic difficulties constitute a serious barrier to
starting up their business. You can count here, for example:

• lack of financial resources,

• fear of bankruptcy,

• inability to take risks,

• ignorance of financial and accounting issues,

• lack of economic knowledge,

• ignorance of the possibility of obtaining financing from various sources,

• lack of experience in the industry related to unemployment.

Economic aspects have always been one of the most serious obstacles for future entrepreneurs.
Starting your business often involves the need to invest financial resources. However, not
everyone has the necessary amount or creditworthiness. If it has, there is another problem - the
fear of taking the risk of failure and, consequently, bankruptcy.

Many people prefer stability and security. The inability to take risks can have different causes.
An example is the lack of an appropriate business idea, professional experience, or lack of
knowledge in the field of economy and finance. This has a huge impact on the fact that people
struggling with these difficulties are not self-confident, do not believe in success, but the fear
of the unknown wins.

The withdrawal of many people from wanting to start their own business is also connected
with the lack of knowledge about the possibility of obtaining funding from other sources, or
finding an idea for a low-budget business based on hobbies or using natural resources.

- Obstacles for learning

• lack of funds for specialist courses,

• difficulties in understanding some specialized issues in the field of economics, finance,
management.

Project 2019-1-BG01-KA204_062299
The content of this material does not necessary reflect the official position of the European Union.