Complacency and lack of financial discipline on the part of the entrepreneur is one of emerging barriers to business growth among young entrepreneurs.
When entrepreneurs start a business and break even in the first months, they embark on celebrations and donations, which affect the products one started with. As a result, many enterprises have failed to grow and some have closed.
Charles Ocici, the executive director of Enterprise Uganda, made the remarks during the training session for the youth in entrepreneurship at the Imperial Royal Hotel in Kampala.
“The biggest barrier to business growth is the entrepreneur, who loses the sense of continuous desire to succeed,” he said.
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