The entrepreneurs around the world face many kinds of hardships and difficulties before one could actually set up a real entrepreneurial venture. Many kinds of organizations now exist to support would-be entrepreneurs, including specialized government agencies, business incubators, science parks, and some NGOs. Now-a-days there are sincere efforts to promote entrepreneurship as a specific mindset resulting in more entrepreneurial initiatives e.g. in the form of rural entrepreneurship, social entrepreneurship, political entrepreneurship, or knowledge entrepreneurship.
The major challenges that entrepreneurs face are like: time, money or people. Some entrepreneurs face even more stringent constraints: old businesses, new competition, or falling prices. Also some entrepreneurs face the wrath of politicians or government regulations. Facing the challenges, being able to look beyond a crisis and maintain freshness of thought to find a way out of it and to spot the opportunity are the essence of managing the challenges of entrepreneurship. It is easily said than done. One of the key requisites of being a successful entrepreneur is “big picture thinking”.
A famous quote for entrepreneurs, "The germination of an idea can happen in solitude and may not seem workable to people around you, but if you strongly and passionately believe in it with a big picture perspective, then you can certainly make it happen".
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