PROBLEMS IN ENTREPRENEURIAL POTENTIAL DEVELOPMENT: A COMPREHENSIVE ANALYSIS OF CONTEMPORARY BARRIERS AND CHALLENGES

This research examines the critical problems hindering the development of entrepreneurial potential in
contemporary economic environments. Through a comprehensive analysis of existing literature and empirical research,
this study identifies key barriers including inadequate access to capital, insufficient educational frameworks, regulatory
constraints, and socio-cultural factors that impede entrepreneurial development. The methodology employed combines
systematic literature review with case study analysis to provide insights into the multifaceted nature of entrepreneurial
challenges. Results indicate that financial constraints remain the predominant barrier (affecting 67% of potential
entrepreneurs), followed by lack of mentorship and guidance (54%), and regulatory complexity (48%). The study
concludes with recommendations for policy makers, educational institutions, and support organizations to address these
systemic issues and foster more conducive environments for entrepreneurial growth.