In you opinion, what are the main obstacles that contribute to the failure of entrepreneurship in Jordan?

Thanks Dear,

It depend on :

• Strategic View.
• Good planning
• Capital.
• Competition.
• Product\\Service.
• Kind of Business.

Most entrepreneurs do not have bank assets or records, which are required for loans.Over 60 per cent of entrepreneurs worldwide face difficulties in getting financing for their projects. Institutions that claim to offer funds for entrepreneurial projects in practice do not do that in practice.Poor funding is among the main reasons behind the failure of entrepreneurs, as around 40 per cent of their projects do not take off, while up to 80 per cent of them do not generate the expected revenues.

These are one of failure opsticles not just in Jordan but worldwide!

Obstacles are not the same always, it may change time to time, present political situation around is not good as per the recent feasibility study, on other side, it is quite okay as Jordan is good and better niche market for all types of businesses.

This questions has been a unique learning opportunity since I haven't lived in Jordan. Thank you for asking me to contribute!

Not familiar with Jordanian Market and believe they must be having the same issues as that of other 3rd world countries. The only additional Jordan specific contributing factor is the political uncertainty next door i.e. Syrian issue and the presence of ISIS in the region.

Dear Dua, Thanks for the invitation, but I think I'm not the right person to answer. Our local friends answered with their real experience in the respective geography would be relevant. Thanks.

Unfortunately I don't have experience  working in Jordan.

thanks for ur invite but i didn't have any idea about Jordan rules

Same as me, I don´t know Jordan market enough in that sector.

Generally the main obstacles to any business operating effectiveness is due to the external and internal environment. The countries internal  environment are  the inflationary pressures,currency devaluations ,budget deficits,lack of government incentives such as formation of the  SME's,lack of job skills mismatch etc .

Furthermore the external factors are the macro environment factors such as Political instability,recent fluctuations of Oil prices to 27 $ a barrel.External currency market fluctuations.Sanctions imposed and trade embargo also other factors contributing towards the declining entrepreneurship growth

In my resource gathering i believe most of these obstacles are generic for most countries and these form part of the pool of problems

• Lack of Capital
• Lack of proper market research
• Lack of adequate funding possibly as a result of lack of paper trail required for bank lending.
• Government legislation for example taxation
• High raw material prices.