There are often situations where, after having invested a lot of capital and time in a particular investment, it turns out that the workforce does not have a sufficient level of know-how or even that philippines number list there is already a company on the market with the same name or the same range of products.
Therefore, before starting the process of introducing a new company, it is essential to know the barriers to entry in a given market and to identify them accurately in order to be able to prepare an entry strategy. In the rest of this article, you will learn what obstacles new investors most often face and how they can successfully overcome them.
Typology of entry barriers
Barriers to entry depend on many factors and change with the economic situation. In general, however, we can distinguish six basic types of market barriers. We have listed and described them further down in this article, so feel free to check them out!
Financial barrier
The financial barrier is one of the oldest and most obvious business barriers to entry. New entrants may find it difficult to obtain sufficient funding to invest in their company. How can financial barriers to entry be successfully overcome? The solution could be, for example, to obtain capital from investors or to use alternative sources of funding such as financiación colectiva or grant programs for startups.