A never-ending pandemic, unpredictable global markets and rising inflation were some of the major challenges faced by entrepreneurs last year. And they might have to keep facing these challenges with resilience, grit and creative solutions in 2023 as well. Here are some of the trends in terms of challenges and opportunities in store for business owners in 2023: 1) Shortage of Capital 2022 marked the end of many things from free money to market disruption. The last 30 years saw mind-boggling amounts of investments being injected into big tech as well as small startups. However, that may very well not be the case anymore. With higher costs of borrowing, reduced returns on investments, rising inflation as well as an unstable global economy marred by wars and scandals can only mean one thing: capital will be a scarce commodity for startups to generate. Entrepreneurs will have to come up with creative…
