Finance is backbone of Business, and mainly excellent ideas are affected by the financial shortcomings by the entrepreneur. Wayback Lehman Brothers refused to sanction loan to a person who presented Lehman Brothers a plan on electricity, they sanctioned and granted funds to GE. The Questionnaire must be prepared considering the current policy matrix in the area/country where research is being conducted. The ease of doing business should be seen as a prospective work area in terms of raising funds
Here’s a sample questionnaire focusing on how limited financial resources hinder the development of entrepreneurial ventures, with response options of "Strongly Agree," "Agree," and "Disagree":
Access to FundingLimited financial resources restricts my ability to access necessary funding for my entrepreneurial venture. I struggle to secure loans or investments due to insufficient capital. My venture’s growth is constrained by a lack of initial financial resources.
Operational ChallengesLimited financial resources make it difficult to cover day-to-day operational expenses. I find it challenging to maintain adequate cash flow due to financial limitations. My venture faces delays in scaling operations because of financial constraints.
Research and Development (R&D)Insufficient funds prevent my venture from investing in research and development. My venture struggles to innovate due to a lack of financial resources. Financial constraints hinder my ability to explore new product ideas.
Marketing and ExpansionLimited finances restrict my ability to effectively market my products/services. I cannot expand my venture into new markets due to financial limitations. Financial constraints limit my ability to hire skilled professionals for business expansion.
Technology and InfrastructureMy venture cannot invest in necessary technology due to limited financial resources. Insufficient funds prevent my venture from upgrading infrastructure. Financial constraints hinder the adoption of modern tools and software for my business.
Human ResourcesMy venture struggles to attract and retain talent due to limited financial resources. Financial limitations prevent me from offering competitive salaries to employees. I cannot invest in employee training and development due to budget constraints.
Business Stability and Risk ManagementLimited financial resources increase the vulnerability of my venture to economic downturns. I struggle to manage risks effectively due to financial constraints. My venture’s long-term sustainability is at risk due to insufficient financial backing.
Customer Relationship ManagementFinancial limitations restrict my ability to invest in customer relationship management tools. I find it difficult to provide consistent customer support due to financial constraints. My venture struggles to retain customers because of limited investment in customer engagement.