
Common legal and regulatory barriers to entering a niche
There are a variety of legal and regulatory barriers that can make it difficult to enter a particular niche. Here are a few examples: 1. Licensing requirements: Depending on the niche, there may be specific licenses or permits required to operate legally. For example, certain professions such as doctors, lawyers, and real estate agents require specific licenses. 2. Intellectual property protection: If the niche involves the creation or use of intellectual property, such as patents, trademarks, or copyrights, there may be legal barriers to entry. It may be necessary to secure patents or trademarks before entering the market. 3. Health […]