Regulatory challenges refer to the difficulties and obstacles that organizations face when trying to comply with laws, rules, and guidelines set by government authorities or regulatory bodies. These challenges can hinder growth and expansion by imposing limitations on operations, requiring extensive paperwork, or creating barriers to entry in new markets. Navigating these regulations effectively is crucial for nonprofits and social enterprises seeking to thrive in a complex legal landscape.
congrats on reading the definition of regulatory challenges. now let's actually learn it.