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International Journal of
Finance and Commerce
ARCHIVES
VOL. 5, ISSUE 1 (2023)
A study on Indian startups: Issues, challenges and opportunities
Authors
Dr. Suresh Kumar, Anoop Kumar
Abstract
Start-up objectives like being your own boss and creating work for others demand a lot of perseverance and sacrifice. Numerous elements, such as a sizable population with a sizable middle-class population, educated youngsters with technical backgrounds, IT dominance, high internet and mobile penetration, and other factors, have created potential for the start-up movement to spread throughout India. The "Make-in-India" initiatives and other government programmes have also helped entrepreneurs by attracting a large number of people to the field. Starting a business requires careful planning and discipline, as well as careful evaluation of internal and external elements that could affect the venture's survival. Before embarking on the journey, it is important to have a broad understanding of the venture concept, market size, revenue goals and profit projections. Timing, collaboration, and tenacity are major factors in entrepreneurial success. Infrastructure, government rules, and funding availability may all act as obstacles for companies at various phases of development. In actuality, there are several instances in history of companies that began with great vigor but quickly fizzled out for a variety of reasons. The article focuses on some of the challenges and obstacles that an Indian start-up must face as well as the chances that the nation can provide in the current climate.
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Pages:3-7
How to cite this article:
Dr. Suresh Kumar, Anoop Kumar "A study on Indian startups: Issues, challenges and opportunities". International Journal of Finance and Commerce, Vol 5, Issue 1, 2023, Pages 3-7
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