startups problems

Problems of Start ups

Submitted by:Shivangi Saxena

• A Start Up Company• Indian Strat Ups• Problems Faced• The way out

A Start up Company

• An entrepreneurial venture.• Innovative Products• Small Business• Partnership• Technology Oriented

Indian Startups… Sectors • Consumer• Enterprise• e-commerce• Fooding /Logistics• Healthcare• Fintech• Technology Microsoft Excel

Worksheet

Problems Faced

• Competition• Lack of Funding• Time Restraints• Poor Planning• No Historical Data

COMPETITION

• Competition posses one of the biggest challenge• Barriers to entry• Survival becomes difficult• Leaves no margin for error• Gain much needed recognition

LACK OF FUNDING

• Start ups needs substantial amount of money to fund the business from the beginning

• Ensuring and maintaining a healthy cash flow is important• Expenditure increases with income• Finding Investors

TIME RESTRAINTS

• Not a part time – Saturday job• Business owners need to commit extremely long hours in start-up

phase• Owners responsible from grunt work to office managerial

responsibilities

POOR PLANNING

• Proper planning and preparation before “Open for Business”• Comprehensive Business Plan• Everything from supplies to rates should be investigated• Partnership Decision Making

NO HISTORICAL DATA

• Problems of just not knowing what is going to happen or what should happen

• little knowledge of industry

The way out…

• With full backing of a recognized brand businesses have higher success rate

• Banks would fund a franchise rather than a completely new business

• Try to do what you do better and cheaper• Knowing when it will happen and preparing for what’s required are

both vital for success

THANK YOU…