Talk to any start-up founders, and the first concern you hear is business and viable solutions for the problems could be done easily, but once the business gets on track, the need for capital is the big problem. Most projects are too work-intensive to handle on your own, and paying people requires capital.
The act of raising capital is challenging enough, but the real challenge is continuing to run and grow your business while at the same time raising the funds – the two things often add up to the workload of two full-time jobs. Hiring and retaining the right people is yet another challenge. Investment decisions are yet another field of worry.
Your business plans, taxation requirements, funding, location, fund allocation, intense competition, improper accounting, and finance understanding – all of it contribute to the findings by researchers that say 9 out of 10 start-ups fail. According to the findings of a survey by the Institute for Business Value and Oxford Economics, 90% of India’s start-ups fail within the first five years.
It’s time the right ideas get the right soil and a strong root!
