startups problems
TRANSCRIPT
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Problems of Start ups
Submitted by:Shivangi Saxena
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• A Start Up Company• Indian Strat Ups• Problems Faced• The way out
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A Start up Company
• An entrepreneurial venture.• Innovative Products• Small Business• Partnership• Technology Oriented
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Indian Startups… Sectors • Consumer• Enterprise• e-commerce• Fooding /Logistics• Healthcare• Fintech• Technology Microsoft Excel
Worksheet
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Problems Faced
• Competition• Lack of Funding• Time Restraints• Poor Planning• No Historical Data
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COMPETITION
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• Competition posses one of the biggest challenge• Barriers to entry• Survival becomes difficult• Leaves no margin for error• Gain much needed recognition
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LACK OF FUNDING
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• 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
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TIME RESTRAINTS
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• 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
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POOR PLANNING
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• Proper planning and preparation before “Open for Business”• Comprehensive Business Plan• Everything from supplies to rates should be investigated• Partnership Decision Making
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NO HISTORICAL DATA
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• Problems of just not knowing what is going to happen or what should happen
• little knowledge of industry
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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
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THANK YOU…