Problems Faced by Entrepreneurs in India
Here are the ten most common problems faced by entrepreneurs in India when starting a business, as listed below: Financing : Obtaining funds for your business is one of the most important issues that all businesses face and must address in order to survive. While you may have saved some money to start a business, it will not last long. Remember that when you are starting a business, you will most likely have limited access to funds, which means you will have much less room for error. Inadequate Planning : The number of start-ups that fail because they “forgot” to plan is impressive. Or maybe they did strategize but didn’t cover all the bases. Key areas such as sales, development, and funding are not afterthoughts. They must all be included in your business plan from the start. Not only that, but you must also prepare for the important things that you cannot prepare for. That is, even if you cannot plan for every possible outcome, you must recognise what you are most ...