Challenges Faced by Start-Ups in India

Authors

Aswathy Soman
Department of Business Administration SNIT, Adoor
Noufiya N
Department of Business Administration SNIT, Adoor
Ahalya A
SNIT, Adoor

Synopsis

We are aware that there are numerous start-ups presently putting forth numerous ideas. However, they will encounter numerous difficulties when starting their business. Numerous obstacles prevent Indian start-ups from growing and succeeding. The biggest obstacles include a lack of sufficient funding, legal restrictions, infrastructure problems, a talent shortage, fierce competition, the protection of intellectual property, and cultural and linguistic barriers. Start-ups may find it challenging to establish a presence in the market, acquire traction, and expand their business as a result of these obstacles. Start-ups must be creative, adaptable, and resilient in their approach to surmount these obstacles, and they must seek assistance from the government, investors, and industry professionals. A supportive ecosystem that promotes innovation and development is necessary to address these issues. Start-ups can improve their chances of success and lay a solid basis for growth and innovation by comprehending these issues and devising solutions. The most crucial aspect determining whether Indian entrepreneurs succeed or fail is innovation.

ICMEM2023
Published
December 22, 2023
Online ISSN
2582-3922