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Nobody wants their startups to fail. Every entrepreneur wishes for their business to succeed and grow. But in reality, 90% of startup in India fail in the very first year. There are various reasons why this happens. In this blog, we are going to focus on these pointers. Also, we will try to create an article that could help people who do not want their startups to fail.
Table of Contents
In technical terms, the startups can be defined as a business or a company that is in the initial stage of operations. We can also say a startup is a company initiated by entrepreneurs and individual founders to run a drafted business model effectively. Moreover, these corporal business ventures are generally established by one to three individuals who focus on growing their business by developing ideas, products, services or platforms. The Indian Government has set up various steps to promote and register the startup in India. You can also check Government website.
Various steps and procedures need to be kept in mind before launching the startup in India. Some of these steps include;
One of the
steps is also to prepare a business plan. A business plan is a document that is
used to depict the thought, vision, goals, description of the startups, etc. in
the best manner. It is presented to investors to gain their trust. Things that
should be kept in mind while drafting a business plan are;
Suggested Read: Why a Business Plan is considered as the First Step of Business?
There can be various reasons why startup in India fail. But among these problems, one thing is for sure that there certainly is a solution for them. Let’s look at them one by one:
wants their business to succeed and take all the possible measures to make that
happen and convert their vision into reality. If you are thinking of starting
up, the solutions as mentioned earlier can help you. There can be many reasons
why startups fail. And there is a possibility you will probably face one or two
or even more of them from time to time.
Also Read: Startup India Registration Process – The Complete Guide
Tanya is working as writer & editor from past 2 years with experience in covering startup and technology related topics.
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