Entrepreneurship- Empowering Vision

The thought of creating Successful Entrepreneurship Stories, controlling own destiny, is a hugely attractive prospect but the road of Successful Entrepreneurship can be challenging and exhilarating, frustrating and isolating, inspiring and exhausting, sometimes all in the same week. The most important key to serious accomplishment as an entrepreneur is, by far, one’s own internal drive and passion. That’s not something which could be learned somewhere.

Government encouraging startups

Startups are becoming very popular in India. Especially with various Startup Funding News going on by entrepreneurs are witnessing a funding boom. The government of India has started and promoted Startup India to promote growth and help the Indian economy. Under this initiative, many benefits are being given to entrepreneurs establishing startups. Easy access to funds is set-up by the government to provide Startup Funds like venture capital.  The government also guarantees lenders to encourage banks and other financial institutions for providing venture capital.

Challenges of a startup

Launched to build a robust eco-system for entrepreneurship and encourage enterprising individuals, the Government Startup Program for Business Entrepreneurs is about setting up a sustainable growth system. It aims to create an encouraging environment to take a risk and go innovative for work. Some of the key challenges a startup has to face are:

1. Financial management: Startups Funding rely heavily on financial backups from investors. At times, when there is a cash influx, startups tend to find it really hard to properly manage their finances.

2.  Customer Trust: Customer’s trust is one of the key challenges in any business, particularly in a startup. A highly satisfied and loyal customer base can help startups scale and make progress towards excellence. Implementing a customer-centric working philosophy can also help startups to succeed in their pursuit.

3. Security: Surviving cyber security challenges in this digital age requires super agility to counter online security threats. In order to safeguard all the important online data, startups need to have robust security systems in place thereby restricting unauthorized access to organizational data over the web.