Ordeals a Startup Faces and the Ways to Overcome Those to Make it a Company
Starting a startup is a rollercoaster ride full of ups and downs. A few lessons which come to mind to overcome barriers in the path of making your startup a company
- Every Business requires a team which can take care of multiple facets of business like Sales, Marketing, and Production if it is manufacturing, and managing principals if it is a trading entity.
- One of the problems many fellow entrepreneurs have faced is not enough emphasis on operations initially.
- From a service industry point of view, operational risk emanates from non-compliance, not having an Insurance policy for the business by way of fire, theft and other issues which may arise in the day to day running of the business.
- The Birla’s have a system of daily review across their businesses.