Major Issues and Their Probable Solutions in Management of Start-Ups in India

Author:Akshra Sharma*

Abstract:
Startups have been in the limelight in India for a while now. India enjoys one of the top positions for the number of the Startups opening every year. Alas, little attention is paid on the number of startups that close simultaneously at the same time. Although Startup ecosystem is getting stronger day by day some hindrances still persist in growth and success of startups. Management is one of the key challenges as well as the ladder to Startups success. If management issues are dealt properly the chances of startups success get enhanced. The aspects where management needs full focus are recruitment, key personnel, finances, domain knowledge, etc. The government of India has also come up with plans, policies and various schemes to encourage startup entrepreneurship. The opportunities are right around the corner, entrepreneurs just need to tap it to their advantage.

Keywords:Key Words: Startups, Entrepreneurs, Startup ecosystem, Management.

DOI:10.46333/ijtc/9/2/7

International Journal of Trade & Commerce (Vol: 9 Issue:2)