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• Startups generate a new idea. At the same time, they prefer to receive advice and mentoring from an expert. Most
company founders join numerous groups on a local and worldwide scale to receive ongoing help from experienced
mentors and investors. The Government of India's flagship initiative, ‘Startup India,’ aims to create an ecosystem for
the growth of startup businesses.
• The Indian states have developed startup policies. If they meet the criteria, new businesses in India can benefit
from regulatory and tax perks, capital gain exemption, and access to government funding under
this scheme. (For more information on Startups, visit (http://www.startupindia.gov.in/).
Barriers to Entrepreneurship
Entrepreneurs confront numerous obstacles on their journey to success. There are several barriers that can prohibit one
from pursuing one's passion for entrepreneurship, whether it is lack of education or lack of financing. Here are few of
the most prevalent barriers.
Environmental Barriers
Environmental factors are one of the most significant roadblocks for businesses. There might be a variety of environmental
influences. The following are the most common ones:
Inadequate resources Inadequate skilled Inadequate machinery
or raw materials labour and other infrastructure
These obstacles are easily solved by thoroughly researching the market prior to making a business decision. Such
roadblocks can be overcome via research, market surveys, and mentorship. The Indian government has devised
a number of programmes to assist small business owners in obtaining finance. Among them are the following:
• Mudra Yojana of the Government of India—https:// mudralsans.in/
• Credit Guarantee Scheme—https://www.cgtmse.in/
• StandUp India Scheme—https://www.standupmitra.in/
Fault in the Business Plan
Every entrepreneur desires a prosperous business. However, if a person does not develop a plan of action, it may result
in a stressful environment. Having a plan to achieve the objective assists the individual in understanding one's position
in operating a successful business and motivates everyone involved to work harder.
Building a Team
Finding suitable personnel and training them to give their all to the business is a time-consuming and difficult task. As
an entrepreneur, you must discover people who believe and feel the same way as the rest of your team. Work may be
done better and faster when new employees fit into the team's culture.
Personal Barrier
These are some of the thoughts that an entrepreneur might have before embarking on a company venture:
How long will the organisation be in operation?
How much money will it bring in?
Will my goods be well-liked by my customers?
Will I be able to provide for my family?
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