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These days, we hear a lot about startups being launched. It could be in the field of technology, health care,
food, virtual reality, or something else.
Let us learn more about startups:
Startups can be launched with a small amount of capital. Many startups succeed by focusing on ideas
that incorporate technology or deliver technology-driven solutions. Many businesses like Swiggy and
Zomato, for example, have begun to offer online food delivery.
They collaborate with food service providers or restaurants to aid with home delivery of food using a
comprehensive app.
Startups and small businesses differ in their approach to financial investment. Startups generally turn
to angel investors or venture capital firms for capital, whereas small businesses typically use loans and
grants. A significant number of Indian startups have obtained funding from global investors.
Startups are built on innovative ideas. 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/.
4.7 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 Inadequate monetary
or raw materials labour and other infrastructure resources on time
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/
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