Commissioning a startup & running it successfully involves finding the right business idea, right market, fiscal planning, & construing MVP.
It’s the age of startups ushering in new winds of change across the globe, especially emerging markets like India. The traditional template of gaining experience after education before taking the entrepreneurial plunge is no more in vogue. The contemporary times are witnessing bright young minds brimming with ideas, eager to turn them into marketable products via startups. “Got an idea? Go for a startup!” – that’s the paradigm shift which is defining today’s business spectrum. In fact, in India alone, there were more than 61,400 recognized startups as of January 10, 2022; and in 2021, more than 500 districts across the nation had at least one new startup. Such is the magnitude of the burgeoning startup culture. However, there’s a flip side to the whole scenario. The startup success rate across the globe including India is an underwhelming 10 percent which is a point to ponder. There are certain rudimentary elements to be factored in before embracing entrepreneurship in order to succeed. Continue Reading at OEM NEWS.
Source: OEM NEWS
