“A Study on Challenges New Business Owners Face and How They Overcome Them: A Case Study of Few Startup Entrepreneurs. Introducing Young Entrepreneur Who Are Facing Problem”.
Riddhi tandon Dr Alka Singh Bhatt
ABSTARCT:
Startups are crucial to economic development since they bring innovative products, revolutionary services, and innovative business models that transform industries and create new markets. New entrepreneurs encounter multiple obstacles that block their path to survival since they face restricted funding as well as strong market competition and complicated legislative regulations and operation inadequacies. Case study research along with qualitative methods allow this research to evaluate the problems new entrepreneurs face and identify methods successful entrepreneurs deploy to alleviate these challenges. Strategic approaches that utilize technology to improve market opportunities while optimizing operations must include the development of profitable industry relationships through networking activities and financial expansion to minimize risks and constant innovation for sustaining market advantage. The analysis highlights the importance of adjustability, as well as resistance and future problem-solving skills, in the success of a startup. With the research these important details are given on how one can have a sustainable setting up of a stable start-up environment through legislative modules and other infrastructure that would then aid in a scenario of success for the entrepreneur. The knowledge contained herein necessitates that healthcare practitioners and policy authors should use proven business strategies to ensure they create stronger start-ups that can support a greater rate of sustained economic development.
Keywords: Startup Challenges, Entrepreneurial Strategies, Business Sustainability, Innovation, Networking.
