Entrepreneurship in India: Challenge and Problems

Abstract - “Entrepreneurship is defined as the ability of an individual to master the new trending business options which have an outcome “. This paper deals with the challenges which are faced by Indian Entrepreneurs in starting up financing of new emerging trends. Growing up in terms of business in case of any developing nations is a quite difficult task where they face a financial stop at some point or the other. There are various barriers that are a major cause which stops the growth of the Indian entrepreneurs they are Terrorism, Corruption etc. The Indian entrepreneurs will develop only when there a equal growth throughout without any fall outs.. Due to liberalization, now, the challenge for every Indian entrepreneur is increased and it is the individual thought to how to take advantage of it efficiently. The new technology that has been evolved not only improves the business but also raise the standard of any Indian entrepreneur. The workforce is another thing through which the India had gone through an unexpected change where the involvement of the educated personnel both men and women breaking all the barriers work hard in each of the sector in an organization make a remarkable change. Marketing is another challenge which should be taken care of otherwise the business turn out to be in another way which will give a great fall in the business. Marketing in India is done through various media such as the television, radio etc. Finance is the heart

of any business. Managing the financial sector of one’s business will make it more successful. The entrepreneur should handle the financial criteria in a way that it is balanced with fixed and capital deposits correctly. The Indian Entrepreneurs have a great challenge in the production of a product. They should be very keen in replacing the old machineries by adding new machineries. They should also concentrate on producing a good quality product which is checked up by the quality control management.

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