#SeedFunded

[impactfulpitch]

Top 10 Challenges Faced by Startup Founders in India

Starting a business has its own challenges, but it can also be like living your dream every day. In 2020, more than 800,000 brilliant ideas began their path as startups or small enterprises in the United States.

So, do all of these startups succeed?

No. Obviously not. In fact, the majority of them might not get through the first year. As fascinating and attractive as the concept of a startup may be, there are many difficulties to overcome. Your business idea is put to the test at each crucial decision-making stage. Ask any successful startup and they would describe their success tale, studded with challenges.

So, What does it take to go from having a great concept to building a brand worth a billion dollars? Just the determination to overcome challenges. Then, what are the difficulties? Read this article to learn about the difficulties startups faces in their initial phase.

Financial Resources

Starting up a business requires capital, but for entrepreneurs who are new to this industry becomes difficult to acquire it. There are various funding sources available such as family members, friends, loans, grants, angel investors, venture capitalists, crowdfunding, etc. The aim to expand the business demands active cash flow from time to time and as the business starts to grow, the need to have capital rises rapidly. In order to have a successful startup, one must have a command of effective cash management. According to a recent survey, 85% of new companies are apparently underfunded, which indicates a possible failure.  

2. Revenue Generation

One of the main reasons behind the failure of many startups is insufficient revenue generation. The focus on the core mission and vision gets diluted as the company grows and expenses rise alongside declining revenues. This leads companies to focus more on fundraising. As a result, producing revenue is crucial, demanding good burn rate management, which is just the pace at which businesses spend money initially. The process of developing and keeping growth is more challenging than finding enough funding.

3. Team Members

It is a crucial step which decides that whether your startup will reach the IPO stage. One must hire a team that understands your vision and mission in order to help you in your startup expansion. One should start by recruiting a team of reliable individuals with complementary skill sets. Having a team of people, where everyone is specialized in their area of work is a bonus for a startup. But not having a strong team can be one of the reasons for startup failure.

4. Strong Support System

In the lifecycle of startups, there are multiple support mechanisms that play an important role in startup success such as incubators, science and technology parks, business development centers, and many more. When these support systems are not available, there are high chances of startup failure.

5.Increasing Market Awareness

We often neglect the market barriers or sometimes unintentionally forget to take a detailed look at the market limitations. This becomes the major cause of startup failure. When you are trying out a new product, the environment for a startup becomes more challenging than for a well-established company. 

6. To Match Customers’ Expectations

Another major challenge is to understand the market’s need for the product, current trends, demand for the product, etc….In order to satisfy the customers’ expectations, one needs to come up with new changes in their product offerings and that demands innovation. If you want to stand up differently from your rivals, you need to be well-versed in your sector. As new technologies are coming continuously, it has become very important to create something that surpasses the previous innovation.  

7. The Founders' Tenacity

Startup founders need to be strong when times are difficult. Setting up a business is difficult, especially during the initial phase. The beginning process is filled with delays, setbacks, and issues that can’t be resolved. In order to pursue their goals, entrepreneurs must be tenacious and should be ready to cope with upcoming situations.

8. Rules and Regulations

One has to go under several government approvals in order to start their own business. Registering an office is difficult, even if you see noticeable improvement during the approval process. India has strict regulations governing labour laws, intellectual property rights, dispute settlement, etc.

9. Lack of Mentorship

Having appropriate guidance during the initial phase of your startup is a must. One of the main issues in the Indian startup environment is a lack of appropriate guidance and mentoring. There are many entrepreneurs out having the best ideas/concept, but the main reason that most startups fail is the lack of mentorship, lack of proper guidance, and lack of market, commercial, or industry knowledge to get their products to customers. It is a well-known fact that a great concept only works when it is immediately put into action. The largest challenge that could put a potentially good idea to rest is a lack of sufficient mentoring or coaching.

10. An Inadequate Branding Strategy

Another problem that prevents startups from thriving more quickly is the lack of an effective branding strategy. According to Hemant Arora, Business Head-Branded Content at Times Network, branding is extremely important since it provides a product with an identity and takes up space in customers' minds.

Conclusion:

The startup industry has numerous difficulties ranging from finances to human resources and from launch to tenaciously sustaining the expansion. As a country with a huge population, there are numerous opportunities open for startups selling goods and services ranging from food, retail, and hygiene to solar and IT applications for everyday problems that could be provided at reasonable pricing. It is appropriate to point out that some of these firms might turn into unicorns and establish themselves as household names if they extend into other emerging and underdeveloped nations.

[professionalutilities1]

What is "startup funding"?

Startup funding:- Funding is the cash required for a firm to launch and operate. The money utilized for expansion, product development, inventory management, sales, and marketing is known as startup funds. Space for offices and start-up costs for the business. Even though they have a lot of options, most entrepreneurs choose to raise money from their founders. Investing in startups presents a significant possibility to generate substantial profits, as these businesses continue to expand their customer base, generate revenue, and scale their operations quickly. The ideal kind of starting finance will vary depending on the kind of business, the owner's financial status, and whether or not they qualify for any of the various loans that are available.

[propicsmedia]

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[abiodun-360degree]

The Best Advice for Start-up Companies. Straight Business Talk

The Best Advice for Start-up Companies. Straight Business Talk https://www.linkedin.com/pulse/best-advice-start-up-companies-straight-business-talk-ajala-abiodun?utm_source=share&utm_medium=member_android&utm_campaign=share_via

[cryptotechnews24]

Revolutionizing Cross-Chain Liquidity and Collateral Management with Concordia Protocol

Concordia, a groundbreaking protocol for managing risks and collateral across multiple chains, has successfully raised $4 million in a seed funding round. The funding was co-led by Tribe Capital and Kraken Ventures, with participation from prominent investors including Cypher Capital and Saison Capital. Testifying to the protocol's potential, Concordia recently launched its public testnet on Aptos, marking a significant milestone. The eagerly anticipated mainnet launch is expected to take place within the next few months, accompanied by Concordia's expansion onto additional chains.

Streamlining Cross-Chain Liquidity and Collateral Management

Decentralized finance (DeFi) has experienced remarkable growth since the "DeFi Summer" of 2020. However, this rapid expansion has led to fragmentation within the ecosystem, presenting challenges for users seeking to transfer assets or access liquidity across different blockchains. While cross-chain bridges offer a potential solution, they also introduce security risks. Concordia aims to address these challenges by simplifying the process, mitigating risks, and introducing compliance measures. By doing so, it seeks to attract both decentralized and traditional finance (TradFi) participants, creating a more inclusive and secure space for all.

Enabling Seamless Access and Management

One of Concordia's primary goals is to provide users with easy access to cross-chain liquidity and collateral management. The protocol offers a user-friendly interface, allowing individuals to manage collateral used for margin trading effortlessly. Margin trading involves leveraging borrowed funds to buy or sell assets with the aim of generating profits. Concordia's unique approach eliminates the need for wrapped tokens or bridges when transferring assets across multiple blockchains. Users can conveniently manage their collateral and transfer assets from a single account. This streamlined process enhances convenience, efficiency, and security.

Flexible API Architecture for Customization

Concordia's underlying application programming interface (API) architecture is modular, enabling tailored solutions for various market participants. Institutional investors, for instance, have the flexibility to select and implement specific features according to their requirements. This adaptability ensures that Concordia caters to diverse user needs, providing a seamless experience for all stakeholders. Additionally, developers interested in building applications on Concordia can access the protocol's shared pools of liquidity. This access opens up numerous possibilities for innovative DeFi applications, empowering developers to create value-added solutions within the ecosystem. Thomas Ruble, Concordia's Chief Technology Officer, emphasized the protocol's ambition to bridge the gap between DeFi and TradFi. Ruble stated, "Our vision is to facilitate the movement of real assets at the speed of frictionless blockchains. Just as both Main Street and Wall Street leverage the same World Wide Web, they share a common interest in a unified global financial fabric."

Conclusion

Concordia's successful seed funding round demonstrates the growing recognition of the protocol's potential in revolutionizing cross-chain risk and collateral management. By streamlining liquidity access, enhancing security, and fostering compliance, Concordia aims to attract both decentralized and traditional finance players to the ever-evolving DeFi landscape. As the mainnet launch approaches, Concordia is poised to make significant strides in bridging the gap between DeFi and TradFi, driving innovation and enabling seamless financial interactions across diverse blockchain ecosystems. For more articles visit: Cryptotechnews24 Source: coindesk.com

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[turtleventurestudio]

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Don't put off starting your own venture any longer. Contact Turtle Venture Studio today to learn more about the advantages of working with us on your startup.

[karaokulta]

🚀 ¡Atención gamers y visionarios del mundo digital! La noticia del día viene directo desde el frío norte: Porcelain Fortress, el estudio con base en Islandia, ha levantado nada menos que $3 millones en financiación inicial. ¡Todo un power-up para sus ambiciones de desarrollo! ✨ Este logro es un claro indicativo de que: - La industria del videojuego está más caliente que nunca. - Las startups con propuestas innovadoras tienen terreno fértil para crecer. 🎮 Recordemos que Porcelain Fortress no es cualquier jugador en la arena digital, su juego No Time to Relax ha cautivado a muchos y, con este nuevo capital, nos hacen imaginar mundos y aventuras que podrían estar horneando. 💡 Preveo que esto es solo el comienzo: - ¿Veremos una expansión del universo No Time to Relax ? - ¿Podría estarse gestando un nuevo título que revolucione la forma en que jugamos y socializamos? 📈 La semilla está sembrada y el terreno islandés promete cosechas épicas para la industria. Mantengan sus joysticks preparados y sus mentes abiertas, ya que la creatividad no conoce fronteras y el futuro está lleno de posibles DLCs para esta historia. 👾 ¿Qué opinas sobre los movimientos en el tablero de la industria de videojuegos? - ¿Cuál es tu predicción para el próximo gran hit de Porcelain Fortress? - ¿Cómo crees que estos $3 millones transformarán el paisaje gaming? ¡Desenfunda tus ideas y comparte tus teorías en los comentarios! O mejor aún, etiqueta a ese amigo que no puede vivir sin su dosis diaria de videojuegos. 🕹️ #GamingRevolution #PorcelainFortress #IndieGames #GameDev #SeedFunding #FutureOfGaming #CreativeStartup #GamerLife 🎲 ¿Crees que un estudio de Islandia pueda estar fraguando el próximo juego que contagie a millones? ¿O tienes alguna predicción gamer que quieras lanzar a esta arena? ¡Los comentarios están abiertos para tus jugadas maestras!

[gmtasoftware]

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Discover proven strategies to find investors for mobile app startups and secure funding success today! Learn more by clicking here 👉https://rb.gy/3mz6tz Explore more on our website. Click for exciting content 👉 https://bit.ly/3Q1DxTB @gmtasoftware 𝗖𝗼𝗻𝗻𝗲𝗰𝘁 𝘄𝗶𝘁𝗵 𝘂𝘀 -: 📝𝗘𝗺𝗮𝗶𝗹 - 𝗶𝗻𝗳𝗼@𝗴𝗺𝘁𝗮𝘀𝗼𝗳𝘁𝘄𝗮𝗿𝗲.𝗰𝗼𝗺 🌐𝗩𝗶𝘀𝗶𝘁 𝘂𝘀- https://lnkd.in/dnXqqJFp 📞𝗖𝗼𝗻𝘁𝗮𝗰𝘁 - 0141-4022847

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[impactfulpitch]

Stages of a Startup: From Idea to IPO

It's inspiring to hear how 18-year-old college dropouts are achieving their goals and sailing the success boat! Such stories are incredibly motivating and encourage many people to launch and expand their businesses. Getting up and starting is a big step, but the next query is, "What stage is the startup at?"

How far along is the startup? How do you know what stage you are at? is a question that most startup entrepreneurs are asked. Do you feel the same concern with regard to your startup? Do not worry. This blog will assist you in comprehending the various phases of a startup. You can determine where you stand by reading this.

1. The Pre-startup Stage

The discovery stage or identification stage is another name for this step. This stage is particularly crucial, especially for SaaS firms. At this point, you should be able to recognize an issue and comprehend how your solution will address it. At this stage, you undergo extensive research and attempt to comprehend many perspectives on the issue. In order to fully understand the issue you aim to resolve, you must participate in discussions.

The following events take place during this phase:

To learn more about the product, connect to potential customers.

Write out your mission and vision.

Establish financial plans for the new business.

Join forces with an incubator or startup accelerator

Start by developing a minimum viable product.

2. Startup

After you've finished the preliminary work, the following step is to put it all into motion. The problem/solution fit stage is another name for the startup stage. Since it marks the beginning of long-lasting partnerships, it is a noteworthy stage for the majority of startups. Your first customer acquisition would be your hardest challenge as a SaaS firm. 

One of the most crucial points to keep in mind in this situation is that your initial clients may also end up becoming brand ambassadors and devoted customers. Given this, you should concentrate more on giving customers the finest service than on making plans for the subsequent stage, i.e., scaling and expansion.

The following events take place during this phase:

Upgrading the fundamental aspects of the MVP to attain the proper product/market fit

Recruiting essential employees who comprehend the mission/vision

Receiving payment from customers

Getting the initial funding

3. Growth & Expansion

The scaling and growth stage comes next. This is the most crucial phase of your journey because it is the time when your company expands and transforms from a startup to an enterprise. Congratulations if you find yourself in this situation!

You have already developed a strategy and fixed the procedures that work best for you during the launch phase. You have also made a name for yourself in the industry. Your subsequent action will be to expand. During the scaling and expansion stage, you will do precisely that.

The scaling and expansion stage is about profit generation, whereas your priority in the startup stage is on generating revenue and maintaining the cash flow. Your SaaS company will simultaneously need to make room for rising cash needs in order to sustain aggressive scaling and client acquisition.

The following events take place during this phase:

Preparing for a series of financing

Recruiting senior executives

Aggressively gaining customers

Preparing activities for customer retention

Back-end scaling enhancements

Establishing procedures for analytics and testing (a/b testing and split-testing)

Creating a product sales process

Teams working together on products, sales, and marketing

4. Maturity

The mature stage comes next. At this point, your customers are aware of you and the goods or services they purchased. In the growth stage, when your numbers significantly grew, you might not notice the same dramatic change. Even if the progress is currently very gradual, you must continue. To keep growing, you'll need to come up with fresh ideas.

Apple is the finest example. When it reached the mature stage, the tech behemoth moved into newer markets and diversified its offerings of goods and services. By adopting a similar strategy, you should be able to enhance your product by including new features.

The following events take place during this phase:

Seeking to expand in new markets and find new opportunities

Preparing to upgrade present offerings, introduce new offerings, or both

Prepare for an IPO.

Plan your exit strategy

Final Thoughts

From the conception of an idea to the verification of the addition of new features to an established product, each stage of the startup lifecycle is important. There is no one way you must proceed. Just make sure you have the knowledge, enthusiasm, and resources necessary to proceed and you are good to go!

[spvhub]

Advisory shares: What startups should know

Unlock the full potential of your startup with the strategic use of advisory shares. Our latest blog dives into the essentials every startup should know, from allocation strategies to managing legalities.

Don't miss out on key insights that could empower your growth trajectory.

Dive into the details here: https://spvhub.com/advisory-shares-what-startups-should-know/

#startupGrowth #AdvisoryShares #Startup Strategy #SPVHub #AdvisoryShare #startupbusinessfinancing #angelinvestors #seedfunding #startupgrowth

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Start ups, create investor interest by utilising social media! Share your unique story, interact with followers and showcase progress. Connect more to win big! More Info https://ylink.biz/1aukee #InvestorFunding #StartupFunding #AngelInvestors SeedFunding #PitchDeck #Fundraising

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To get complete knowledge on Startup India Seed Fund Scheme, join a course at https://www.msmekipathshala.com/course/SEEDFUNDING-47561