- About us
- How to start business
- What are key performance indicators of Business?
- Key things to consider for expansion Globally?
- Key problems in Manufacturing Industry
- Problems of Startups
- What is Business Plan?
- Case Study
- Pricing Details
Problems to be anticipated by start ups
Diversification of product: The focus is lost on what was actually conceptualized, sometimes its good but major of the time the actual product loses its focus, this happens during the making stage when team members come out with various ideas and the implementation starts across all the products. This ensures that the actual concept of product is lost in terms of time and efforts.
Sales aren’t meeting expectation: Once on hitting the focus shifts from product to generating sales which does need time, remember the product you are launching is new and would require sometime, desperate levels go up which ensures sales team run around to bring in revenues. This ensures that the actual
Cash Flow: Just starting a company with a idea and hope that you will be raising funds or having prepared proof of concept and expecting investor to pump in money to get you rolling. This is not the right approach, firs get yourself test of waters and have some initial funding either from friends and family. Use these funds to ensure you can go longer and stay alive In market. Cash flow is the best indicator to keep you on your toes with regard to how things are happening financially. Do ensure some breathing space and getting the actual test of market for your product or service.
These are the major set of problems which you as entrepreneur should anticipate this will help you to keep track of your day to day progress.