Recommendations

To enter and make a successful way into the start-up world youth
has to take proper precaution or better off if they have a right
plan for it, analysing current and past conditions and trends of the
market in the particular sector in which they are planning to
make their business. A right plan also has to be a bit of flexible to
tackle sudden market risks. Another very important and in a way
necessary recommendation would be for them to have proper
training by help of which they will have an idea of what they are
getting into, the proper way to make plans and what mistakes
should they necessarily avoid.
If the new start-ups manage to collaborate with established firms
in their particular sector, it can work as a point of advantage for
them as they will be surrounded by influential people and will be
under a supervision and it will be sort of a security for them in the
market.
The model and plan that is to be executed for the start-up has to
be scalable as it will help in the future for the expansion of the
business, engaging to the potential customers is very important
for a start-up.
One of the most important things for a start-up is about the idea,
about it being innovative or unique. A lot of Indian start-ups have
been observed to be inspired by western culture or western start-
ups or western established companies. The culture in India, the
distribution of Economic classes in India, the problems in India
are very different than that of western countries, so Indian
entrepreneurs have to come with an idea that has unique
perspectives for Indian situation and that is centred towards
addressing severe Indian problems and it is not just about
copying from western countries.
Usually in a start-up one of the objectives is to make profit in
running years of the firm but now a days, in recent start-ups, the
thought of making profit is so high in the preference list that it
usually affects a firm’s productivity and its basic objective that is
supposed to be solving problems of the society. An entrepreneur
has to understand that start-ups are not just about making profit,
they have to be productivity centred and their sole focus should
be on problem solving.