Wikipedia introduces Entrepreneur as a

loanword from the French language that refers

to a person who undertakes and operates a new
venture, and assumes some accountability for
the inherent risks. Being in business or being an
entrepreneur is about taking risks and
confronting challenges
According to Global
Enterpreneurship Monitor(GEM) project India Report 2001, Due
to social rigidities, Indian women are half as likely as men to be
entrepreneurs. Younger, moderately educated, and reasonably
well-off people are more likely to be entrepreneurs. The types of
startups encountered were mostly consumer-oriented, comprising
of trading activities, most have just about a handful of employees.
The wheels of India's bureaucracy still turn too slow for
entrepreneurs, the educational system is not good at promoting
entrepreneurial skills, Indian institutes have not been as good as
multinationals in R&D transfer, and India's physical infrastructure
ranks lowest among the countries surveyed in the report by
policymakers, academics and business leaders.
 For entrepreneurs that have already spent a year or
two with their business, they know the familiar
patterns of entrepreneurial challenges that comes
from starting a business from scratch.
Below are the common challenges that hinders a
business from growth and achieving its goals.
 Vision & Idea Development
 Raising Capital
 Team Assembly
 Usually the first challenge that an entrepreneur
encounters. Being able to find the right
business opportunity or being able to creatively
develop a plan is not an easy task at all
 The second of the entrepreneurial challenges a
marketer faces is the obstacle to raise capital.
 Another one of the entrepreneurial challenges
that a business must face is the ability to
assemble the right team
 Recession Blues
 Exorbitant Land Cost
 Licenses & Permits
 Multiple Taxations
 Scarcity of Trained Manpower
 Poor Infrastructure
 The Indian Hospitality Industry has not
completely come out of the global recessionary
impact.
 High land prices and tight building restrictions
create tough barriers for the entrepreneurs.
 It often takes less time to build hotels &
restaurants than to get the necessary permits to
run them.
 No uniformity in taxes imposed on the
hospitality industry.
 Lack of trained manpower will hurt a country
which is expected to see a huge number of
hotels – both foreign and Indian
 The full potential of the hotel industry can not
be trapped unless a proper infrastructure exists
in the country.
 Above mentioned are the major challenges
that entrepreneurs from hospitality background
has to face. Those who sails through are the
big names in the industry whereas many are
still struggling to reach the shore.
Here I would like to conclude with the famous
quote by Corneille, he says “To win without
risk is to triumph without glory.”
Thank You!!