Funding for Startups According to a study, around 94% of new businesses get stalled due to low funding. Money plays the vital role in building infrastructure, gaining resources and acquiring employees. For a revenue-generating business, one has to put efforts in building capital. That’s why every entrepreneur thinks about the finance related issues first. The requirements of funding and finance entirely depend on the nature of the business. Depending on the type of business, entrepreneurs have to select the any one of the alternatives for financing purpose. Here are some ways which can be used to raise funds for Startups in India. Self-funding for the business Self-funding, or bootstrapping is the best and efficient way of financing the startup business. This one is more important because nobody like to invest in a pre-mature business as the succession plan is not clear of such type of business. Moreover, money from family and friends ...
HOW TO DEVELOP ENTREPRENEURIAL SKILLS AMONG COLLEGE STUDENTS: College is the best place where a student can develop their ideas by the side of academic development. At college, a student gets ample opportunities to develop their entrepreneurship skills a lot of resources are easily accessible. For the successful development of a business strategy, enough research is to be done. Before starting a business, one must have a clear idea about the goals and the prospects of the business module. One of the major features of an entrepreneur is multitasking to balance the academic and business ideas in an organized fashion. It is preferable if the students intending to create new startups, join the old and running startups of the college as they provide enough material for skill development and learning time management. Creating a business might sound appealing but while drafting the idea all the pros and cons must be properly analyzed. As these unique ideas would help to bri...