Most entrepreneurs go through a phase in their journey when they are frustrated with their business, and nothing seems to go in the right way. This is quite natural, considering that entrepreneurship is a tough job. In a lean phase, it is not unnatural for an entrepreneur to stand back and think if all the trouble he/she is taking to run the business is really worth it.
The real estate sector has been reeling under a series of adverse circumstances events over the last few years. High interest rates, shaky global sentiments, decelerating GDP growth and liquidity crunch on the developers’ side are some of the factors that have interrupted the Indian real estate growth story.
Given the state of the Indian economy, Finance Minister P. Chidambaram is most likely to unveil concrete measures to revive growth and ensure fiscal discipline in the union budget to be presented Feb 28, economists and analysts believe.
Lack of trust among the manufacturers in the auto parts industry in the Jamshedpur district of Jharkhand is hampering the smooth running of the industry. Most of the manufacturers in the industry do not trust each other and refuse to co-ordinate with other industrialists.
What qualities make a successful entrepreneur? Do you need certain qualifications for your start-up to succeed, or will your dropping out of college ensure the growth of your business? Do you need to be in your 20s to build a lasting business venture, or do 40-year-olds also have hope?
Writing a business plan is a very important step in the establishment of a start-up, or an existing firm looking for funding in anticipation for further growth. An effective business plan will hit the right chords with the investors and other parties, and inspire them to be associated with the firm.
With firms going global and the advent of virtual offices, it has become possible for businesses to have a diverse team of individuals work for them. It has become easier for firms to hire people belonging to diverse geographical areas, diverse cultural backgrounds and educational qualifications.
Lack of exposure to modern technology has become the biggest hurdle in the growth of the auto parts manufacturing sector industry in Jalandhar, Punjab, according to the manufacturers.
Despite manufacturing a number of products, the cotton seed industry at in Maharashtra’s Amravati district has failed to make its mark in international markets.
Nitin Arora, CEO, Cream Bell, believes that there is a huge opportunity for his firm to bring a smile to people's faces. Considered one of the fastest growing brands in India, Cream Bell is among the top five brands in the ice cream category.