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Ways of Life for a Successful Entrepreneurial Journey

Vishal Sharma
Founder-Talluk.com
Tuesday, January 26, 2016
Vishal Sharma
As the business dynamics have been rapidly changing, especially since last 15 years, the risks, challenges and the mitigations have also taken a new shape & form. The world today has become flat & thus, a local business can suddenly face the heat of competition from thousands of miles away. The digitization has enabled the businesses to expand with a click of button and this has also given rise to the challenge of entering wrong markets. I can broadly list 10 major challenges which the startups are facing in the current business ecosystem.

• Identifying the real problem statement to start a business and not the symptoms alone.
• Building the right team.
• Building a scalable model
• Raising just the right money against right valuation by right investors
• Following innovative model or adoptive model
• Developing robust business model
• Execution
• Cash Flow Management

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