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Shrihari Allangala

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Shrihari Allangala

Partner

fundingsolutionz, Bangalore

Shrihari Allangala is a member of:

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Common Challenges Startups Face

Many start ups tend to do all the work by themselves than building a team. Its a situation where they cannot have the right talents due to lack of funding. They are always in the in the business than on the business hence it is difficult for them to grow. The common most challenge they face is the lack of quality of advise they receive. The right advise at the right time would make them grow much faster.

Ignorance of the process of raising capital is one of the most common hurdle many start ups face and its very clear that only the best ideas will attract the funding. if the start ups do not have clear vision and scalability of the business and a great management team which complements each others skills, it will be pretty much difficult to attract the right funding.

My Advice If You are Starting Out

Many start ups tend to do all the work by themselves than building a team. Its a situation where they cannot have the right talents due to lack of funding. They are always in the in the business than on the business hence it is difficult for them to grow. The common most challenge they face is the lack of quality of advise they receive. The right advise at the right time would make them grow much faster. Ignorance of the process of raising capital is one of the most common hurdle many start ups face and its very clear that only the best ideas will attract the funding. if the start ups do not have clear vision and scalability of the & nbsp; business and a great management team which complements each others skills, it will be pretty much difficult to attract the right funding.

3 Piece Advice

a) Get a great Business plan which articulates clearly the offerings
b) Think like an Investor and ask yourself would you put money in to similar business?
c) Be realistic in your expectation. (A start up with 40 employees wanted to raise US$ 25 million and we advised them to be realistic and now they have reworked on their plans and are planning to raise US$ 5 million)