10 Obstacles Faced By Indian Entrepreneurs
#4 What innovation? Have you applied for a patent?
The lack of R&D fund cripples down most of the startups from growing bigger and better. A startup focused venture capitalist points out the fact that most tech start-ups try and focus on the service side of things or at the greater extend customize tech platforms to meet their requirements. Bandwidth is what restricts our country from developing something as huge as Apple, Google or Facebook.
#3 'No-transparency' is in, but that does hurt business
Integrity and transparency at any cost must be safe guarded. There are many incidents that can be spotted where business relations are highly ruptured as cases are taken to judiciary for fraudulent deeds. There are even e-commerce sites that were shut down as they failed to deliver the commodities leading to the imprisonment of the promoters.
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