The start-up industry is booming in India. With a high investor confidence, better government policies, the environment is highly conducive for the industry. The competition too is rising at an increasing pace which will eventually lead to the launch of new products and services.
So, what truly precedes a venture’s success is preparation-supported with a realistic business plan. Characteristically, it is more to do with the risk taking appetite of the entrepreneur, as well as the ability to manage the risks. Then there are more factors to be taken into considerations to propel your way up. Here are seven things one must keep in mind before joining the start-up bandwagon.