Starting up is a challenging journey. The odds are stacked up against you. The chances of failure are significantly higher than success. And that is true the world over.
This is because the startup is dealing with a number of risks – concept, market, product, etc., and the founders have to navigate all these odds to be able to succeed. As my friend RehanYar Khan, Managing Partner, Orios Venture Partners, says, “For a startup to succeed, various functions such as product development, pricing, technology, operations, customer service, marketing, finance and HR management have to be cohesively performed. Execution of each of these elements has a direct impact on the performance of the venture.”
