| Topic : Lacking in support and understanding. |
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Business & Strategy |
Business Innovation |
Business Innovation, Strategy and Development
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Activity:
228 views;
last activity : 07 06 2010 20:18:09 +0000
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Lethargic bureaucracy, Currupt Politicos, Local Pressure Groups & Finally Govt.’s failue to address local concerns, etc.
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Lack of addressable market
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red tapism
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Corruption
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India is not a Organized market
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Lack of Guidelines, and peer confidence..
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Starting is not difficult, running is difficult due to Taxes, corruption and red tape
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its easy
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Lethargic bureaucracy, Currupt Politicos, Local Pressure Groups & Finally Govt.’s failue to address local concerns, etc.
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Lethargic bureaucracy, Corrupt Politicos, Local Pressure Groups
& Finally Govt.’s failue to address local concerns, etc. Land Mafias, Local Vested Interests, Litigations, etc. are all
other reasons why it is very difficult to establish a new venture in India.
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Any new venture has to obtain lots of pre and post registration licenses and clearances. Almost all these clearances will come only with speed money and most startups die as they would not have budgeted for this speed money and black mails by babus who sit on the NOCs/approvals
http://www.aponline.gov.in/quick%20links/businesslifecycle/Clearances.html
lists the pre/post clearances needed. These hurdles only help the big to grow bigger.
India is one country that doesn't use all the resources it has and looks outside. a country with greatest human resources and demographic dividend does not get support from the govt. cheap labour and resources were the greatest resources and advantage are becoming costlier only due to lack of suppor from the govt.
I completely agree with the point. If an entrepreneur wants to start a business with hard earned capital, he would be forced to spend the lion share of it to satisfy the needs of the people including the peon to the politicians at the top of the ladder. How can then he start the business with inadequate capital left? So, the better option would be to remain satisfied with the meagre salary available by being in the corporate world.
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I feel it is important to have a big addressable market and India lacks it despite its large population. In our country, for any start up, till it reaches a larger chunk of population in the market, it does not become successful which is not so easy in India. Thats why it is not so easy to set up new ventures in India. There are many things which needs to be Indian centric if it needs to be successful. |
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India being a demographically diverse market, needs a mass product to appeal to its vast and diverse populace. Niche products will always find it difficult to obtain a strong foothold in this country. A venture that benefits / addresses a selective minority stands lesser chance of achieving success, especially in the short run.
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running it peacefully is the tough part... |
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exactly.. and esp in Kerala, more money goes into filling the pockets of political stakeholders, than into the business...
Despite claims of liberalization, the inspector raj is still alive and kicking. Some friends who run (or try to run) business firms tell me that there are still 20-plus inspectorates and inspectors whom one has to keep satisfying in order to run a business firm unhindered.
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To start a new venture in India, it is very difficult. The process start with corruption. Start from the attender in a company registration office to top level decision maker, the person has to pay the bribe. Based on the size of the venture, political leaders also involved in the process of corruption. It is one of the biggest formality in India. If corruption and red-tapism are removed India can become "number one in the world" in all the aspects. |
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India is not a organized market.Not so easy to find & reach ultimate customers. Moreover,as already mentioned above,lot of curruptions,complicated systems,Many unwanted Government policies,Huge taxations,Insufficient Infrastructure...Lack of ethics with business organizations... |
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Setting up a new venture starts with an instinct, which if boosted by peer group, turns into idea, this idea if properly guided, can make the enterprising person confident of the start. Then there are no mentors, or entrepreneurial support systems for Management, strategical, and Financial needs. The ones having Mentors have a big issue regarding support of peers, or of negative people in the dominating positions in their life. If these all pieces fall into places, the Business Ventures will sure come up and fair well.
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I have been an entrepreneur for almost an year, business opportunities are plenty, easy to have profits, but as soon as you cross a certain limit of revenue. Taxes go heavy and try to kill our business. Whichever office you go, they ask for bribe and it gets worst if you are in few states and second grade cities. I do not know about USA but I am sure about India, If you can not start an enterprise here and be successful, I do not know if there is any other land so full of opportunities. Saying it from personal experience. |
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its easy and cost effective to establish new ventures in india |
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