Entrepreneurship and Startups
Year: 2024
Type: article
Abstract: Startups ventures are important in today’s economies as they bring change through innovation, job creation, and solution of social needs. This paper examines the parameters of startups, focusing on the stages before launching the business that define its fate. This paper qualitative and quantitative review analyses issues like poor market research, lack of adequate financial resources, and the need for flexibility in today’s volatile markets. Emergency remote teaching, based on case analyses of firms such as Dropbox, Zoom, and Slack, identifies major components of success including market-product fit, team constitution, and financial vulnerability. In addition, varying degree of persistence, new ideas, and strategic risk-taking are examined to explain the level of growth. Overall, this work highlights the need to adapt, to think in sync with market forces and to have adequate business plans when exploring the murky terrain that is the startup environment. These are including improved emphasis on customer-oriented innovation, optimal funding management and effective utilization of globalization factors. Depicted below are findings meant to help aspiring entrepreneurs avoid common pitfalls to achieve sustainable success in their start-up domains.
Author: Yusupova Ruxshona
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W6912003641
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