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In what way can the vision and goals of the newly emerged start-ups be made more realistic during uncertain times in the country? Elucidate.

Topic:  Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.

5.  In what way can the vision and goals of the newly emerged start-ups be made more realistic during uncertain times in the country? Elucidate.(250 words)

Reference:  Live Mint

Why this question:

The question is amidst the woes start-ups across the country are facing owing to the effects of pandemic.

Key demand of the question:

Explain how the vision and goals of the newly emerged start-ups be made more realistic during uncertain times in the country and that can help start-ups pass the storm.

Directive:

Elucidate – Give a detailed account as to how and why it occurred, or what is the particular context. You must be defining key terms where ever appropriate, and substantiate with relevant associated facts.

Structure of the answer:

Introduction:

A start-up is a company or project initiated by an entrepreneur to seek, effectively develop, and validate a scalable business model.

Body:

Briefly discuss the issues and challenges the start-ups across the country are facing from supply constraints to funding.

Explain with specific examples such as – The outbreak has created new challenges across sectors, with start-ups, particularly those in the health space, bearing the brunt of the disruption caused by the 21-day lockdown.

Suggest measures to address the above challenges.

Conclusion:

Conclude that proper strategy, increase in customer interaction etc. help startups to turn adverse situations into their favor and make them realize their goals better than before.