The prudent entrepreneur toolkit for startups6 min read 12 Aug 2019, 08:31 PM IST
Being financially prepared is key to surviving the transition to launching a business and becoming your own boss, but there are other bases to cover too
If you are quitting your job to start a business, ensure you have a health insurance and a sufficient emergency fund
Even before the buzz about the tragic death of Cafe Coffee Day founder V.G. Siddhartha has had a chance to die down, reports have started coming in about Byju Raveendran, chief executive officer of Think & Learn and the developer of the education app Byju, becoming India’s newest billionaire. That entrepreneurship can take one to the highest of highs or lowest of lows is no mystery. A 2018 survey, titled Entrepreneurial India, released by IBM Institute for Business Value and Oxford Economics, revealed that 90% of Indian startups fail within the first five years of their inception. However, that doesn’t deter young Indians from choosing to take entrepreneurial journey.
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