Entrepreneurship is th trend of the day. Recent times have witnessed that graduates from IITs and IIMs have rejected job offers that would have paid them in 8 figures. This is not new and has been going for quite some time now. For various reasons youth today is more inclined towards entrepreneurship. Since last half-a-decade, ‘Entrepreneurship’ and ‘Start-up’ are two keywords that doubled in the Google Search. Business environment is also more conducive than before. However, for first-generation entrepreneurs challenges still remain.
Today’s fiercely competitive business world throws many challenges to entrepreneurs. However, fortunately, in today’s times entrepreneurs are equipped with more resources for tackling those problems than what existed before. The following lists some top challenges faced by first-generation entrepreneurs and solutions so one can operate an efficient and successful business.