One of the key challenges faced by start-ups is when they cross ways with the state or central authority. Sometimes, a product has the chance to become a commercial success, but if it is receiving minimal funds and loans from the government, or if related licenses don't get issued, the whole project is aborted; sparing a huge innovation setback for the budding company.
Any business or idea could flourish only when, even a few people, if not many, praise it. The key aim for any business is to earn profit, along with providing services, and all these depend on the frequency or the number of times it is sought by someone; be it an individual or a business-to-business entity.
Investing available resources and manpower in the best alternative is a tough call for a tech start-up, owing to its size and financial conditions. Knowing the positives and negatives of its personnel, and creating new alleys to channelize their energy and intelligence is a profitable thing, but due to stringent deadlines and time spans, they often prove non-committal towards beginners.
Market situations are never constant, they are highly fluctuating. In such a scenario, many start-ups finish even before they get started. Any rise and fall in the monetary rate, or a business cycle change, brings a heavy effect on the existence of the company. Also, it depends on the type of business it is venturing into.
Faith is a key instrument for a start-up to explore the realms of success. And, often it happens that, one of the founding fathers of the entity, or one of the partners decides to drop the current one and work on different projects, rather than investing time on the same one. In such a case, the company tends to lag behind, as everything needs to be figured out right from scratch again.