Fiscal prudence needs to be exercised in the sense that if startups need to spend, it must be first on acquiring the right kind of talent and second on customer acquisition. “My experience tells me that it is always better to be a little conservative in the early days of your startup. In addition to that, Vikas Bhonsle, CEO of Crayon Software Experts, believes that startups need to be prudent in the early days to sustain themselves. Official figures state that 2 to 3 technology startups are being born every day in India, fueled by investments from large enterprises as well as government support in terms of funding and supportive policies. That said, these contemporary startups need to survive this momentum and scale further to achieve the status of a large company.
It is now established that India is at the point in its history of giving rise to innumerable young entrepreneurs and various futuristic solutions that can forever transform the IT industry.
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