UNDERSTANDING THE CHALLENGES AND ISSUES FACED BY THE START-UP COMPANIES IN THE NATIONAL CAPITAL REGION WITH RESPECT OT THEIR FINANCIAL AND HUMAN RESOURCE MANAGEMENT TECHNIQUES

Abstract

With the rising trend of start-up companies being launched in the market at an exponential rate, an entirely new format and concept of financial management and human resource management techniques has emerged. These start-up companies are not operating as an entirely professional venture, but work through an association of a bunch of enthusiastic entrepreneurs who aim to develop and propagate some innovative products and services, as full time entrepreneurs with a full fledged consideration of the financial, social and environmental viability and sustainability of their produce. A great majority of such start-ups operate through loose organizational structures during their initial years and consequently develop their own operational styles that are far more flexible and innovation-driven than their conventional counterparts. They find major stiffness in capital generation and employee management during their preliminary years of operation. The main reason for the success or failure of any start-up depends on the nature and duration of funding as well as the support these start-ups get from their employees. Therefore, the project aims at highlighting the various sources of funding that are profoundly explored by such start-ups during their seed stage as well as the operational stage along with a sneak into their human resource management techniques during initial years of operation. The project targets to present the scenario with different categories of start-ups based on the nature of work and years of operation with deliberate focus on their schemata of financial and human resource management techniques. The research will include surveying the start-up companies operating in Delhi/NCR using questionnaires and some in depth interviews with certain relevant start-ups to completely analyze the ongoing notion. It can be confirmed that an entirely unconventional scheme of management can be explored in the research with start-up companies and a major transformation can be expected in the coming years. In the current study, the researcher aims to find out the challenges and issues faced by the start-ups with respect to their financial and Human Resource management perspectives.