Abstract:
A large proportion of start-ups fail or cease to grow due to poor execution of business
functions. For fructifying the agenda of economic growth through creation of new
enterprises, it is important that a decent number of HTFs emerge. However, besides efforts
to promote start-ups in general and hi-tech new enterprises in particular, an enabling
environment would be necessary to assure that the enterprises mature, grow and become
sustainable in the long run. Against this backdrop, with due importance to smooth execution
of business as a precursor of growth, this study, based on responses of 48 entrepreneurs
running hi-tech firms (HTFs) in start-up stage, highlights the challenges faced by them in
smooth operations and execution of growth plans.
