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International Journal for Research Trends and Innovation
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ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
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Impact Factor : 8.14
Issue per Year : 12
Volume Published : 10
Issue Published : 112
Article Submitted : 17348
Article Published : 7552
Total Authors : 20065
Total Reviewer : 733
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| Paper Title: | FINANCIAL MANAGEMENT`S FUNCTION IN STARTUPS SUCCESS ELEMENTS AND DIFFICULTIES |
| Authors Name: | ARVINDH.N , VIJAYACHANDER.V.S |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJRTI_189989
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| Published Paper Id: | IJRTI2406036 |
| Published In: | Volume 9 Issue 6, June-2024 |
| DOI: | |
| Abstract: | An important factor in determining whether companies succeed or fail is financial management. This essay examines the importance of sound financial management for startups, highlighting critical components of success and common challenges encountered along the way. The dynamic and uncertain circumstances in which startups operate highlight the significance of making wise financial decisions. Effective resource allocation, risk assessment, cash flow management, and cautious budgeting are all components of success. However, startups have a number of difficulties, including difficulty projecting revenues, restricted access to finance, and a lack of financial competence. Proactive steps including securing outside finance, utilising financial technology, and promoting financial literacy among stakeholders are needed to address these issues. Through a comprehensive comprehension and skillful navigation of these financial management dynamics, startups can augment their resilience and maximise their prospects of enduring expansion and triumph in fiercely competitive markets. The study also emphasised the significance of financial literacy and the necessity of improving young entrepreneurs' access to financial resources and education. Numerous individuals conveyed their need for mentorship and advice regarding financial planning, budgeting, and investment tactics. In order to overcome these issues, the research paper offers suggestions, one of which is to promote alternative funding sources including crowd sourcing websites, angel investors, and venture capital. |
| Keywords: | Startup Financial Management; Special Accounting Difficulties; Volatility of Cash Flow; Historical Data Absence |
| Cite Article: | "FINANCIAL MANAGEMENT`S FUNCTION IN STARTUPS SUCCESS ELEMENTS AND DIFFICULTIES", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.9, Issue 6, page no.262 - 267, June-2024, Available :http://www.ijrti.org/papers/IJRTI2406036.pdf |
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| ISSN: |
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID: IJRTI2406036
Registration ID:189989
Published In: Volume 9 Issue 6, June-2024
DOI (Digital Object Identifier):
Page No: 262 - 267 Country: Namakkal, Tamil Nadu, India Research Area: Management Publisher : IJ Publication Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI2406036 Published Paper PDF: https://www.ijrti.org/papers/IJRTI2406036 |
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ISSN: 2456-3315
Impact Factor: 8.14 and ISSN APPROVED,
Journal Starting Year (ESTD) : 2016
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