Why Startup fails quickly? Why many new business can not exist for long time?

 

Why Startup Fails? Reasons behind failure of Startup.

What is startup?

Start up means a new business started by an entrepreneur. Entrepreneur is an individual who aspire to start a new business as earning source. Startup may be small type or big in size from investment point of view. Everyday a large number of people begin new business but only few can exist for long. Around 70% startups fail and closedown their business within one year only. While some of those can sustain in market for two to three year and then quit due to cutthroat competition in market. The loopholes that pull new business back are given below.

 

No clear target:

First and foremost duty of a business man is to know the ultimate target of his new start-ups. If he does not aware of it then his business will die of confusion. The complete map of his business world should be prepared clearly at the beginning otherwise there is 100% chances of missing target.  

 

Lack of knowledge and experience:

First of all an entrepreneur ruins his business at early due to lack of knowledge and experience about the business he started. Zero experience put your business down when difficulty comes without information.  

 

Lack of Management Skill:

Management skill refers to show direction and keep on going on that direction smoothly. If your business can not run in an average speed, it tells about inefficiency of managerial skill of entrepreneur. If manager can’t take right steps in right time then the business will definitely ruin. Uncaring mindset of a business man will not allow his business to grow up.    

 

Poor business model:

Complicated business model is tough for employees to work and difficult for customers to access your business confidently. If communication from top to button level employees is not transparent then business will face lots of unwanted troubles. Customers avoid dealing with poor model of business for poor service.    

 

Lack of Selling Skill:

Business may be small or big but selling is important in both conditions. Business means selling of goods or services to customers on profit. And profit increases with sales increase. But lack of selling skill will drive away customers and ultimately business will diminish. If you and your staffs don’t know how to allure and take a customer in grip then your product or service will remain with you.

 

Lack of Finance:

What is blood to human body likewise sufficient fund is to business. Without adequate investment the smooth flow of business gets interrupted. It also stops the growth of business. Over investment also breakdowns the financial condition of businessman. Many business fails due to over liability from banks and relatives.    

 

Wrong product or services chosen:

If product or service is not suitable according to customers demand then your business will certainly close in no time. Many business man do this common mistake that they never survey market need before starting business. If product or service can not satisfy present customer that will not able to attract new customers.

 

Overconfidence of Success:

Some new businessman think money can bring success to their business. But they don’t know it is the skill and knowledge of business that can get them success. Even they don’t take suggestion of any business mentor while their business is in difficult condition. Overconfidence becomes negative attitude and in turn the business fails to run.

 

Lack of upgrading:

In this new era everything goes changing time to time. If a business man doesn’t make necessary changes in him and to his business then there may be downfall. If you are not aware of online promoting of your business then you are far behind your competitors.

 

Lack of patience:

Patience is the hymn of success. Business is like a penance. If you want sudden profit then your business will come down because of unfair tricks you play with your customers.

 

Conclusion:

It is easy to start a business but it is that much difficult to sustain in market of competition. So if one takes care of all above mentioned information will help him to exist in market. It will also help him to take right steps in right time.

why startup fails

How Odisha became poorest state of India? Why Odisha is poor state of India? 2025

 

How Odisha became poorest state of India? Why odisha is poorest state of India? 2025

Introduction to poor economy of Odisha

Odisha is the poorest state of India though it is full of natural resources. The resources like fertile soil, sweet water, abundant forest, mine, maritime, hill and mountain, solar energy etc. are the basis of state economy. Many industries such as tourism, infrastructure, and production and service sectors are also the part of it. Still the state remains backward since ancient time though it is a part of independent India for last 78 years.  

 

Indication of poverty and poorness of Odisha

1.      Low per capita income: Per capita income in Odisha is below than national average per capita income. It is far away from per capita income of Maharashtra and Karnataka. It is the main indication of poverty of the state.

2.      Unemployment status: Lack of industries results less numbers of job opportunity. Number of unemployed is very high due to seasonal appointment in farming sector as well. Contractual basis appointment in govt. sector is another example of poverty.

3.      Migrating Labors: Millions of young and aged rush towards developed states as well as abroad for earning because there is no large scale appointment facility in any sector of Odisha. The labors have to work with small wages under pressure is a pathetic sign of poverty of this state.   

4.      State’s liability: The liability of the state on each civilian is very high and hectic.  

5.      Lack of Industry: Lack of industries is one of the major sign of down economy of the state that leads to remain poor. Basically it shows the failure of government regarding business and trade. Hence unemployment situation remains as usual.  

6.      Living status: 70% of total population lives in uncertain life style. Because the income is not stable and sufficient to fulfill even basic need of life. The gap between rich and poor is clearly reflecting in society.

7.      Public health challenge: Peoples are deprived of adequate facility regarding health issues. The state is still facing lack of efficient doctors, modern machineries and well equipped medicals. Patients have to depend on other state hospitals for major and critical health issue too. The insufficient number of medical proportionate to population indicates how poor the state is.

8.      Education sector: The education of this state is traditional type. Which is good to obtain good marks only but not practically applicable. Hence students unable to tackle the challenges of the real life. Though some schools are modernized in the name of smart school but in vain for providing effective education. Also those smart schools could not continue for long.

9.      Poverty rate: A substantial portion of the society lives in village and rural area that are still remaining in below poverty line. Especially tribal people are deprived of adequate basic facilities.

10.  Dependency on primary sector: Maximum people depend on farming which is seasonal. And vulnerable to uncertain climate and natural calamities like cyclone, flood, drought etc. Seasonal unemployment is another headache of poverty. As there is no other major option for earning except agriculture, people have to engage in it forcefully.

11.  Inadequate infrastructure: Inadequate infrastructure like road, light, clean water, sanitation and many more hindrance in development of rural as well as small town areas.

12.  Expenditure capacity: The expenditure capacity is very low compared to other developed states of India. It is also less than national average expenditure of individual.  

13.  No government vocational training center: Lack of vocational training and education is another negative aspect of this state. It downgrades youth’s skill and ability to achieve highest position in life.  

Factors behind poorness of Odisha

Poverty in Odisha is influenced by a combination of social, economic, environmental and historical factors etc. Some key factors are given below for better understanding.

Economic Factor:

A significant portion of population depends on agriculture. Agriculture in Odisha is highly vulnerable to frequent climate change. The farmers still follow traditional method of farming as well as not acquainted with new methods. More over the present generation won’t like to work in land rather than going to do job in other state for hard money. Lack of industry is another prominent cause of poverty in Odisha. Due to political disturbance many companies tried to set up their company in the state but could not succeed. It is the biggest failure of government to provide jobs.

Social Factor:

Schedule cast and schedule tribe is a major portion of the society but they are deprived of many basic facilities as others get. This is due to superstitious feeling among people. Hence they can’t avail publicly proper education, medical facility, and accessing to market etc. Low literacy rate among SC and ST leads to diminish the economy of society. Malnutrition and limited health care generate inefficient human resource. Sufficient practical and applicable education is not in prevalent which could transform poverty into developing state.     

Environmental Factor:

Natural disaster in Odisha is one of the most critical factor that break downs the back bone of its economy. The state is prone to cyclone, flood and drought frequently. Such natural disaster devastates crops and properties. Affected families face instability in livelihood and earning. Deforestation and environmental degradation in mining area affects productivity of crops, creates imbalance in financial condition.

Government Policy Gap:

Corruption in government of Odisha is very high. There is full of significant natural resources like mining. But these resources are not equally distributed all over the state because of corruption. Corrupted officers never take right steps to develop its economy. Also unfit candidates are appointed in government job by offering bribe. So their inefficiency brings down the financial condition of the state. Ultimately the narrow mindset of government personals downgrades the economy of this state badly.

Cultural Factor:

Single income to meet large families demand is very difficult. Due to illiteracy many SC, ST and tribals have no family planinig at all. Hence they face poverty strike throughout the life. Entrepreneurial activities are also very low which could be the best option of earning. Women are still restricted to do jobs and business in some families is another cause of poorness. Women are not equally treated like boys in all fields.  

Conclusion

Illiteracy is the prominent cause behind the poverty of Odisha. Moreover ineffective government policy and implementing strategies is another strong reason for it. Thirdly people of odisha are mostly fund of spiritualism rather than being entrepreneur. Last but not least the natures devastate obstacles development of the state.      

poor state

Basis of economy of Odisha

Economy of Odisha // Sources of economy of Odisha // 2024

Economy of Odisha // Sources of economy of Odisha

Base of Economy of Odisha

Odisha, the land of Lord Jagannatha is natural resourceful place. It is located in eastern part of India. It is an east-costal state which is on the Bay of Bengal. This land is full of natural resources including rivers, mountains, mine, marine, forest and plain lands etc. Economy of this state is enriched by earnings from these sources. Farming is the backbone of its economy. Apart from natural resource some artificial sources like hotel and tourism, infrastructure industry, government and private sectors also contribute extremely to its financial strength. In modern time IT sector impacts on its financial status very much. Let’s discuss in detail all about these sources.   

Agriculture  

Agriculture industry plays important and major role to strengthen the economy of Odisha. Around 70% of its total population depends on agriculture. The plane lands, availability of water and supportive climate is highly suitable for farming. According to season different crops and vegetables are grown. Kharif and Rabi are the two types of common seasonal crops that farmers do and earn. Apart from it fish farming, poultry farming, animal husbandry like cow, buffalo and goat for milk and flesh; shrimp in marine are the strong sources for its economy.   

Mine

The mine in Odisha extracts coal, minerals, iron ore, bauxite and chromite. The state is well-known for largest producer of Aluminium and Still in India. Tata Still and JSPL are the major companies that operate in Odisha and use the mine raw materials. It is one of the best earning for the state.

Hotel and Tourism

Odisha is famous for cultural heritage like Lord Jagannathan Temple, the Sun Temple, the Lingaraj Temple, the Chilika Lake, Nandankanan; the Zoological and Botanical Park and many regional visiting places are the major part of its economy. Every year many visitors from world-wide visit our state and contribute to its finance indirectly.   

Infrastructure industry

Under this industry all types of power generation, constructions including roads and buildings, Smart cities etc comes. Odisha is capable of producing surplus electricity and sales it to other states for revenue. Hydroelectricity, Thermal power and solar power are the major sources of electricity production in this state which is strong source of earning. A good network of roads connects remote to urban area and industries that helps to increase state economy.    

Manufacturing Industry

Odisha has large scale of iron and still production factories like Tata Still and JSPL and many more. These industries give not only employability but also a strong income for the state. However some other smelters, iron industries and aluminum factories add its finance too. Many small scale industries and handlooms play supportive role towards strengthening economy.

Service sector

Government of Odisha has a number of departments where thousands of employees work as well as generate revenue for state economy. Apart from it IT sector including Wipro, Infosys and many more are emerging companies are also increase state finance condition. Transporting is another strong source of profit for state government. Both govt. and private transporting helps towards improvement of state economy. Odisha has become an educational hub which is a media of state prosperity.

Trade and Commerce

This state exports some of its production at best price to neighbor state. The products like sweet potatoes, turmeric, betel lives, prawn fish, mine products as raw material are exported against high paid.      

Conclusion

Odisha is enriched with natural as well artificial resources still it is backward state of India. The reason behind it is unskilled labour, lack of capital to invest, no support from government for start-up etc.     

Economy of Odisha

About Odisha

Stock Trading // How to start Stock Trading

All about Stock Trading // How to start Stock Trading

Stock Trading

Stock Trading means buying and selling of shares of publicly listed companies with a goal of making profit and earning. Stocks represent one type of ownership in a company. The value of shares flactuate according to company performance, market condition and investor sentiment.

Types of Stock Trading

Active Trading: It means frequent buying and selling of stocks to capitalize on short term price movement. Investors don't hold securities for long period of time to earn profit.

Day Trading: It is a type of active trading which deals with buying and selling of stocks within the same trading day. It aims to earn profit from short term flactuate of stock price.

Swing Trading: Swing trading is a trading strategy that involves holding securities for a short to medium term, typically ranging from a few days to several weeks. The goal is to capture price "swings" or fluctuations in the market by identifying trends and reversals.

Long Term Investment: In this trading buyer can hold stocks for some months or years on fundamental analysis.

Why Trade Stocks?

Traders aim to buy at low and sell at high which is one of the best profit making idea. In addition to some companies offer dividend to its share holders which is an additional income. Moreover stock markets are highly liquidity that helps to easy buy and sell of stocks.

How does stock trading work?

Share holders buy and sell their stocks at stock exchange like BSE, NSE, NYSE.  SOme stocks executes immediately at current price, some only at a specified price or better. While stop loss order automatically sells to limit losses. Online brokers are the middle man for share holders to trade stocks. And trades are settled with in few working days.

Key Concepts in Stock Trading

1. Stock Prices

   • Determined by supply and demand, influenced by company performance, market conditions, and investor sentiment.

2. Bid-Ask Spread

   • The difference between the highest price buyers are willing to pay (bid) and the lowest price sellers will accept (ask).

3. Market Capitalization

   • Total value of a company’s outstanding shares:
     $\text{Market Cap} = \text{Stock Price} \times \text{Outstanding Shares}$.

4. Dividends

   • Periodic payments from profits to shareholders, often by mature companies.

5. Earnings Reports

   • Quarterly disclosures of a company’s financial performance, impacting stock prices.

Pros and Cons of Stock Trading

Pros

1. Wealth Creation: Potential for significant financial growth over time.
2. Liquidity: Easy to buy and sell stocks during market hours.
3. Variety of Strategies: Flexibility to trade short-term or invest long-term.
4. Dividend Income: Earn passive income from dividend-paying stocks.

Cons

1. Risk of Loss: Stock prices can be volatile, leading to losses.
2. Emotional Challenges: Fear and greed can lead to poor decision-making.
3. Time Commitment: Active trading requires significant time for research and monitoring.
4. Costs: Trading fees and taxes can reduce profits.

Stock Market Hours

1. Regular Market Hours

   • India 9.30 am to 3.15 pm BSE, 
   • U.S.: 9:30 AM to 4:00 PM EST (NYSE, NASDAQ).
   • Other countries have their own timings (e.g., London: 8:00 AM to 4:30 PM GMT).

2. Pre-Market and After-Hours Trading

   • Allows trading outside regular hours.
   • Pre-Market: 4:00 AM to 9:30 AM EST; After-Hours: 4:00 PM to 8:00 PM EST.
   • Limited liquidity and higher volatility in these sessions.

Risks and Challenges

1. Market Volatility

   • Prices can fluctuate rapidly due to economic news, geopolitical events, or market sentiment.

2. Emotional Trading

   • Fear and greed can lead to poor decisions, like panic selling or overtrading.

3. Leverage Risk

   • Borrowing funds to trade can magnify losses.

4. Overconcentration

• Holding too much stock in a single company or sector increases risk.

Steps to Start Stock Trading

1. Learn the Basics

   • Understand how the stock market operates, key terminologies (e.g., stocks, shares, dividends), and factors that influence stock prices.
   • Familiarize yourself with trading platforms and tools like charts and indicators.

2. Choose a Broker

   • Select a brokerage platform that suits your needs (e.g., low fees, user-friendly interface, educational resources).
   • Examples: Fidelity, TD Ameritrade, E*TRADE, Robinhood, or international brokers for global markets.

3. Open a Brokerage Account

   • Create an account by completing the broker’s registration process.
   • Fund your account through bank transfers, credit cards, or other supported methods.

4. Develop a Trading Plan

   • Define Goals: Specify what you aim to achieve (e.g., short-term gains, long-term wealth).
   • Set Risk Limits: Decide how much of your capital you're willing to risk per trade.
   • Select a Strategy: Choose strategies based on your trading style (day trading, swing trading, etc.).

5. Start with Research

   • Technical Analysis: Use price charts, patterns, and indicators like Moving Averages, RSI, or MACD.
   • Fundamental Analysis: Evaluate a company's financial health (e.g., P/E ratio, earnings reports, revenue growth).

6. Practice with a Demo Account

   • Many brokers offer virtual trading accounts to simulate trades without risking real money.
   • Use this to practice strategies and gain familiarity with the platform.

7. Place Your First Trade

   • Identify a stock to trade, set your order type (market, limit, stop-loss), and monitor the trade.
   • Start with small amounts to minimize risk.

8. Monitor Your Portfolio

• Regularly track the performance of your investments.
• Adjust positions based on changing market conditions or strategy shifts.

Tips for Successful Stock Trading

1. Educate Yourself

   • Learn about market mechanics, stock valuation, and trading strategies.

2. Start Small

   • Trade with small amounts to manage risk while building experience.

3. Use Risk Management

   • Set stop-loss orders and diversify your portfolio.

4. Follow Market News

   • Stay updated on earnings reports, economic data, and geopolitical developments.

5. Be Disciplined

   • Stick to your trading plan and avoid impulsive decisions.

Important Stock Trading Rules

1. Start Small: Trade with an amount you can afford to lose.
2. Diversify: Spread investments across sectors to minimize risk.
3. Stick to the Plan: Avoid impulsive decisions; follow your strategy.
4. Use Stop-Loss Orders: Protect yourself from excessive losses.
5. Keep Learning: Markets evolve; stay updated with new strategies and tools.

Key Risks in Stock Trading

1. Market Risk

• Stock prices can fall due to economic downturns, poor earnings, or geopolitical issues.

2. Systemic Risk

• Market-wide risks, such as financial crises, that affect all stocks.

3. Company-Specific Risk

• Risks tied to individual companies, such as management changes or product failures.

4. Liquidity Risk

• Difficulty in quickly buying or selling a stock without affecting its price.

5. Leverage Risk

• Amplified losses when using borrowed funds (margin trading).

Advanced Stock Trading Strategies

1. Short Selling

• Betting that a stock's price will decrease.
• Borrow shares to sell them now and repurchase later at a lower price.
• Risk: Unlimited potential losses if prices rise instead.

2. Options Trading

• Involves contracts that give the right (but not the obligation) to buy or sell stocks at a predetermined price.
• Call Option: Right to buy; used when expecting a price increase.
• Put Option: Right to sell; used when expecting a price decrease.

3. Hedging

• Using derivatives like options to protect against adverse price movements.
• Example: Buy a put option as insurance for a stock you own.

4. Pair Trading

• Taking opposing positions in two correlated stocks (long one, short the other).
• Example: Long Coca-Cola, Short Pepsi if you believe Coca-Cola will outperform.

5. Arbitrage

• Exploiting price differences in the same stock traded on different markets or instruments.

Building a Successful Trading Career

1. Start with Education

• Take online courses, read trading books, and follow market news.

2. Build Experience

• Begin with simulated trading or a small account to understand market dynamics.

3. Develop Your Strategy

• Test different approaches to find what works best for your goals and risk tolerance.

4. Monitor and Improve

• Continuously analyze performance, learn from mistakes, and adapt to changing markets.

5. Network with Others

• Join trading communities to share ideas and learn from peers.

Conclusion

Stock trading offers opportunities for financial growth but requires knowledge, discipline, and consistent effort. By understanding market mechanics, using sound strategies, and managing risks effectively, you can maximize your potential for success while minimizing losses. Always remember: the journey to becoming a successful trader is a marathon, not a sprint

stock trading ideas

stock trading for beginners