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Talk about new-start-ups in society.
What do you know about start-ups?
What are the advantages?
What can be the potential disadvantages?
Well, a new start-up is implementing a new business idea into practice.
This could be initiated by an individual or a group of members.
The fact is that there is a gigantic flair in the service industry and technology.
With the assistance of technology, people can possibly introduce start-ups into practice with a lot of ease.
Apart from that, these start-ups provide millions of jobs to the potential workforce.
Millions of the populace get a living source due to the new businesses.
For instance, start-ups such as Zomato, Ola, Uber, and many more burgeoned in no time.
Implicating in billion-dollar businesses and also bestowed jobs to millions.
Furthermore, start-ups also play an epochal role in boosting the economy of a sovereign state.
Last month my father also invested in a business start-up tying up with my uncle.
They established a restaurant in the Porsche area of Kurukshetra, in Sector 17’s market.
Albeit being a new setup, they attained popularity in such a short span due to their customer-oriented services.
It also catered to the comfort of not just the customers but the employees as well.
However, start-ups have so many merits but it is a risky business.
Some mortals invest their bread and butter without any prior knowledge or market research.
These actions could often lead to devastating consequences.
One such example is Vijay Malaya, Being from a business background he made a huge mistake instead of showcasing his knowledge.
Hence, he is alleged with fraudality along with a huge debt which he would never be able to pay off in his lifetime.
And due to him many employees also lost their jobs.
All I can say is that start-ups can be benevolent for the capitalist and the terrain as well.
But only if it is implemented with proper expertise and wisdom.
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