A startup is a solution to a problem put forth by a group of ambitious people. It is a solution faced by most people who have the same mindset and product choice. A startup can be defined as a business for a noble cause.
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The Scope of Startups in Pakistan:
The startup culture has been doing great in Pakistan because people are finding solutions to their problems, and, of course, they are doing great. A lot of foreign investment has come into Pakistan because of the quality of its great startups. Pakistan is blessed with talent for startups and Pakistan has great problem-solvers and no doubt, it is a great job for the youth of the country. A great startup is possible with a great team, and the problem startups face nowadays is that they do not have a great team because of a lack of some members.The Problem with the Youth of Pakistan:
The youth have fancied this word "startup" a lot and they feel that it is a very great job to be doing. Some consider this a dream job because they see the startup-entrepreneur on the news that a company is sold for this or that million PKR. Everyone wants to have a startup because they think it is the way to ultimate success. There are so many startups that start and fail just because they do not have a realistic working model. People just see the success, glam, and luxury of successful people who might have had sleepless nights, hunger, and numerous failures. The problem with this generation is their lack of patience. They want everything to become an overnight success, and they are afraid of rejection. If they faced rejection, they would just quit.Case study
If a 1000 Business students graduate from a university, 200 will begin a startup, 100 will join their dad’s offices, 300 will go for foreign jobs, 150 will go for corporate jobs, and 50 will have to take normal or less satisfying jobs. The remaining people will sit idle.The Golden Rule to Being Successful:
They just see the numbers that come on the TV and do not see the hard work and pressure on the owner or entrepreneur of the product. Being an entrepreneur is not an easy job. You have to sacrifice your luxuries, vacations, resources, and sometimes family.Why Does a Company Need Human Resource Managers?
A human resource manager is a person who manages the human resources or employees of a company, which may include company affairs such as hiring, termination, and new ventures related to company hiring, volunteering, or internships. A company needs managers for such kinds of tasks, which is a stressful job for the owner, and it eases the owner's job and solves the problem in less time.The Problems with the Mindset of Startups:
Startups are a great place to work and gain experience, however, some problems can cause trouble for founders as well as workers:- They have a business model, and once they start to make money, they do not want to re-invest the money in the employees.
- The startup market has started to fluctuate.
- The startups should provide market-competitive packages to employees because the employees are humans who have a certain list of needs.