Exploring the Challenges Faced by Startup Entrepreneurs: A Study of Tirunelveli District

Abstract

Startup entrepreneurship plays a pivotal role in fostering innovation, creating job opportunities, and driving economic growth, particularly in emerging regions. This study explores the challenges faced by startup entrepreneurs in Tirunelveli district, a growing hub for small businesses in Tamil Nadu, India. Despite the growing number of startups in the region, entrepreneurs continue to face a range of barriers including access to funding, market competition, infrastructure issues, and regulatory constraints. By examining these challenges, the study aims to provide insights into the key obstacles that hinder the success of startups in Tirunelveli. The research employs a qualitative approach, collecting data from interviews with entrepreneurs, business mentors, and industry experts. The findings highlight the significant challenges that startups face, including financial limitations, lack of skilled manpower, poor infrastructure, and market awareness. The article concludes by offering recommendations for policymakers, financial institutions, and other stakeholders to create a more conducive environment for startup growth and innovation in Tirunelveli.