Book Title: Transformative Approaches in Multidisciplinary Research (TAMR)
Chief Editors: Dr. Meenakshi Kujur, and Dr. Hamidun Bunawan
Associate Editors: Mr. Gunjit Singhal, and Dr. Asma Farooque
Co-Editors: Dr. Suresh Kamarapu, and Dr. Souvik Sur
Chapter: 24
DOI: https://doi.org/10.59646/672/24
Authors: Nikita, and Mr. Pranjal Rawat
Abstract
Nowadays, many undergraduate students want to become entrepreneurs and start their own startups. But in reality, most students are not able to take the first step because they don’t have clear direction, practical knowledge, or proper information about available resources. Students usually feel confused about basic things like when to start a startup, how to check if their idea is good, how to arrange funding, and how to manage both studies and business together. This study focuses on understanding these real problems and also looks at the opportunities available for students at the early stage of starting a startup. This research uses both existing studies and primary data collected from undergraduate students. The research show that students face many challenges like confusion in decision-making, lack of money, no proper guidance or mentorship, and limited understanding of how startups actually work. Along with these problems, the research also finds some useful opportunities like online platforms, support from colleges and universities, networking chances, and government schemes etc. that can help students start their own business. Based on these findings, the paper introduces a simple and practical “Five-Stage Student Startup Framework” specially designed for beginners. This framework includes five steps: self-assessment, idea validation, resource planning, execution, and growth. It helps students understand what to do at each stage and how to move step by step without confusion. This study is useful because it connects theory with real-life application and provides a clear and easy roadmap for students. It helps undergraduate students turn their ideas into real startups with better understanding and confidence.
Keywords: Student entrepreneurship, startup challenges, startup opportunities, undergraduate students, startup framework, funding, idea validation, decision-making, innovation.
References
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- Neck, H. M., Greene, P. G., & Brush, C. G. (2014). Entrepreneurship education: Known worlds and new frontiers. Journal of Small Business Management, 52(2), 5–29. https://doi.org/10.1111/jsbm.12083
- Klofsten, M., & Öberg, C. (2012). University knowledge exchange: Academic entrepreneurship and knowledge transfer. Technovation, 32(7–8), 345–355. https://doi.org/10.1016/j.technovation.2012.03.003
- Government of India. (2020). Student startup and innovation policy (SSIP). Department of Science & Technology. https://ssip.in/