Running a Business can be Stressful

Running a business in India can be extremely stressful and challenging. In fact, a study on entrepreneurial well- being by ASCENT Foundation and Mariwala Health Initiative recently found that nearly 8% of younger entrepreneurs and 6% of older entrepreneurs who are in family-owned businesses have had suicidal thoughts. Majority of the study participants said they experienced anxiety, confusion, irritability and frustration sometimes during their entrepreneurial journey. 

The study, which received response from 186 entrepreneurs (of family run businesses and new age entrepreneurs) from the ASCENT cohort, between the age group of 20 to 60 years, showed that stress due to financial cash flows, fear of failure and disagreements with partners or family members are the top stressors, irrespective of their age and years in business.

Add to this the cumbersome documentation and paperwork to be taken care of at every step of the process. All these hurdles function as impediments for entrepreneurs to really focus on their business and be of service to their customers in the best way possible. 

So the best way to go about this is to get in touch with a law firm that can help share your workload documenting, auditing and reviewing paperwork or procedure. It should be able to work with you closely so that you can focus on running a profitable business, and should be able to offer services like loan and credit documentation, consortium documentation, security documentation, inter-creditor agreements, restructuring, filings and registration, project finance auditing, products structuring, and corporate governance and regulatory advice. 

IndiaLaw LLP is a leading law firm across India, which provides a one stop legal service in Mumbai, Delhi Chennai, Kolkata, Bengaluru, Hyderabad, Cochin, Ahmedabad and Pune. For more details click the following links Banking and Finance Law Firm in India, Intellectual Property Rights Law Firm in India.

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