HNK & Associates LLP

 Challenges faced by startups are a major concern for first generation entrepreneurs.The very word "Startup" evokes visions of the rugged individual who started from scratch and stay afloat in an overcrowded marketplace. SMEs/Startups can become successful ventures only if they are managed properly. There are few key challenges faced by startups that can prove problematic. A successful business needs to be capable of adopting quickly to changing circumstances. It also needs a solid management team and ability to invest in growth.   The first challenge is financial. When the operations is only just starting, the resources it requires can be daunting. Access to finance can be a challenge because most new businesses do not generate profits immediately. However, Investors expect the startup to generate revenue that will pay at least for operational costs if not profits in the initial years. Capital may not always be readily available. To secure enough funding to continue operatio...

  The future of the Plastic industry is indeed bright. Plastic production is at its all-time high, and new plastic products are coming out every day. People still regard plastic as a substitute for other materials. Plastic has brought great changes in our daily life. we can now carry almost anything with us, and plastic bags are no exception. We can carry water bottles, shopping bags and even our precious household chemicals and medicines. With the recent developments, the plastic industry is witnessing its future and not just technology. Plastic is no longer a limited product to a certain sphere, rather it is widely used in different sectors like fashion and cosmetic, medical and other professional medical devices, household goods like tableware, footwear, bags and many more. Now a days you find plastic products everywhere from water bottles to car parts, from watches to mobile phones and even our daily clothes, they are everywhere. The Indian plastics market has around 25,00...

Precision Tools is gaining momentum in several industries, increasing demand for measuring and inspection systems that are more accurate, precise and robust. As the demand for complex goods and services increases, the need for quick, mass-produced, good-quality goods supplied at a low cost is becoming increasingly important. The demand for technology that can fulfil the above-mentioned criteria is increasing rapidly day by day. With new technological advancements being brought into the world with every passing day through modernisation and industrialisation, the precision tool industry has evolved greatly from where we were few years ago. Products no longer take long to be manufactured, and a workforce is no longer needed to supervise complicated machinery. 1. Automation of traditional processes: Automation refers to a category of innovations that reduce the need for humans to participate in processes. Predetermining judgment parameters, subprocess associations, and associated behaviou...