In the fast-paced world of startups, founders often receive praise for their aggressive drive to capture market share and expand quickly. However, as these ventures grow and the pressure to stay ahead of the competition increases, an important aspect can get overlooked: compliance. Neglecting compliance can come back to bite founders, as regulators and government agencies are becoming more watchful and less forgiving. This article shares insights from Pavitra Walvekar, the visionary leader of Kudos Finance and Investments Private Limited in Pune, who highlights the crucial role that regulatory compliance plays in the success of startups.
Startups are driven by a strong desire to disrupt industries and capture a significant portion of the market. Founders, fueled by ambition and innovation, often push boundaries to establish a solid presence and gain a competitive advantage. While this aggressive approach is necessary for survival in the fast-moving startup world, it can sometimes lead to a narrow focus on growth, causing founders to overlook the critical need to follow regulations and maintain compliance standards.