How To Start a Business

Knowing how to start a business would not mean that you can succeed in one day. Getting to know about the details can prove beneficial in guiding you the way. Always remember “Rome was not built in a day”. India has cardinally grown to become one of the greatest countries to launch a start-up in with its plethora of programs such as “start-up India” helping the nascent phases of the business. In the present scenario of the economy, we see two sides of the coin, on one side we see massive layoffs from corporates and MNCs whereas one the other side we see flourishing start-ups maturing into conglomerates such as Urban clap, Ola, PR Forbes and so on and so forth. The essentials of starting a business in India are as follows:

The Business Idea and Plan

Just as a tree grows depending on the stability of its roots, similarly a good business idea is essential for the initiation of a start-up. The question such as whether to pitch a service-based or a product bases company to launch is cardinal. Moreover, the baseline idea should be catered to offering something unique to the palette over the pre-existing services.

The Business Idea and Plan

Market Research

Understanding market statistics is crucial before investing in capital. Hence it is essential to research the present market trends and service offerings. Moreover, this is the phase where you dig deep into the recent market techniques of offering payment via Paytm business account and also think about possibilities of third party services such as Urban Clap partner.

Market Research

Budget and Financing

Capital is essential for investing in any business. Sometimes it could be difficult to come buy especially from the banking sector owing to the topsy turvy economy. This is where the other alternatives such as merchant cash advance come into its benefits where the collateral is not necessary.

Making it Legal

The final step in setting up a business in India is making it legal. Business can do it cardinally by registering it either as an LLP or Private Limited company. In doing so the company will get and official GST number upon registering. The GST number is used to link to their bank account to enable transactions. It even helps in listing themselves on Google and other digital platforms to help searchers in finding the business.

Marketing & Advertising

SEO, Social Media

If you want to get your start-up launched in India, follow the following steps.