Starting a business involves planning, making key financial decisions and completing a series of legal activities. These 10 easy steps can help you plan, prepare and manage your business.
Step 1: Write a Business Plan
Use these tools and resources to create a business plan. This written guide will help you map out how you will start and run your business successfully.
Step 2: Get Business Assistance and Training
Take advantage of free training and counseling services, from preparing a business plan and securing financing, to expanding or relocating a business.
Step 3: Choose a Business Location
Get advice on how to select a customer-friendly location and comply with zoning laws.
Step 4: Finance Your Business
Find Indian government scheme loans, Angel Investor, venture capital and research grants to help you get started.
Step 5: Determine the Legal Structure of Your Business
Decide which form of ownership business registrations is best for you:- Private Limited Company, Limited Liability Partnership, One Person Company, Partnership Firm, Proprietorship Firm, Nidhi Company, Producer Company,Section 8 Company
Step 6: Tax Registration (“Doing Business As”)
Register your business with TAX Department.
Tax identification number you’ll need to obtain from Indian government.
Step 7: Get A Business Bank Account
you’d need to setup a business bank account to save your business startup capital and revenues.
Step 8: Hire The Right Team
The next step is to hire the right employees to co-run your business.make sure they’re the smartest people you can find.
Step 9: Start Your Business
After all the legal paper works are complete and thoroughly validated, you’d need to focus on growing your brand and acquiring customers.
Step 10: Start Marketing & Branding
Marketing & Branding with the right knowledge and skills, you can ensure the success of the business.