Whenever i hear about enterpreneur ,Freedom, conurage and passion are the terms that come to my mind to start your business , you can get inspired by a lot of things. Maybe you are passionate about something and it's dream since your childhood. Maybe you don't want to work under someone and wish to be your own boss . Maybe you got inspired by our prime Minister words and wish to open your fritters shop . Reason could be anything, I will tell you everything from the start to end that you need to know to start your own business in this article and to become an entrepreneur in India. Let's see. So friends, the first step to start your business or start up is that you must know what exactly do you wish to do. What's your idea? Many people thinks that I need to think of an idea which no one has ever thought of . But according tome , it's a wrong thinking. Because there are more than a billion people in the country hence theres a very less change of it.
To start a business where there is no customer base established, no source of revenue and no one has done trial and error no experiment that to this business, such kind of revenue comes or problems arises, then it's a very new thing and a very risky work. So I would recommend you to not think of an idea which no one has ever thougth of . Infact you have to think that what you yourself like to do .
STEP 1 ,, IDEA AND PLANNINIG
First, what's your passion, your interest what do you like to do . Here I would recommend you to focus on two think . How can you give value to people from your work and how can you benefit people and give value that they will give you money in return
YOUR PASSION
https://youtube.com/shorts/eTPytVcsHAM?feature=share
How can you give value to people from your work and how can you benefit people and give value that they will give you money in return then study what kind of such businesses are already in the market and how do they run .For example imagine if you love adventure sports like river rafting that the First thing then the second thing is how can you can you give benefits to people if this satisfies you look what all kind of adventure sports company already exist in India. How do they function, study them , call and ask them about their business and study their business model . Next step after this is to create a business plan .
4
Suppose if you are staring your business from tomorrow, then prepare the budget report of full one year from tomorrow to the year end . that how much will you to start the business, how much capital and investment will be required ? and in the whole year how much will be the expense and what will be the profile that you will gain and where will you get required capital and money that you will need ? will you borrow from your friends, ask your family or take a loan from the bank .Start a business where you don't need to take a loan from the bank or third person. Start a business where your family is able to afford the initial investment. Because if you get into bank and your business fails them you will have to face a big loss and lots of problems.so think of a business where you are able to invest yourself and you have the capital or your family to friends are ready to give you that amount. Suggestions this for the initial stage , once you business is established then you can think of taking loan to move it the next step. This will the risk can be minimized. You can borrow the money from anywhere friends but the business plan that you have made for the year should be as detailed as possible.so that investors will get convinced that this business will surely work and if we invest in this then we won't incurr any loss and will gain only profit from the business.
STEP 2
REGISTER YOUR BUSINESS
No comments:
Post a Comment