starting a fresh business in India Do you want to start a business in India but do not know where to start? So do not worry; we explain everything you need to know about starting a business in today’s blog.
Basically, Jobs are getting low. In jobs, you get fixed salary. Business is the key of your freedom. So you want to make a lot of money, then you have to do business. We give you 10 business start-up tips. Read carefully and learn how to start a business in india?
How do start a business in india?
Before you start a business, you have to know these 7 things about business.
1. Find Business
In india there are lot of types of business. So you have to decide what type of business is low-competition. Thats type of business that gives you more growth.
You can find low-competition businesses on the internet in India. Also, you can do research offline near your market area.
2. Funds
In business, funds are very important. Not just because of pursed production. Marketing, cashback offers, discounts, and much more. When you start a business, you will require funds, depending on the type of business you are running.
If you choose big business, then you’ll need lots of funds for you’re business.
3. Buiness Location
In business, the location where your business starts is very important. What type of business are you going to start? That type of target audience location.
For the exam, you are starting a stationary business. So you have to start near school.
4. Bank Account
When customer have to pay you for your products. If the customer does not have it, he must pay online. For online payments, you need a bank account.
I recommend using a current account that helps you get a high transfer rate of money. You can also send payments to your supplier through a bank account.
5. GST No
GST is mandatory for up to 40 lakh turnover per year. If you crossed Rs. 40 lakh per year, then you have to register for GST from GST Potal. If you don’t know how to register GST for business,?
Then you can increase your CA, which will help you get your GST number.
6. Skill
When you enter business, you need lots of skills. You have to talk to customers, explain your products, and much more. So you can get skill from old businessman or you can find on internet.
But the real skill you get when you talk to customers is. Listen to the customer and ask what they want.
7. Team
If you are starting a big business, then you will need a great team. That team can handle your business without it.
In this, you have a salesperson, manager, and worker.
business advantages and disadvantages
Advantage
1. Freedom
In business, you have freedom. When you want to close business and go on vacation with your family,. You have to not give any permission, like a job person.
2. Boss
You owned your business; that’s you’re boss in you’re business. Nobody told you to work or shouted at you. Just because you own your business, you can make rules.
3. High profit
If you do business with focus and care,. You get huge profit in business. In business, there is no limit to how much money you can make.
Disadvantage
1 Investment
In business, you need lot of investment to start a profitable business. If you have little investment, you will be hard to start a profitable business.
2 Time
You really want to grow your business from zero. You have to invest a lot of time in your business. You have to stay patient and grow your business.
also read this
FAQ
Is 10 lakh enough to start a business in India?
Yes, you can start a business with 10 lakh rupees. 10 lakh is a big amount for a small business to start.
In today’s blog post, you learn how to start business in india. So, how do you like this post? Please leave a comment and share it with your friends.