How to Start a Business

How to Start a Business

As of now every youngster looking to start their own business, it is a very good sign but heavy risk as well as. To star any business it has to be very necessary to draft, mind, and examine the proper strategy. I will try to exhaust my best experienced that I got in last 20 years consultancy.

Any business start with three way i.e. Proprietary, Company with Pvt./ Public/LLP ltd. and last Partnership firm.

Proprietary Company: It is a sole own, one handed company. Proprietor has to take Shop & Establish License, PAN No., VAT & CST No. (if applicable), Service Tax No. (if applicable) and necessary other license related to their industries or business.

Company: Pvt. Ltd & LLP can registered with two directors or more while Public Ltd, company can be registered with minimum seven directors or more.  It has to be registered with Registrar of Company. It has to take Shop & Establish License, PAN No., VAT & CST No. (if applicable), Service Tax No. (if applicable) and necessary other license related to their industries or business.

Partnership Firm (PF): PF can be start with two partners or more. It has been executed on Rs.500 Non Judicial Stamp paper under Partnership Deed and Notarized by the Notary holder. Partnership Firm can be registered under the govt. act within the one year of its execution. It has to take Shop & Establish License, PAN No., VAT & CST No. (if applicable), Service Tax No. (if applicable) and necessary other license related to their industries or business.

If you would like to start any business it is necessary to observe and examine following things;

Strength: It is very necessary to understand your strength you have to understand your ability, caliberness & knowledge. If you fail to analysis it you will definitely going to suffer in future.

Weakness: Every person don’t want to admire their weakness, this is the only weakness among the all entrepreneur. Every genius have their own weakness, they must have to accept it and try to overcome from it. Weakness is a point it cannot be explain in word but it can experienced and it’s a reality.

Capital: Every person must have to know what the limit of their investment is. If your business will start with investment of Rs.100 then you invest only Rs.75 and keep aside balance Rs.25 for emergencies. It is because, from the very first day you will come to know fund short fall in the business. If you will success to overcome from it you will definitely going to be successful entrepreneur and if you won’t then you will become only survivor business entrepreneur.

Product: It is very important what you are going to sell in the market, you cannot sale water in Water Lake, like that you have to understand market, its demand and supply method. Product is a key instrument for every entrepreneur, keep in mind that failure never comes up again.   

Staff Selection: In staff selection don’t give any personal interest, respect talents and qualities and reward them which they deserve.

Accounting: Account department is a heart of every entrepreneur, if you fail to keep proper accounting you will never going to be ever successful in your life. Always keep in touch with your account department for every billing, every recovery and every payment. In accounts Fund flow management is very important, every day count interest that leads to least your profit. Healthier accounts management leads you to healthier entrepreneur.

Taxation: Last & least be particular in tax payment; always keep aside the tax payment to pay it time to time. Do not try to tax evasion or conceal of income it is never going to gain you, it will only harm you.     

We Shall Assist you in 
Business Planning
Assistance in developing the product/service
Fund raising, Banking Assistance
Intellectual Property Rights Support
Company formation Support / legal support
Assistance in connecting with potential customers
Any other  

Thanks & Regards

Vinayak Gaonkar

9869621072

rvinternational4673@gmail.com