In India, 50 to 70 % of small businesses fails within one year of it start or not work as expected .but anyone to start a small business ,don’t be discouraged,this simple steps can help you to success.
Is your business thought ill-fated to disappointment? no ,there are the steps if you take that extraordinarily increment your accomplishment. With a brief period and some genuine exploration you can get straight down to business.
1.BUSSINESS IDEAS
You should come up with your idea that’s bussiness opportunitie
These are categories
- Come up with a new product/service to a new market.
- Come up with existing product/service to a new market.
- Offering an existing product/service in an existing market.
- Offering a new product/service in an existing market
This is stage where your creative mind would prefer to transform your idea’s into a regular work,and get ideal opportunity to investigate the market and see what’s on offer you can put to it .
SMALL BUSSINESS IDEA FOR TECHNICAL PEOPLE
Online Bloggers.
Graphics Services designer
Online Teaching,
Online Freelancing,
Sell Car and Bike Online,
You Tube Channel,
Buy and Sell Share
Affiliate Marketing,
Data Entry Job
Small Website Design Company,
Business Promtion –SEO,
Make Money Online with Paid Online Surveys,
Selling Old Goods Online ,
Make Money Online By Writing,
Start Small Shopping Portal Sell eBooks.
Make Money by Selling Online Photo,
Online Video Editing Service,
Selling Gift Items Online.
Selling Artworks Online ,
Online Technical Trainer ,
Motivational Speaker
Online Handmade Craft Seller ,
E-commerce Website,
App Making Store Online,
SMALL BUSSINESS IDEA FOR NON-TECHNICAL PEOPLE
Chapati Center
Quality Mess
Papad and Pickles
Water Purifier Plant
Export Import (We can Export upto or min Rs 1000)
Ayurvedic cosmetic Products
work with Amazon and Flipkart ,Zomato or Swiggy (As Franchies in your Area) need own vehicles.
Courior Office Franchies (DTDC,DHL ,Blue Dar,FedEx India etc.)
Local Service Provider ( Electrican ,Maid,Driver,security ..etc)
Properity and Vehicle Agent
Small nitch Product Manufacturer (like slipper,Under garments,small houshold stuff ..)
2.TEST THE IDEA AROUND
Is there a market for products/service that promote your idea?
Type of roducts/services are available?
With whome you are competing with and what they offers?
Needed skills to run such a business ,do you have that,if not how you will get that
what would those skills be?
Where business will be located?
is an existing market, but there’s room for expansion
Once you’ve answered those questions you should have a fairly clear picture of what your business will look like.
3.GET STARTED WITH IT
Worked out that there is enough demand for good quality product/services or its nitche product /service.
You need to work out the likely demand for your product/service in locality where you are going to launch the product or services .your location will have to be suitable for your business and target market (which also means that you’ll have to think carefully about just what that target market is).
If you lease a premises you’ll need to be able to pay the rent, and Sit down and work out if you need to hire staff, which means paying wages.
It’s time to get down, and jump into something feet first and find out the hard way that the budget just fit to your showe and work as expected
For Small Entrepreneurs or proprietary bussiness Govt MSME / Udyam Registration , Legal Bussiness Click on this Registration .
BENIFIT AND UDYAM REGISTRATION
*Only Aadhar Number is enough for registration.,Registration Process is totally free.
*Anyone may obtain the Udyam Registration for the enterprise. It can be registered
through the portal i.e. https://udyamregistration.gov.in/Government
India/MinistryMSME-registration.htm
*The process for Udyam Registration is fully digitalized and Paperless. There is no need to
upload any document.
*Registration Process is totally free. No Costs or Fees are to be paid to anyone.
*An e-certificate, namely, “Udyam Registration Certificate” shall be issued online on
completion of the registration process.
*This certificate has a dynamic QR Code from which the web page on our Portal and
details about the enterprise can be accessed.
*UAM registration or any other registration issued by any
authority under the Ministry of MSME, will have to re-register themselves before
*No enterprise shall file more than one Udyam Registration.
SMALL BUSSINESS LOANS AND PREAPRING QUOTES
It can be really challenging to get a small business loan for a business idea as most banks prefer lending to businesses that have been running for at least 6 months. However, there are some NBFCs that may offer you loans based on your business idea.
To get loan from bank after 6 Month
Increase your Capacity and Capability
cibil score (To Increase score do as much transactions you can with this account)
OPEN WORKING ACCOUNT (CURRENT ACCOUNT) IN BANK DOUCUMNET NEEDED
Documnet Needed :
Udyam Registration
GST Number (If any)
Rent Agreemnet
PAN Card
Adhar Card
Photo
4.ADVERTISE THE BUSSINESS
Create your target customers profile group that you can aim for marketing based on your research ,and spend wisly your advertising budget and should not be costly .
1.Advertisee in local paper,2.Create pamphlet discribute in area where bussiness locate,3.Create bussiness card and discount offers,4.Create vocal advertise .
5.MANAGE AND MEASURE THE BUSSINESS
In business, if you can’t measure the bussiness you can’t manage it. Need to predict accurately your total sales and Cash flow.
Total sales= number of customers x average sale x frequency of visits per customer per year
Cash flow — the cold, hard cash (you have in the bank).
Do Research and Research, promote your business effectively; always know what’s going on and in and don’t forget improve it if any .
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