How To Start A Business In India

Before starting a business in India we must be known to some important factors like market size, level of competition, funds allocation and marketing strategies. Here we will start from root to top in order to understand what should we do in order to start a business in India.

First of all we should start with a good business plan. A business plan is an overlay of what to do, when to do and how to do. Somehow preparing a business plan is not an easy task and can't be prepared by any one. May be that could be the reason we prefer to hire some consultants who are engaged in drafting business plans & business projects.

Once the business plan prepared, we must have a closer look. This will help us in evaluating the overall project. How much investments it need? What would be the size of the workforce? What will be the projected revenue? This will answer all your initial queries. Here we must be careful before deciding to move ahead.

A good business plan draws a map for your successful business. Now move ahead. After deciding to jump into the market we should enter into it through legal way by registering a company. Company registration doesn't mean only private limited company registration rather partnership firm registration, limited liability partnership registration & proprietorship registration. You can choose any of the above to start your business in a legal way. Today registering a company in India is very easy through MCA portal where you can download all the required forms and duly pay for them online. But if you feel inconvenient you can take help of any of the company registration consultant in Delhi or your area.

Now after company registration you will have to get either sales tax number or service tax number with respect to your nature of business. A sales tax is registered for sale & purchase, trading & manufacturing of goods where as service tax is registered to render services (broadband services, telecom services, transportation or consulting services).

After passing through all the legal formalities you will need business resources (online & offline) like business cards, product catalogs, websites & advertising tools. As these tools may be availed on local basis so you can ask for the best quotes from the local service providers.