The different aspects of starting a company

“My dads going to invest, I got an M.B.A and I want to start a business.” Anand Sharma has planned his future. Continue Reading

The most important thing you can do to prepare for starting and operating your own business is planning. Developing a business plan requires a lot of time and energy, but it’s invaluable because it forces you to come to terms with your business idea. You must decide how you will generate income, what your expenses will be, who your competitors are and a lot more. The business plan exists for a reason. There are libraries of books written on them and huge websites devoted to developing good ones. Take a few weeks and develop a strong and thought-out plan. Give it to friends, co-workers, even family to read. Your business will be immeasurably stronger because you took the time for this step.

Let me begin by quoting few words from a famous adage, ‘When you are young, you believe that the possibilities are endless.” Continue Reading

It might be painful but the experience would be invaluable for you to start a new company. It will teach you to be a resource conscious and economical entrepreneur and having limited capital leads to creative thinking and makes you thoughtful about expenditures and the working  so it not only a learning experience but a sure shot idea too. Continue Reading

FUNDING

There would be hundreds and thousands advice flowing in when you ask about investment but there would hardly be anyone who would be willing to invest. The best advice regarding the funding would be: start the business with your own savings or borrow from a bank. I highly recommend the former or a combination that includes it, since it makes you pinch your pennies a little more. If you go the bank route, make sure the business plan is polished to a high shine. Apart from the best advice there is one golden rule and that is as simple as this: Don’t borrow money from family or friends. 99% of the time, you won’t be able to pay them back, and on the off-chance you are, it won’t be for months or years and if in case you don’t or you hardly could repay the family loan then it’s surely going to make some room for bad blood. Since it is about money the best for a young entrepreneur would be to hire an accountant. In starting your business and maintaining its future financial health, there is no greater ally than an accountant. He or she will be able to give advice on innumerable aspects of your new venture. They can advise on what type of business entity to start with, setting up bank accounts, a means of invoicing and collecting, and more. Most importantly, they also guide you on paying taxes properly and punctually.

Fundraising is brutal. It is more brutal if you are a Start up. The idea is, that nobody is ready to take the risk just because you have an idea. Investors evaluate startups the way customers evaluate products, not the way bosses evaluate employees. If you’re making a valiant effort and failing, maybe they’ll invest in your next startup, but not this one. Continue Reading

Every start-up dreams to be big and major number of these start-ups dont make it to the top slot and many of them dont even see the daylight. Not just hard work but smart work needs to be brought in to make your start-up big. Here are few tips and tricks to make it big. Continue Reading

Gone are the days when everyone depended entirely on a dictionary to find the meaning of a word, or on an encyclopedia to find answers to questions. The number of mobile phones has taken over the number of laptops and PCs. Thus, the penetration of mobile phones is much higher than that of internet. This was observed by a group of 4 young students belonging to LBS College of Engineering, Kasargod (Kerala), which resulted in the invention of SmsGYAN. This innovation, which was launched by Innoz Technologies Pvt. Ltd. even before it was thought off by the Google giants, is gaining popularity among the masses. Continue Reading

When going for a start up it always necessary that you have somebody to look upto for his/her knowledge and also someone whom you can rely upon when you want an honest suggestion for your idea. Mentors are one of the best investments you can make in yourself and your dream idea. Continue Reading

If you are starting a company you would be a lot concerned about the market and your place in that imaginary world. When we start off with the events of marketing the initial part would be the Word of mouth, which is the best, but getting truly fresh work usually requires spending money so make sure that you have kept a part of your finance to just let the market know you. Continue Reading