Although before starting a business there are a million factors, here are the most important ones that will help you get started.

What am I trying to achieve through business?
Your business can offer a better solution than existing solutions for customers, or provide a solution that was not previously available.

If your business falls into the second category, you can get a bonus for your services / products. At the same time, however, you must make efforts to create a market for your products / services.

How much money do I need?

This includes the cost of the initial setup – the amount needed to start a business, including the costs of launching, regulatory costs for registration, equipment, equipment and equipment costs, etc., and operating costs.

sources of financing

The first sources of funding, as a rule, are either your savings, or the contribution of your friends and family. If you have a proven idea and a proven business plan, contact stock investors such as High Networth Individuals or Angels or Venture Funds. In the early stages of business, it is better to avoid debt financing.

Keep the backup housing

When you start a new business, you expect that the cash flow will be negative at the initial stage. In addition to investing money in business, you need money for daily survival. A body equal to 6 months of your expenses is the minimum that you must defer if you decide to start your business.

What is the structure of my company?

Real estate? an affiliate company? LLP? OPC? Company Pvt Ltd?

There is no right or wrong answer. When you start a business to try out a few ideas, it would be nice to stay simple and stay with a business or business partner in a joint business.

After you have a clear idea of ​​your business, and you plan to attract capital from investors to explore a more formal way of starting a business.

Complain on the first day

Each company has a number of regulatory requirements that fall under the responsibility of the central government, state government and local authorities.

Given the widespread use of technology by regulators, it is now unclear that non-compliance is evident, and the cost of non-compliance is very high these days, with fines being imposed daily without resorting to waiver.

Be ready to be patient

The results are not easy to get, and you need patience to succeed in your entrepreneurial journey. There is a local saying that you should be tested for 1000 days before giving up the adventure. This is the average time the company needs to establish itself. Depending on the company in which you are, you can succeed earlier.

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Although before starting a business there are a million factors, here are the most important ones that will help you get started. What am I trying to achieve through business? Your business can offer a better solution than existing solutions for customers, or provide a solution that was not previously available. If...