How To Start Business

Do Market Research About Business

• Market research regarding your business is important as it will impact on your future business.
• Market research gives you proper information about scope of business, competition in the business and many other factors require for your business setup.

Select Your Business Location

• Business location is important if you are starting offline business.
• Location will give your business plus point than your competitors.

Prepare Your Business Plan

• Prepare business plan according to the business scope and business requirements.
• Business plan should have detailed and exact to do tasks for future execution.

Prepare a Business Structure

• Business structure is also important factor for your business as it will decide how business will be structured.
• It should be designed by considering all business plan, scope and requirements.

Select Business Name

• Select your business name wisely because to rename after brand promotion and establishment then it would be very difficult to change name.
• Business name should be unique and easy to remember.

Get Funding For Business

• After name, business plan you can approach to the investors with business presentations.
• If your business structure and plan is solid and profitable you can get better investor with better investment.

Apply for Business Registration

• Apply for registration of business with proper documents like :
  1. PAN
  2. TAN
  3. Company Corporate registration
  4. Income Tax Returns
  5. GST Certificate and many more documents.
• This will give you legal registration of business.

Get Business Licenses and Permits

• Get Business licenses and permits if required for your business before starting the business.
• These permits require to do business in local or global.

Get Tax IDs

• If you have your profit at certain limit you don't need to pay tax but if you exceed profit then you need to pay tax and for that you need Tax ID.
• Get Tax IDs like PAN, TAN and GST number for your business.

Open a Bank Account for Business

• Open current bank account for business to do transactions in your business.
• If you want loan from your bank, you can approach bank and get loan for your business with loan account.