How To Start Entrepreneurship As a Beginner

Do Research On Your Passion

• First identify your passion and do research on it.
• You should look for what is scope, competition, scale up possibilities and new innovative ideas in that.

Develop Your Skills

• After identification and researching on your passion, develop your skills required for that passion.
• For Example, if you have your passion in e-commerce business then learn how to tie up with retailers, how to manage buying and selling, how to create and maintain web portal and how to maintain and sustain business activities.

Prepare Realistic Business Plan

• Prepare realistic business plan from learning skills to selling product to customer.
• Take care of all the activities required for business should be included in your business plan.

Prepare Funding Plan

• Funding is one of the most important aspect of the business to sustain business for long run.
• Prepare funding business plan about what are the funding options available, from where we can get funds and how to manage them so that will get better ROI.

Hire Expert Employees

• Employees are the important one for any business, so choose them wisely.
• Skillful employees can take your business to the next level.
• If employees are lack in some skills, then train them.

Tax Planning

• Tax planning is also a part of a business.
• It can make you or break you because if you not plan carefully it can harm your business profits. So prepare it with proper planning with CA.

Business Scale up Planning

• After successful initiating a business and running seamless at some point there is need to scale up business to get better profit and to reach more customers.
• Innovate some new ways to scale up your business but it should not harm your existing business.