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How to open Current Account in a Bank as Sole Proprietor
How to get a current bank account for my business? This is the Query we get almost everyday, so thought lets put some light on it. First of all its not mandatory to have a current account if you are doing business, its just that if your business handles lot of cash or handles lot
Pricing Strategies in Economics for Startups – Price Discrimination
When you start business it helps to know a little bit of economics and the way the world operates. Its interesting to know the different models of pricing which will give you hint to come up with more innovative ideas yourself. We have already discussed ways to price a software product which mainly dealt with
5 Types of Consultancy Businesses – Startup Ideas
This is one kind of business which doesn’t require lot of money to start, your expertise in the field is enough to take you places. So what work do consultancies do is this article all about. According to a study published in 2012 by First Research,worldwide, the consulting industry takes in $300 billion annually. How well
How to set up your Franchise business in India
It is not always necessary that you get a super innovative idea to start your own business. You may find an existing successful business which excites you and you are passionate about pursuing it, You can by all means go ahead and buy a Franchise of that company and setup your own business. What is Franchise Franchising is the practice of
Office Management Tips for small Businesses
You might say i am a startup and might not even have an office then why talk and listen about office management? But usually a very small startup team have 2-3 employees or partners working together in a room or a setup. Surely you are leading on a way to build a huge team and
How to exhibit and sell your Products without eCommerce website
Starting up requires a skill and if you have a skill of making creative products, handmade, crafts or arts etc and want to sell them to the world you don’t necessarily need to have your own retail store or for that matter your own eCommerce website. There is a horizontal model in which you can
Comparison between some of the eCommerce Platform available
Query: what all eCommerce solutions are available for SME/Startups and which is the best one as per Indian market i.e. Transaction gateway, Charge per transaction, features etc. Before going ahead you can check out the recent post on eCommerce by Startupfreak where we covered w.r.t cost /amount of money required to get started with eCommerce platform what-is-eCommerce eCommerce-revolution-and-how-it-started-infographic How Much
15 Tips to Cut expenses in any startup
Startup/business will require some money to get started and running but there are many places you can save money and use it for more productive purposes. But please don’t have a mindset to save money where it is required to spend, its like you want to go someplace in car and don’t want to fill
Prepare yourself before Quitting Job and Starting up
We keep getting Queries on whether i should resign and startup?, Is quitting Job and doing business a safe bet etc etc… Here startup-freak is, with this amazing article will help you with all your doubts hold on. Let me start with this Quote ‘Many people do not become entrepreneurs because they are afraid of failing’ . Now
Franchising your Business
If you are a Startup and have successfully established your brand and want to expand and add more chains to your network then franchising is the option to go for. And this also brings in an opportunity for the people looking to taste entrepreneurship with limited risk and large benefits. What is Franchising? It is a business
How to Set up and Run a Retail Store
All over world people are shifting to consumerism mentality and setting up a retail store can be a profitable bet if you go about it in a designed fashion. Its not just about finding a shop and selling your products, it can be much more in today’s competitive world. This article covers tips and tricks that you
How to Reach Million users? Lessons from Awesome Startups
Smart people learn from their mistakes and smartest of them learn from others mistakes.And very cool startups learn from super cool startups to reach their Million users fasters, here is a Curated content from many websites and a slide presentation done by dropbox and Xobni founders on their lessons learnt. Of Course most important thing
Ways to make money as a Consultant
We have discussed on various kind of new age consultants coming up in the society, wherein you use your creativity and your personal skills to help people, but how do you go about making it as a sustainable profession for yourself? These skills can change into a profession if you can generate revenue out of it. This
Revenue Models for Consultancy Business
Being a Consultant is slightly different than having a consultancy business. When you are offering consultancy as a business, what are the revenue models you can come up with? We got few commonly used model which can help you to innovate and reach to a business model which will suit your business the best. Just
New Age Consultants – Startup ideas for creative people
So what if you are not interested in technical or corporate style of working and want to make use of your creativity and convert those skills into a startup, here we bring to you 8 amazing options to make a business of what is fun for you! In today’s world, people want to excel in
Revenue Models for Android Apps
There are many people making Android Apps and dumping them in the market and praying to get sales/traffic, but you don’t have to anymore, as this article will cover an exhaustive list of ways in which you can make money with your Android Apps. Most commonly the models which comes to mind are Paid App
eCommerce revolution and How it started [infographic]
Past 12 years, has changed the way we buy and sell goods and services. Do you remember buying airline/irctc tickets before the Internet? Can you imagine buying a new computer or car without doing hours of Web research? India is in its early stage of accepting eCommerce into its daily lifestyle, there is huge rise in online
What is needed to start E Commerce Website? And how much it will cost you?
This is in continuation to we discussed about what is eCommerce and this article will be help you with the list of things you should be aware of before you decide to launch an eCommerce website for your products/service. eCommerce is not like any other website you see online, it has different feature and different way of
What is eCommerce? And its types
If you think that you can sell products, goods and services only by having a shop of your own then hold on a min when i tell you about eCommerce, you can use internet and sell your products, goods and service to the customers you have never seen and who may be staying miles away
How to setup HR Consultancy firm in India (4 Steps)
We keep getting lot of Queries from wanna be entrepreneurs about getting started with Placement or HR Consultancy and here we come with all the information you will require explained step by step. Steps to set up HR/Placement Consultancy Firm India Step 1. Get website Get clients who you want to serve is very important
9 Types of Consultancy businesses
If you are trying to explore starting a business in consultancy this post will help you to understand the various types of consultancy firms you can start depending on your skill set and expertise. What is Consultancy Dictionary meaning - The practice of giving expert advice within a particular field. Consultant, Consultancy company/firms are the generic words used
20 Interview Questions to Hire Social Media Expert for Startups
You are a Startups and you are also new to this field of hiring and of course you will be divided when it comes to taking interview for hiring the best candidate for your Startup. Getting the smart people is very crucial and can determine your success or failure even. So now if you want
What is, Why to, How to Trademark Registration in India – Simplified
If you have started business and have stared getting market for your product then you will want to know what is Trademark and Why to and How to apply for it. Before investing in advertising and running big campaigns it is recommended to file your trademark / servicemark in India. You are protected the moment you
10 Revenue Models for Social Media Startups
Just as Beauty lies in the eyes of beholder, same way the value of your product lies in the eyes of your customers. Creating value is all about entrepreneurship and in today’s world even governments are relying on Social media for key decisions, below are ten standard revenue models used in the online Social media Startups
What is AOA – Articles of Association
Friends we have already discussed the importance of making MOA - Memorandum of Association in our previous article and why and when it is to be formed. These two documents MOA & AOA are important documents and are supposed to be carefully drafted in presence of a legal expert. As discussed before MOA defines What, Where, Why and Who
What is MOA – Memorandum of Association and its clauses in India
When you want to make your business as a separate entity and go to register it as a private/public limited or are incorporating it, this step of making MOA and AOA comes in. When you are forming these documents, legal advice must be taken as a legal expert can help you to form it better and you
How to Register LLP in India
If You want to have a separate business entity for your business or you are in a General partnership deed and want to safeguard your personal assets from the risk that you are taking in your business then the Limited Liability partnership that is LLP is the way to go. What is LLP and what are its benefits is
What is LLP -Limited Liability Partnership and its benefits
Think of starting your business and you are divided into n types of business entities that you can choose from. Most easiest and simplest of them all is Sole Proprietorship. But if you don’t want to do business alone and want to have some partner with you then you have the most simplest option of getting
Angels and Demons of Angel investors
In Startup ecosystem, Investors and Entrepreneurs are interdependent on each other for their successes but there are always heroes and villains out there in the world and if you know how to find the mask everybody wears you will get success in whatever you do.There are many investors who want to bring change in economy and want to give
Understanding Angel Investors
As entrepreneurship is picking trend in India so is the trend of investing in Startups. If you are in an early stage in your business then after you have utilize your saving and built a product which is already selling.., you may expect some Angel Investors to be really interested in your startup, and other
Simplified: Corporate Structure, Duties and Roles
There was time when all businesses were family owned and run by the family members but when the term investors and shareholders came, with it came the terms called as corporate governance, management team, Board of Directors and Corporate structure. This means if you are a public or a private limited company and you have
Advantages and Disadvantages of Sole Proprietorship
Before we list the advantages and disadvantages of being a Sole Proprietor, it will be better if you are aware about all the options that are available for registering your startup with as a legal business entity and to know all these options, please refer to this article http://www.startupfreak.com/options-for-registering-your-company-in-india/ Now coming to Sole Proprietorship, Please read How
How to set up your Sole proprietorship Firm in India
Kindly guide on how to go about starting a company as sole proprietorship in Bangalore? What kind of registrations etc are required? What other formalities are required? Its always best to first decide on the businesses entity that you want for doing business. Every business has different needs and goals, and so does the type
5 Revenue Model for Internet Startups
Revenue Model is how are you going to make Money from your Business in simple terms. 99% of traditional businesses will have some or the other revenue model as you will never open a shop unless you have something to sell. But this is not the case in Internet startups, Take the example of Facebook
Innovation Funding – Crowd Funding and Micro Finance
The recent JOBS (Jumpstart Our Business Startups )Act which was made legal in USA created quite a buzz in India. At times we may feel that India also should take same steps on creating law on these innovative funding options, but considering the fact that India is East and USA is West we cannot do
What is Venture Capital Fund in India
In 1973 Government of India understood the importance of Venture Capital as a source of funding new entrepreneurs and technology but it started picking up only in 1990′s,and In 2006, total amount that was invested reached US$7.5 billion and is expected to reach $70-75 billion in 2010-2015. What is Venture Capital Fund Just like how Banks
4 Steps to Register your Startup in India
Registering your company is what will finally give your startup a legal existence. Before registering it can be a sole proprietorship or a partnership but once you take the decision to register, your company takes a life of its own and can be closed only by legal intervention. Registering a Company is a long and
What is Director Identification Number (DIN) & How to Get DIN
Director Identification Number (DIN) is a unique identification number given to an existing or a potential Director of any company which is incorporated. DIN came into existence after the insertion of the section 266A & 266B of the Companies Act, 1956 (as amended vide Act No 23 of 2006). Why Director Identification Number (DIN) Many a times
How to get TAN number in India
StartupFreak gives insight in to the TAN number details.
Awesome Tips for Naming your company
In the initial stage when we decide to start a business we are not sure whether our business will be successful or not, and in this doubt most of us end up naming some random or family elder name to our business. But today we are living in a society which is Brand conscious, which puts a
5 Personal Questions before Starting a Business
Most of the Media paint a picture of Entrepreneur as a brilliant,Suave, Cool business person who handled every challenge with ease. But real Entrepreneurship is about “down in the gutter”, “kick in the Gut”, “stabbed in the back”, “terrifying mistakes” and horror stories that almost every Entrepreneur goes through. So before you get overwhelmed by
Options for Registering your company in India
Not much information is available to entrepreneur about the company Registration Process, specially in India they usually rely on an Agent or a Lawyer to get it done. But its very important for each and every individual to know what he/she is getting into. The form of Business Entity you choose, can have more far
Things to know before Hosting your Website
chose your hosting What are things you need to know before hosting your own website? whether you are a person, Business or a community, if you are looking at marketing yourself online a website is must. Its like your shop in real World where people will come to look what you offer. In India online
How to Increase Traffic to your Website
The ways of increasing traffic to your website are many but how much time are you willing to give to this tedious job if you are a start-up. Usually bloggers and content writer’s job is to be present on internet all the time promoting their website and increase the traffic. But as a founder or a

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