If you are stuck with an awesome idea and are planning to go full-time in building your idea to realization then we have this small overview/checklist for you to get started with your dream plan.
Step 1. Mindset
Are you the right person to do 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. Read more – Ask these questions before you think of becoming one!
Step 2. Name your company
Today we are living in a society which is Brand conscious, which puts a lot of importance in the name you choose for your business. Read more – Awesome tips for naming your company
Step 3. Kind of registration for your company
The form of Business Entity you choose, can have more far implications than you think. Depending on your Business entity investor will choose whether to invest in your company or not, exit strategy depends on it, liability to the owners and the potential growth benefits too depend on the entity you choose. Read more – Options to register your company
- sole-proprietorship
Becoming a sole -proprietor is the easy way to start a business without any of the legal procedures you can kick start on your idea.
- Check out the advantages and disadvantages of going sole – Read more
- Procedure to setup your sole-proprietorship in India – Read more
- Stuff related to Sole -proprietorship
- Partnership
Partnership is a way to go if you are planning share your revenues and responsibilities of business with your friends or partners.
- Company Registration (Pvt Ltd)
If you are looking for raising fund/venture capital in future best option will be to go for a Private Limited registration as it will broaden your horizons but at same time will bring in a lot of hassle.