TIPS TO START A BUSINESS IN INDIA

Starting your own business could be the most exciting thing for any entrepreneur

You get to:Be your own boss

Make as much money as you canAccept exciting projects

The satisfaction you get to see a business, you made from scratch with your blood and sweat,

prosper is indescribable

Before you jump into the business world, won’t it be amazing to learn a few basic tips for a

better start?

SELL WHAT IS NEEDEDCreate a business around a niche

Do not create products because you think it’s a good idea

Rather, make products that people would actually like to buy

For that, research the market

See what specific products regarding your business have a profitable market

GET CASH FLOWINGA steady cash flow is extremely important to a

business

Always find ways to get some payment up-front before committing to the customer

In the beginning you will need to have some capital to get the business started

But once on a roll

There should not be any problem in maintaining a steady cash flow with little to

no gaps

KEEP COSTS LOWStarting a business makes no sense if your cash

flow is negative

Meaningthe Return On Investment is less than the

investment itself

To avoid bankruptcy, you need to keep costs and expenses low

Without compromising on the quality!

Find better and less costly ways of production in India

FOCUS ON LEADS RATHER THAN BRAND

Sounds unreal, right?

Too many entrepreneurs fret over getting their company and brand’s name right in the market

While they should be spending their assets on generating leads and converting those leads into

customers

You can always work on your brand

But there is no point in keep throwing money into a business that generates no ROI

While there are a lot of available businesses for sale in India

But finding the one that represents your vision perfectly is not easy

And hence comes the need to start from scratch which takes its toll on young

businessmen

But all’s well that begins well (we are an optimistic bunch of people).