Those who decide to start a new business are primarily concerned with the cost of the business and the time it will take. But nowadays, it is useless to worry about all these issues as Business Setup Services in India are the ideal solution to all your business set-up problems.
Why choose Business Setup Services in India?
- Fast and easy incorporation: company establishment and start-up in the shortest possible time
- The low initial capital required
- Cost-effective company setup and maintenance
However, knowing some important things about the formation of a new company in Delhi is also essential and this is why we have gathered a few items that are indispensable for entrepreneurs who want to start a new business from scratch and want to get fast results.
MARKET RESEARCH: A LITTLE AT EACH STAGE
First, market research is used to validate the relevance of the idea. It will reveal to you whether or not there is a market that exists for your concept, whether your product/service corresponds to a consumer or professional need.
Secondly, the market study can make it possible to evaluate the market and, therefore, the potential turnover that you will be able to achieve over the first 3 years (difficult to see beyond that). But in this case, it usually costs more because a certain amount of data has to be processed.
Finally, market research can make it possible to find new ideas for services/products/concepts based on the needs expressed by the market.
THE SEARCH FOR PARTNERS: TO BE MORE SOLID
It can be very interesting to find partners who will constitute your first network and allow you to offer more services to your customers, packaged offers, additional offers, “turnkey” offers, etc. Start to develop your network even before the creation of the company, it is an essential point to set up a viable business.
THE BUSINESS PLAN: WE ARE ALMOST THERE!
The principle of the business plan is to summarize your project in a file that includes:
- Your motivations for starting your business;
- Your experience;
- Market research;
- Your project;
- Its added values;
- The financial forecast over 3 years;
- Your sales and marketing strategy.
This business plan allows you on the one hand to formalize your project to see it more clearly and be more efficient and on the other hand to convince bankers and potential investors to follow you in the adventure.
LAUNCHING THE BUSINESS: DIFFERENT OPTIONS
Before starting, you must first find the right legal status: sole proprietorship, partnership, company, etc.
Subsequently, during the opening, it is generally advisable to organize an event for the occasion. You can invite people from your current network, ask them to bring their colleagues, invite friends or former colleagues.
It is a communication operation, the goal is to reach a large number of people and make an impression. Also think about your target when you make your invitation cards, no need to invite people who have absolutely nothing to do with your business or who have little chance of spreading word of mouth following the event.
To create your business, don’t forget that you can benefit from Business Setup Services in India. They will be able to help you in the different stages and at the launch. Want to know more? Visit cac.net.in and clear all your doubts related to the formation of a company and business creation!
This content is meant for information only and should not be considered as an advice or legal opinion, or otherwise. AKGVG & Associates does not intend to advertise its services through this.
Posted by:
CS Neetu Saini
AKGVG & Associates