As we already know, all the schemes and changes which are had already taken place or going through change or proposed to be changed are pointing toward making in India self-reliant.
Self-reliant or say Make in India can be attained when not just with change and execution by government policies but by proper acceptance by citizens and their involvement on increasing Gross Domestic Product (GDP). Self-reliant word also focuses that more and more citizens of India start their own business irrespective of their level of project.
Any business first start as a start-up, which is most difficult task as setting up business, marking up the base and customers for business is taxing and cumbersome process. Generally its, the period when that start-up fails and this can be due to many reasons like lack of reading the market needs to lack of knowledge about government assistance. Whatever your entity type of start-ups, it is to have full knowledge of assistance from Government through various department.
There are many types of entities for doing business in India, which I have already covered in my article published on 27th January, 2020. (for knowing same, you can also visit:- https://taxguru.in/corporate-law/types-entities-business.html). The question arises what are important aspects and points which are to be kept in mind while starting up a business. I have tried to covered all the relating queries in this article. Let us go though them step by step:-
Also pay attention to innovative business idea, as there are many benefits are given to startup which is innovative in nature after acquiring startup certificate from Government of India.
It is one of the most important pilot document on whose basis the whole project present as well as future relies. There are many agencies as well professionals involved in preparation of project report.
I hope by reading this article, your major basic questions have been solved regarding how to start business. There are other important aspects which varies from industry to industry depending upon your business and its related areas.
Disclaimer:– The above article inclusive list and short brief of Business Start-up guidance in India . One need to consults professionals before taking such huge step, who will guide them well so that one start their business with ease. The author shall not liable for any direct, indirect, special or incidental damage resulting from, arising out of or in connection with the use of the information.
(The Author is Corporate Consultant and provides varied array of services including Start-ups mentor, Secretarial, Legal, Trademark, taxation, Audit, GST, Book keeping and other ancillary advisory service in Delhi, Chandigarh as well as The National Capital Region (NCR) and can be contacted through email id:- email@example.com and Contact Number: 91-8178515005)