√ In past few years, female literacy rate in India has been increased very sharply. Now, women are actively participating in Jobs and in business as well. We know many famous women entrepreneurs like Vandana Luthra founder of VLCC, Priya Paul, Radhika Ghai Aggarwal Co-Founder Shopclues.com etc. These women entrepreneurs are inspiration for all females, who has a dream to start their own venture/ business. In this article, we will discuss about the things which a female must have to become a successful entrepreneur.
Qualities which a women entrepreneur must have to get success in their dream business:
√ A dream with an achievable Goal
√ Knowledge of their business
√ Risk Tolerance
√ Hard working
First of all, the women entrepreneur must have to decide the constitution of there business. A business can be started in form of: –
√ Sole Proprietorship
√ Limited Liability Partnership (LLP)
√ One Person Company (OPC)
√ Private Limited Company
Fund Raising Options for women entrepreneur to start their business
√ Own Capital Investment
√ Loans from Relative/Friends
√ Capital Contribution by Partners in case of Partnership Firm and LLP
√ Share Capital amount in case of Private Limited Company
√ Loans from Financial Institutions like Mudra Loan/ Personal Loan Etc
Basic Registrations Required to run Business in India
√ GST Registration
√ LLP/OPC/ Private Limited company registration with MCA
√ Trademark (If want to secure Logo/Name not to be used by someone else)
√ FSSAI Licence (Required if dealing in Food Products)
√ Import Export Code (If dealing in Export/ Import with other Countries)
√ Udyam Registration (To get concessions from Bank in loan Interest Rate)
√ Shop & Establishment Act/ Trade Registration
√ ESI/ PF Registration (Required when number of employees crosses the threshold limit)
√ GEM Registration (If want to sell products to government Departments)
√ Professional Tax Registration (Applicable in some states)
Industry Specific Registrations
√ Registration/NOC with Pollution Department
√ Drug License in case of Medicines/ Cosmetics
√ Registration/NOC from Fire department in case of Guest House/Restaurants
Above mentioned are mandatory registration which a women entrepreneur must get while starting her business.
After starting, now the business requires customers to whom they can serve to survive in market. Now a days many E Commerce platforms are in the market with whom a business entrepreneur can collaborate to generate leads for there business. Some of them are:
There are many others industry specific E- Commerce platforms with the help of them you can generate business leads at starting phase.
Apart from these private E-Commerce platforms the Government of India has also make platforms through which you can sale your products/ gain more business-related knowledge.
√ GEM Portal
√ Women Entrepreneurship Platform
√ Startup India Platform
Above is the brief introduction of business model in India. Every women entrepreneur must be aware about these things before starting of there business, so that hard earned money and time can be saved from wastage.
Disclaimer: This article is for the purpose of information and shall not be treated as solicitation in any manner and for any other purpose whatsoever. It shall not be used as legal opinion and not to be used for rendering any professional advice. This article is written on the basis of author’s person experience and provision applicable as on date of writing of this article. Adequate attention has been given to avoid any clerical/arithmetical error, however; if it still persists kindly intimate us to avoid such error for the benefits of others readers.
The Author can be reached at mail –[email protected] and Mobile/Whatsapp – 9911303737/ 9716118384.