Steps Before You Start Your Business

Thinking of Starting a Business
Most of us have dreamt of Owning
a business - at one time or
another. And someof us have wondered whether Entrepreneurship would be appropriate for them.
We will take you through a
series of steps to convert your
Ideas and thoughts to viable
business propositions.

1)Ask Yourself & Analyse The Answers- Why Consider Entrepreneurship?
Some of the key reasons why you
must seriously consider Starting of
your own Enterprise.
Is Entrepreneurship Appropriate
For You?
Points to consider when you think
about -Is entrepreneurship
appropriate for you?
How to Identify Business
Opportunities?
Some thoughts on Identification of
Business Opportunities for
Startups.
2) Get Inspired By Successful Startups Take Inspiration from some of the most successful Startups.
Understand the key factors
contributing to their success.
The Big List of Business Ideas for
Small Business.
The Big List of Business Ideas for
your Small Business. Scan these
Ideas and evaluate further if you
believe the Idea you like has a
potential in your area.
Franchise Opportunities Understand the reasons why
becoming a Franchisee may be
the most appropriate
opportunity for your needs and circumstances.
Find links and resources for the
Franchise opportunities currently
available in India.

3)Preparing The Bank Loan Application By now you are already aware that Banks Finance Projects which have a well prepared Business
Plan. Banks would also like to
ensure that your proposal meets
all the necessary requirements for
their internal sanction process.

4)Access Technologies For
Commercialisation
Access Technologies from IITs and
other premier Institutions for
Commercialization.
Research the Opportunity
Make better business decisions by
gathering business intelligence.
Understand how to use
applications and technologies to
gather, store, analyse and provide
access to data.

5)Choosing the Right Business
Take these factors into account
before deciding which business is
appropriate for you