Are you planning to start a business? Congratulation..! You are at the right place. We have figure out all the necessary steps needed for your business. Business seems to be easy in listening but it needs complete dedication of our mind, body and money. There are many other factors which define the success of business. If you are planning to setup your own business first you should prepare yourself by following some rules and habits in your daily routines.
1.Start with Small Business
Business startups have much uncertainty. There is the need of lot of hard work and dedication. There is high risk. Business can be small or large. In India business scale is categorized at four levels such as Micro Business, Small Business, Medium Business and Large business (MSME).If you are just entering into business world you should Always start with small business? Not only it reduces the risk factor, but also gives you experience enough to boost up your confidence level.
2. Research and Planning
If you are planning to start a business, a proper research and planning is the first step towards it. You have to observe and figure out the problems in the society. If you can give the solution of that problem, you have a unique business idea. For any business there is big chance to grow if you get some unique business idea.
3. Investment and Funding
For small Business in India, Government of India is also supporting to business and startups. Business loan under MSME scheme has been launch. You have to submit the required document for business loan and apply it.To get investment from investors, make a catchy PowerPoint Presentation for your business that can leave an impact in the mind of investors. There are several investors organizations such as NASSCOM. 4. Hire Professionals Hiring skilled professionals is not an easy task. What you have to do is make a list of all that work you have to assigned to you employee and post the detail to the employment sites. Hiring at two levels to maximize output- fresher and experiencedYou can use the platform of Naukari.com for skilled and Internshala for fresher hiring 5. Sales and Marketing Sales and Marketing is one of the main segments of any business which maintain the demand and supplier of product and services. You can approach your marketing in two ways. Online Marketing and Offline Marketing. In Online Marketing means digital marketing- a very productive marketing which helps to reach a substantial customers in short time. In offline marketing- you can hire sales and marketing professional. They have target to give to a fixed leads within fixed time duration by either visiting or meaning people or by telephonic conversation.
6. Customer Feedback
The growth of any business depends on the satisfaction of customers. if you can read the mind of your customer, then you can make you effective business strategy. but how will you get to know that? Customers Feedback, Yes it play a significant role in make an effective strategy and planning for any business. it helps you to improve your product, policy and services. So always consider the customers feedback in your business strategy and planning.
7. Advertising, Promotion, and Branding
Now a days large no of competitors are there in the market. To make your own identity and to show your product that is better than others it is necessary to demonstrate among customers i.e. in the market. To make a trusted identity of your business you have to showcase your product on all reputed platforms, forums, social media and online B2B portal via article, image post, videos, email and other means of advertisement. Since every business is being online. This is the best.