Small Business Start Up Guide

Starting a small business?

Let's quickly review your idea.

• What are the requirements to start a business?
• When to start a business?
• Decide your business goals
• Who can start business in India?
• How to start or register your business organization?

What are the requirements?

In general, you just need 5 basic elements.

1. Niche Product/Service - what the Customers needs.
2. People - Who can work for you.
3. Time - To monitor and Manage your business.
4. Money - Initial investment
5. Courage and Determination

It's simple concept. Hope you understand & agree with me. Check yourself whether you have all the requirements in hand.

When to start a business?

Every business has its own secrets. You need complete knowledge about the product/service before you sell it. Either through years of working experience or by training, observation etc. At least you need a knowledgeable person to help you.

You may have to apply lot of strategies, tips & tricks at different stages your business journey.

When you are confident that you can handle any best or worst situation using your knowledge than you can Start your own business.

What are your Business Goals?

What do you want to achieve by doing a business?

Earning money? How much? What is the time frame to reach your goal?

Will you quit the business if you earn the sufficient amount?

Ask these questions and decide your short term and long term goals now. Think and Dream Big. That will help you to move forward. Stagnation will kill any good business.

Who can start a business in India?

Anyone can start business in India. Better to start after 18 yrs, because you may have to enter into various agreements/contracts etc.

Foreigners and NRIs may require FEMA approval. Let's discuss it later in detail.

How to register your business?

There are various types of business organizations like Firms, Companies, Trusts, Societies. Each of it has its own requirements and advantages.

10 Step Process to start a Business

Decided to start a business? Then here is the four step process to start a small business.

Success is a journey, not a destination.

1. Find the best small business opportunities in your area.
2. Assess business ideas with SWOT Analysis.
3. Write the business plan.
4. Incorporate your business.

Then comes the six step process to successfully run your business.

1. Use government small business grants available.
2. Getting business start up loans.
3. Proper Accounting/Book keeping.
4. Understand the business tax laws & deductions available.
5. Using business insurance coverage.
6. Using various business softwares to accelerate and ease the day-to-day tasks.

Services provided by us:

Our services have been grouped into 6 major categories, based on the stage at which you may require these services: -

1. Pre-incorporation or Pre-registration Services
2. Incorporation or Registration Services
3. Post-incorporation Services - Financing / Funding
4. Post-incorporation Services - Accounting Services
5. Post-incorporation Services - Taxation Services
6. Post-incorporation Services - Other Management Services

In specific, we (Sancar Consultancy Services Pvt Ltd) are offering the following services: -

• Consultancy on starting a small business (including small business ideas), i.e., feasibility & profitability analysis.
• Incorporating a business, i.e., business registration as a firm, LLP, Company, etc., and registrations with MSME, DGFT (Import/Export Code), Tax Authorities, etc.
• Business accounting including Payroll, Fixed Assets & Inventory management.
• Business financing or Business funding, i.e., arranging for business loans, working capital & business grants.
• Business taxes - accounting and administration.
• Business 'Management Information System'.
• Small business Costing & Management Accounting - Installing Accounting & Costing Systems, Budgeting in Sales, Cash, Profit and Capital, Work Study and Time Study, Personnel Recruitment & Training.
• Legal Consultancies under Labour Laws/FEMA Guidelines.

Important Links

Contact Us

Our small business advisors can answer any questions you may have, and give you an estimate regarding costs for various services. Contact us today! 

If you have any specific queries related to our services please Contact Me directly.

Managing Director,
Sancar Consultancy Services Pvt Ltd.