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स्वागत अतिथि
व्यापार प्रारम्भ
The term Entrepreneur means to undertake and pursue opportunities and to fulfill needs and wants of people through innovation. A person innovates and combines resources in the form of men, materials and money and brings them together to make the business venture profitable. Person is prepared to take risk and face challenges. Thus, innovation and risks are the two basic elements of a good entrepreneurship. The whole process of starting a business begins with writing a business plan. A good business plan is the key to setting up a successful business. Once a plan is prepared, the entrepreneur faces various challenges while implementing the plan. There exists Commissionrates or Directorates of Industries are the nodal agencies in different States which assist and guide new entrepreneurs in starting up an industrial unit in the concerned State. They provide an interface between industry and other agencies for industry inputs and enable the entrepreneur to get different industrial approvals and clearances from various departments at a single point-Single Window. They sanction incentives to eligible industrial undertakings and create a transparent and automatic system of allotment of scarce raw materials to industrial units. Hence, a new entrepreneur must approach the concerned commissionerate while setting up a business firm.
Steps for starting a business
Step1: Create a business plan
Step2: Making a product choice
Step 3: Setting up the infrastructure
Step 4: Naming and registering a company
Step 5: Choosing the form of business
Step 6: choosing the location
Step 7: Pricing a product
Step 8: Regulatory requirements
Step 9: Financing a start up business
Step 10: Sourcing process, raw materials, machineries and equipment
Step 11: Hiring human resources
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