How to Start a business

Prepared byJaseem kalathil

What is a Start-Up?A company that is in the

first stage of its operations.

Startup incubatorA startup incubator is a collaborative program designed to help new startups succeed. The sole purpose of a startup incubator is to help entrepreneurs grow their business.

Business Incubators and Accelerators in Bangalore

 Khosla LabsIIM BangaloreAngel PrimeKYRON

Other IncubatorIndian Angel Network IncubatorThe HatchTechnology Business Incubator, IIT Delhi:GSFStart up village.

2353Applications

600Startups Supported

227Student Startups

Start up promoting agencies

SVSquare

How to Start a Business

1-Setting Out the Basics

Have an idea. Define your goals. Create a working name. Define your team. Choose wisely.

Cont…2-Writing a Business Plan Create a business plan Come up with an executive summary.  Write your business description.

Cont…3-Covering the Legal Side

Consider finding an attorney or other legal advisor

Get an accountant Form a business entity.

Cont….4-Managing Your Finances Cover your startup costsHave more than the minimum. Purchase WiselyCheck out your competitors. Find a way to get paid

Cont…5-Marketing Your BusinessGet a website. Hire professional designers Spend time developing an excellent social media presenceImplement your marketing and distribution plans.

Cont…6-Launching your Business

Secure space. Build your product or develop your service. Launch your product or your service.

Tips

Always provide good value and service to those who may be your customers.

Online businesses are probably the easiest way to start than an offline counterpart.

Don't be afraid to experiment with prices.

Cont….Try to add more and more great ideas as you go!

Keep learning, and be adaptable to change.

A franchise is a great idea although the start-up capital is way too high for most people.

Successful entrepreneurs

Phanindra Reddy Sama Charan Padmaraju

MOTIVATION”

“The best way to get started is tostop talking and

start doing”

- Walt Disney