How to start a start-up

What is a start-up?

We have few different definitions of a start up or it may vary from person to person

     A start-up is a process to solve a problem and give an obvious solution to a society in which success is not guaranteed

     The start-up is starting a company  on a small scale which is funded by another person or by self

     It can be an idea towards a problem to provide easiness to society

Key Points to start a start-up-

     Make a proper business plan and presentation

     Design logo and Website

     Create social media identity

     Register your company

     Market survey or requirement  of your product and service in the society

     Search for an investor

     Create a marketing strategy and  discuss it with your team

     Learn how to sell your product or service

  The following points have been explained in detail please read further if you have any confusion

MAKE A PROPER BUSINESS PLAN:-

What is a  business plan?

      It is a well-written document that describes in detail the business and how it  will go in achieving the goal or it is the written roadmap in respect to marketing, financial, operational standpoints

Why a proper Business plan and presentation?

      It helps to analyze that your plan is on the right path or not

     It will help you make decisions and to avoid big mistakes

     Investors want a written plan before they give you money or they invest in your business

     Aim to have a well-documented plan that speaks for itself

     Proper presentation attracts the investor to invest their money in your idea

      the presentation shows the dedication and your process in that business

DESIGN LOGO AND WEBSITE

 LOGO is important:-

     Designing a logo is important because it attracts  the audience and converts them as your customer sometimes

     It works as the image  of your startup

     A logo tells the story on which your brand is built.

WEBSITE is important:-

     It gives an online presence to your business 24×7

     It tells that how serious and professional you are

     It provides information about your business

     A website act as a company’s portfolio

     It works as an identity card of your startup

CREATE SOCIAL MEDIA PROFILES

     It plays a huge role in building trust and getting new customers for your business

     It helps to maintain the relationship with existing clients

     As everything is getting into digital form so it is a necessity  to build a presence on social media platform

     You can communicate with your customers in an easier way

REGISTER YOUR COMPANY

WHAT IS COMPANY REGISTRATION?    

     It is the process to legally publish your company

     You get the legal right to do business

     Company registration is irrespective of its size

WHY IT IS IMPORTANT?

     It is important because it provides legal protection to your business

     It is an easy and affordable step to take

     It provides you legal rights to do business

     It helps in lowering your tax burden

     It takes off the individual burden

BENEFITS

     Limites liability:- in this owners and director remain isolated in case of business failure

      Entrepreneur can get an easy business bank account and loans from bank or investor

     Tax rates are lower in companies while comparing with individual

MARKET SURVEY

     It is the most important thing while you are running or starting a startup

     It helps you to know about your target audience

     It helps you to tell the requirement of your product or service

SEARCH FOR AN INVESTOR

     To run a business you need money and an investor is a person who will fund your business so your business can run properly

     Investor play an important role in the success and growth of a company

     There are 5 types of investors-

1.    Banks

2.    Angel investors

3.    Peer to peer lenders

4.    Venture capitalists

5.    Personal investors

MARKETING STRATEGY

     It refers to the reaching of product or service to the customer

     Marketing strategy covers 4 points

     Product

     Price

     Place

     Promotion

     Marketing strategy informs about marketing plan

HOW TO SELL PRODUCT OR SERVICE

     Study the product or service

     Show the perks of the product or service to the customer

     Communication should be soft

     Know your customer

     Be honest with your product or service

     Do not put false perks of your product

 

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