New Ventures is a global program that provides services for the development of small and medium enterprises (SMEs) whose main goal is to generate a positive environmental or social change within their own communities.
New Ventures is a global program that provides services for the development of small and medium enterprises (SMEs) whose main goal is to generate a positive environmental or social change within their own communities.
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Similar to New Ventures is a global program that provides services for the development of small and medium enterprises (SMEs) whose main goal is to generate a positive environmental or social change within their own communities.
Similar to New Ventures is a global program that provides services for the development of small and medium enterprises (SMEs) whose main goal is to generate a positive environmental or social change within their own communities. (20)
Marketing Management Business Plan_My Sweet Creations
New Ventures is a global program that provides services for the development of small and medium enterprises (SMEs) whose main goal is to generate a positive environmental or social change within their own communities.
3. 12 Steps for starting a Business In India
• 1.Checking the Company Name Availability
• Before any company registration can take place, you must check
whether the proposed name is available. This can be done online,
where applicants may check the availability of their desired company
names on the MCA 21 website. Once approved, the selected
company name appears on the website.
• 2. Acquiring a Director Identification Number (DIN)
• A Director Identification Number (DIN) is a special identification
number that is provided to any existing or potential directors of
companies that are incorporated. A provisional DIN can be obtained
by filling a DIN-1 application form online.
4. 12 Steps for starting a Business In India
3. Acquiring a Digital Signature Certificate
A digital signature certificate is an issued electronic key that validates and
identifies the holder of this certificate. One of the approved agencies registered
with the ministry can issue this certificate. An application form, identity proof,
and permanent address proof must be submitted by the company directors
when applying for a Digital Signature Certificate.
4. Obtaining an Incorporation Certificate
An incorporation certificate is provided by the Ministry of Corporate Affairs and
is used as proof for the constitution of the company. To apply, the following
forms must be digitally filed on the official Ministry of Company Affairs website
– e-form 32, e-form 1 and e-form 18.
Along with Form 1, the Registrar of Companies must be provided with one copy
of each: The Memorandum and Articles of Association (MoA and AoA), the
consent of directors, and a stamped copy establishing the power of attorney.
5. 12 Steps for Starting a Business In India
• 5. Creating a Company Seal for official documentation
• A company seal is required to be placed on papers for sharing certificates and other
official documents. The total cost of acquiring an official seal is dependent on the
number of words that need to be engraved on it, the number of seals issued, and the
time period for the delivery of the seals. It is to be noted here that the requirement to
maintain a company seal is not mandatory for private companies.
• 6. Stamping of all Company Documents
• The application to have the company’s incorporation documents stamped must always
have the unsigned copies of the Memorandum and Articles of Association attached
alongside the payment receipt for the same. Stamp duty should be paid online for such
documents to the Registrar of Companies.
• Following this application, the Superintendent will return the copies – one of which is
stamped, signed and embossed in an official capacity. Finally, the company promoters
must sign the MoA and AoA, with all required information being filled in their own
handwriting.
6. 12 Steps for starting a Business In India
• 7. Acquiring a Permanent Account Number (PAN)
• Filing of Form 49A is required for the application of PAN. Once a unique PAN is
acquired, a physical version of the PAN card will be delivered to your registered
address by official post. The PAN application may also be done online, but the
required documents will still need to be physically sent for final verification.
• 8. Acquiring a Tax Account Number (TAN)
• As per the Government of India, a Tax Deduction Account Number or Tax
Collection Account Number (TAN) is a special number issued by the Income-tax
department to all entities who are required to either deduct or collect tax at the
source.
• To obtain this number, the form 49B must be filled out and submitted at a TIN
Facilitation Center. Once the application has been verified, it is forwarded to the
Income Tax Department and the TAN is issued. The application for a TAN can be
done either offline or through the NSDL website.
7. 12 Steps for Starting a Business In India
• 9. Obtaining a certificate from the State/Municipal Inspector under the Shops and
Establishment Act
• A statement that includes the employer/manager’s names, company’s designated name
and permanent postal address and business category must be provided to the State Shop
and Establishment Inspector along with the payment of applicable fees. This is a vital
step in trade license registration as all companies must be registered within one month
(30 days) of the opening of their business.
• 10. Applying for GST Registration
• GST registration is mandatory for any entity seeking to undertake the supply of goods
and services across states while maintaining an annual aggregate turnover of more than
INR 40 lakhs/20 Lakhs. This should be prioritized before any other process for new
company registration. For further information on GST Registration and documents
required for the application, you may visit the following link.
• GST registration is mandatory if you are a seller or are planning to be a seller on
Amazon.in (exception: if deals only with GST-exempt categories).
8. 12 Steps for starting a Business In India
• 11. Obtaining a Profession Tax Certificate from the State Profession Tax Office
• Every employer (who is not a government officer) is liable to taxation and must
obtain a certificate of registration from the relevant authority. A company is
required to file Form 1 to the State Profession Tax Office to apply for the
Profession Tax Certificate, if applicable.
• 12. Completing a National Employees’ Provident Fund Registration
• Every employer is required to provide their worker information to the local
Employee Provident Fund Organization (EPFO). This must be done in the
prescribed manner so that an Establishment Code Number (ECN) can be allotted
to the company. This process is within the sole purview of the employer, and no
separate applications need to be made by the employees. Note that this will only
be required if the provisions of the Employees’ Provident Fund and Miscellaneous
Provisions Act, 1952 are applicable on the company.
10. Types of Business Ownership
• Sole proprietorship - In a sole proprietorship structure, one person
owns the business and runs its operations. ...
• Partnership - In a partnership business structure, two or more people
own and operate the business.
• Corporation.
• S corporation.
• Limited liability company.
12. • Reviving A Startup
. Change Course: Business Modelling
. Rewrite the Story: Branding
. Reconsider the Destination: Audience Targeting
. Revisit the Port: Marketing
. Remain Fearless: Persistence & Improvement
13. Why think about your exit ?
...because a solid exit process maximizes value.
. The Exit Is Just As Important As The Investment
How is value created? By forming a business, building the business, and selling the business
- A well-designed Exit can create as much economic value (for founders, investors, and employees) as all the heavy lifting of actually building the business
. The Startup landscape has changed
- Open source, viral media, cloud, EC2, APIs, offshoring, etc. Cheap to start & scale a company
-Lean startup model rapid prototype & testing, multiple pivots (instead of one big business model bet) – Goal mis-alignment between VCs & startups = Angels and
Isuper angels are the new funding sources
• The Exit Environment Has Changed
-IPO market is still (pretty much) dead
- For large companies, “M&A is the New R&D” –Large companies have too much cash & need to buy a growth story
- Business strategies of acquirers are intersecting (Google vs. Apple vs. Adobe etc.)
Net-Net:
Cheap & lean startups + smaller funding rounds + new funding sources + faster
startup lifecycles + shorter time to (fail or) exit = The New Opportunity.
14. Why It Make Sense To Exit Early
• Lower risk, more return (for Entrepreneurs)
• Entrepreneurs like to create and grow, not manage
-Start it, build it, sell it and then start again (or become an angel investor)
-Founders’ value typically diminishes over time, as co. Requires more process, less experimentation
-Your key strengths are in creating- not managing the people, systems and structure of a large enterprise
• The VC model breeds big, “swing for the fences” companies
- Large VC funds require massive exits to move the needle
-VCs have multiple mechanisms to block exits that would otherwise be good for Founders
• Mis-alignment of goals and time horizons
-Venture-backed companies average 6-8 years from VC financing to M&A exit
-After founders’ shares have already vested, “equity effect” becomes a drag on momentum, motivation Relatively few founders are
-still at the helm at the time of an IPO or mega-acquisition
15.
16.
17. What Is Exit Strategy ?
• A business exit strategy is an entrepreneur’s strategic plan to sell his
or her ownership in a company to investors or another company. An
exit strategy gives a business owner a way to reduce or liquidate his
stake in a business and, if the business is successful, make a
substantial profit.
25. Latest News on Indian Tech Start-ups
. Funding in India’s tech start-up ecosystem in 2023 has been lower in in the last
five years, dropping India’s global ranking from 4th to 5th place.
. The year received $7 billion in total funding until December 5, a significant
decline of 72 per cent, compared to $25 billion in the previous year.
Only two new unicorns were created this year – Incred and Zepto – as against 23
in the previous year and 119 acquisitions as compared to 187 acquisitions in
2022, a 36 per cent drop, according to the report by leading global market
intelligence platform Tracxn.
The funding declined across all stages, V READ late-stage funding dropping over
73 per ON APP cent, followed by early-stage funding (70 per cent) and seed-stage
funding (60 per cent).