How to start a business
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This document provides information about startups including definitions of a startup and startup incubators. It discusses several startup incubators and accelerators located in Bangalore, India and provides statistics about their applications and startups supported. The document then gives a multi-step guide on how to start a business covering establishing basics, writing a business plan, legal requirements, finances, marketing, launch, and tips for success. It concludes with profiles of two successful Indian entrepreneurs.
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What makes your business unique in 21st century and how can you get success?
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This document outlines how to establish and utilize an effective DealTeam to pursue and execute a corporate finance transaction. The key points are:
1. A DealTeam typically consists of 3 members with complementary skills in legal, finance, and technical areas who work to support the company's fundraising efforts.
2. DealTeams leverage each member's strengths, spread the workload, provide accountability, and help the company connect with potential investors.
3. The document provides guidance on finding and compensating DealTeam members, establishing processes and tasks, and using the DealTeam to support the company from fundraising through acquisition or sale.
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The document provides guidance on starting a new business by outlining important initial steps and questions to consider. It recommends doing self-assessment to identify strengths and interests, as well as extensive market research to evaluate business ideas, competition, customers, financing needs, and risks. A business plan is also emphasized to define goals, operations, finances, timelines, and next steps to formally layout the business vision. Feedback from others is advised to strengthen the plan before launching the new venture.
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3) Choose a suitable location as it determines success and affects legal requirements, taxes, and revenue.
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- 2. What is a Start-Up? A company that is in the first stage of its operations.
- 3. Startup incubator A 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.
- 4. Business Incubators and Accelerators in Bangalore Khosla Labs IIM Bangalore Angel Prime KYRON
- 5. Other Incubator Indian Angel Network Incubator The Hatch Technology Business Incubator, IIT Delhi: GSF Start up village.
- 8. Start up promoting agencies SVSquare
- 9. 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.
- 10. Cont… 2-Writing a Business Plan Create a business plan Come up with an executive summary. Write your business description.
- 11. Cont… 3-Covering the Legal Side Consider finding an attorney or other legal advisor Get an accountant Form a business entity.
- 12. Cont…. 4-Managing Your Finances Cover your startup costs Have more than the minimum. Purchase Wisely Check out your competitors. Find a way to get paid
- 13. Cont… 5-Marketing Your Business Get a website. Hire professional designers Spend time developing an excellent social media presence Implement your marketing and distribution plans.
- 14. Cont… 6-Launching your Business Secure space. Build your product or develop your service. Launch your product or your service.
- 15. 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.
- 16. 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.
- 17. Successful entrepreneurs Phanindra Reddy Sama Charan Padmaraju
- 18. MOTIVATION ” “The best way to get started is to stop talking and start doing” - Walt Disney