There has never been a better Startup in India time to start a business and in 2021 record number of people did just that. A report says on Startup in India , ”The Indian start up ecosystem has grown by leaps and bounds in the past decade. From a nascent ecosystem with a handful of tech-focused ventures to 29k start-ups in 2014, the number has grown exponentially and will touch 55k by the end of 2020”.
Why is this happening? It is very obvious: Recently it is perfectly possible to begin and grow a start-up in India. Whole world is now turning itself towards digital mode.
· In your spare time
· From home
· On a budget
· With help from friends, smart phone and other
If you are thinking about the office working hours of nine-to-five job for the last time and how to become your own boss, then you might consider a variety of small business ideas. But, while you have such a great passion and direction then it will be hard to find.
To start, just pulled out all the small business ideas from mind. And use these as a hammer point to explore your own unique ideas:
· Small business ideas
· Home business ideas
And if all fails, live the words of Airbnb co-founder Brain Cheasky: “If we tried to think of a good idea, we wouldn’t have been able to think of a good idea. You just have to calm down and find out the solution for your problem”.
Write your business plan:
Your business plan is the foundation of your business. Adopt the skills on how to write a business plan firstly and effectively considering your thoughts and interest area.
Why you should write business plan?
A good start-up plan will guides you through each stage of starting, managing and marketing of your business start-up in India. You will use your business plan as a roadmap for how to structure, run, and grow your new businesses. Just like that you can think over your start-up idea and key elements of your business.
A great start-up business idea can help you to get funding and bring new business partners for you. Investors are the backbone of any new start-up business. So they want to feel confident about their return on their investment. Your business strategy is the tool you will use to convince people. Once they get convinced that working with you- or in your company-is a smart choice, then you are half done.
The benefits of owning your business can be very attractive. Working for yourself means a lot sometimes. It gives you more independence, flexibility and the opportunity to follow your passion.
How to come up with an idea?
Many people thought that they want to start a business but what’s holding them back is not having an idea. It is easy to come up with one. Ask yourself these three questions;
1. Is there a gap in the market?
Have you ever tried to buy something that you just can’t find anywhere? Could others be looking at the same thing? If so, this presents a market opportunity. It was a gap in the market that encouraged you to leave a job and start a business.
2. What is my passion/hobby/skill?
Many people are approaching towards what they love and make it a way of livelihood. Best of all, when you work on what you enjoy, doing it never feels like work. Are you a dab hand at design? Have an eye for photography? A head for figures? These skills and hobbies can easily be turned into a business start-up idea.
3. Find that if there is someone doing things better than you?
If you have bought something and it do not gives you satisfaction, why not step in into that new start-up idea, just set up a business, and provide a better offer and employment. Many good ideas for a start-up in India came from spotting products and services that can simply be improved or offered for less cost.
Your idea will develop over time. Don’t get shocked in first 12 months of time, your business looks different at initial level. But it might be somewhere at growth level when you just started out the business. This is okay. Start-up in India have to get refined over time; when you offer customers, you will get sharper experience of market place. What is important here, how get started with business in the beginning. Ideas will take time to develop. It is a cycle of getting feedback from customers and input from others.