MSME & STARTUPS – EVERYONE SHOULD UNDERSTAND THE BASICS

MICRO SMALL AND MEDIUM ENTERPRISES

BENEFITS OF MSME REGISTRATION :

1. Easy Funding.
2. Ease of Doing Business.
3. Required under legal laws.
4. Maintain the working capital flow in business.
5. Required for taking Subsidy

OUR DISCUSSION WILL BE BASED ON TWO FACTORS :

1. If you have idea and you wanted to know about the execution Techniques.
2. If You Want to Expand your Running Business. 

First will discuss about Idea to execution Techniques :

1. Analyse Your Idea – Apply Problem & Solution Techniques
2. Based on the Above Analysis Start Research on Demand & Supply.
3. Create Group of 2-3 peoples for Discussion and certain Fruitful Results.
4. If similar industry is in market, then research the data of that particular industry.
5. Prepare the Complete Budget for starting that business.
6. Based on the budget, prepare the complete Proposal.
7. Find out various Schemes of Government for Starting the Business.
8. Select the Relevant Scheme based on Your Budget and apply for funding.
9. Try to Promote your Idea on Social Media Platforms*.
10. You may start branding of your products and services on Google.

Based on the above Facts, we are going to start our discussion on “How to decide funds Requirements to start an new business :

1. Based on your Budget, you need to identify the initial Cost of your Project.
2. Initially you need to make expenses on Branding and Promotion Also.
3. Website Development, R & D Charges is Also There.

Physical Infrastructure Expenses will also be incurred.

In next Blog will learn about various possibilities for Existing Business.