Are you an entrepreneur? Do you want to be an entrepreneur? You want to be entrepreneurs, but running short of money to start one? Then this "The Start Up Series: How To Make Money With Small Start Up Companies" will be very much suitable for you.

Why The Start Up Series?

There are many who want to start a company or have an idea, but unable to get capital, or stop working 9-5 jobs and do something on your own. Even after the booming of startups, it is getting harder to get access funds and capital. So it is wise to spend very less money for small startups that can help you in your future to build that big dream of yours. This series only shares ideas of small companies that be started with very less capital, can be marketed easily, having less technical expertise, and provide you higher profits.

Do I have the right Idea?

For a new entrepreneur, it is confusing how to decide what resources to buy, what will give better outputs in less money, how to compare different products and make a smart decision, how to start production etc. On top of all these confusions, the major question: Do I have the right Idea?

There are tested methods of forming a business idea. I will share a few here.

1. Understand how other companies in the same sector works
2. Find out what are the inputs, resources and capital and operation costs of existing companies
3. Learn how conversion of material to product happens and do a cost comparison
4. Evaluate import-export of the products and materials and whether it will make an impact in your idea.
5. Study Government schemes and programs for promoting companies in your desired sector
6. Find out banking institutions that can provide you with loans without collateral, with collateral with lesser interest and subsidy
7. Understand how social, market changes can affect your product. Ex: How Freecharge, PayTM used demonetization as a good strategy.
8. Study on the availability of local resources and cost
9. Find out what kind of technologies are there that can lessen your operational and human resource costs
10. It is essential to make a business plan to compile all the information that you have acquired. A business plan will have details of market, budget, resources needed etc.
11. Last but not the least, evaluate yourself. Do you have any previous experience in starting a company? Have you worked in any start ups? Do you have any friends or relatives who is doing any business related to the desired area.

Why The Start Up Series?

Market Survey To Know Whether You can Make Money With Small or Micro Start Up Companies

Market survey is very important and to be done before making a decision on starting a company. A market survey is essentially consist of details on existing market condition, expected demand, responses of market, understanding market fluctuation, competition, quality standards and measurements etc. There is no need to spend huge money to do market survey. You can do that by meeting with consumers, shop keepers, wholesale and retail dealers etc. If you are sure that profit generated by the company will be less than ten percentage, then it is better to drop the idea.

What is the difference between micro enterprise, small enterprise and medium enterprise?

I am not sure how many of you in India have heard about Ministry of Micro, Small and Medium Enterprises, GOVERNMENT OF INDIA. The small business sector is governed by The Micro, Small and Medim Enterprises Development Act, 2006 and the The Industries (Development and Regulation) Act, 1951.

The Industries (Development and Regulation) Act, 1951, as- 65 of 1951 states that as-

(i) a micro enterprise, where the investment in plant and machinery does not exceed twenty-five lakh rupees;

(ii) a small enterprise, where the investment in plant and machinery is more than twenty-five lakh rupees but does not exceed five crore rupees; or

(iii) a medium enterprise, where the investment in plant and machinery is more than .five crore rupees but does not exceed ten crore rupees;

(b) in the case of the enterprises engaged in providing or rendering of services, 

(i) a micro enterprise, where the investment in equipment does not exceed ten lakh rupees; ·

(ii) a small enterprise, where the investment in equipment is. more than ten lakh rupees but does not exceed two crore rupees; or

(iiz) a medium enterprise, where the investment in equipment is more than two crore rupees but does not exceed five crore rupees.

[A Lakh Rupee - One Hundred Thousand Rupees and A Crore Rupee - Ten Million Rupees]

Aim of The Start Up Series 

 In this series of blog posts, we will be sharing step by step process of starting small companies including important steps in starting a small business, how making a decision on which small business to start from, how to find business resources etc.

 I have even taken the liberty of listing out some of the non IIT, non IIM start ups to make to motivate. Read it here: Best Start Ups in India That You Must Not Miss. If they can, why can't you at least try to do something, create a small company, a small start up that may get leveraged in future - WHO KNOWS.

 I will be publishing series of blog posts on small start up ideas with information on production, marketing, resources needed, expected budget and expected profit. It would be ideal for you to make a business plan for others and get investments. After publishing each and every post, I will add the link here, so anyone can come and visit the page and get easy access whole series. I also welcome questions and comments or requests to add details on start up ideas that you have in mind.

The Start Up Series

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