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 Strive To Drive The Life 

Date of Publish - Thursday, 28th June 2018
igniting_minds

Strive To Drive The Life

Are you dynamic? You want to aspire a small business in your budget, just spare some time with us to know the few business strategies which help you to start a small business with low investment. For business flashpoint, India is in the second place after China in small-scale industrial establishments. Everyone likes to earn money and do business on their own, but many of need a proper channel, to step into the field. Here are the few steps, read them and start a small business to earn huge amounts.

How To Start A Small Business In India Successfully?

Select the proper Industry according to your interest, and do some research, where you want to build your business. There are many thriving industries where there are many opportunities available for you to strengthen your business. In a country like India, nobody can analyze that if any, business which succeeds in one region may not succeed in another region. So selecting the right business and starting at the right time is the first step for your success. At inception, prepare a business plan, and include all business strategies in your plan, which saves your time, energy and money and works wonders after you start implementing it. After drafting your business plan, you have to register your business with the Ministry of Corporate Affairs, India, which is the right channel to register your business in India. Basically, there are four companies to register a new business in India. You can choose any company to register and to strengthen your business, you have to join in the professional networks, with their support you can build your business network. As a member of the professional network, you can struggle and learn business techniques and benefits to gain in the new business field. As technology is increasing day by day, immediately after registering your company you have to create a website for your own business. It benefits both customers and the owners to trade online. Always remember to pay your tax on time for the smooth running of the business. At your convenience, to pay your tax you can approach to the Central Revenue Collection firms in your locality to inquire about your tax payment.


Some Important Business Opportunities in India with Low Investment:

Now a day, even in small villages also there are educational institutions, so starting a stationary shop is the best business with low investment. One can start this business without having any educational knowledge also. There are special occasions round the year. Designing and preparing Greeting Cards, is one of the best options for people who have an interest in designing. There are hundreds of websites to help the people to prepare Greeting Cards with different patterns and attractive designs. If you are good at preparing fast foods, then why don’t you start a Fast Food Restaurant, by which you can earn regular income. Many people usually opt for used goods, which suits their budget. This is the best business where you can purchase and sell the used goods in the online market.
While doing your business, you must be aware of few challenges. Labor contracts play an important role in the business. The Indian law offers a labor contract to benefit their employees. There are three contracts. Fixed, Permanent and Temporary contracts. So the new businessmen must pay special attention towards the Industrial Disputes Act, by which the employee is fully protected related to their work, holidays, wages and other terms and conditions. The new businessmen must note for the transfer pricing. All international transactions are to be evaluated with the ‘arm’s length principle, where there is a need for the related customers to pay the audit fee if the transaction exceeds 150 INR million.

Plan your business and keeping few facts in mind, You can start and strengthen your business in India, and can earn relevant returns.

 

Author :
M.Karunakar Reddy

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