Hot answers tagged india
8
The Government of India has setup a Credit Guarantee Fund Trust for Micro and Small Enterprises.
It provides guarantee for loans upto 1 Core rupees based purely on your business plan. Also if your loan amount is less, you wont be charged anything if your startup fails. Its very much like a grant.
Also, there are many other schemes. You can look here for ...
5
Working by yourself is really hard - especially if you are the kind of person who gets their energy from being with people. As you have found, the biggest challenge is to keep yourself motivated and up.
It's really important to deliberately and regularly plan some balance into your life if you are going to stick with your startup for the long haul. You ...
4
In the USA:
If you register a trademark, you don't necessarily have to register the company name, although it is normally done. A product or service name is likely to be different from the company name.
A trademark can be for the name of a product, a company name, a logo, or some combination of these.
A trademark protects you from other people using marks ...
4
You asked how venture funding differs from bank loans, which looks like the only part of your question that we're capable of answering, so I'll start there.
Normally, they are completely different because a VC purchases equity in your company and a bank gives you a loan. The bank does not own any part of your business, but the loan must be paid back, and ...
3
I registered a Limited Liability Partnership a few months ago and the entire paperwork took 109 days. Full details here. Yours could take anywhere from a week to six months depending on what you are registering.
3
Ask them to do something that is not possible and daft, if don’t tell you that you are being daft, or they use lots of works so as not to hart your feelings, then find someone else.
Explain something to them in a way you know they cannot understand, ask them if they understand the task, if the say “yes” find someone else.
The sad fact is a lot of India ...
3
As a member as of the BizSpark program, I can highly recommend this over being a Microsoft Empower Partner.
My reasons are:
NO initial cost. Sorry A9S6, you are mistaken: as it is completely free to register for BizSpark (the program I think you meant by saying BizTalk). They give you the option of after 2-3 years of using the software completely free, ...
3
May I recommend that you talk to some of the US companies already doing this idea?
For example... my company, Textaurant. :) Drop me an email and let's chat - we may be able to help you without you having to reinvent the wheel.
- Josh
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First of all, I'd recommend you register on Onstarups (answers.onstartups.com). It says you are unregistered. Bad for business ;)
Anyways, I am an Indian this business idea is nice but I have some questions for you, who are your target customers/audience? Are they only high end folks? I am saying this because I know a lot of restaurants in India that don't ...
2
Are there any places in your area where other independent workers congregate like an internet cafe or tea house in your area? You may want to take some time and work there.
You have to find something different to do. I know you want to work on your business but you can't keep this up forever. Start to budget some time for friends, family and fun.
Not ...
2
I think you need to factor in that some books will be lost or damaged as a cost of doing business. I know libraries here have a budget to replace books. After all they don't last forever.
Can you build some incentives into your business model to encourage customers to return and care for the books? Fines work, but there my be some positive incentives you ...
2
I run a company based out of India and receive/send payments across currencies and countries. Based on my experience these are the easiest routes to remit money from India
The easiest and probably the cheapest is Credit Card. I do not understand why companies are telling you that they cannot pay by credit card. Probably they do not have one, but its easy ...
2
The 4 documents you listed are all you would receive. Most probably, the outsourced firm used RoC website to make payments, so they may provide you only challan number (not a physical receipt). However, in addition please also ask your firm to hand you the digital-signature purchased in your name (if they did). Also, you will receive the DIN letter at your ...
1
Whats next step? Am starting a Dropshipping company in India. I'll start with say 200 to 1000 shirts
Yes you need a business plan - for your own sake as well as to show your investor. If you are serious about making this a great business, you will spend the time it takes to do some strategic planning, to research your market and to improve your idea.
It's not easy to find investors in the current climate, let alone for a business with no revenues (and no ...
1
You have multiple options
You can set it as sole proprietary
Private Limited Company
Limited Liability Company ...
You should consult a CA for this in India on what is the best way to approach this.
you can get some direction from http://www.mca.gov.in (Ministry of Corporate Affairs), http://www.nenonline.org (National Entrepreneurship Network ) and ...
1
If you are working currently in the US on a H1-B visa, you can start a business, as long as you do not work for that company. You can only work for the company that sponsored your H1B and only the kind of work specified in the petition. There are no exceptions to this rule.
However, you can establish a company and appoint a director or CEO to run your ...
1
I am from India and yes almost all small businesses who were dependent on PayPal got affected because of the recent problems of RBI (Indian regulatory bank) with Paypal. (and payment gateways in general).
For transactions less than $500, you'll still do the business-as-usual. It's the incoming transactions above $500 that are no more allowed by PayPal for ...
1
I don't have knowledge about the US banking system and their fees. But in general, what I see is:
PayPal. If the fees are not totally unreasonable, then PayPal is often the way to go. There are plenty of horror stories about Paypal seizing funds on suspected fraud and offering shitty customer service, and the stories are all true, but PayPal is sadly still ...
1
U.S. LLCs can generally hold other entities but first require a tax election to not be treated as a disregarded entity. LLCs are treated as a disregarded entity by default if there is only one owner. To change this, an election must be filed with the IRS to turn it back into an LLC or even a corporation for tax purposes. Once this is done, the LLC can ...
1
I have over 45 staff in 9 different countries. I have never had success in hiring staff in India. I think the main reason is that although there are some exceptionally talented people, it's really hard to get access to them and there are also a lot of extremely average people. Also I have found that a lot of Indian workers that I have dealt with have not ...
1
You need an independent contractor agreement that assigns all rights to deliverables (including all intellectual property rights) to you, and you need to protect against losing your "family jewels" to the offshore developer.
These topics, and others, are discussed in "Top Ten Intellectual Property Mistakes of Startup Entrepreneurs" and the download to which ...
1
Libraries around me have reading programs designed for children to:
Encourage them to read
Take care of and return books on time
The program offers prizes from local businesses for filling out a reading card. This may be a possible option as well. I do not think it is worth insuring all of the books that leave the library.
1
Sri, My friend faced similar issue and finally came up with marketing plans.
Let people know about your company. (Branding & Marketing)
Small & Regular advertisements in newspapers.
Search employers from job portals like timesjob.com and contact them with your services
Provide money back guarantee/replacement of candidate.
Network Network Network ...
1
Just concentrate on one of your ideas. You are mixing up things, which might be build on one another, but concentrate on the most interesting for your clients to start with.
If this is talent search, do that up to the moment, when you see the possibility to engage the training market. Or do it vice versa. Starting in one or the other area depends on your ...
1
I'll say go for web apps, as they are easily accessible from any where and there are some nice finance management apps available and you can tweek it as you like:
1- Outright
2- Mint
1
I would suggest the following approach:
Move your business to integrate as a supplier to a large multinational company that has a local presence. To achieve this review their supplier requirements and make sure that your manufacturing processes match what is required. Learning from a global partner is the best way to integrate into the global market. ...
1
I have heard about Microsoft's BizTalk programme for Startups and they charge like $100 to register. Almost all the development licenses are provided free of cost.
This is one good link about how to start and get a registered company in india. The only major thing is to get a name registered. If the company is running as a Sole Proprietorship company, you ...
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