subject: Setting Up A Business In Vizag, Starting A Business In Vizag [print this page] My own business has seen several ups and downs & so I felt of sharing some 4 tips valuable for readers who are venturing into starting a business in India or abroad.
Tip 1: Research, Research & Research before starting a business
One should understand thoroughly about their product/service, Target location & prospective customers. You need to understand whether customers will buy your product or service in the defined territory. Facts & opinions needs to be gathered related the above that gives a concrete understanding.
Tip 2: Licenses & permits required for starting a business
Does your service require any License or other Govt approvals? Have you registered your business name? Does your business come under a sole proprietorship or Partnership act? Check these out.
Tip 3: Write a business plan
A Business plan should be written that mentions about your Team, vision, mission, how you manage or run the business, financing, sales forecasting & achieving the breakeven point. This will give a clear picture if you are starting a business to know what resources are required to achieve success in long run.
Tip 4: Marketing Plan
A good marketing strategy helps you reaching your goals & your estimated turnover. You need to figure out how you plan to make your product reach the customer & make them interested for knowing more.
VR Consultancy helps people involved in start-up business or entrepreneurs starting a business in India. We will manage your business from start to finish covering market research, business planning & development,documentation,etc.They can be reached at vizagrecruits@gmail.com or +91 9912884466.
For More Articles Visit: http://vrcbusiness.blogspot.com/2010/06/guide-to-business-start-ups.html or www.vizagrecruits.com/articles.htm
by: Ravindra CEO,Vizag Recruits
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