Category: Starting a Business

Ever since Narendra Modi took oath as Prime Minister of India, he has endorsed the idea of Startup India and Stand Up India. The Skill India initiative by him is one of the best initiatives for the welfare of the people. The initiative aims to provide training to over 40 crore people in different streams by the year 2022. Narendra Modi believes in the principle of ‘Antyodya’ serving the last person in the queue.

The way the world is witnessing progress and development, technology is surely opening up new vistas and avenues for people. The young bloods today wants to set new benchmark of excellence and are willing to take risks.

The founder and CEO of OYO rooms is a young 23-year old boy. Isn’t it amazing when people like Ritesh believe in their ideas and turn them into a reality.

There is a fire in everyone and there is a story in every mind. All you need to do is ignite the fire and do every possible thing to make your story an inspiration for others.

In this corporate ridden world, it is not easy to leave an indelible imprint in the business world. A person needs to strive hard to standout from others and save his business from loosing in the crowd.

While starting a business, a budding entrepreneur faces many dilemmas. The first and foremost task is how to execute the idea, know the market, plan the budget, hire staff and brand your product.

Any wrong decision can ruin your startup. But there is always a way to know how to do things right at first go.

Startup India Consultants is one such platform which aims to help young people their capabilities at startup attempts. We aim to provide proper guidance to people in this dynamic business environment. We will give you a chance to seek advice from India’s top entrepreneurs and step in their shoes to give you a comprehensive understanding of various important things.

Its time to turn your vision into a reality with Startup India Consultants.

There are many important things you need to consider before kick starting your startup such as funding, branding your product, hiring staff and the list goes on. But one the biggest dilemma faced by any entrepreneur is, deciding the location of the business. On the startup extremes, location is one of the most critical success factors. With ever growing market of Indian Startups, budding entrepreneurs need to choose the right location and give his or her startup that X factor.

Before you start looking for business space, you need to have a clear vision of what you would like to have, where you would like to have and how much you are willing to pay. While many things can be reversed if they go wrong, what cannot be reversed is the location of your startup. So it is one of the most enthralling yet tedious tasks for any entrepreneur. The geographical location of your business should take care the given below factors.

Decide the type of your Business operations.
If your business is a formal and permanent one, you should go for a traditional store in a posh location and if it is a casual one and not permanent, you can look out for a booth which can be moved anywhere.

Demographics
Business involves sale and exchange of a product, and it’s the customer who is the king of the market. It is important that your business is in proximity with the customers. Demographics is the most influential factor in a retail business. You decide the location of your business keeping in mind your target market.
Foot traffic is of extreme importance. Never choose a place where people might bypass you. A dead spot might kill your business.

Vehicle Parking
Shoppers usually prefer places with easy vehicle parking and accessibility. If your business is on some congested busy street, it might not attract supplier, employees or customers. Any business is lousy if it not accessible. There might be difficulty in importing and exporting goods, adding further to your menace.

Competition
Having your competitor nearby, can be both an advantage and disadvantage. While if you choose the location where there is already a competitor, it might bring you existing customers of your rival on the other hand it can make your marketing job tougher too. Keeping your enemies close is good but how close is what you need to decide on.

Infrastructure
A good and vivacious infrastructure attracts shoppers quite easily. The infrastructure of startup should fulfill the requirement of all your operations and should have power backup, 24/7 water supply, telecommunication services and air conditioning.
An objective evaluation of all the factors will spare you from the cost of an execrable location. To make sure your business doesn’t lack anything, seek advice from Startup India Consultants. They will give an edge to your startup from idea till execution.