Start-up activity in India is attracting a lot of attention. And why not? After all, it reflects the newly rejuvenated spirit of entrepreneurship in India, particularly that of the knowledge professional. The opening up of the economy and the increase in consumption patterns and demand has together carved out entrepreneurs who desire to move out of conventional Family Owned Businesses and Professional Jobs to set up new contemporary businesses. We believe this will not only serve to motivate others who share a similar streak to strike out on their own, but also bring together future partners, consumers or investors.
Have an IdeaIdea is the most important aspect of a Start-up. It is the base on which a business will run. If you are confident that you can pull off something special and you like it then you must go for it.
Complete Market / Industry ResearchThis is a very important stage for any business whether a Start-up or not. Industry / market research is a must to analyze the viability of the business. There are many questions that will rise and have to be answered in order to get refined and pass this stage.
Choosing the right business structureAs a Start-up you will have to understand the dynamics of the right business structure. You can’t start as a company but yes as a Sole Proprietor or as a business partner. This is very important as it involves lot of legal issues.We represent various Venture Capital/Private Equity Funds and Large Investors in India and have a base of more than 1000 businesses in various categories waiting for execution from small Start-ups to medium and large Joint Ventures.
Create a detailed Business PlanA detailed business plan is required as this showcases your business identity and idea. This document involves all the detailed financial projections with all relevant information. This is the document that has an impact on the investor at the first instance.
Effective and Creative naming to the businessYou can realize from facebook, Zomato, flipkart, Whatsapp etc… that their names are unique, creative and innovative. A business will be a success or a failure will be according to the name which needs to be a memorable one. Yu should be very careful and should have a fully refined name to your business.
Out of the box designed logoImpressive and well designed logo is the first impression that a prospective customer has of your business. You must take care of this step in particular with all finishing done in a precision manner. Remember your business name & logo will remain with you everywhere.
Build a user friendly websiteToday all are taking full advantage of the internet and the social media. You must create a user friendly website and market it creatively on the social media circuits to enhance the visibility of your idea and business.
Get your finances in right orderFor all the above mentioned steps you need to have the right finance structure ready to proceed.
You need to answer the following questions in this step :
1) What percent of investment is Outside Debt
2) How frequently you will be planning your finance
3) How to keep your costs as low as possible
4) When do you feel you require the next round of funding and how to utilize it
Business Deals is about conversion of Business Ideas into startups, entrepreneurship and emerging companies in the new global India. It is here to let the right kind of people find such companies and thus help them build their dream ideas to business reality. Starting your own business is not just about having a dream. There are real steps to ensure your business is a successful start. We, at BusinessDealshelp you to move on with your business idea by converting the Idea into a Start-Up Venture.
BusinessDeals provides Assistance in terms of
1) Business Idea Screening
2) Developing a Business Plan
3) Fund Raising
4) Idea Screening
So if you've decided to start a business. Maybe you have a brilliant idea, and you're trying to figure out if it's viable or not. Or maybe you\'re out of work, or just fed up with your current job, and looking for an alternative. We exercise to convert your idea for a business into a running venture.
Idea generation is required throughout the entrepreneurial process and not just in the beginning of the company building process. In fact it is a critical skill when working within organizations, or in many other contexts. BusinessDeals helps you guide the most essential entrepreneurial skill of Opportunity Recognition in a very light way.
A creative exercise that leads the entrepreneur through the idea generation process in a hands-on manner. Confused how and from where to start your new business? Get tips and ideas on business from BusinessDeals. Get your planning organized and then go ahead to becoming your own boss.
1) Select the industry you're interested in working in.
2) Research the kinds of businesses and various business models within that industry.
3) Perform market research to see where there is an unmet need geographically, price wise, complementary products and services, etc.
4) Analyze the competition
5) Develop a preliminary business plan for a business to meet that need
6) Do market research to assess the realistic market potential for your business.Will people buy it?
7) Revise the business plan and determine your funding requirements.
If needed, seek out lenders or investor.
Start the business.
Just because you build an idea doesn\'t necessarily mean anyone will buy/fund it. BusinessDeals analyzes whether the Business Idea has the potential to become an opportunity for the investor. It investigates the Idea thoroughly to see if it is feasible enough and will ensure acceptable profit levels.
The primary value of your business plan will be to create a written outline that evaluates all aspects of the economic viability of your business venture including a description and analysis of your business prospects.
A business plan serves several critical functions. For companies at their earliest stages, it focuses the thoughts of the founders, for companies already in business, it focuses them on the fastest and most direct route to profitability and for a company at any stage, a polished business plan is critical for raising capital. Without a top-notch, compelling business plan, no matter how good or unique your ideas and how capable your execution, your business will wilt if your vision, coupled with a coherent strategy, cannot be communicated to others in a clear, compelling manner. The primary value of your business plan will be to create a written outline that evaluates all aspects of the economic viability of your business venture including a description and analysis of your business prospects. You need to keep in mind that creating a business plan is an essential step for any prudent entrepreneur to take, regardless of the size of the business.
Elements of Business PlanSimply stated, a business plan conveys your business goals, the strategies you'll use to meet them, potential problems that may confront your business and ways to solve them, the organizational structure of your business (including titles and responsibilities), and finally, the amount of capital required to finance your venture and keep it going until it breaks even. Your business plan will become your roadmap to chart the course of your business. But at the outset you cannot predict all the changing conditions that will surface. So after you have opened for business, it is important that you periodically review and update you plan.
Developing a Business PlanA business plan is the formal written expression of the entrepreneurial vision, describing the strategy and operations of the proposed venture and the advantages of writing a business plan far outweigh the costs. The purpose of the plan is to enable the top executives of the firm to think about their business in a comprehensive way, to communicate their objectives to individuals who may have a stake in the firm\'s future, to have a basis for making decisions, and to facilitate the planning process
Simply put, not every business needs the full formal plan, but every business needs a plan. Think through and write down your core strategy, assumptions, review schedule, dates, deadlines, task responsibilities, and basic business numbers. Those basic business numbers are the sales forecast, expense forecast including personnel, startup costs, and startup funding.
Failure to plan is a plan for failure. The business plan document does not need to be complex or convoluted, but it is necessary. If you are having a hard time pulling your plan together, our experts at BusinessDeals will extend their assistance in this area. Fund Raising
In today’s highly competitive market you need to think competitively throughout your Fund Raising business plan, no matter how strong your concept is and whether you are seasoned entrepreneur or just a new start up, looking to raise finance from venture capitalists.BusinessDealss helps you to be competitive in this cut-throat business environment and eradicates the fund raising problems.
BusinessDeals capture the strategic operational and financial aims of the business. State the financing you need, based on your financial forecasts. Include details of any finance provided by the founder or management team and indicate the key risks to the Fund Raising business and any mitigating action you can take
We, at BusinessDeals, assist the investor in preparing a financial plan which indicates the requirements of finance and the application of funds. This is presented to the investors who will finance your venture. A well developed Financial Plan can get you to convert your dreams into reality.
BusinessDeals is here to lend their hands in making your dream project a successful Start-up venture.
A Standard Business Plan OutlineIf you have the main components, the order doesn’t matter that much, 1) Executive Summary : Write this last. It’s just a page or two of highlights.
2) Company Description : Legal establishment, history, start-up plans, etc
3) Product or Service : Describe what you’re selling. Focus on customer benefits.
4) Market Analysis : You need to know your market, customer needs, where they are,how to reach them, etc.
5) Strategy and Implementation : Be specific. Include management responsibilities with dates and budget.
6) Management Team : Organization Structure along with Reporting and Responsibilities
7) Financial Plan : Include profit and loss, cash flow, balance sheet, break-even,analysis, assumptions, business ratios, etc.
Business Plan as a tool for FinanceWith most outside investors, you have to break through the cloud of other business plans. A key component of attracting and retaining investors' attention is a thorough, realistic and factually-based plan. Investors are used to seeing hundreds of business plans; and some of those plans would be utterly unrealistic. Business Deals helps you support your plan with real data, real research, and market validation. We model the variables that matter in your business, and we use those variables to base your plan on detailed and logical assumptions.