Auzzi Shopping

An Informative Guide to Starting Your Small Business in India

  • Written by News Company

Once you decide to start your own small business, there are a lot of factors you need to think about. One of them is definitely the country where you plan to open the company. Have you considered doing it in India? If not, we hope this article will convince you that it’s a good idea; and if this was your plan all along, then here is an informative guide on everything you need to know about starting a business in India.


Come up with a solid business idea

The first thing you need to work out is the type of business you want to start. What can you offer to the world? Is it a product or a service? Which industry are you interested in? What do you wish to achieve? How many employees do you need? Which business structure will you opt for?

Once you have all of these points figured out, put them on paper. This can serve as a business plan. Your next step is determining whether this sort of business would be successful in a place like India. This is where market research comes into the picture.

Conduct thorough research of the market

In order to succeed in any market, you need to understand it. That is why you need to conduct intensive research and try to find any gaps which you could fill. Think about the problems you could solve for your potential customers. Observe the market carefully and see what needs to be fixed – maybe your company is capable of doing exactly that. However, keep in mind that you should not start this endeavor until you are completely sure you are able to bring something new to the table.

Before you decide to start your company in India, you first need to understand how fierce your competition is. Is the market oversaturated? Is there a need for your service/product and who will your target audience be? Depending on your funds, you can open all sorts of businesses. For example, a startup that deals with property management can be quite successful in India. Furthermore, consider a food delivery service, a housekeeping business or even a company for cleaning water tanks.

Choose the best location

Choosing the location of your company can be a bit tricky as it might depend on what your company does and where the majority of your clients are. In order to run a business in India, you must register with the local administration, but other than that, you can start it from home, use a co-working space or have your own offices.

It comes as great news then that a study by JLL India revealed that the office sector is rapidly evolving, meaning that you will easily find the right space for your needs. Moreover, regardless of whether you work in IT, finances, construction or healthcare, you will be glad to hear that the importance of sustainability and eco-friendliness of buildings is not neglected, which is another big plus for this country.

Work out your finances

Once you know what your business’s purpose will be and you figure out its location, you need to see how much money all of that will take. Look into property prices as well as what it takes to create your product or perform your services.

In India, most businesses are launched by self-financing. However, you can always look into various loans offered by banks and online, join a crowdfunding platform or search for venture capitalists. Make sure to carefully examine all your options and understand what they mean for your company.

Register your business

To start a small business in India, you have to be Indian or form a partnership with a local entrepreneur in case you are a foreigner. However, the good thing is that you can register a business online on the Ministry of Corporate Affairs’ website.

When registering, you also need to decide on the business structure. There are several options available, with LLP and Private Limited Company being the most common. Make sure to consult an expert to see which option would work best for your company.

Don’t forget about taxes

The company structure plays a role in your taxes, so it’s important to choose the right one. Furthermore, you need to get a Taxpayer Identification Number (TIN) and a Permanent Account Number (PAN) from the Income Tax Department. You will be allotted the number within 30 days and they are quite useful when you have to pay taxes.


So, if you decide to start a business in India, make sure to find a trustworthy partner and look for an expert who can help you with the legal aspect of this endeavor. After these crucial steps are done, you can focus on cash flow, marketing and customer service.

How to secure your hot water system from damage

Many households don't think about their water heater system. It's one of those appliances that are often taken for granted until it stops working. The hot water system is usually hidden in...

7 Budget-friendly Cozy Bedroom Makeover Ideas

A bedroom is a place to rest and recharge your batteries. But if at the end of a long day, you enter your bedroom and it's not giving you anything but a calm and happy feeling, it might be t...

5 secrets on how to eat a healthier diet

Healthy living and feeling great is much more than just sticking to a diet that makes you feel hungry and sad. Healthy living is about the lifestyle choices that you make and it is a conti...

Top 4 Tips for Heating with Wood

For most people, burning firewood remains a primary source of heat in winter. So, it's only imperative to learn tips on how this heat source can be adequately maintained to keep one warm a...

Benefits of Domestic Roller Shutters

Roller shutters have quickly become a preference in many households and not just as garage doors but also for doors and windows. They are particularly popular for their security, which i...

3 essential tips for finding a good family lawyer to represent you

If you are going through the breakdown of your marital or de-facto relationship, it makes sense that you would want to hire a talented family lawyer to counsel you as well as represent you...

Protect yourself and your family by working with a team of expert child custody lawyers

It is sometimes best for two people in a marriage to part ways but this doesn’t mean that the task is easy. More often than not, people will have mutual friends and mutual possessions that...

SiDCOR’s 5 tips for starting a new business venture

Starting a new business can be a stressful, frustrating, yet ultimately rewarding endeavour (both financially and personally). However, much of this is predicated on making effective, safe...

PGP Australia’s guide on preparing for your first internship

Trying to nab a great internship before graduation is not an easy feat. It can be a stressful, time-consuming and anxious time preparing resumes, cover letters and passing assessment centr...

Why it is sometimes the case that implementing fewer SEO techniques is better than implementing the wrong ones

What can often happen to people is when they start building their online presence, they can get a little bit carried away. For instance, people may feel like they have to sign up for every...

Digital myths that you should completely ignore when you start on your SEO journey

Everywhere people look in this day and age, there seems to be some kind of heading that is trying to grab their attention. Most people understand that this is the case when it comes to the...

July 2019 Bitcoin Market Update and Outlook

Bitcoin continues to be on high heels in 2019, as the price managed to recover from a bear market that brought to its knees the cryptocurrency market. From the January 1st opening price towa...