What is best way to establish a small business in India?

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How to start a small business in India?

• We will cover 12 important steps to start any
  type of small business in India here.
• Decide your business type and segment. A business
  starts with a business idea. An Indian citizen or
  NRI or a foreign entrepreneur or company can
  start a small business in India by getting
  approval from RBI and concerned authorities.
• 2. Learn and learn more. You must be well known
  in every segment of the business. Government
  vocational training can help a ton.

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3. Detailed report of the project. It includes
every expenditure made and the expected profit in
coming there years. 4. Ensure that you get
funding. It is vital to know how much you need
for a particular time interval. And then, you
must decide your source of funds like family,
bank loan, crowdfunding, or else. 5. Select a
proper location. The concerned Civic body or gram
panchayat has the right to approve a business to
work in its area. You need to register for gram
panchayat to get electricity and water
connections. 6. Registration and licensing. You
can register within a week of your application as
per the directives given by PM Narendra Modi.
This is a significant step. Without registration
and licensing, plenty of businesses would go
unnoticed. You have to follow the guidelines of
the concerned ministry, for example, during new
company registration in Delhi.
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7. Tax registration is mandatory. You need to get
your PAN and TIN, which is compulsory. You need
to do tax registration during company
registration in Dwarka or any other part of
Delhi. 8. Launch your website. It helps in
branding and faster marketing. 9. Grab the
market. Grab the attention through a relevant
name brand logo. 10. Open a current account in a
bank. You can manage funds better. It helps to
apply for business loans 11. Initial low wage
structure. It is vital to get low-wage staff
initially so that the company doesn't make a
colossal loss and learn more. 12. Get it
published. It helps a ton with a small business.
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