Start-up, Need to Start

At present, there are a large number of young professionals who are looking to earn quick money with minimal investment. And with India’s growing economy, there are a lot of possibilities where one can venture into. The ‘Startup India, Standup India’ programme announced by Prime Minister Narendra Modi on Independence Day has been successfully inaugurated in Mumbai’s Thane district. In addition, the Union Finance Minister Arun Jaitley has assured the startups that both the government as well as the banking system would be making resources available to them. As someone who’s intending to enter the world of business, you can soon find a special tax regime that would enable you to foster innovation to an optimum.

We should keep some major key factors in our mind to start a business, some of these are-

• Research on Business IDEA, & remember that XYZ IDEA should be Innovative, & you need to able to give it wings
• Make a plan, research on SWOT analysis [i.e, Strength, Weakness, Opportunity, Threat] of your business
• Collect all the needed resources, targeted your segmented customer
• Financial plan should be organize to sustain your business in long run
• Advertisement should be effective for awareness of your business among peoples
• Should be complete all legal process also.
• Future goals should be set.

Many startups which India need today, some of these are-

Breakfast Delivery- As we know, in today’s era mostly couples are working, & they can’t manage both home & work especially in the morning. So, we can start “Breakfast Delivery” to home to home as per demand & need of customer.

Consultant- We all have some kind of stress in our life, & some of us all go in depression after a time. So, we can start as Consultant & work as counselor as per need like [Personal, Relationship, Career etc].

Online Classes- This one is also so much helpful for both students & working class.

Fitness Club- In this we can include like- Aerobics, Gym, Meditation, Yoga etc.

Event Management- “Your’s Occasion, Our’s Celebration”, yes this one is also one of the business, which can’t effect by recession. Now peoples have money but don’t have time. So, this one is also good to start.

And as we know, now government also started many campaign regarding Start-up, & they are providing many schemes also. Although your IDEA should be smart.

Startup India campaign is based on an action plan aimed at promoting bank financing for start-up ventures to boost entrepreneurship and encourage start ups with jobs creation. The campaign was first announced by Prime Minister Narendra Modi in his 15 August 2015 address from the Red Fort. It is focused on to restrict role of States in policy domain and to get rid of "license raj" and hindrances like in land permissions, foreign investment proposal, environmental clearances. It was organized by Department of Industrial Policy and Promotion (DIPP). A startup is an entity that is headquartered in India which was opened less than seven years ago and has an annual turnover less than ₹25 crore (US$3.9 million).The government has already launched iMADE, an app development platform aimed at producing 1,000,000 apps and PMMY, the MUDRA Bank, a new institution set up for development and refinancing activities relating to micro units with a refinance Fund of ₹200 billion (US$3.1 billion).

Some of the Key points for which Start-up campaign starts are- 

• Single Window Clearance even with the help of a mobile application
• 10,000 crore fund of funds
• Reduction in patent registration fee
• Modified and more friendly Bankruptcy Code to ensure 90-day exit window
• Freedom from mystifying inspections for 3 years
• Freedom from Capital Gain Tax for 3 years
• Freedom from tax in profits for 3 years
• Self-certification compliance
• Innovation hub under Atal Innovation Mission
• Starting with 5 lakh schools to target 10 lakh children for innovation programme
• New schemes to provide IPR protection to start-ups and new firms
• Encourage Entrepreneurship.

Stand India across the world as a start-up hub.

The Standup India initiative is also aimed at promoting entrepreneurship among SCs/STs, women communities. Rural India's version of Startup India was named the Deen Dayal Upadhyay Swaniyojan Yojana.To endorse the campaign, the first magazine for start ups in India, The Cofounder, was launched in 2016.Although it is a campaign or famous since within 1 year only. 

Believe in Job offering & need to start, but first you need to find out the Need of customer & also scope of your selected business. Because in startups IDEA means all.