ARUN B. JAIN & COMPANY

Audit ITR

A through home work is must before starting a business or a project. We must go through following steps:-

1. Work on your business idea. Why, What, How, you are going to start a new business or a project. Many people think they have a great idea and jump into launching their business without thinking through who their customers will be, or why these people should want to buy from or hire them. Remember well “well begun is half done”
2. Prepare in depth Business Plan:- Once you know what business you want to start, you will have to start gaining the required knowledge and expertise to start that business. This might take a lot of research and planning; but at the end all these efforts will ensure that you have everything in place to get your business idea off the ground.
3. Demand of the product:- A market survey should reveal all the details that you may need about the market for your product or service. Like you must know about the
   a) current size of the market
   b) growth potential
   c) market share that you can expect to take
   d) buying habits of the target audience
   
4. Cost of Project/Business set up:- Estimating your start-up costs is one of the very important things to consider when starting a new business. You will have to assess the total cost that is required to set up and run your business successfully. It includes cost of land, Building, P&M, Equipment, Furniture, Electric Installation, Preliminary & preoperative Exp., Working Capital requirements.
5. Means of Finance:- Before implementing the business idea, you must have sufficient funds. At least 40% of the total funds must be with you. Remaining funds can be arranged from Bank, Nbfc, Equity. To access the exact requirements of funds, you must hire a proper project finance consultants, who will technically help you in accessing the quantum of funds. Various Subsidies and incentives are available from state and Central Govt. on different projects. This can reduce your cost of project a lot.
6. Check Competition/Marketing Strategy:- How much supplier/products of same nature available. Decide the market share you want to achieve. Finalize the sells strategies and area of target customers. Finalise the marketing plan. Market your business like a crazy. Also make sure strong web presence of the business/products through web site, social media web page etc.
7. Finalize the Trade Name, Trade mark, IPP etc.:- Before finalization, check whether trade name, trademark, IPP, etc. are available or not.
8. Hire a good team:- Staff recruitments is a very important task for success of the business. Without efficient manpower no business can ever succeed.
9. Use of Technology:- Without use of technology no one can think of success. Selection of suitable technology for office equipment etc is must for smooth running of business.
10. Hire good consultants:- All the issues of Production, Accounting, Various registration, Certifications, ROC matter, Taxation, Loans, subsidies, Govt Policies etc have great impact on successful running of your business. So selection of a good Project loan consultants, Govt subsidy consultants, Business set up consultants is must for

Getting an optimal mix of financing a project or business is a key challenge.

Financing a business typically composed of two components: Debt and Equity.

To maximize the value of the business, we should try to find a finance mix that minimizes both the cost of capital and risk of bankruptcy.

The rate of Interest on finance, cost of availing finance, repayment period, obligations of financing body like various terms and conditions of compliances have huge impact on business operations and profitability.

Under financing, over financing, In time financing also very important for business success.

An efficient project loan consultant can help you in assessing all above matters related to finance mix and selecting a financial institute that is most suitable for your requirements.

Small, Medium and large enterprises are the backbone of any economy and are an engine of economic growth, promoting equitable development for all.

Therefore, to promote and develop such Industries, State Govt. and Central Govt facilitates promotion and development of enterprises through many incentives, schemes and subsidies.

These benefits are provided in the form of Capital Subsidy, Interest Subsidy, Tax refunds, Tax holidays, Venture Capital Assistance, Equity Assistance, Subsidy of market promotion and development scheme, Quality assurance techniques expenses subsidy, Security free loans scheme, Technology up gradation subsidy scheme, Sector/area specific subsidy schemes, Product specific subsidy schemes, Export promotion subsidy scheme.

But due to lack of knowledge many Industries and entrepreneurs could not take the benefits of this scheme of subsidies and incentives.

So identification and appointment of an efficient subsidy consultant is must for timely applying, following up, sanctioning and releasing of subsidy or getting the incentives.

Startup India is a flagship initiative of the Government of India, intended to build a strong ecosystem that is conducive for the growth of startup businesses, to drive sustainable economic growth and generate large scale employment opportunities in the country.

There are many facilities, benefits, incentives, tax holydays, exemptions etc are provided by Govt of India to the new age entrepreneurs who get registered under this scheme.

To understand the procedures, to comply with the terms and to make constant follow up with the authorities is never easy for the new age entrepreneurs, who are already engaged at fullest in the core issues of business development, products/services delivery and their quality matters etc.

In order to assist entrepreneurs in the noncore issues of various formalities, registrations, follow ups etc., one should appoint a proper, efficient consultant, who can take care of this issues. In many cases, startups business do best with their new product development, market development etc, but do not get proper estimates or projections of their funding needs, exact profitability, project payback period, return on capital employed, and other financial parameters, taxation impact which are of vital importance for success of a business idea in short and long term and also must for getting funding from FI and/or Investors.

A start up Consultant can assist startups businesses, at seed, development, growth or expansion stage in getting funds from private/angel investors, venture capitalist, Govt organizations etc.

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