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As a startup if you want to start a business, what are the main and important items which you consider first?

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Question added by sardar mardookhy , Head of portfolio management department , MCI
Date Posted: 2015/08/04
Muhammad Sherif
by Muhammad Sherif , Founder, Managing Director & Sr. Lead Business Consultant , New Directions Consulting, Training & Services

1- feasibility study

2- market researches

3- location and layout

4- manpower needed

5- CAPEX and OPEX (for industrial business)

6- cash availability

7- funds needed for startup

8- machines and equipments

Mohammed Asim Nehal
by Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants

Start up itself is a difficult task  and one should pay attention towards followings:

1) Project Report.

2) Feasibility report

3) Market report

4) If your unit is manufacturing unit then you need to ensure whether all the legal, local formalities are done with. And you have all the necessary licences to commence production activities.

5. Human and capital resource matter.

6. List of suppliers and customers

7 Financing partners - Bank , Financial institutions, Friends and relatives etc.

8. Fund requirement plan.

9. Payment plan for suppliers of Fixed assets, Goods and services etc...

10. Last but not the least a proper marketing plan to penetrate the market.

Prasanth Mambatta
by Prasanth Mambatta , Senior Associate , Cognizant - India

Number of employees, infra requirements like computers and vnets. network connectivity,servers for AD,dns,dhcp etc to run the internet and manage access for users.

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