mayur Chokshi & Co.

C H A R T E R E D   A C C O U  N T A N T S 

Business Start up in India

A business enterprise is an entity or an economic institution pursuing an economic activity. It is an entity engaged in the manufacturing and/or distribution of goods and services. The purpose of a business enterprise is also to earn profits and acquire wealth.

The term 'business' has a very wide scope involving a large number of activities that can broadly be classified into Industry and Commerce. While the term 'Industry' includes all activities related to the production of goods/services, the term 'Commerce' includes all activities related to the distribution of these goods and services.

Individuals or a group of enterprising individuals always seek opportunities to set up a profitable business and then building it into a successful concern. Starting a business needs careful planning in terms of choosing the product / service, resources required like workforce, materials, infrastructure, study of the market etc.

An individual or entrepreneur setting up a business has to consider the following for ensuring that he/she faces no problem while setting up a business. They are:

  • Making a business plan
  • Choice of product / service
  • Infrastructural set up
  • Business Registration
  • Selection of form of organization
  • Selecting business location
  • Product pricing
  • Business regulatory requirements
  • Sourcing finance
  • Sourcing infrastructural set up


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