i would like to start my own busines. Something innovative. can someone help. what should i consider. how much capital will be required.

Hi, Well you can start a venture in any field which appeals you the most. Go for the one in which you possess keen interest and passion. Talking about the expenditure, I would suggest you to keep investments as low as possible initially and later keep on adding with time. Well I may also suggest you with the following:- *You must do your research thoroughly about what you are actually doing and if there is a demand for it. An easier way to analyse this is do something like a SWOT analysis. *Make sure you make a business plan that will tell you accurately how much things are going to cost and also your running costs. Also allow some for emergencies and unforseen circumstances. *Study your competition, both the ones that are not doing so well as well as the ones that are. Go there and dine to get a feeling of what makes them good or bad. Also watch how customers are taking to it and thier reactions. Are they regular? Do they seem comfortable eating and ordering the food. This competition analysis will tell you so much you will be surprised. *To be successful, give the customers not what you want rather what they want. Feel free to revert. In case it helps, close the thread by liking it or marking it as best. Good Luck.

2 Upvotes 2 Upvotes 0 Downvotes

• • Report Abuse
• Comment

it is a good decision if you want to become self employed. but starting your own business requires a lot of planning and investment. first decide what particular field you want to start business in. you will have to gather support from your parents, friends and well wishers. Try to speak to an expert who is already established in the said business. business means lot of risk, liabilities and patience. I wish you a gr8 new year 2012 ahead !!!!!

1 Upvote 1 Upvote 0 Downvotes

• • Report Abuse
• Comment

u should enter into education line .like school.should open a school with low investement.where are u from.for a school.investment of 10 lacs is also enough, depends upon region to region.

0 Upvotes 0 Upvotes 0 Downvotes

• • Report Abuse
• Comment

I will suggest that you contact the regional enterpreneurship development government agencies and understand the prospects and preferred openings. Then you have to set your preference, the type of unit or enterprise you wish to finally start with. get a proper market survey done by experienced agency, engage consultant for project feasibility and then decide about the start. Best wishes.

0 Upvotes 0 Upvotes 0 Downvotes

• • Report Abuse
• Comment