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
The Commissionerate or Directorate of Industries is the nodal
agency operating in different states, which helps, guides and gives
advice to young and new entrepreneurs to start up an industrial unit in
the respective state. The agency acts as an interface between the
industry and the entrepreneur for industry inputs and enables him to get
various industry related permits, approvals and clearances from various
departments. The agency acts like a single-point, single window. It is
beneficial for new entrepreneurs to take help of directorate of
industries for setting up a business.
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