Welcome to 123-start-business.com! Here, you will find almost all the necessary pointers that you need for…   

• Setting up a small business in India,

• Training and re-Training for growth

• Marketing and Finance

• Policies

• Regulations, and so on.   

While there is never enough information on a single site, nor on this website, we open vistas to excellent sources. Take your pick and find the path to growth. If you need to tell us more, either your own needs or bouquets or brickbats, please contact us.  

Artisans, who have talent in their hands, as well as some vision, can start their unit by availing of the Composite Loan scheme, where they want not contribute any of their own assets.   Other entrepreneurs need to contribute 25 to 30% of the project cost as their own contribution (that is, Equity capital). The rest can be got as a Loan from a financial institution or bank. The Loan would have two components. Term Loan for creating fixed assets, and Working capital to run the business. These have to be returned over a period of a few years.  The Loans generally require a Collateral. However, there is the Credit Guarantee scheme which is Collateral-free. Assistance under Technology Up gradation scheme is also one, which can be of much benefit. The unit may be owned either by one Proprietor, or a Partnership, or a Cooperative of some members, or a limited company.Where to Locate

An industry can be started by the entrepreneur at either his own place / own shed, or rented place / rented shed. It can also be located at an industrial estate.

The Product:

A completely new product is rare for an SSI. An entrepreneur would usually begin with a product that a little other is already doing business with. To identify the right product, one has to keep looking till your right choice becomes clear to you, almost magically! For every product that you discover, it is essential to look at its possible market, its price, and competition. One can then try to find ways of catering the same product to a different bazaar, or offering it at a more competitive price-- these are often the pathways to a new business.
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