Now everyone can think of setting up a business in today’s age. All it takes is a very strong imagination, sheer determination, thoughtful planning, great sourcing and timely execution to turn your brilliant idea into a million dollar business.
The various factors to be considered while formation of a startup are:
1) Determine the USP (Unique Selling Point) of the product or service to offer:
For a brand to be trusted among the masses, you need to be ahead of your competitors. Determining what sells in the market and offering your customers a unique feature that they would remember your brand for takes time. Avaiil helps you find that magical feature that customers yearn and competitors learn from.
2) Market research of competitors:
Deciding the location, where to start and when to invest how much is the key to entrepreneurial success. Being an industry leader in market research with more than a decade of experience, Avaiil helps you become a brand identity in the tight competition to secure a sector of the market share pie.
3) Writing a great project report:
Just like an architect’s model for their upcoming project, you will need a plan that is workable. A plan that takes care of every single details. A great project report consists of:
I) General information
About the name of company, size and type.
II) Executive summary
Vision and mission of the organization, assumptions and theories of risks and other factors are covered in executive summary.
III) Organizational summary
The bio data of proprietors with age, qualification and ownership of the company comes under organizational summary.
IV) Project description:
i. Inventory Resources: Qualitative attributes like material and compositions and quantitative attributes like area, fuel, dimensions, etc.
ii. People Resources: Qualitative attributes like skills and quantity of people.
iii. Technology: Selection of technology and deployment.
iv. Production process: Process flow, understanding of what, where and how of the production with costs and overhead.
v. Waste management: For optimizing the process, time and resource waste management needs to be considered.
V) Marketing plan:
Customer base, market base, nature of market, upcoming trends in the changing market, potential customer tapping need to be taken care in a great marketing plan.
VI) Costs and Financial aspects:
2. Cost operational cost
3. Working capital requirements
VII) Management Plan:
ERP (Enterprise Resource Personnel), defining the KRA (Key resource areas) and allottment.
With the timeline, there must be a scalability plan for the company to achieve the set goals of return of investment and profits.
4) Creation of business model:
We provide business consultation through our trusted partners who have years and years of experience in growing many businesses, planning return of investments. As per the business goal and business plan, at every point of time in operation of your business, you will need a different business model. Few of the models that are common are demand aggregator, cost optimizer, selling franchise, P2P exchange and much more. Avaiil helps you choose the right business model at the right time. It is well said “Strike an iron when it is hot”. At every stage of your business, you want the right steps and measures to upscale your profitability.
5) Setting up business rules and policies:
Business rules that are easy to follow and business policies that are grounds to the business strategies keep optimizing during the entire course of running the business. Creating a great structure to follow will keep things sorted always.
6) Filing paperwork for business registration and legalization:
Before you consider registering your startup, you must decide on the type of business structure you would like to choose such as business partnership, private limited or public limited company and limited liability company. If you want to bear the liability or not will let you decide the structure very easily.
We help you acquire crucial business registration documentation:
i. A Digital Signature Certificate(DSC)
ii. A Director Identification Number (DIN)
iii. Registration on the MCA Portal or New user registration
iv. Certificate of Incorporation.
Avaiil helps you get everything sorted before you actually begin your operations.
7) GST filing:
Monthly and annual return of GST (Goods and Service Tax) in India and return of inward and outward supply should be filed in time and Avaiil helps you with it effortlessly.
8) Launching business website:
Get known to the netizens across the globe with a global website. A website is a castle of a business. A great website nurtured with relevant content is the gateway to business scalability. Doing business over websites is called as e-commerce and doing business over social media channels is called as s-commerce. Avaiil is a master marketer helping you will e commerce and s commerce. Likewise, Avaiil has a dedicated team that does not sleep. So, if you have a project overseas, worry not, international websites are our forte. We can make you get global in a matter of moments.
9) Enterprise resource planning
Avaiil provides the technology, legal assistance for paperwork, for startup formation. Some ideas can be great, only if expressed well. At avail, all your start-up requirements are understood. Then the support is provided as per the need for startup formation.Avaiil give you the headstart you need with years of experience put together to your work.We at Avaiil enjoy supporting and grooming the startups that need assistance at every stage.
Pune is a start-up hub of budding entrepreneurs from across the globe. Entrepreneurs are choosing Pune for its the availability of investors, infrastructure, great connectivity and startup favoring culture.
The startup companies from all over the world are getting headquartered in Pune and taking a leap with Avaiil. Not just affordable co-working office spaces, but for everything your business needs or would need today, tomorrow and in future.
Avaiil is everywhere as it is partnered with compliant businesses and workspaces. The right mix of environment at Avaiil helps international startups strengthen their roots in their domains in Pune. In terms of affordability, flexibility, interior facilities, Avaiil in Pune has been proven to bring success to the startups from across the world. The filtering of a great USP for making a great business in the long run. With technical and non-technical facilities, there is an increasing trend for efficient youngsters and millennials to choose Avaiil in Pune for their startups for its profitability.
At Avaiil, we help you formthe right start-up in any domain you name. With the surge of technology, digitalizationand availability of resources on the internet, it has become easier than ever before establish a niche in software development in Pune being a startup.
Services or manufacturing: Logistics and automation have changed the paradigm to a new level in services and manufacturing industry. Any small project well optimized will catch up speed gradually but the market is stable in this industry.
Organic food supply:This generation is becoming increasingly health conscious with people choosing organic foods, exercise and healthy nutritional habits.A startup that provides organic foods online and sells organically planted food in ready to eat form is a win win for the industry.
Sustainable development: is the way to a better and safer future. Anything that harms the environment anymore will get a minus point from the market. In this situation making substitutes for plastics products can be a great start-up idea in 2019.
Artificial intelligence: From creating own chatbots to teaching robots human habits and behaviour is all about machine learning and artificial intelligence. Providing databases that have the relevant data and traits to feed artificial intelligence programs is a great business in 2019.
Software and data analytics: Everyone says data is the new oil and software is the best tool. Initiating a startup in this sector can be a great startup idea in 2019.
Energy efficiency: Every business needs to be efficient alongwith every household. Not only being energy efficient or green material user will work out, today we have a huge competition to generate renewable energy for free.