Startup in India | Startup Ideas &Advantages of the startup?
STARTUP IN INDIA
Startup in India | Startup Ideas &Advantages of the startup? By-Electric Vehicle Info
A startup is a business in which a person or a group builds an organization to explore its field with proper planning and innovation. A Startup is initially financed by its owner.
In India, The government has taken an initiative to increase employment in our country. Business is the best source of generating employment. Our country’s population is around 136 crore and the unemployment rate is 37.7% approx. so, the startup scheme is the best way to make a career and create employment for others. The main keys to begin the startup plan are given below.
Generating idea: The first step is, to begin with, the thought of which kind of startup plan you want to start or in which field you want to grow.
Exploration of fields: Before starting a business exploring a different field is a must by searching its demand and how your product is needed by the public.
Making alternative plans: By making alternative plans for an idea of the startup. If plan A fails then the person will execute plan B.
Searching schemes: Many schemes announced to start their own business.
Execution of plan: After all the research then you will execute the plan practically to start a business.
Advantages of the startup?
Tax exemption
Be your own boss
Generation of employment
Positive impact on Indian economy
Better opportunity for a young generation
These are the benefits of the startup in India and the details are given below:
Tax exemption: Startups will be exempted from income tax for 3 years provided they get a certification from Inter-Ministerial Board (IMB).
Be your own boss: The Startup plan gives chance to be your own boss. The Owner decides on their own and also gives chance to explore their interest by starting their own well-planned business.
Generation of employment: By establishing a startup owner becomes an employment generator as they have to hire persons who work under them and it gives chances to the peoples who were unable to find jobs.
Positive impact on the Indian economy: As more employment will generate the contribution to the economy will also increase and it will result in a positive impact on the economy.
Better opportunity for the young generation: Our young generation is not limited by the only options of doctors and engineering now the time has changed and the gate of numerous fields were open. The startup plan gives more opportunities to many peoples to explore more for their careers.
Top 5 most successful startups in India:-
Wow! Momo so: Founded in 2008 in west Bengal. This is a food chain ever fast in India.
Ola cabs: If you need a minicab in India be sure to try ola cabs. It was founded in 2010 in Bengaluru.
Zomato: This is one of the most well-known startups. It was founded in 2008 in Gurugram.
Paytm: This startup is a payment service that allows people to pay funds to each other. It was founded in 2010 in Noida.
Vedantu: This online platform gives chance to the students for attending online classes and test preparations live from the best teachers in India. It was founded in 2011.
Top startup ideas:-
Cooking
Social media marketing
Online teaching
Online fashion boutique
Blogger
Yoga instructor
Conclusion:-
Peoples who want to make a career in the field of a startup be sure that they should have a great level of patience because good things take time and business is all about risk. Make a proper plan and also require deep thinking before taking a single step. Study the market deeply and take decisions. So decide which field is better for you a startup plan or are you suitable for a 9 to 5 job.
By the end of this conclusion, the startup plan may change your life you can be a future employment generator. Be the businessman who wins all the trust of the public. Doing a business with business ethics will wins the heart of the public.
A Startup is not everyone’s cup of tea just wait and have patience.
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