what is startup
Startup means a new company. Usually the person starting it invests in it as well as operates the company. Startup company launches such products or services, which are not available in the market. When your products or services bring change or ease in the lives of people, then your start-up starts touching the heights, like- Snapdeal, Ola Cabs, Paytm, Flipkart, Oyo Rooms etc.
If you want to start a startup then do this work first
In today's time, there is a lot of enthusiasm among the youth about their own business, due to which they are getting more attracted towards self-employment. If you also want to start a startup, then you can take care of some things like-
To start any business, first of all a unique and innovative idea is needed.
- Planning is necessary to make business successful, make a business plan so that you can prepare a roadmap for the coming time and work accordingly.
- Before starting any business, do market research so that you know what is going on in the market.
- While starting the business, choose the name of your startup and if you want to make your business name a big brand in future, then think of the name short and simple.
- Prepare a business model, decide how your business will work, what service you have to provide, how much people will get benefit from your business, etc.
- To start any business it is necessary to register.
Benefits of working in a startup
There are many different benefits of working in a startup like-
There's a lot to be learned.
Here the employees work without any supervision, they take smart decisions in it and are ready for the results, which gives them motivation to move forward.
Unique or new experience is obtained.
In this, you get an opportunity to show your talent and you also get incentives if you like your idea.
While working here, other facilities like discotes and free services to the employees, facility to work from home, good environment etc.
Disadvantages of working in a startup
Lack of social life.
Startup companies do not give much salary in the initial time, they emphasize more on other things, but if you have good growth, you can get good income.
Startup founders have very good ideas from which they accumulate basic money but there is a lack of an experienced leader.
Startup India Scheme
Startup India is a scheme brought by the government to promote industries and business. In this, they are given loans at reasonable prices so that they can grow and get success.
Tax or tax exemption in Startup India
Businesses in startups will be given complete exemption from income tax for the first three years.
Benefits of Startup India Scheme
Joining the Startup India scheme is a very easy process, you can join the scheme by online registration.
In this scheme, all the important information related to business is given to the entrepreneur.
Under the Startup Scheme, companies registered after 1st April 2016 are exempted from tax after taking 3 years.
The Government of India will start programs related to startup in schools so that more and more children can know about this scheme.
Eligibility for Startup India Scheme
A company older than 5 years will not be added to the Startup India scheme.
The annual turnover of the company covered under the scheme should not exceed 25 crores.
Private company or partnership firm or LLP will come under Startup India scheme.
The startup is making more use of innovations and techniques in the company.
The business model of a startup company should be employment-promoting.
How to apply for Startup India Scheme
To join the Startup India scheme, candidates can apply by visiting the official website of this scheme.
Carefully read all the information given in it and fill the form.
Other collaborations to start a startup
To start startups, the government has run many schemes, in which new entrepreneurial entrepreneurs are being encouraged and loans are also being provided.
