Therefore, small businesses that provide services do not have to collect service tax from customers, giving an edge over established businesses. You can also find numerous clients for starting a service business on platforms like Elance and Freelancer. Further, the Government of India provides an exemption on Service Tax applicability until a business reaches an annual turnover of Rs.10 lakhs. Here are also some great Home Based Business Ideas. Businesses such as Digital Marketing Agency, Medical Transcription, Web Development, Tutoring, etc., require very little investment or infrastructure to start. Starting a business that provides services oftentimes requires very little investment and can be scaled up easily. The story of Siddharth, a young entrepreneur is a good example of a success story built on eCommerce portals:
Further, as aspects relating to marketing, technology and logistics are taken care of by the eCommerce platform, you can easily start generating revenue. Becoming a seller on an established eCommerce portal like Flipkart or Snapdeal or Amazon provides easy access to potential customers.
The articles on “ How to become a seller on Flipkart” and “ How to become a seller on Snapdeal” provide detailed information for becoming a seller on an established eCommerce platform. Once the business is registered, becoming a seller on Flipkart or Snapdeal is easy. Further, with EMI option available from for LLP Registration, a business can be started in India at just Rs.715 per month with a 12 month EMI plan.
LLP (Limited Liability Partnership) registration is the low-cost business registration at just Rs.8000. Incorporation of a business entity would facilitate the opening of bank account for the business, obtaining tax registrations and invoicing clients. The first step in starting any business is to incorporate a new business entity. Therefore, if you are an entrepreneur with a limited budget, you can follow the following steps to start a business. For instance, Infosys started in 1981 with an investment of $250 (Rs.15000) is now an $8.64 billion (Rs.54000 crores) global company. However, the investment in the business has nothing to do with the success of the business or potential size of the business.
The amount of investment required to start a business would differ based on the business model and the business plan. Starting a new business requires a certain amount of capital. Learn » Business Startup » How to Start a Business with No Money How to Start a Business with No Money