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Started by : Ruchi Chawla, Associate/Sr. Associate -(Technical), Cisco Systems   07 20 2010 11:13:59 +0000
Industry : InternetFunctional Area : Getting Started(Entrepreneurship)
Activity:  151 views;  last activity : 03 17 2012 08:02:49 +0000

More of us than ever are becoming our own bosses and there are certain things that you should know before you start a business online. Many of us dream of jobs that revolve around our home and hobbies. If you can turn your passion into a job you could use your talent to start a business online.

So, what are the things one need to know??

 
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1 Put everything into pen & paper
2 Don't expect overnight success
3 Your Product and the Market!!
4 Full and Independent Research
5 study feasibility of business in details
6 Deatiled project report study & individual market value
7 company capability and customer requirement associated with Qulaity ,Quantity & least time reqire to provide that thing
8 Your Target Odience
9 Experience to know about hurdels
10 Get Ecommerce processes right
11 Online Marketing is important but you can't ingore traditional media
12 Build a strong concept
13 Customer replaces your boss.
14 Master Cash flows and financial management
15 "Good Friend Circle "
16 Dream
17 BE INNOVATIVE
18 keep patientand keen sight
19 For Business one have to be patience
20 Optimal Marketing Strategy along with Proper Fund Flow Maintenance

Put everything into pen & paper

idea posted by Ruchi Chawla Associate/Sr. Associate -(Technical), Cisco Systems

Do things by the book even with friends. If you are going into a business with a friend put a partnership agreement into place. Consult an attorney who handles corporate law to draw it up on your own terms, so think about how you want the business to be shared including any property and what will happen if one of you falls ill.

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by Mayuri Arvind Jadhav, B.Tech/B.E. student, Watumull Inst.Of Elec.Engg.&Comp.Tech.  | 07 24 2010 18:32:09 +0000

you are right ruchi

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by NATTERAJA R. ARIKRISHNAN, GM-Projects, Bentec Electricals & Electronics Pvt. Ltd  | 07 22 2010 16:07:19 +0000

I accept with your opinion Ms.Ruchi Chawla.

 

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by puneet , Manager Admin  | 07 21 2010 16:59:03 +0000

right

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Don't expect overnight success

idea posted by Nisha Associate/Sr. Associate -(Technical), IBM

Don't expect overnight success. Statistics show that fifty percent of businesses fail within the first two years. This happens often because people aren't realistic.

Although the start up may not cost much, try to put savings of up to six months to tide you over before you begin.

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by Gaurav Sadawarte, Founder and CEO, iProficient SEO  | 08 29 2011 10:43:35 +0000

I certainly agree with @Nisha, since first 12 months are hard to cope ... you need to establish yourself in market place and along with that.. you need to handle all paper work and study project management. once you are through all this, future ahead you is sweet..

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by puneet , Manager Admin  | 07 21 2010 16:58:39 +0000

right

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Your Product and the Market!!

idea posted by Satwinder Singh Program Manager, Confidential

Till the time you know: what product to be launched?,  at what time? and which market to focus upon?... And why your product is different from existing ones?... You must know all the answers before starting a Business..!

Also take advise from independent Entrepreneurs for a better planning..!

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by Pankaj Jain, Project Manager, HCL Technologies Ltd. (BPO Division)  | 08 04 2010 12:42:26 +0000

I think this is a wonderful idea, before we actually do project planning! Good Satwinder 

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Full and Independent Research

idea posted by Simon Hamer CEO/MD/Director, Affiliates Get Seen Here Ltd

Many times it saves a huge waste of time and money.

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by sanjay dey, Tax & accounting , Consultatnt  | 03 17 2012 08:02:49 +0000

sure! but it is time consuming

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study feasibility of business in details

idea posted by KHAIRATI LAL ARYA Freelancer, Management & Strategy Consulting

we may be missing some important options so study of feasibility report is essential.

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by Diwakar Tiwari, Chief Manager, THE Arvind LTD  | 07 21 2010 08:49:07 +0000

As per me study must.

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Deatiled project report study & individual market value

idea posted by Rahul srivastava Area Business Representative, Premium Transmission Ltd

1- first of all i  want to see detailed project report

2- techncal feaisbility of product

3-manufacturing resources

4-best quality parmeters for particular product

5-QAP & Controll plan for manufacturing

6-what is competitors specialty & how much market they have cover

7-market response Quality & weakness of  current existing product

8-effective dealers in market & their market shair & market value

9-what make to break the competitors Market

10-our refinement capacity to make the world class product for deal not only in India but out of India

11- whats makes more profitable

12- how to make brand value of product

13-at present your market value means when you start business list of companies who always ready to support you 

rest  of discussion  will  be continue  really start  the business .........................................................................

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company capability and customer requirement associated with Qulaity ,Quantity & least time reqire to provide that thing

idea posted by Rahul srivastava Area Business Representative, Premium Transmission Ltd

first of company or person capacity  must be known

secondly  competitors unique sailing prepositions

then which thing makes you perfect & unique your quality , quantity  , least dispatch time

price & value of your work in market

losts of things  must take it on paper

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Your Target Odience

idea posted by Ritu Arora Asst. General Manager, Business Development & Marketing
Firstly you should be aware of your target odience.
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Experience to know about hurdels

idea posted by swamit Asst. Sales Manager, Dimensionie
In any business there may be many complications and solutions. with every solution there may be some new problems.
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Get Ecommerce processes right

idea posted by Ram Kumar iiutigg

1) Ensure fulfillment will be happening in effective way

2) Payment methods have been selected as per the target segment and industry standard. Even online payment can be made.

3) Return merchandise Authorisation and related processes is working effectively

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Online Marketing is important but you can't ingore traditional media

idea posted by Jaspal Singh Deputy Manager, Delhi Integrated Multi-Modal Transit System Limited

Most of the people think that the person can sell online business through online marketing only. However, Traditional media channels are equally important and should be use appropriately.

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Build a strong concept

idea posted by Avnish Verma Freelancer, Technology Consulting

Concept is packaging of your product. If theme / concept is good there are good chances of success

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Customer replaces your boss.

idea posted by Tanmay Gaur Freelance Software Developer

If you have been in job before, business online is providing the same old thing from your bed room. You save commuting and lot of office politics. You may have fooled your boss but the customers cannot be fooled around. Your services and products are put to test. They are in direct equation with the money you charge. You may have done it while in job but here you will get only your worth. Everything else is absolute joy.

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Master Cash flows and financial management

idea posted by Mitul GM-Global Marketing, Praxis Softek solutions

Once you leave your job and get into business, you need to understand the nuances of Cash Flow and thats where most of the ideas fail/dreams get shattered.

You need to have a tab on whats coming in and whats going out at an organization level and manage all your growth plans accordingly

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"Good Friend Circle "

idea posted by Deepak M.Sc student, Ocean Net Technologies
If u have good friend circle,join all social networking sites,add make new friend circle page on website,concern to all job provide websites and also concern to job consultant,contact to news and local cable channels for more advertisement.I think these things increase ure business day by day
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idea posted by ramilo caluag sup enginneer, suncellular

dreaming is a  free thing.everyone has a dream, and in that dream lies the future of one person.if people will pursue their dreams, and put it into action, dreams will become a reality

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BE INNOVATIVE

idea posted by HEMANT VERMA Marketing and Branding, NAVNEET PUBLICATION INDIA LTD.
BE A TREND SETTER NO TREND FOLLOWER
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keep patientand keen sight

idea posted by Dr.Narendra Bahadur Singh Sr REPORTER, TRIGUT HINDI DANIK NEWS PAPER

before starting any bussiness we have the most importent to concentrate ourself to our goal and never make haste.watching the things keenly

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For Business one have to be patience

idea posted by Nadeem Lone MCA student, IGNOU

Business never become successful in a year or two.

It takes a life to set the high business.

So in my opinion one generation set the business and other get the 

fruits of that 

The person who sets the business can hardly gets the luxury life

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Optimal Marketing Strategy along with Proper Fund Flow Maintenance

idea posted by Tejaswi Gupta Apprentice/Intern, NewRiver Software Services Pvt. Ltd.

A good marketing strategy is required to educate people about your online presence in an effective way along with a firm grip over the fund flows in and out of the business.

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