| Ideation |
|
Identify the Industry you want to cater |
 |
Research on the opportunities available in the particular industry |
|
Research on the regulations of establishing business in the particular country / region |
|
| Pre-feasibility Study |
|
Analyse the financial viability of conducting a feasibility study and the benefits of the same |
|
Analyse the growth potential of the business for which the feasibility study is proposed |
|
Conduct Market Research to analyse the industry and the worthiness of conducting a feasibility study |
|
| Feasibility Study |
|
Conduct Feasibility study on the following |
|
Market Viability |
|
Technical Viability |
|
Operational Viability |
|
Economis and Financial Viability |
|
Business Model |
|
Government, Legal and Industry regulations |
|
Exit Strategy |
|
Decide on whether to step in or not |
|
| Establishment |
|
Name your business |
|
Perform a trademark search |
|
Register a domain name |
|
Obtain a logo |
|
Determine business structure (sole proprietor, partnership, or corporation) |
|
Register the business with the registrar of companies |
|
Prepare business plan for the organization |
|
Source Finance for capital and revenue needs |
|
Setup an office with complete infrastructure for operating the business |
|
Establish HR team |
|
Recruit team for operating the business |
|
Procurement of Fixed and Current Assets for the organization |
|
Establishment of operating procedure across the organization |
|
Open the business to the market |
|
