START-UP COUNSELING

Start Your Business In Most Hassle Free Way- Get MRK Edge

Getting the right advice at the right time is absolutely vital to business success. Starting a business involves consideration of various factors such as type of business entity to be set up, how and where to set up, registrations & approvals required, post-set-up activities to be undertaken and such other factors. Since it is an important step and therefore it is necessary to plan and execute it rightly.

Take “Start-Up Counseling” Service of MRK Group – MRK Group has business start-up experts,  who will add synergy and growth to your business.  

FAQ on “Start-Up Counseling” Service

Salient features of Start-Up Counseling ?

A Start-up Counseling service would involve active discussion with the Entrepreneur on following topics:

• Business description ( objectives of entrepreneurs)
• Nature of business (manufacturing, retailing and service)
• Nature of business entity ( private or public company, LLP, General Partnerships, Sole Proprietorships)
• Financial projections (capital needs, sources and cost of funding)

What are the general questions that arises before starting a business?

• Do I have the potential to handle the problems and risks involved in starting a new business?
• What are the various government compliances that I will face?
• How can I develop my product or service that can establish in the market successfully?
• How much money will it take to start the business?
• How will I raise the required funds?
• Will future profitability justify the investment and risk?

Which form of organization will be suitable for me if I am a startup?

Since your business is at its initial stage, the form of business should be easy to manage and at the same time is attractive from the investors point of view for providing necessary funds. Keeping in view the same, private limited company will be advisable.

What are the steps to be taken before starting a business?

• Develop an idea and a business plan – There should be a written plan to develop business strategies and financial projections. Set your business plan in such a manner that investors consider your new business worth for investment.
• Do your market research – The first essential step is to research your potential market. Verify the value of your product or service in the market. Who needs your product? Is there space for your product or service in the market? Your idea should be something which can be easily accepted in the market.
• Financial Projections – Research the costs associated with your business. Ascertain the funds required and the source of funding. Financial projections helps to determine whether the proposed venture will be financially feasible or not.
• Get business assistance – Counseling services play a very important role here. From preparing a business plan  to expanding or relocating a business, experts also help in drafting contracts and determining the right business structure and most importantly they help with tax planning.
• Choose a business location – The ideal location for your business depends on a number of factors like nature of business, types of customers targeted, competitors strength, rules and regulations to be complied with in that location etc.
• Decide on a business name and get all the necessary licences and permits – Business name should be such that it is not misinterpreted by the readers.Along with a business license, you may need to get additional licenses depending on the type of business and local laws. Research all licenses applicable in your country and your state along with the zoning laws before you open a business.
• Develop Your Systems – After your idea to float a business have been organized and presented properly, you must develop effective and efficient systems to facilitate future growth and development.

What does our “Startup Counseling Service” includes/ Why to avail our “Startup Counseling Service”?

We provide confidential business advises and real cost effective solutions. The specialists in our team are tempted to pass their knowledge and experience to those looking to start or improve their business. Our services includes:

• Assistance in preparation of business and strategic plans,
• Advice on financial structuring of businesses and capital requirements,
• Business planning and financial projections,
• Advice in financing,
• Preparation of financial statements as well.