how to start new business?

Opening a business is easy but maintaining it is hard. Be unique.Have an edge with your competitors. And most of all, take care of you customers because they are the life and blood of the business.

If u want to start business, u need to have enough cash flow in your hands. Starting businesses is never easy in the first place because u need lots of planning and sourcing. Sourcing for cheap supplies is a good way of saving money due to low overheads. Low overheads also includes, rent, salary of your staffs, bills, and stocks. If u can keep them low, yet sure of quality standards and also good attitude from your employees, saving money won't be a problem to u. ONly problem is that, it's not going to be easy.

If you are starting a business to save money then I think you are going about the wrong way. You should first have a business plan, one that projects at least two years of profit and losses. Know how much working capital you will need to run your business for at least a year, that would be rent, utilities, and other operating costs if you are going to hire employees. You should also look at insurance and how much you will need if something happens. Do not skimp on the important things that help your business thrive. Good luck.

hello shuklaankit! before embarking on a new business, you must first conduct a study if your chosen business is viable given your planned location, target customers and planned capital. you must study all aspect of your chosen business from capital, to inventory, to monthly overhead costs, taxes and all the necessary papers so that you will go through it without further fuss. starting a business without preparing for it is like jumping off a river without testing the water first. if you will not gear up for this, then you will have difficulty on how to save money from your business. you see, you have to estimate how would you cost your product or services, to cover all your cost and expenses. from that you will have some inkling how much money you can set aside for savings, miscellaneous and for maintenance and all that. you can save money if you don't indulge in purchasing those things which are unnecessary in the running of your business, those which you can do without. and if you're not making a profit from your business, then definitely, you won't be able to save any money at all.