How do I start a new business in Surat, India?

How do I start a new business in Surat, India

August 26, 2019

How do I start a new business in Surat, India?

Aug 26, 2019Inspiration, Startup Entrepreneur

Surat is a city, specifically known for entrepreneurs. Hence, question How do I start a new business in Surat, India? should be like How environment in Surat changing tradition business to innovation driven business.

Surat is a city in the Indian state of Gujarat. It used to be a large seaport and is now a centre for diamond cutting and polishing. It is the eighth-largest city and ninth largest urban agglomeration in India. It is the administrative capital of the Surat district. The city is located 284 kilometres south of the state capital, Gandhinagar; 265 kilometres south of Ahmedabad; and 289 kilometres north of Mumbai. The city centre is located on the Tapti River, close to the Arabian Sea.

Surat is the world’s fastest-growing city.

Textile, Food and Gem & Jewellery are a key industry of surat.

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Microsoft CityNext initiative has tied up with IT services majors Tata Consultancy Services and Wipro to leverage technology for sustainable growth of cities in India. The first smart IT city in India is being constituted by the Microsoft CityNext Initiative in Surat, Gujarat. Surat is also playing a key role and contribution in the IT Sector.

Transportation has dramatically improved over the past decade, makes Surat’s connectivity with the rest of India. While road infrastructure is outstanding, Surat needs to do more work on the standardisation of its airport.

The Surat Municipal Corporation (SMC) ranked 7th out of 21 Cities for best administrative practices in India. SMC now offers key services online on its website makes a life of entrepreneurs and citizen easy. SMC has won many awards and recognition including for the smart city. You can find more here.

Entrepreneurship is in the blood of Surtis. Business is a tradition in Gujarat. However, Innovative business idea is newly emerged concepts in both Gujarat and Surat. Surat does not have adequate technical and training resources for the entrepreneurs such as incubation, acceleration and boot camps. Universities and institutions mostly focus on MBAs, BBAs, Law and few other tradition programs, but lack innovative coursework.

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However, due to globalisation and startup-friendly government with International scope, an entrepreneur in surat should look beyond the traditional industry and jump into an innovative business and services. Surat offers many resources and environment for any one wishes to start their own business. Business can be started from home, online or offline. Raising a Fund for the right business for skilled entrepreneur was never easy like it is today. 

An innovative business either solve the problem (pain) of a Consumer or gain them some benefits.

For Example; Zomato solves the problem of the consumer by the way of eliminating travelling hassles, instead, they deliver consumer whatever they want to eat. They also offer review and discounts.

On the other hand, Flipkart and Amazon types of the company provide a solution and gain by the way of saving their money compare to local stores on selected products, and deliver them at home, and offer debit card-based EMI, COD and other options.

To start a business in surat, proceedings are simple, quick and easy.

It is advisable to form a private limited company, to take advantage of the Startup India scheme. You can avail tax exemption, special status and loans. Read More here.

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India is going to be the next manufacturing hub in future and Make in India scheme also promote manufacturing in India. It could be said that opportunities are immense in the manufacturing sector too.

An entrepreneur should be a lean start-up that means you should start with a minimum viable product and then gradually scale up the business.

Business Plan is a key document that will lay down a success path for your business. Hire the best mentor, who can help you make a business plan.

A business plan is a formal statement of business goals, reasons they are attainable, and plans for reaching them. It may also contain background information about the organization or team attempting to reach those goals. – Wikipedia

Your co-founder team is important, and you should be professional to make a selection about your Co-founder and team member. Your startup base should be solid enough to protect your business against political, economical and technical storms.

Form business policies, design website that is also mobile optimized and easily accessible by Target market.

Focus on SEO and Digital Marketing is essential to tap opportunities. You should develop a research technique to expand your market, raise funds and increase revenue souces.

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Each business ideas has its own unique steps and growth story.

In a nutshell,

1. You Find business Idea.

2. Validate Business Idea. (Research and Discuss with potential Consumer.)

3. Start From Small. (See Feasibility.)

4. Register Business. (Sole Proprietor, Partnership, LLP, Pvt Ltd, OPC etc.)

5. Apply for Shop and Established Certificate (SMC Online)

6. Complete IPR Formalities if any.

7. Make a Website, Email and Social Media Page, Website Policy.

8. Offer Multiple ways to your customer to reach you including Facebook messengers and WhatsApp.

9. Be Consumer-Focused, Service Driven Company.

10. If you grow well, Raise Capital. (We advise to approach family, friend or Mudra Loan up to 10 Lakhs)

11. Use Money most for Marketing, Sales Related Operation in the beginning in a Surat like the city.

12. Maintain Account.

13. You may require EPF and other registration to depends on your product or business structure.

This article was originally posted on the Quora.com, on a request of users, later it has been published on this blog.

We run an NGO in surat; https://startupentrepreneur.in/ that help entrepreneur and startups to start, run and grow their business with success Guarantee. This is a cause drive program of https://www.jivanamasteya.org. We also assist to raise seed capital fund up to ₹33,88,800.

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Program For Startup and Entrepreneur in Surat and All Over the India;

(1) StartUp Entrepreneur Guarantee Program (SEGP)

(2) Startup Entrepreneur Incubation and Acceleration Program – StartUp Entrepreneur (SEIAP)

This is the world’s only guaranteed program run by an Indian NGO and it assists Startup one to one basis.

You can also contact me in the comment section, Direct Message if you have any questions or query.

“Startup Entrepreneur” is a project/initiative of a JivanamAsteya – Center for International Peace and Conflict Studies which is an NGO/NPO Registered Under The Bombay Public Trust Act 1950, Registration Number: E/7385/surat AND Registered under Section 12AA of The Income Tax Act, 1961, Government of India.

We are a Non-Governmental, Non-Political, Non for Profit Organization.

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By Karnav Shah

Karnav Shah is a Life Transformational Strategist, Serial Social Entrepreneur, Author and Founder of NGO: JivanamAsteya.org. Find More about him: https://bit.ly/2xJuZL6

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