Business - First Step

This is a Second post among the series of blog posts I am composing about starting a new business.

After deciding on starting up a new business, the next steps to focus on are the business idea and the business setup. To begin with the business idea, some people are fortunate enough to stumble upon a great business opportunity or business idea, other however have to undergo a grueling process of constant vigilance and earnest observation for new ideas and market demands as well as potential customer needs. Another big seller would be a better and improvised representation of an already existing idea with enhanced aesthetics and operations.

Ease of Doing Business Country Wise Index - Wikipedia

As for the business setup, it is tied up with various pertinent formalities with regards to regional areas. Different countries have different set of rules regarding setting up a new business and its day-to-day ease of running.

This link points to an article on wikipedia which ranks all the countries in the world according to starting a new business and running it with ease. According to the list in 2012, it is the easiest to setup and start a business in Singapore followed by Hong Kong and the most difficult country in the world is Chad. Wall Street Journal also published an article in 2010 which represented various facts and figures about business setup in different countries. These factors need to be carefully weighed in before taking a decision in which country to start a company.

Start of a Business

Starting with this post, I will be posting a series of blogposts in which I will share my experience in setting up a new business and running it along with the issues I have faced in its wake.

I had been thinking of starting my own business for a very long time. I have had a consistent full-time job for more than 6 years now and have been working in and out for 8 years but to have my own business has always been at the back of my mind.

I have numerous instances where people quit everything in order to peruse their dream of being self employed. Some of them stop short of success in their ventures and I believe that it is because they give up too early.

I also know of many inspiring people who have been able to fulfill their dream of owning their own businesses as well as successfully sustaining them.

There will always be people who are risk averse and are reluctant in giving a thumbs-up in starting a new venture because of all the extranalities involved. Despite all of this, I recently launched a new startup and have yet to see how it progresses further, but let me assure you, all the efforts, the hard work, the feeling of owning your very own enterprise, there is nothing like it.