List of things needed to create a startup in India in IT products / services area – Part 2

Many students in management and other advanced courses struggle with details on how to start their entrepreneurial journey. Questions around cost, process, steps, office, digital / software items needed, etc. keep them confused and away from taking the first step. In that series, I had posted a blog / article in the past: https://www.linkedin.com/pulse/how-build-lean-startup-tier-2-3-cities-india-part-1-neil-harwani/

Further to above, find below a detailed list for what is needed for a mid sized company / startup of 20 to 100 employees to start working:

1. Professional email & website
2. Target market, target customer, target offerings, target geography, target method of sales details among other things
3. Details of idea & product / services, pitch and marketing information decks
4. Udyog Aadhaar registration
5. PAN, TAN & GST registration depending on your business size
6. Lawyer and CA for company formation, tax filing and yearly audit certification
7. Startup registration with Government of India
8. Bank account to disburse salary and maintain operations
9. EPF registration in specific cases
10. Medical, life & travel insurance subscription depending on need and compliance
11. Online storage from Google, Microsoft OR Apple
12. Software for accounting, managing docs, intranet, etc.
13. Membership of meetups, incubators, etc. that help startups
14. LinkedIn premium, good smartphone, Facebook / Twitter / LinkedIn pages
15. Desktops & laptops which could be on Ubuntu Linux or Windows or Mac
16. Co-Founders and focus / advisory groups, mentors
17. Trademark filing and intellectual property rights management
18. Funding clarity: boot strapped or funded or mixed
19. List of angel investors, incubators, venture capitalists, government agencies, banks, crowd funding platforms who could fund the business
20. Operating space: Digital or physical or mixed location business
21. Network of related entrepreneurs & customers who could potentially support your journey
22. Sample contracts for employees, contractors, consultants, customers, vendors, suppliers, sales, etc.
23. Templates for internal documents
24. Leave management, employee management portal & cyber security software
25. Target quality and other certifications like ISO / CMMI, etc.
26. Admin, HR & Finance staff

Hope this helps the students community in understanding what to expect in terms of starting the journey of business.

Email me: neil@TechAndTrain.com