How can do Business in the Market ?
There are many type of business in the market.
Broadly business can be classified as following
First what idea come in your mind. See whether it is feasible in the market. Conduct a market research. If there is a market or demand of your product or service. If there is an opportunity to turn your idea into a successful business.
Write your business plan on a paper.
Fund management : How much you need to invest in your business.
Select a place of business: Business place should be unique where customer can be reach easily.
Prepare a business structure Like worker – supervisor- manager- owner etc
Determined number of employees need and their work classification
Select a unique business name
Legal requirement like Registration under GST, MCD licence, company registration etc
Arrangement of goods and services which has been delivery to customer
Manufacturing is a process through which a raw material convert in finished goods by using machine or human being or any other tools.
Use various mobile parts assemble it and make a new mobile.
Purchase various computer parts from market or produce and make a new computer, or laptop
Trading mean purchase some goods from market and sale it without any change in the products or quality
Mr. Kumar purchase 100 laptop at Rs 40000 per laptop and sale it at Rs 55000 per laptop.
Mr. X purchase 50 chairs from market at Rs.5000 per chair and sale it at Rs 7000 per chair
Service mean there is no purchase or sale but provide service to customer .
Chartered Accountant service regarding Tax
Car or bike service
Taxi service etc