Business Types 

Which business ? Sky is the limit ! "Businesslink" has an interesting page on  sources for ideas which may help you identify your business . For example, if  you have a particular interest in becoming an Internet start-up, it may be useful to see the pages in the “businesslink” site related to Internet start-up .

Whatever type of business it is, you'll be faced with the decision about whether you should be starting up as a sole proprietor, partnership or limited company. There may be many factors for you to consider or the choice may be made for you. There are advantages and disadvantages associated with each of the three options, depending upon your circumstances and requirements. 

Some people may want to start enterprise which is not for their own profit .The resources in “businesslink’s” Social Enterprises topic area will show details on such business what their goals can be,how they can be structured, and so on.

Launching the Business

You now have a business plan,and  are ready to launch your business. Once you have decided upon your start date (day one of trading), you will need to inform the relevant public authorities for sales tax purposes. Be sure that all Health and Safety checks have been made and you have the appropriate certificates to prove this to your customers and suppliers.

Don't overlook the obvious such as getting a telephone service or utilities like electric, gas and water connected on time - and make sure your bank, accountant and solicitor are all lined up and ready to work with you.Most importantly, be sure that your customers and suppliers are lined up and ready to do business.

Finance and Money

Finance, how costly it is  and , is crucial for making profit &surviving . For some businesses, it may be better to seek share capital  funding rather than bank loans. Depending on your circumstances and geographic area, there may be special soft loans  or grants that are available and suitable for your business needs. Check the pages on Types of Finance for a general overview

When running your business,you need to know  the basics of accounting and bookkeeping ; you will also  need a good financial plan and sound financial management.  For the assistance of small units , these are schemes in india which  you can see in our section of  Finanace .

Types of Finance

Getting the right sort of finance is crucial to your business success. Businesses can be financed in a number of ways, including venture capital, loans, overdrafts, grants or, more likely, a combination of these. You need to understand  which source  may be suitable for your needs. A good place to start is by reading the  guide " What finance is right for my business? " in "BusinessLink".

Grants

Grants are generally given by socially committed agencies or government for specific activities. Whether or not you may qualify for a grant depends on a number of factors, including the kind of business you have, whether it will create jobs, which section of society it caters to, where it is located and what you need the money for.

You should bear in mind that a grant may not be the most appropriate form of finance for your business needs and that there are often costs involved in complying with the conditions of the grant. But grants can be preferable to other forms of finance since there is no interest or dividend to be paid and they do not have to be repaid so long as the terms of the grant are met.

Grants are made available to businesses by central and provincial Government, UN agencies, multilateral agencies, religious charities and certain other bodies.