Why it is the best time to start your own Business in India

As per the Global 'Ease of Doing Business' rankings, India has jumped to position 77 from last year's position of 100 (a significant jump of 23 points). This report was released by World Bank on Oct 31, 2018. If you have been thinking of starting up your business for a long time now, this is a perfect time to do so.

Starting Up-Ease of Doing Business in India

With easier grants of construction permits, ease in trading across borders, you can definitely take the plunge of starting up. Even the Government support in starting up has been like never before. Businesses can now get credit easily, the parameters have been relaxed, there have been major reforms taken up by the government which makes it a bit easier for someone to start a business. Enhancements in contract enforcement have also been done. Also, setting up basic infrastructure like getting electricity is now easier in terms of paper work involved.

But the question arises, from where to start?

There are two options:

1. Start a business in the field you excel, for e.g. in case you have amazing baking skills, you might just open up your own bakery. In case you don't have enough funds, you can start from your home. Use technology : Take orders online, use Whatsapp groups and gradually increase your user base. It's just about taking the plunge, because the orders are surely going to pick up through word of mouth in case you maintain and focus on providing an exceptional quality and customer service.

2. Learn something new and then start up in that field. For e.g. you can learn makeup course and start your own salon or become a freelance makeup artist. You can learn coding, and start your own app development company. You can learn Art forms and can even think of setting up your export house in those lines.

There are plenty such examples where it's easier to gain momentum when you have the required skill set and zeal to excel. In case you still aren't sure which course to select, we have compiled a list here of various courses. You can choose the institutes and check out their fees in your area and select the best course as per your interest.

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