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Chandu

Chandu Nair  |65 Answers  |Ask -

VC, Angel Investing, Entrepreneurship Expert - Answered on Jul 30, 2023

Chandu Nair advises entrepreneurs and enterprises about creating and building their business.
He has direct experience in angel, venture capital and strategic investor funding. Over the last three decades, he has made a name for himself in industry, consultancy, media and information services.
Nair is on the advisory boards of the Chennai-based private equity firm Fulcrum and the social impact fund, Menterra. He's an independent director on the board of India's first retail building products company, Shankara Building Products Limited.
He was the co-founder of Scope e-Knowledge Center, a pioneering knowledge process outsourcing company, as well as the co-founder of a business-to-business e-commerce venture, both of which he successfully exited.... more
Asked by Anonymous - Jul 09, 2023Hindi
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As I have experince in the field of Safety of metal Industries, i want to start my own business in semi-urban area of Bihar. KIndly advise the nature and type of business, whether opening a wholesale shop of House building materials like cement, tiles, TMTs. In case i start a agro based consumable foods etc. from where can i get govt help to start-up business.

Ans: What kind of help are you looking for to start your own business? It's not clear.
It's preferable to start a business where you have experience, knowledge and connections/ network plus it's a growing,large market. You would need to study the market you plan to operate in, check out who are the competitors, kind of customers, where there are gaps in the market, which suppliers would be the ones to work with etc. That can help you arrive at a few (2-3) viable choices which you need to examine in depth including talking to suppliers, dealers, influencers, buyers etc before you make a final decision. It's possible that such conversations can lead to active business propositions too. Building materials is a large market. It's also competitive and margins widely vary across product categories.
Food processing/agro industries too have opportunities. Government departments such as MSME department of the local State governments plus Ministry of Food Processing, Government of India and others have project and industry reports. Financial assistance schemes too may be available Example https://www.mofpi.gov.in/Schemes/related-schemes-other-agencies
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Dear Sir, I am a civil engineer living in Chandrapur it is a small city. I have a experience of 25 years as quality in-charge. Hence i want to start my own business as a consultant for constructions and civil solutions. Please guide me how an from where I shall start
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Though the design concepts remain same, the onsite execution factors play an important role in finalizing your design data. Additionally, you being an independent consultant, you will have to learn the entire process starting from Tendering, preparing BOQs, Design report submissions, onsite visits etc.,. To understand the nuances of each step, I would suggest you to get some 5 years of exposure under some consultant and then you will be confident to start on your own.

Coming to software's (which will be helpful even for working under a consultant), you should start from AutoCad (for building plans, drafting etc.,) then for analysis part you can use any of the renown building packages like MIDAS, CSI products, Bentley Products. There is no hard and fast rule to follow a particular one. You can get a grip on any one of these and perform the tasks. All the very best for your future!

There are a few construction business ideas for beginners that can get you started in this exciting and ever-growing industry. The construction industry is full of opportunity, so if you’re considering starting your own business, now is a great time to do it.

Many different successful construction business models can be effective in the construction industry. The key is to find the model that best suits your company’s strengths and weaknesses.

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I am a State Govt. Employee in Tripura. I want to start a business. Please help me.
Ans: Starting a business involves planning, making crucial fiscal opinions, and completing a series of legal conditioning. Read on to learn about each step. Conduct request exploration request exploration will tell you if there’s an occasion to turn your idea into a successful business. It’s a way to gather information about implicit guests and businesses formerly operating in your area. Use that information to find a competitive advantage for your business.
Write your business plan your business plan is the foundation of your business. It’s a roadmap for how to structure, run, and grow your new business. You’ll use it to move people that working with you — or investing in your company is a smartchoice. Fund your business your business plan will help you figure out how important plutocrat you’ll need to start your business. However, you’ll need to either raise or adopt the capital, If you do not have that quantum on hand. Fortunately, there are more ways than ever to find the capital you need.
Pick your business position your business position is one of the most important opinions you’ll make. Whether you’re setting up a slipup- and- mortar business or launching an online store, the choices you make could affect your levies, legal conditions, and profit.
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