Gud after noon sir, after completing CA, I m into practice but I want to be an enterprenuer, which type of business should I start?

Ans: Look for what your core skills are, in which you are better than others. Then understand your sectors / areas of interest and business opportunities therein. Take up the opportunities where the market size is significantly large, or growing and in which you can best leverage your core skills. Also evaluate how much capital expense each opportunity requires to develop a successful business in.

Ans: In whatever is your area of interest, talk to as many experts and consumers you can.. evaluate if your idea is solving a real problem that your potential consumers face. Fine tune your business idea. Then again talk to people if they are willing to pay you money to sort out the problem.. and how much. Concurrently, talk to experts on the cost of solving the problem/ offering the solution. Wherever you think the cost of solution is lesser than what people are willing to pay, is a good idea to work on prima facie. Then create a detailed feasibility report. Take help of some expert at this stage. Understand the investments and evaluate how you will need to fund the business initially. See if you can get some grants / seed funding. Typically seed funding is through friends and family . There are also a few govt schemes for entrepreneurs- see if you can get some grant/ financial assistance under these schemes. Put some of your own money and start implementing your idea in the mean while. Don’t be over optimistic in your planning. Work for the best but be prepared for the worst.

Ans: Pranay its true that its really very difficult to idea into reality. So for that you should have to clear about your business idea , your mission and the problem which you are trying to solve. Second if its clear then you have to research , check market size , you can do a small trail and test the market with your idea if its works then only you can scale your idea. Hope its help let me know if you have still any question , you can ask me directly and ask specific question.

Ans: No you first do some job in your interest area , understand the work , learn and gain experience then only you can think about any business idea.