Hello Sir, I am Manish 38 form Faridabad, Haryana! I want startup and for that I have created a survey also but I don't have enough funds to hire a team and get the data collected from market. Could you please help me, how can arrange initial funds to start. Thanks

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: Hi Manish
There are several ways to get information. I am not clear what kind of survey you plan to do. There are free online tools that you can use to execute the survey. I presume you have the list of people /companies etc you want to contact. You can also use tools like WhatsApp, Twitter to do dipstick polls with people to get a quick idea on some key issues. Pl also talk to a good marketing professor or consultant on the approach(es) you can use as also to refine the methodology

Ans: Nothing come easy, Anon ji. You must learn how to fish (how to become an entrepreneur) than be fed fish (get readymade business ideas). What works for one may not work for another. If you have money and want to work on tried and tested models, you could consider becoming a franchisee. Since you don't have money, nor do I have any idea of your experience or expertise, you would have to do some research and figure out what interests you AND is also a great opportunity. Work in that field first and gain experience and connections.