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Baqar Iftikhar

Baqar Iftikhar Naqvi  |113 Answers  |Ask -

Start-up Mentor - Answered on Feb 23, 2024

Baqar Iftikhar Naqvi is the founder and CEO of Upriver Ecommerce, an online sales accelerator firm and can guide entrepreneurs on how to make their firms grow.He holds a BTech in textile technology from the Central Textile Institute and has a master's degree in marketing and merchandising from the National Institute of Fashion Technology.He has 23 years of experience in the consumer products and retail industry.... more
Nagendra Question by Nagendra on Feb 23, 2024Hindi
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What is the minimum capital for starting a business it could be any.

Ans: 0- Many million dollars. Please be more specific - what type of business, what scale etc.
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Harsh

Harsh Bharwani  |79 Answers  |Ask -

Entrepreneurship Expert - Answered on Jan 06, 2024

Asked by Anonymous - Oct 04, 2023Hindi
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Hi, how do I start a business, for instance trading or an online business. Seriously thinking about it. How much capital is required for that? Thanks
Ans: If you want to start a business for instant income, whether it is trading or an online business, first of all you need more planning and consideration.

1. Identify Your Business Idea:

First of all, clearly define the product and service you want to provide and you can choose your product niche according to your interest, skill, and market demand.

2. Market Research:

Always do market research, that what is your target audience, what are the competitors of your chosen niche and what is the current industry trend according to your concepts? So that you can easily connect your unique selling proposition USPs.

3. Business Plan:

Please make your business strategy and plan clearly with your proper business concept or idea, target audience & market, marketing strategy,financial projections, and operational plan. For well-crafted execution for success.

4. Legal Structure:

By choosing the right legal structure for your successful startup. Such as LLC, corporation, or sole proprietorship. This will be impactful for your business taxes, liability, and other legal terms.

5. Register Your Business:

Firstly register your business name with government portals and take business running licenses or permits. Also, check the other local regulations and documentation.

6. Financial Planning:

Also estimate the cost of your business plan, ongoing expenses, and projected revenue. So that a budget and financial plan can be made easily. And there is no problem in doing factors like producing, marketing, and operating.

7. Funding:

Also, determine how you will be funded in your own business. This may include your personal savings, bank, and other loans, investors & sponsors, or crowdfunding. Because different business models have different capital requirements.

8. Online Presence (for Online Business):

You have to keep a lot of things in your mind to set up an online business, such as creating an attractive & professional website, setting up an e-commerce platform for selling, and making maximum use of social media platforms for marketing and promotions.

9. Supplier and Inventory (for Trading Business):

For starting a trading business, you have to establish relationships with vendors. And be sure to how you manage your business inventories.

10. Build a Network:

Need to build a strong network with your customers, consumers, mentors, and industry persons, and many more. Because networking is crucial for advice, support, and multiple business opportunities.

11. Marketing and Branding:

Before promoting make sure to develop a marketing strategy to better promotions. You can utilize the tools of digital marketing, and content creation to reach your target audience and customers.

12. Customer Service:

Always give priority to your customer, so that customer can become your satisfied customer and can come to you again and again and purchase your services.

13. Adapt and Evolve:

Always be flexible and ready to adapt. Also, keep an eye on current market trends and be prepared for essential changes in your business model based on customer feedback and reviews.

Capital Requirements:

The actual capital required varies widely depending on the nature and scale of your business. Online businesses often have minimal startup costs compared to other ventures. Trading businesses may require more capital for inventory, warehousing, and logistics.

It is essential to conduct a detailed financial analysis based on your business model. Remember, business success often involves a combination of planning, implementation, and continuous learning. Take a consultation with business advisors to get personalized guidance based on your business concepts, ideas, and it's goals.

..Read more

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Nayagam P

Nayagam P P  |4474 Answers  |Ask -

Career Counsellor - Answered on May 02, 2025

Asked by Anonymous - May 02, 2025
Career
Can I get NIT Trichy ECE with 98%ile in JEE MAINS 2025 ?? EWS rank 4146
Ans: Providing precise admission chances for each student can be challenging. Some reputed educational websites offer ‘College Predictor’ tools where you can check possible college options based on your percentile, category, and preferences. However, for a more accurate understanding, here’s a simple yet effective 9-step method using JoSAA’s past-year opening and closing ranks. This approach gives you a fair estimate (though not 100% exact) of your admission chances based on the previous year’s data.

Here is, How to Predict Your Chances of Admission into NIT or IIIT or GFTI After JEE Main Results – A Step-by-Step Guide.

Step-by-Step Guide to Check Your Admission Chances Using JoSAA Data
Step 1: Collect Your Key Details
Before starting, note down the following details:

Your JEE Main percentile
Your category (General-Open, SC, ST, OBC-NCL, EWS, PwD categories)
Preferred institute types (NIT, IIIT, GFTI)
Preferred locations (or if you're open to any location in India)
List of at least 3 preferred academic programs (branches) as backups (instead of relying on just one option)
Step 2: Access JoSAA’s Official Opening & Closing Ranks
Go to Google and type: JoSAA Opening & Closing Ranks 2024
Click on the first search result (official JoSAA website).
You will land directly on JoSAA’s portal, where you can enter your details to check past-year cutoffs.
Step 3: Select the Round Number
JoSAA conducts five rounds of counseling.
For a safer estimate, choose Round 4, as most admissions are settled by this round.
Step 4: Choose the Institute Type
Select NIT, IIIT, or GFTI, depending on your preference.
If you are open to all types of institutes, check them one by one instead of selecting all at once.
Step 5: Select the Institute Name (Based on Location)
It is recommended to check institutes one by one, based on your preferred locations.
Avoid selecting ‘ALL’ at once, as it may create confusion.
Step 6: Select Your Preferred Academic Program (Branch)
Enter the branches you are interested in, one at a time, in your preferred order.
Step 7: Submit and Analyze Results
After selecting the relevant details, click the ‘SUBMIT’ button.
The system will display Opening & Closing Ranks of the selected institute and branch for different categories both Home State (HS) i.e. State you belong to & also Other State (OS).
Step 8: Note Down the Opening & Closing Ranks
Maintain a notebook or diary to record the Opening & Closing Ranks for each institute and branch you are interested in, separately for HS & OS Categories for a quick reference.
This will serve as a quick reference during JoSAA counseling.
Step 9: Adjust Your Expectations on a Safer Side
Since Opening & Closing Ranks fluctuate slightly each year, always adjust the numbers for safety.
Example Calculation:
If the Opening & Closing Ranks for NIT Delhi | Mechanical Engineering | OPEN Category show 8622 & 26186 (for Home State), consider adjusting them to 8300 & 23000 (on a safer side).
If the Female Category rank is 34334 & 36212, adjust it to 31000 & 33000.

Follow this approach for Other State candidates and different categories.
Pro Tip: Adjust your expected rank slightly lower than the previous year's cutoffs for realistic expectations during JoSAA counseling.

Can This Method Be Used for JEE April & JEE Advanced?
Yes! You can repeat the same steps after your April JEE Main results to refine your admission possibilities.
You can also follow a similar process for JEE Advanced cutoffs when applying for IITs.

Want to Learn More About JoSAA Counseling?
If you want detailed insights on JoSAA counseling, engineering entrance exams, preparation strategies, and engineering career options, check out EduJob360’s 180+ YouTube videos on this topic!

Hope this guide helps! All the best for your admissions!

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