starting up basics!!!!

well there could be more than what I think in starting up a business, but the following are just basic points, any more inputs from successful entrepreneurs are always welcomed to make this post more valuable ...:-)
How to start a business

 Idea
 Evaluation of idea, market
 type of skills needed, labour,
 Capital – money-investment


Idea – To start any business the most imp aspect is the idea which acts as a seed of the business-money tree. But the most imp question is how to get an idea or rather many are faced with a dilemma from where to get an idea? Answer is simple, observe your surroundings, analyse your passion and imagine the activity which you love doing the most. For eg. you have a zeel for food preparation and like to explore varieties of cuisines, a chef or a restaurant business might attract you. You can get a clue from your hobbies as hobbies are the activities which we like to do the most in our free time(not the hobbies which we usually mention on our RESUMES of which we rarely know anything…  )


Evaluating your idea
Once you have realized what you enjoy to do the most and decided to call the shots on something, its time to evaluate your idea from different angles. Further, one need to know how much feasible that idea is for you, the type of investment needed, what is required to turn the idea into a real profitable business. But the niche is the feasibility of the idea….eg. if you have a passion for real estate but have no time to get information on local/international land prices or don’t have money to invest in the stock market than it would not serve the purpose… But if you have a passion for food or making sandwiches and plan to open a small sandwich shop than you can evaluate the idea by considering many factors like land, locality, are there any other sandwich outlets in your area, do you have the time to invest in the business, minimum capital required etc..

Skills
After making the necessary evaluation you need to know the skill which would be required to run the business, eg. If you are planning to open a food outlet but you are not a good cook than you need to know who can cook for you, i.e labour required , cost involved in it etc. Generally one should start a business where he/she has a hands on expertise so as to understand the business from the roots instead of relying on other human resource.

Capital- “its all about money honey”
Last the most important aspect of your venture is money , you need to know if any capital or money is required to start up the business eg. Machinery, marketing costs, labour capital etc.. It is very important to find a way on how you will get the money, there are different ways to pour the capital you need through banks, VCs, partnerships etc..the list goes on .

The above points are not exhaustive but they can be the pillars of your venture and would prove to be the most important aspect in deciding your venture vision..anything else if you feel can always be posted here… cheers!! 