StartupTalky

Tag: Register Business

  • How to Start a Home-Based Cooking Business?

    Many people love the thought of doing something they enjoy and earning a living from it, making their passion their profession. For the person who enjoys cooking, learning how to start a cooking business from home is a great way to combine it with your career. Like any other business, a home-based food business requires a lot of research and planning to start. Whether you have your restaurant or you are just a home chef, you can start offering cooking classes.

    Growth of various methods of food services

    For the person who enjoys cooking, learning how to start a food business from home is a great way to combine it with your career. Like any other business, a home-based food business requires a lot of research and planning to start. Whether you have your restaurant or you are just a home chef or started offering cooking classes, it needs planning and steps need to be followed. In this article, we will talk about how you can start a home-based cooking business.

    Steps to Start a Cooking Business

    Choose Your Niche
    Conduct Market Research
    Creating a Business Plan
    Licenses and Permits
    Purchase Your Equipment and Ingredients
    Focus On Marketing
    Shipping and Delivery
    Spread Your Cooking Business

    Choose Your Niche

    The most important step before starting a cooking business is to decide what kind of food you want to sell and do business with. Think about what food you want to make. There are some types of food you could focus on as you start this cooking business:

    • Lunch or brunch-style food
    • Wedding reception or special event meals
    • Desserts
    • Appetizers and cocktails

    Conduct Market Research

    The very much idle way to start a cooking business is to do some online market research. You must analyze the markets and if needed, attend some cooking classes with popular chefs in the same niche as yours. Day by day the food industry is becoming more competitive. It is important to do your business research before starting your online food business.

    Creating A Business Plan

    Having a business plan is very much important as it makes you think about what you want your business to be. Whether you want to start your catering business from home or a decorative baking company. It will also help you for setting up objectives for your business. It will also be helpful in prioritizing the next steps. There are many things one has to consider when planning a business. Some of those key things are:

    • Who is your target market?
    • Do you have a unique selling point?
    • How much start-up capital do you need?
    • How are you going to know if your product is liked?
    • Will you be delivering items yourself, posting or using a courier?
    • How do you want to sell your food?
    • Where do you want to sell your home-baked goods?

    Licenses And Permits

    Once you completed your business plan. you will need to register your business from home to the local authority within 28 days of starting your business. If you run a food business without registering, you may be fined, and you could be imprisoned for up to 2 years.

    Going further you must register every premises where you carry out food operations, such as your home, mobile catering units (i.e. food vans), and temporary premises (i.e. food stalls). Check whether you need any special permits, relevant facility, equipment, and safety standards.

    This simply means you will have to make sure that your business kitchen is separated from your kitchen and that you are not using the utensils in your professional kitchen for personal use. Lastly, you will want to get a business license and a resale license which will allow you to buy ingredients wholesale tax-free.

    Purchase Your Equipment and Ingredients

    The basic setup needed to start the business is the amount of space and the required equipment or utensils. And keep all the equipment handy and gather all things in your cooking business space. You also contact the suppliers for the easy availability of ingredients and the required equipment.

    Focus on Marketing

    Marketing refers to the activities to promote the buying and selling of any product or service. It is very much important in promoting the business and the mission of any business. It is defining and managing your brand. Then it produces marketing and promotional materials. One of the most important factors nowadays is monitoring and managing social media. Then it conducts customer and market research.

    You must use the best marketing strategies to increase your business growth:

    • Use social media
    • Create video tutorials
    • Start blogging
    • Understand search engine optimization(SEO)
    • Build a great lead team
    • Use Facebook ads
    • Create an affiliate program

    You have to create value for your business. If there is no difference between you and your competition, there is no reason why a buyer should come to you. If you start exploring marketing you can find that there are many directions to go. Once you are running your own mission or initiative and have experimented with a few things like data. It will inform you of what is working.

    Focus on existing customers as they have already made a purchase, they already know, like, and trust you. If you provided a good experience, then you have given them a reason to do business with you.

    Shipping & Delivery

    The packaging is very important as it protects your products during shipping. It also builds your brand’s image and identity. Good packaging is needed for food delivery.

    You can save yourself from wasting money by taking the time to research your shipping costs. One of the most common shipping mistakes is sending orders to the wrong customers. It is very much important to take time for shippers and deliver the order to the correct address.

    If your business is growing or if you have a lot of orders. You won’t have time to create shipping labels by hand you can automate this process. By doing this you can save a lot of time.

    Spread your Cooking Business

    • Use Social Media to Your Advantage – Social media is very much helpful to promote or spread the business. Users will like, comment, and share your content and spread the word about your business for you.
    • Have a Website – Every successful business has a website where new and existing customers can go to learn about their options. You can use a website to promote your social media and provide information on the details of your business. You can give offers and discounts.
    • Email is Still Relevant – Email marketing is still one of the best ways to reach customers of every generation. In an email, you can provide information like the current deal, discounts on the menu, or any other item.
    • Partner with Other Businesses – Digital marketing has promoted the strategy of working together with other businesses to promote both products and services. One of the best ways to do this is by connecting with the food bloggers and influencers who are local to your business. You can offer them free meals or discounts to get them and share your brand on their page.

    Conclusion

    Beginning a home-based cooking business can be a lot, so one needs to keep themselves level-headed and follows all the steps that are needed to take. Home-based cooking businesses are increasing their presence every day, people living in hostels or alone always crave homemade food, so it is bound to get more popular in future.

    Home-based cooking business is quite popular in India.

    Is food a good business?

    The food industry has seen immense growth over the past decade, so it is quite a good idea to start a food business.

    Do homemade cooking needs license and permits?

    Homemade cooking business needs license and permit like other businesses, they are mandatory.

  • How to Setup your Business in UAE as a Foreign Entrepreneur? (Explained in 7 Steps)

    UAE can be considered as one of the best places to set up a new business or to expand your existing business internationally. The country’s economy is the fourth largest in the middle east and has a GDP of USD 421 billion. There are few steps you would have to follow in order to set up a business in UAE.

    1. Select the Right Jurisdiction for your Business in UAE
    2. Choose the Type of Business you want to Setup in UAE
    3. Select a Name for your Business in UAE
    4. Paperwork for your Business in UAE
    5. Obtain a License for your Business in UAE
    6. Open a Bank account in UAE for you Business
    7. Submit an Application for your Visa in UAE
    FAQ

    1. Select the Right Jurisdiction for your Business in UAE

    The most important step of any business is to select the business activity and that should be your first step. But for setting up a business in the UAE you should have a basic idea of the different jurisdictions first and accordingly move forward with the rest of the steps.

    The UAE market is divided into different economic zones. The different zones in the UAE are Mainland, Free zone and Offshore. These economic zones are jurisdictions and each jurisdiction has a different set of rules and regulations.

    Mainland

    A business that is set up in the Mainland of UAE will be able to do business anywhere in the UAE market. This means that the company will be able to do business in both inside and outside the UAE market. It is mandatory to have a physical office space with a minimum requirement of 140 sq. ft.

    Free Zone

    A business that is set up in the Free zone of UAE has certain restrictions in doing the business. They will only be able to conduct the business in the jurisdiction of the Free zone and outside the UAE. It is not mandatory to have a physical office space and a virtual office space would do.

    Offshore

    Offshore companies are business entities that will be registered in the UAE in order to conduct the business outside the country or outside the jurisdiction. The offshore companies are allowed to set up multi-currency accounts in UAE and to carry out the business internationally. An important point you should notice is Offshore companies are tax free in UAE.

    2. Choose the Type of Business you want to Setup in UAE

    The first step would be to choose the type of business activity you would want to set up in the UAE. For example, certain Free zones would allow only a specific type of activity in their area and it is wise to set up a business in the zone where it is closely related to your activity.

    If your business is concentrated on import and export it would be better if the business is set up near the port or an airport. However, choosing the business activity will be the major step in setting up your company in the UAE.

    3. Select a Name for your Business in UAE

    The next step would be to choose the name of the company for your business activity. In UAE there are certain restrictions in regards to the name of the company. You will not be able to use any religious names that are referred to Allah, Him or anything related to the religion.

    You will also be restricted from using the names of various political groups such as the FBI or Mafia and if you choose to register the business under a person’s name then he or she should be registered as a partner for the business.

    4. Paperwork for your Business in UAE

    You will have to finish the paperwork after selecting the activity and the name of your business. You will have to fill an application with the activity and the name you have chosen for your company. You will also have to submit a copy of the passports of shareholders to the government authorities.

    It is to be noted that certain Free zones will require additional papers and documents such as a business plan or a NOC (Non-objection certificate) which is a letter from the current sponsor that they don’t have any issues to set up another business in UAE.

    If you seek an expert help then it wouldn’t be so complicated as they would take care of the major challenges and advise you on the paperwork and help you in completing it.

    5. Obtain a License for your Business in UAE

    The easiest and the most important step is receiving your license. After all the steps you will receive a license from the government after checking all the applications and the documents submitted.

    You will also have to apply and receive a trade license which is also called as the business license. There are different types of business licenses in the UAE such as Professional License, Industrial License, Tourism License and Commercial License.

    These licenses are important for UAE Mainland companies but for Free zone company it would defer according to the business activity and the jurisdiction.

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    6. Open a Bank account in UAE for you Business

    The next important step is to open a bank account in UAE. The country has a lot of banks both local and international ones. Some of the local bank accounts in the country are Emirates NBD, Abu Dhabi Commercial Bank and many more. The major global names are Citi Bank, HSBC and Barclays.

    You can choose any bank and approach them or the business set up partner you have approached will try arranging a meeting with the bank of your choice and this may help you understand the policies of the bank and then make a decision.

    7. Submit an Application for your Visa in UAE

    This is the final step of setting up your business in the UAE. You will have to submit the application for processing your visa, according to the economic zone you select it will let you process the visa for your dependents and employees as well.

    The Visa processing will consist of 5 simple stages such as Entry Permit, Status Adjustment, Medical Test, Emirates ID registration and Visa Stamping.

    FAQ

    Which is the best business in UAE?

    E-Commerce Solutions, Travel and Tourism, Real Estate Agency, and Health Sector are some of the best business you should consider in UAE.

    Is UAE good for business?

    Low tax rates, low import duties, free trade agreements, a competitive economy, strategic location, state of the art infrastructure, are some of the benefits that make United Arab Emirates (UAE) one of the best places in the world for business.

    Which business is best in Dubai?

    Restaurant, Construction, Health and wellbeing, Transport, Freight and cargo, Real estate, and Cleaning services are some of the best business you can start in Dubai.

    Conclusion

    The UAE Free zone is more common in between the foreign entrepreneurs than the Mainland and offshore economic zone. The company formation in UAE is easier and they have a speedy process with strong incentives which makes it one of the favourite location for the foreign entrepreneurs.

  • How to Register a Business in India

    The 21st century is the century of startups and new rising companies. If you too want to start something of your own, something different and promising but don’t know how to put it up in front of the world in a legal way or you are too intimidated by the modus operandi here’s something for you that can help you start your venture of business and money-making.

    Some Fundamentals of Registering your Business in India

    Checklist for Business
    Checklist for Business

    Before going for the legal authentication part make sure you have done some profound research on the market you are going to step in, build a product that fits the demand of the people, and have an easy yet noteworthy name for your brand so that your registration process goes as smooth as it can be. You simply can’t build a business if you don’t have the exact idea of what you are going to present in front of the world. Make sure you are confident enough to start sailing in the ocean of marketing.

    Registering your business offline could be a complicated and greasy process. It is far better to do it online and it gives more transparency on how the systems work. Here are certain procedures that have been broken down into simple steps to help you register your business in India.

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    Visit the Website of the Ministry of Corporate Affairs

    When you start the process of registration, first of all, you need to visit the government website of the Ministry of Corporate Affairs (MCA). There you will need to find two forms, one of them is named DIR-3-KYC and the other as DSC (Digital Signature Certificate). You need to fill out these two forms first then apply for the DIN i.e. Director Identification Number.

    Register Business in India-Required Documents
    Documents to be submitted

    While filling out both of the forms you need to have certain documents handy as they have to be submitted along with both of the forms. These documents include proof of address, educational qualification, current occupation, passport. Along with all these documents you also need to send some passport size photographs.

    After filling out these forms you will have to register for the Digital Signature Certificate, also known as DSC without which you won’t be able to apply for the company registration in the online mode. For this, you also need those same documents which include proof of address, educational qualifications, current occupation certificate, passport, and passport size photographs.

    File an Application

    Once you are done with the previously mentioned forms, prepare an application. In this part, you will have to fill up the 1A form electronically. This process officially performs the registration of the name that you want to give to your company. You cannot just give a name that you think is suitable for your business. Here you will have to send a list of at least four names out of which one will be selected by the RoC based on their availability and whether they are appropriate. It is normally better to give more than 5 names as you will have more chances for your application not to get denied.

    The RoC (Registrar of Companies) might take up to 2 days to respond. In this process, you will have to pay a fee of Rs. 500. Once the RoC approves the name that you have provided, the registration of the company must be done within 6 months of approval. If not done within the period, the whole process of registration has to start all over again.

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    Draft the MoA and AoA

    The last step of registration includes the drafting of the Memorandum of Associations (MoA) and the Articles of Association (AoA). As these are two legal forms, these need to be dealt with carefully where you might take help from Lawyers while filling out the forms. The MoA provides a list of the different agendas of the company while the AoA lists out the details of the Company’s operation and its management. Both the Documents need to be compulsorily signed and attested by a minimum of two people from the company with a person being the witness of the whole drafting process.

    Drafting Documents for registering business in India
    Draft MoA and AoA

    After doing so these documents are to be sent to the RoC for the verification process. After the documents get approved by the authority, a print out must be taken out so that you can get them validated. Then you can attach these documents along with all other documents necessary for the registration of your business.

    With all of the above documents attached, you can now apply for the registration of your company by submitting the documents to the RoC. You have to register your company in the state where you will be performing your business. Then you will be provided with a certificate of Incorporation from the RoC which is the legal Certificate that declares the business to be legal and to be your own. This means that your business is registered and you can simply start conducting your business.

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    What after Registration?

    After the successful registration of your new Business, there is another additional step that you must do before starting your business. You must apply for a GST number, which when registered will complete the whole process of your company’s registration.

    This must have given you the basic idea of how to register your business in the smoothest way possible. Though there might be some extra procedures involved, depending on your location and the type of business you want to run, it is always better to get started as soon as you can.

    Conclusion

    Registering a business in India is not that complicated as it may feel. You just need to have some knowledge before getting down on the platform. The procedures set by the government for a successful registration is a quick and sorted process which makes it easy for a new company to start and run without much complications. After you are done with registering your business in India, it is now time to make it prominent and successful. There is one small piece of advice that you may need before you start your business venture is that no matter how challenging and exhausting the market makes you feel if you can make it better for the customers, you will surely succeed in your business. Keep your hopes high and your visions clear.

    FAQs for Registering your business in India

    How to register a foreign company in India?

    A foreign company can establish its business in India by filling out the FC-1 e-form. A digital signature of the official representative is needed whiling filling out the form electronically. There is no need to apply and obtain the DIN for the Directors of the foreign company.

    What is the objective of small business registration in India?

    Regardless of the type of business you want to run, you will always have to register your business officially. The reason being that a certain business transaction must follow specific rules and guidelines for being legal in India. Registering the business declares the company to be yours, secures the name of your company, and gives you the authenticity to take any legal actions whenever necessary.

    Can I get a registration number for my business?

    On applying for registration you will be given a recognition number for your business. This number will be provided to you once there is complete verification of your documents.

    How long does it take to start a business in India?

    It normally takes two to three weeks to complete the registration process and you can start your business in India within a short span. After you are provided with a legal recognition certificate for your business, the Indian Director can help you with opening a bank account in the company name.

    How to choose a company name?

    It is better to search for a name that is simple, easy to pronounce, and is relevant to your business. You can always take help from the internet. The RoC may expect you to follow some naming guidelines while naming your company.