A simplified version of how to start your career as an entrepreneur. It doesn't matter what field you chose, groundwork of establishing any business is the same. Most common misunderstood notion that scares people into entering an entrepreneurial path is Monetary risk involved. Money is not an obstruction if you follow a basic few step process which begins with the most basic but the most important "Idea" . I am an entrepreneur, businessman, an employee and a traveller with more than 8 years of industrial experience is author of many articles and profound youtuber.

1. Vaneet Sood
Entrepreneur and Realtor
January 9th
, 2017

2. NEED
 3 percent population of entrepreneurs vs
97percent mainly rely on jobs
 World has seen how badly people get affected
when economies crumble.
 Job insecurity, Layoffs, Shutdowns are
becoming frequent.
 What’s the need to set aside job and think like
a business man= 100%

3. WHERE TO START
 Write down on a piece of paper what you are good at, what you
expertise it.
 Write down ways you think you can use the same skill to benefit
others (these others will be your future customers)
 Write down how your skillset/thoughts are different from other
companies already in market. Don’t limit yourself based on money.
 If its a product idea, draw your designs. If its a new process you think
of, draw the blueprint.Take your time

4. DON’T THINK OF
MONEY AND BUDGET
YET!!!

5. TIME ANALYSIS

6. NEED ANALYSIS
 Ask these questions to yourself and if possible
do a survey.
1.Whats the need of your idea?
2. How will it revolutionarise the market?
3. Ho will it generate money for you?
4. What sort of similar product/service/process
are there in market-Local and International.
5. What level you want to take your business?
6. Are you motivated?

7. KNOWLEDGE AND RESEARCH
 Before going further, list down people/networks
that know are good entrepreneurs. Don’t share
your idea, but seek knowledge from them.
 Share your idea based on trust level and if you
think that person might be useful to you as an
investor or partner.
 Read/Know everything you need to know about
the product/process. Go for global resources.
Google it!! Youtube it!!
 More you research, more you will be clear and
confident you will be about your idea.

8. MONEY TALKS
 Once you have done your difficult part of
researching,surveying, designing and
networking Money is easier to get.
 There several ways you can get money to aid
your idea.

9. MONEY TALKS
 You can finance it yourself.
 You can borrow/lend money from relatives and friends.
 You can get a loan from the bank. It will need specific business
plans and ROI assessment.
 You can approach venture capitalists. If you have a strong
idea, most of them will provide you funding.
 Go online; Kickstarter, Peerbackers, RocketHub etc. Where
people will donate money if your idea is worth it.
 You can sell your idea to some established company and yield
lifetime royalties besides selling price.
 Or Add up all the resources mentioned above.
 Start Saving for your idea today onwards.

10. RISK ANALYSES
 This is very essential for you and for the bank
and venture capitalists as based on this they
will sanction you money.
 Do it at various levels, seek advise from
external sources as well.
 You need to assess risk in all aspects; process,
resources, vaibility, change, financial etc.

11. ESTABLISH A SYSTEM
 Once you have money arranged. It is essentail
you set up a “SYSTEM” that will work in a way
that you start getting income as early as
possible.
 Get yourself a team( if its a medium to big
project) and assign them tasks.
 Network with markets where you want to
establish. If possible get help from Sales
company or hire Great Sales People.
 Once your product is ready and is being tested,
Start marketing.

12. MARKETING
 It can impact your budget and Reputation
negatively if performed wrong.
 Start Marketing a few months before launch.
 Create curosity to yield best results.
 Start with smaller market before branching.

13. ACCOUNTING
 Track your budget carefully.
 Main reasons many businesses fail even
before launch is because they fume out their
money.
 Definitely seek expert advise.
 Accounts management is VERY VERY
IMPORTANT.

14. KEEP AGGRESSIVE APPROACH
 Once you are in market, be aggressive.
 Set Sales targets. Analyse results.
 Get to more and more people.
 Dominate any competetion that seems to
appear.

15. READY TO UPGRADE
 Everything needs upgrade.
 Plan your next move.
 How you can improve and what can you come
up with.
 Start working on it as early as first lauch.

16. STAY MOTIVATED
 Success of failure depends 70 percent on your
efforts and research.
 If you are successful, think big and do more.
 If you fail however, learn from your mistakes
and possibly correct them to get back into
market.