Establish a clear organizational structure
for the startup.
Define roles and responsibilities for team
Organizing the Setup members.
Create a project timeline to guide the
setup process.
Prepare essential documents such as
business plans and operational guidelines.
Ensure compliance with legal
Construction and Startup Document Preparation requirements and regulations.
Maintain records for financial and
operational transparency.
Implement budgeting strategies to
manage expenses effectively.
Monitor financial performance regularly to
Cost Control identify variances.
Adjust spending based on operational
needs and financial forecasts.
A startup is a newly established business
aimed at solving specific problems.
Typically founded by individuals or groups
What is a Startup? with innovative ideas.
Focuses on creating unique products or
Startup Definition and services to differentiate from competitors.
Importance
Startups contribute to job creation and
economic growth.
Government initiatives like "Startup India"
Economic Impact of Startups support emerging businesses.
Encouragement of innovation leads to
sustainable economic development.
The startup must be five years old or less.
Approval from the Department of
Industrial Policy and Promotion (DIPP) is
Requirements for Startup India Initiative necessary.
The business must offer innovative and
customer-centric products or services.
Startup Eligibility Criteria
Existing businesses that are incorporated
cannot qualify.
Total turnover must not exceed INR 25
Ineligibility Conditions crores.
A recommendation letter from an
incubator is required for eligibility.
Incorporate the business as a Partnership,
Private Limited Company, or LLP.
Register on the Startup India website and
Steps for Registration complete the application form.
Obtain GST registration for compliance
with tax regulations.
Startup Registration Process Apply for recognition from the
Department for Promotion of Industry and
Internal Trade (DPIIT).
Benefits include tax exemptions and
DPIIT Recognition access to funding opportunities.
Complete the recognition application with
necessary documentation.
Startup Legal documents protect the startup's
Management and interests and intellectual property.
Operations They help in establishing clear agreements
Importance of Legal Documentation among founders and stakeholders.
Proper documentation minimizes the risk
Essential Legal Documents for of disputes and legal issues.
Startups
Trademark registration to protect brand
identity.
Articles of Association/Incorporation to
Key Legal Documents define company structure.
Non-Disclosure Agreements (NDAs) to
safeguard confidential information.
Recognize the need for materials and
prepare purchase requisitions.
Select potential suppliers and request
Steps in the Purchasing Process quotations.
Analyze quotations to select the best
supplier based on criteria.
Purchasing Cycle in Startups
Create and dispatch purchase orders to
selected suppliers.
Ensure purchase orders are legally binding
Issuing Purchase Orders and outline delivery terms.
Maintain copies for internal records and
follow up on order status.
HRM involves recruiting, hiring, and
managing employees effectively.
It focuses on maximizing employee
Overview of HRM potential as valuable business assets.
HRM practices align employee goals with
Human Resource Management organizational objectives.
(HRM)
Societal objectives address ethical and
legal responsibilities.
Organizational objectives ensure efficiency
Objectives of HRM and high retention rates.
Personal objectives support employee
development and satisfaction.
Identifying and analyzing risks helps
mitigate potential threats.
Proactive risk management reduces the
Importance of Risk Management likelihood of negative outcomes.
Effective risk management supports
informed decision-making.
Identify existing risks through
brainstorming and prioritization.
Assess risks to understand their causes and
Risk Management in Startups Risk Analysis Process potential impacts.
Develop responses and preventive
mechanisms for identified risks.
Avoidance eliminates risks by removing
their causes.
Loss prevention minimizes potential losses
Risk Control Techniques through proactive measures.
Duplication and diversification strategies
reduce vulnerability to risks.
