Dear Seniors,
I want to setup my own HR Outsourcing firm so, please brief me that what would be the process for the same.
What the document and legal formality i have to complete before that. where i have to register firm and what necessary steps i have to take first.
Pl. guide me step by step.
Looking for your valuable concern on the same.
Prem,
What kind of services you are going to provide ? Recruitment ,Contract Staffing / Temp Staffing ,Payroll process Outsourcing or all .For recruitment partnership registration,shop & establishment & Service tax registration is enough.But for other services like Contract Staffing ,you have to register PF ,ESIC etc .
Hiiii,
I am planning for Recruitment, Payroll Processing, Training & Development Programme, and other HR supported services like Mediclaim, Legal Liaisoning etc.
Pl. Provide me all details if possible.
Looking for your kind concern on the same.
Start first with a thorough SWOT analysis of both yourself and the business idea. After that put together a very detailed and comprehensive Business Plan that sets out exactly how the business is going to be set up, what funding you have, how you will operate, how you will market, and where the clients will come from.

From reading CiteHR, it seems that half of India is setting up businesses in HR Outsourcing.

What is going to be different about you and your business?

How are you going to find clients, when all the other outsourcing businesses around you are seeking the same clients?

How are you going to support yourself (and your family if applicable) while you try to establish the business and make it profitable to pay you a salary?

What capital and ongoing finance do you have to start this business, hire and pay staff, rent office accommodation, pay for marketing and advertising etc etc??

How many other similar businesses are there right now in Guargon and Dehli that you will be competing with?

As a general rule of thumb, you need to work out what your total living expenses are for a year, and put that money to one side. That relieves the pressure to some extent while you try to establish the business. At least you can then maintain a roof over your head, continue to eat, and pay for all your living expenses, though of course, you may need to live more frugally.

Secondly you will need to work out what it is going to cost to set up the business from scratch, then how much money you will need to run the business for at least a year. Very very few businesses ever make any money in the first 12 months, so if you are counting on this generating income as soon as you open the doors, then I seriously advise you to rethink this idea NOW.

We have so many postings here on CiteHR of people who have started their own businesses, and are now desperately seeking clients etc, because the business is failing. I'll guarantee that none of these people did any research first, or made sure they had funds in place to live on.

FAILURE TO PLAN IS PLANNING TO FAIL.
Setting up a business requires careful and years of planning. You should have a good knowledge of the competing market and trends. Also, you should be aware of the types of the business ventures that one can start with. You can refer https://ahlawatassociates.com/settin...pany-in-india/ for more details on how to setup a company in India.
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