Hi, I want to start a small company for data entry...Can enyone help me....?How can I start that??? I have good resources.
From India, Thiruvananthapuram
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From India, Thiruvananthapuram
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Having good resources is a good thing. But I would suggest you first learn about data entry. Work in a data entry company for some time to learn the basic steps. Consult an experienced person who is already in the business. Every business has pluses and minuses. Plunging into a business without basic awareness is not advisable. Check out state laws that regulate your business. Make a business plan. Do not venture into deep seas without testing the water first.
From India, Pune
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3180From India, Pune
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Setting Up a Data Entry Business: Key Considerations
Yet another inquiry about setting up a data entry business! I know India is a big place, but every week we have several postings on this same subject. It seems to me that everyone in India has decided to work for themselves and set up data entry, recruitment, BPO, or consultancy businesses. If everyone works for themselves, where will clients for these businesses come from?
I am sorry, but if you have no idea how to go about this and expect other people to tell you, then you are headed for disaster. Take a step back and do some research on this FIRST.
Steps to Start Your Business
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 your clients will come from.
Key Questions to Consider
- What is going to be different about you and your business?
- How are you going to find clients when all the other similar 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.?
- How many other similar businesses are there right now in your area that you will be competing with?
Financial Planning
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 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.
From Australia, Melbourne
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Yet another inquiry about setting up a data entry business! I know India is a big place, but every week we have several postings on this same subject. It seems to me that everyone in India has decided to work for themselves and set up data entry, recruitment, BPO, or consultancy businesses. If everyone works for themselves, where will clients for these businesses come from?
I am sorry, but if you have no idea how to go about this and expect other people to tell you, then you are headed for disaster. Take a step back and do some research on this FIRST.
Steps to Start Your Business
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 your clients will come from.
Key Questions to Consider
- What is going to be different about you and your business?
- How are you going to find clients when all the other similar 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.?
- How many other similar businesses are there right now in your area that you will be competing with?
Financial Planning
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 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.
From Australia, Melbourne
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Dear Jaya Mohan,
Following are the options you can consider:
- Join a professional group online and share your aspirations.
- Purchase a database from mobile service providers to promote your profile.
- Create a profile and share it across all available channels.
- Reach out to banks and other institutions where project opportunities may exist.
Best wishes,
KPN
From India, Chennai
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Following are the options you can consider:
- Join a professional group online and share your aspirations.
- Purchase a database from mobile service providers to promote your profile.
- Create a profile and share it across all available channels.
- Reach out to banks and other institutions where project opportunities may exist.
Best wishes,
KPN
From India, Chennai
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
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