With the push given to the ‘Make in India’ campaign, India is going through a period of unprecedented economic liberation, opening its vast consumer base to national and international firms. However, even though the process of starting a business venture has been made relatively easy, it is still a notoriously difficult place to do business. Therefore, it helps a lot to have local help on board. Only if you have someone with proper knowledge of all the hurdles and difficulties and the insight of how to overcome them, you can unlock the country’s vast economic potential for your own benefit.
Having a great idea is not enough. There are many hurdles that you will have to face before you can reap financial benefits from it.
- Financial Hurdles
The cost of setting up business in India is astronomical. Arranging finances can be a difficult task if you are a new entrant into the market. Whichever method you choose to raise the money, you will have to deal with a lot of documentations and procedures before you can actually have money in your hands.
We make arranging the monetary requirements of your business a breeze. You can leave all the documentations and procedures for us to do while you focus on other aspects of your business that really need your attention.
- Bureaucratic hurdles
Red tape and bureaucratic hurdles are an inherent part of starting business in India. Though less now, they can still cause you to rip your hair with frustration. With so many permissions to take and so many government offices for you to run to, it does tend to zap your energy.
We don’t want you to lose your enthusiasm of setting up the business. So, we make sure that you don’t have to rush from pillar to post running an Olympic race of crossing the hurdles. We are professionals who clear all the bureaucratic hurdles for you like a champion.
- Legal Hurdles
The big, fat books of law contain numerous laws that you are required to follow while setting up your business. Now, you can either spend your lifetime studying these laws with a lens or you can hire a good team of lawyers to guide you with them so that you are free to focus on the core aspects of your business.
Legal hurdles can create walls that you can keep banging your head onto and they still won’t give way. They might even create more problems for you if you fail to comply with some laws unknowingly. Hence, it is advisable to take the support of expert lawyers who can find the proper door for you in the wall, ensuring that you are ready to comply with all the laws as required from a business.
- Cultural Hurdles
If you are an international company planning to set up business in India or if you are a regional startup planning to expand to other territories, you will surely face cultural hurdles to your expansion goals. With the process of globalization and increasing global trade, it is inevitable that different cultures will interact, blend and/or conflict. Therefore, it is essential to have someone with thorough knowledge of local cultures. This helps you to expand your market in integration with the local culture.
We give you proper advice on the ways to make your ideas culturally relevant. We make efforts to ensure that you can capture the maximum target audience in the area without ever having to put your foot in your mouth.
- Thinkers block
Now this is your own mental block. If you have an idea but are unable to innovate further or if your idea is not commercially viable enough, then what? Should you just give up? We would suggest: no. As a human being it is natural to face mental blocks. Your brainstorming sessions might not be able to produce the desired results too. Yet, there is no need to give up on your original ideas.
If you contact us, we will assess your ideas and then give you suggestions to make them more financially feasible. We don’t just listen to your ideas; we add our insights to them as well.
There are many hurdles that you will face in the process of making your ideas profitable. The road from inception of ideas to their ultimate production and sale is a rocky road. And that is where we come into picture. We at Soni & Soni (Mynyx Consulting) are the road- roller that moves over all the rocky patches to smoothen the process for you. We provide all- in- one services, right from laying the foundation of your business venture till the time you make even on your investments and even after that. All you need to do is to contact us now.