school startup business plan in india

Starting a School in India – Business Plan, Procedure & Cost Estimation

Schools in India come under the Non-Profit Organizations and are registered under the section 8 of the Companies Act 2013. One can also open a school under the Societies Act of 1860. Opening a school in India depends on various laws regulated both by the center and the state. It also depends where you are starting your school and which board of education you are adopting. Here is a brief guide on how to start a school and its cost estimation in India.

Make a Brief Blueprint of Your School

There are various factors involved in the opening of a school in India. The first important point is that there are various levels of categorizations on which a school is opened. Schools can be for lower KG, upper KG, from class 1 to 6 or from 1 to 8, from class 1 to class 10 or from class 1 to class 12 th . If the class exceeds up to 9-12 th then you require your school to be registered from a certain board operating in India. Opening a school also depends on the place where you are starting your school. If you are opening your school in metro cities then there are different rules whereas opening school in towns or rural areas require different categorization.

Based on all such issues here is the list of issues that must be address while opening a school in India.

Requirement of Land for Starting a School

One definitely needs a good space to open up a school. Requirement of land depends on two factors. The first factor is the status of the place where you want to open the school. For example, the minimum requirement for opening a school in metropolitan city is different from that of a town or rural area. The second factor is the board through which your school is affiliated. There are basically 4 boards that majorly operate in India. They are:

• Central Board of Secondary Education (CBSE)
• Council for the Indian School Certificate Examination (ISC/ICSE)
• International Board (IB)
• State Boards of 29 States in India

Requirement of Land Based on Place and Board: CBSE Board

• In a Metropolitan City: If you want to open up a school in cities like Delhi, Kolkata, Mumbai, Chennai or Bangalore then you need to have a minimum requirement of 1 Acre land or 4000 sq. meter of land for operating school from pre-primary to class 12 th . For operating school from pre-primary to class 10 th you need to have at least half an acre of land or 2000 sq. meters of land.
• City with the Population of more than 15 Lakhs: From Pre-primary to class 12 th a minimum requirement of 1 acres of land or 2047 sq. meters of land
• Other Cities: A minimum of 1.5 acres of land is required to run a school in small cities based on CBSE norms.

CBSE also caters a category level for schools like A+, A and B category schools. An A+ category schools should have permanent affiliation with land area not less than 2 acres.

Requirement of Land Based on Place and Board: CISCE

For a school affiliated to CISCE, a minimum requirement of 2000 sq. meter of land is necessary with each classrooms to be not less than 400 sq. feet in size.

State boards have their own requirement which can be read on their respective websites.

Construction of School Building

Based on the board guidelines school building should be constructed. Like a minimum class size should be of 400 sq. feet with a library, arts room, amphitheater, science lab, computer lab, stage, playground, etc.

Starting a School and NOC

After the construction of school building is over it is time to open the school. For this there are various process through which one has to go. The first requirement is to get a Non objection certificate from the state government. Only after getting an NOC you can operate your school. Many schools are operating in India without NOC and one should avoid going by that method as at the time of applying for affiliation you will be asked for NOC.

To apply for NOC you need to visit the state education department where there are different departments from where you need clearance. The method is transparent and it requires some basic documents like land details, land size, budget, etc.

Affiliation to Board

A minimum of one years of operation is required for schools to apply for CISCE and CBSE board while for IB it is three years. Before that you can open your school from pre-primary to class 8 th but only after the school is operational from more than a year it will get affiliation. The respective boards also have their rules and parameters based on which they grant permission like land size, building construction, classroom size, playground, number of teacher, teacher’s qualification, EPF account, and other criteria mentioned in the board’s guideline that you can access on their website.

Setting up of School Structure

From appointment of Principal, head master, Vice Principal, associate teacher, assistant teacher, accounts department, lab assistants, computer experts, peons, supportive staffs, drivers, etc. to organizing each class, arranging infrastructure and furniture, purchasing basic devices, buying books for library, setting up of science lab, apparatus, models, computer labs, etc. requires a lot of time and capital. You have to do all of them. Try to go slow with time as setting up everything at once is neither possible not it is viable.

Appointment of Teacher and Principal

If you are going to apply for affiliation for any board then you must appoint teacher based on their parameters. There is a basic qualification requirement for each board like a teacher must be a post graduate, qualified NET, CTET, NTT, PGT, PTI, TGT, and B.Ed. For the appointment of principal many boards require at least a B.Ed. in addition to Masters. M.Phil. graduates are also the most viable candidates for the post of Principal.

Setting up of Accounts and EPF for Your Staff

An organization with more than 19 staffs should have a must EPF account. Nowadays every school wants their staffs to have a bank account where monthly salary is transferred. CISCE board also requires a mandatory condition of having EPF account of each staff for affiliation process.

Admission of Students and Parameters

Admission of student invites a test which is conducted by the school administration. The board also gives a standard which must be followed to admit students. Not more than 45 students be there in each classroom. Try to start your school slowly from lower KG and increase gradually to standard 8 th and beyond. Parameters like a definite school uniform, school curriculum, syllabus, rules and regulation must be set up.

Fees Structure

You can decide the fees based on your expense and place of school. Based on the per capita income in the region you can determine the school fees. Private schools in metropolitan cities charge whooping sum of money per month. Determine the fees after taking advice from learned management graduates.

Cost of Starting a School in India

If you are planning to start a pre-nursery school then cost will be quite less. For a well structure affiliated school, startup cost estimation is quite huge. Take at least 2 crores a minimum sum to start your school and it can go further based on the place of operation, living standard, etc. Setting up a standard school will have its own implications like money spent in arranging furniture, gadgets, electronics, computer, maintenance, and other requirements.

Time Investment

Running a school requires a good investment of time. It will take at least 2-3 years to build a school and start it. At least 4-5 years will be needed to get NOC and affiliation from the day of foundation ceremony. The capital investment being huge also pushes the return on investment time further. Only after few years of operation one can accept any profit.

Running a school is a challenging job which requires investment of time, resources, capital and human labor. But it has its own advantages. After the gestation period you will be serving the society by imparting education, employing people, nourishing new minds and after all getting decent return. Based on your skills of running a business you can excel your profit.

The steps involved in starting a school in India are: 1. Research the Concept 2. Develop a Business Plan 3. Choose a School Location 4. Develop the School Infrastructure 5. Obtain Government Approval 6. Recruit Staff and Teachers 7. Admit Students 8. Evaluate and Improve the School

There are various Indian laws which set out the requirements for establishing and maintaining a school in India. The main pieces of legislation are: 1. The Right of Children to Free and Compulsory Education Act, 2009. 2. The Employee State Insurance Act, 1948. 3. The Factories Act, 1948. 4. The Building and other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996. 5.The Nationalacksurydation of Secondary Schools Rules, 1966. The requirements for setting up a school will vary depending on the type of school and the level of education offered. For example, setting up a kindergarten will require different approvals and compliance with different regulations than setting up a higher education institution.

The costs associated with starting a school in India vary depending on the type of school, the location, and the size. However, some of the general costs include the cost of land, construction, furniture, and equipment. Additionally, the school will need to be registered with the local authorities and the cost of textbooks and other teaching materials will need to be considered.

There are a number of challenges involved in starting a school in India. These include: 1. Finding a suitable location for the school 2. Securing the necessary approvals and licenses from the government 3 Procuring the adequate furniture, equipment and resources 4 Hiring experienced and qualified staff 5 Promoting the school and attracting students

There are many ways to make your school stand out in the Indian education market. One way would be to offer a unique curriculum that is not offered at other schools in the area. Another way would be to have a strong reputation for academic excellence.

One of major trends in the Indian education market is to increase parental involvement in their children’s education. Research shows that increases in parental involvement, including parental monitoring of children’s school performance and homework and providing support for their children’s learning, are associated with increased student achievement, better retention in and completion of school, and fewer behavioural problems among students. In addition, parents are increasingly turning to private tutors and schools to supplement their children’s education. The number of families using private tutors has nearly doubled in the past decade, and the number of private schools has also been growing rapidly.

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Education for all: A step by step guide to open a school in India

We need more and more good quality competent schools to spread the social cause of education and to increase the literacy rate in india..

Over the years, the government has taken various initiatives to make educational institutions accessible to the society at large in a bid to ensure education for all. Although government schools are the largest provider of elementary education in our country with over 80% of all recognised schools being run or supported by the government, but still the demand for private schools is on the rise. We need more and more good quality competent schools to spread the social cause of education and to increase the literacy rate in India.

Investing your money in an educational enterprise is a promising proposal as it is a prospering sector with an extending demand for schools. With 99% of the children not being enrolled in an organised preschool, there is a huge untapped potential in the education sector. If you are exploring the idea of opening your own school but are daunted by the whole procedure, here we are with a step by step guide to ease out the process for you:

1. Prepare a blue print

The very first step to start a school is to plan everything in advance. Develop a business plan on how your school is going to operate over its first five years. Plan the location, faculty, teaching subjects etc. This plan will act as a blue print, on the basis of which your school will operate in future.

2. Develop a budget

After making the blue print, the next important step is to arrange your finances. To open a play school anywhere in India is going to fetch a minimum of ₹ 6-8 lakhs from your account. A primary school will require an investment of about ₹ 8-10 lakhs. For setting up a 10+2 school, the cost can go up to ₹ 2 crores. Plan your budget distribution in building the school, making furniture, recruiting the staff, advertisement charges etc.

3. Associate with a trust or society

In most areas any school with classes up till kindergarten can be opened as a proprietorship/private limited company/trust/society/LLP etc. However, schools running from classes 1 onwards needs to be run under a registered trust or society.

4. Finding a suitable land

The next step is to acquire land for your school. You will require a 2000 sq.ft of area on the ground floor for a play school. The selected land for opening a primary school should be around 6000 sq ft to 7000 sq ft, while a senior school will need an area of upto 2 acres. After getting an NOC from the Department of Education, you can buy the land from land owing agencies. Instead of buying a land, you can also take it on lease but with rental agreement for at least 30 years.

5. Start early

Once you finalise the land, start planning its construction without delay. Appoint a contractor or an architect to design your school’s building and its office. When opening a school, it is important to take care that you have students’ safety measures in place, big playgrounds, colourful classes, proper ventilation and sanitation etc.

6. Approach the Department of Education for recognition

After your school is ready and all the construction work is finished, the next step is to get the recognition. Apply to the Department of Education of the State Government for your school’s recognition.

7. Recruiting qualified staff

Appoint the Head of your school and your business manager. Start interviewing candidates and select qualified and experienced staff for office, subject experts as teachers, full time maids etc.

8. Promotional strategies

Promote your school through newspaper advertisements, brochures, hoardings, banners etc. Design a website and set up a mailing list to keep interested parents in touch with your progress.

9. Pre-launch

After promoting your school, open the school office and begin admission interviews. Ask your appointed teachers to plan curriculum, teaching strategies, learning environment, buy teaching aids etc.

10. Opening ceremony

You can schedule a formal opening ceremony, which will be a festive occasion, before or after one week from the beginning of your school’s session. Prepare a welcome speech addressing students and their parents about your goals and how your school is going to benefit the society. Arrange a feast for the guests.

The above 10 steps give you an outline of how to open your own school. If you are a beginner and lack experience in this field, the whole process of setting up a school can be extremely strenuous, and may even end up in a failure if you take some wrong decisions. This is where a good school franchisee model comes into place. Taking up a school franchise makes this entire process hassle-free for you. You can operate under the franchisors trademarks and receive an entire package comprising all the elements necessary to establish you in the sector and run it with continual assistance on ongoing basis. So, go ahead and jumpstart your entrepreneurial journey!

(Author Amol Arora is Vice Chairman and MD, Shemford Group of Futuristic Schools . Views expressed here are personal)

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How to start a cbse school in india.

Educare India Advisory is one of the best consultants to start a CBSE school in India. We are bringing this article to our visitors for a complete details on how to start a CBSE school in India. Every school is associated with a prior board of education. CBSE (Central Board of Secondary Education) is an established and well-known board of Indian Education System. Every board requires dedicated efforts to maintain and run a school. In general, opening a primary school on the first attempt to understand the norms and procedures critically proves to be beneficial. “How to open a CBSE school” is a challenging task requiring skills, awareness, and knowledge to complete the procedure legally and successfully.

• Guide them through the process of systematically writing a purpose statement
• Build a change agenda so you know what needs to improve
• Create a strategy map with measures and initiatives

Download this free Balanced Scorecard template and become the strategy superhero your company needs.

Why there is a need for New Schools?

INSTANT ENQUIRY?

Owned or Franchisee School?

The question that springs to mind after the decision to Open a School in India is made is whether the school should be owned or should it be a franchisee school? Should the schools be owned by an individual or a group of individuals or should the school be a franchisee of an already popular school or society? The School Consultants will perform a serious study of both the models and will make it possible to understand which would be better.

Pre-primary School, Primary, Middle, Secondary or Senior Secondary?

A New Primary School in India should commence from Class 1 to Class 6 or Nursery to Class 6. This gives time for the school to gear up for the Middle School Syllabus Approval Inspection by CBSE. In the same year application for Middle School Syllabus, Approval is filed with the Board.

Application for Affiliation of Secondary Level is filed online a session before Class 9 commences, in the session when Class 8 commences. Subsequent to the inspection and grant of Affiliation, the school starts to prepare the launch of Senior Secondary classes. A session before the commencement of Class 11, application for up gradation to +2 levels is filed. In this way, a full-fledged school requires at least 7 years…

Read more Project Feasibility Study

The Secondary Education Boards in India

Affiliation Consultants in India provides the details about Secondary examinations and grant Pass Certificates conducted by different Secondary Education Boards:

• Central Board of Secondary Education, New Delhi
• Council for Indian School Certificate Examination, New Delhi
• International Baccalaureate, Geneva, Switzerland
• State Board of Secondary Education, States of India

The bye-laws of the different boards clearly explain how a school can be affiliated to the respective board. The boards guide the schools in matters of the land size, number of teachers required, their educational qualifications, the room sizes, the library requirements, the Science lab requirements, among other things.

Forming a Trust for Starting a New School

A Society or a Trust or a Section 8 Company only can start a school in India. To form a Trust, minimum two members are required, but there is no limit for the maximum numbers. All the members are called the Board of Trustees who are lifetime members unless specified.

Requirements for Opening A New School In India

Opening a new school in India , whether affiliated to CBSE, CISCE or IB Board requires a thorough study of the bye-laws. The many requirements may be confusing to a new promoter. First, a Trust/ Society/ a Section 8 Company is registered. Then a suitable piece of land, as per specifications are given in bye-laws, is bought or leased. The land use must be of Educational purpose and should be approved by a competent authority. Approved building plan following the specifications as mentioned in the bye-laws is the next step. When the first phase of the building is ready, furniture and fixtures are set in place. The recruitment of the Principal, teaching staff, admin staff, etc., is then undertaken.

Starting and managing a School requires a deep study of the Bye-Laws of the Board, the study of the NBA statutes, a study of what the other schools in the neighborhood are offering, a feasibility study, the financial implications, contact and liaison with different suppliers and vendors, etc. Nevertheless, the task is not impossible and with proper guidance a successful school is possible.

How to get CBSE Affiliation?

The most preferred education board in India is the Central Board of Secondary Education . To get the CBSE Affiliation , land of at least 2 acres is essential; the land may be procured on leased for at least 30 years. Trust or Society has to be formed, which must be a non-proprietary one. The construction of the school building should be in line with the requirements of the CBSE . The ratio of teachers and students, the qualifications of Principal and other staff according to the CBSE bye-laws must be strictly adhered to.

The first step in the Affiliation Process in India is to apply online to the CBSE. The Inspection Committee has then formed and on the basis of the IC, report Affiliation is granted.

How to get CICSE Affiliation?

The requirements of CISCE Affiliation are not different from the norms of CBSE . The statutory requirements from the State Education Department , too, remain the same. The CISCE is particular that the medium of instruction in the school is only English and the syllabus must condone to the plan laid down by the Council for Secondary and Higher Secondary stages. The infrastructure, teachers’ qualifications, etc. need to comply with the norms of the CISCE.

How to Name Your School?

When an individual or a group of individuals decide to open a new school , they would want to give an attractive name to the school. The name of the school must be in line with the mission and vision of the members of the society or Trust. The name must be catchy and should suit the thoughts and culture of the people where the school is situated. The spelling must be easy and a domain name should also be available. In India names of Gods, or the state in which the school is, and country’s names are taken as a school name.

How to Select the Most Suitable Land for a School?

The success of a school is determined by many factors, among which is a proper land for building a school. The land requirements for a CBSE affiliated school is at least 1.5- 2.0 acres and requires a registration or lease process in the name of the Society/Trust/Company 8.

It is favorable if it is in residential areas. The land shouldn’t be on a busy highway and must be free from pollution of all kinds. Land, over which high tension wires cross, is definitely unsuitable for a school. The minimum required as per the Board may be insufficient as the school grows. So there must be scope for expansion.

Thus, the most suitable land for building a school in India should be preferred for the safety of the staff and students.

What are the State Bye-Laws for Opening a School?

Every state in India has its own set of rules and regulations regarding school education. In a few states, for instance, the university deals with the +2 or Senior Secondary Education and in others, the same is dealt with the Education Board. The norms regarding land requirement, infrastructure , class strength, teacher requirement etc., may differ from state to state. Nevertheless, every school whether it plans to affiliate itself with any board needs permission from the state education department. A thorough study of the State Bye-laws would help in beginning a school easy and smooth

What should be ready before the School begins Functioning?

Once the Society or Trust is formed, the land is bought or leased, 1st phase of building construction is complete, furniture and facilities are in place then, the selection of Principal or Head of the School, teachers and other Administrative staff are recruited. Stationery and other sundry items, library books, lab equipment, sports equipment, computers, and digital learning equipment are then purchased.

Recruitment of Principal, Teachers and Administrative Staff

This perhaps is trickier than anything else in seeking up to a school- the Principal and Teachers! The Education Board of India selects the Principal on the basis of qualifications and experience. The minimum qualifications required are Masters in a school-teaching subject with a degree in Education. Experience of at least 5 years is a must in some administrative capacity.

Teacher’s Training

Teaching has ceased to be teacher-centric, it is now learner-centric. The curriculum does not prepare the teacher for what is required on the job front. Exposure to the electronic media has made children smarter. To cope up with the innovations in pedagogy, continuous training is a must for teachers. Training Sessions in India strengthens the confidence, motivates and deepens the knowledge of the teachers. School Consultants conduct regular training programs in India to prepare the teachers and customize their teaching to suit different ability groups.

Teacher’s training also helps schools as the academic standards of the school is raised and knowledge is imparted properly. Continuous training helps teachers to use techniques aid students who are unable to keep up with the rest of the class. The result is uniformity in performance and allows schools to keep their academic promises to the society

School Stationery

Home or school, stationery is required everywhere, only the size and quantity varies. Apart from the usual office stationery, classroom stationery like chalk and duster, there are many more things required. To name a few Admission and Withdrawal register, Students personal files, Staff personal file, Staff attendance registers, Students’ attendance registers, teaching plan registers, Marks registers, transport log registers, drivers’ logbooks, visitors’ registers, and others. Customized stationery brings uniformity and a style in presentation.

Why does a School need a Logo? How to select a Logo?

A logo, as defined by Wikipedia, “is a graphic mark, emblem, or symbol used to aid and promote public identification and recognition. It may be of an abstract or figurative design or include the text of the name it represents as in a word mark.”

Having a visual identity means having an effective tool for communicating the vision, values, and culture of a community. A logo is a symbol of what the school stands for.

Website of a CBSE Affiliated School

The Governing body of CBSE at its meeting held on 29th June 2010 resolved to make it mandatory for every affiliated school to develop their own website containing comprehensive information about the school and its management. The information to be provided on the website of the school includes affiliation status, details of infrastructure, names, and designation of teachers, class-wise, section wise, the strength of the students, address-postal, and email, telephone numbers, details of School Managing Committee to be updated before 15th September every year.

Required MIS Software

The success of any organization or institution is highly dependent on its Management Information System (MIS) which helps in taking the right decision at the appropriate time. In schools, the MIS is basically used to cover up the following service areas:

• Inquiry and Admission procedure
• Fee Accounting
• Attendance of students
• Library record maintenance
• Smart Class usage
• Examination and Result
• Communication with parents
• Teachers attendance
• Payroll of teaching and non-teaching staff
• Transport services
• Time Table planning

What is the School Managing Committee? How is it formed?

• CBSE Affiliated Schools must form a school managing committee (SMC). The members of the Committee take the active interest in the school and are empowered to make decisions for the smooth functioning of the school.
• The school managing committee should have a maximum of 21 members. Members of the Society/ Trust, the Head of the school are permanent members while the others serve for 3 years.

Essential Infrastructure

School buildings must follow the norms of the NBC and the requirements of the Education Boards. In general, the number of classrooms required initially will depend on how many classes and sections are going to commence in the first year. Apart from the classrooms, rooms for administrative purposes, the Principal’s room, a staff room, activity rooms, a composite Science Lab, a Library are the other rooms required. The classroom size must be 40 square meters. and Library must be of 112 square meters.

The rooms must be well lit and well ventilated. Basic facilities must be provided. Modern school buildings make special provisions for the physically handicapped students and staff. Either a ramp or an elevator is provided.

Deciding the Budget for the School

Budgeting is an essential exercise which every management does, whether a new school or an existing school.

Applying Loans for the School

If the promoters are looking for loans from any bank or any other financial institutions, the following factors need to be kept in mind:

• No bank will give the finance for more than 60 to 70% (approx.) of the project cost.
• The loan application is expected to be supported with necessary details of the proposed land, approvals and permissions for setting up of a school.
• For finance, the financial institution would be seeking a collateral security of the same or more amount against the loan being offered.
• A project report needs to be submitted with the 10-year roadmap, which includes the expected revenue and expenses along with the details of fulfilling the gaps in operating expenses in the initial few years.
• This project report would also include the details of capital and operation expenses for the first 10 years.

This is why you need an Experienced School Consultant

For the success of any project, an expert advice is always important and helpful, in terms of planning and executing the same in the best possible way with minimum expenses and maximum output. Hiring an experienced consultant makes it a very cost-effective option as the valuable advice and help in execution will surely be financially advantageous to the promoter.

It is in this and many myriad ways that a School Consultant in India helps in making a school successful.

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How To Start a Private Education Business in India

• How To Start a Private…

More Schools Needed in India Justify Private Education Business

Education is an essential aspect of continuous living. Without education, one may not be able to strive to survive. The Indian Government recognize this basic need and requires all children to enrol into a school. Public schools cover eighty per cent of the fundamental education needs in the country. The public schools are Government funded. Recently, India reformed its National Education Policy. The NEP 2020 will replace the previous National Policy on Education 1986. The new policy aims to revamp India into a vibrant knowledge society. With the new system in place, there seems to be a brighter future to start a private education business in India.

Encouraging Policy

The policy states that it desires to achieve one hundred per cent Gross Enrolment Ratio in school education by 2030. That is only ten years from now. If you are up to starting a private education business in India, now is the time to draw up the blueprint. Despite the government efforts to provide public-funded schools, more parents are also demanding for improved education quality. Hence, there is a market opportunity for enterprising educators to shoulder part of the load. Even if you are not an educator by professional training, having a passion to shape and mould the young into versatile individuals is sufficient.

Franchise or From Scratch

Whether you are an investor or is receiving huge investments to start a private education business in India, there are several ways to do it. You could get in touch with the franchise education business. This would be the most effortless start-up as everything from the business plan to the curriculum is ready for takers. Otherwise, you could have been a product of a high-class education yourself and wishes to impart that knowledge into your private school. There are also different levels of education that you could choose to open up a school from pre-school to primary and secondary levels.

The Necessities

The process to start a private education business in India can be intimidating, especially if you are foreign to the laws in India. Still, learning is a lifetime process; hence, here’s a guide to help you begin.

Like all matters in life, start with a plan. It is more vital for you to have a plan ready to start a private school. The wise decision is to draft a plan for ten years in advance. If you already have a plan, turn it into a formal format. This critical document will need to last the entire process.

Management Committee

It may be a business, but it needs a committee to get things off the ground. There is no way for you to this all on your own. The committee members should have good experience in education, legal , accounting , construction (if any) and business.

Critical Documents

As mentioned above, the business plan should already consist of why, where, how and when will the school commence. It should also state how the community can benefit from the school you intend to operate. Thus, it would help if you got this to the Department of Education to get a green light. If you have identified a specific area, you need to get an environment certificate. It is essential to ensure children will have a safe and secured environment to learn. There is also a need to acquire an affiliation certificate. Without it, students cannot attend public examinations or get accredited.

Land or Space

If you want to design a new school campus, you need to purchase land from the landowning agencies in India. Get in touch with the local authorities to find out more. You could also have the option to lease the ground with at least 30 years of the lease.

How to Start School in India: Guide to Open a School in India

How to Start School in India: A step by step guide to open a school in India

If you want to start business in educational sector and earn money, then you can make it profitable along with social services.

Do you want to start a school in India? If so, you’re in luck! This article will provide you with all of the information that you need to get started.

We will cover topics such as the types of institute that are available in India, the process for obtaining a license, and how to find students. We will also cover everything from choosing the right location to hiring teachers and setting up your curriculum.

So whether you’re an entrepreneur or an educator who wants to bring their school to India, this business idea column has got you covered!

How to Start School in India

Do you have a passion for education? Are you looking for an opportunity to make a difference in the lives of children?

If so, starting an educational institute in India may be the perfect venture for you! In this article, we will provide a comprehensive guide on how to open a school in India.

We will cover everything from choosing the right location to hiring teachers and setting up your curriculum. So, whether you are an experienced educator or just getting started, read on for all the information you need to start your own school in India!

Decide the type of the school you want to start

There are a variety of school types available in India, including public, private, and international schools. Public schools are government-run and are free for students.

Private institute are privately owned and operated, and tuition can be expensive. International institute schools are private institutes that offer an international curriculum.

The first step is to decide what type of institute you would like to open. These are privately owned and typically follow a curriculum that is based on the education system of another country, such as the United States or the United Kingdom.

Other types that are available in India include private, public, and boarding. Once you have decided on the type of school you would like to open, the next step is to obtain a license from the Indian government.

Proposal and Business Plan

Opening a school in India can be a very rewarding experience. With the right planning and execution, you can start your educational venture that will make a difference in the lives of children.

If you are planning on opening an educational startup in India, it is important to develop a good business plan. This business plan should include:

• A detailed description of your venture
• Your target market
• Your marketing strategy
• Your financial projections
• Your management team

It is also important to consult with an experienced education consultant. This consultant can help you navigate the process of starting a school in India.

Choosing the right location

Choosing the right location for your educational venture is an important decision. You will need to consider factors such as the size of the premises, the proximity to other schools, and the availability of transportation.

Obtain License

The process for obtaining a license can be quite lengthy and complicated. However, it is important to make sure that your startup is properly licensed in order to avoid any legal issues down the road.

It is important to start the process as early as possible. The first step in the process is to submit an application to the Education Development.

Once your application has been approved, you will need to obtain a No Objection Certificate from the Department of Education. After you have received your No Objection Certificate, you will be able to apply for a school license from the Board of School Education.

Hire teachers and Staff

Hiring teachers and staff is another important task that you will need to complete when starting an educational institute in India. It is important to hire qualified and experienced teachers.

You can post job advertisements in local newspapers or online classifieds websites. You can also contact education agencies to help you find suitable candidates.

Design you curriculum

Setting up your curriculum is an essential part of starting an educational institute in India. You will need to design a curriculum that is appropriate for the age group of your students. You will also need to choose textbooks and other teaching materials.

Applying for Recognition and Affiliation

Once your educational startup is up and running, you will need to apply for recognition and affiliation from the appropriate government agencies.

The process for applying for recognition and affiliation can be quite complicated, so it is important to start the process as early as possible.

The first step is to submit an application to the Education Development. Once your application has been approved, you will need to submit a No Objection Certificate from the Department of Education.

After you have received your No Objection Certificate, you will be able to apply for recognition and affiliation from the Board of School Education.

After your educational institute has been recognized and affiliated, you will need to obtain a school code from the Department of Education.

Once you have received your code, you will be able to apply for accreditation from the National Accreditation Board.

Find students

Once you have setting up your curriculum, it is time to start looking for students! When it comes to finding students for your educational startup, there are a few options.

You can post announcements in local newspapers or on online classifieds websites. You can also contact local businesses and ask if they would be interested in sponsoring students from your institute.

One of the best ways to market your new institute is by reaching out to local businesses and organizations and offering them educational discounts.

You can also hold open houses and information sessions to attract potential students and their families. And finally, don’t forget to list your school on popular education websites and directories.

Starting an educational institute in India can be a daunting task, but it is also an exciting opportunity. By following the steps outlined in this article, you will be well on your way to opening your own institute in India!

Now that you know how to start a school in India, it’s time to get started! Use this guide as a resource as you begin the process of setting up your own institute.

This article has provided you with all of the information that you need to get started. We have covered topics such as the types of schools that are available in India, the process for obtaining a license, and how to find students.

We have also covered everything from choosing the right location to hiring teachers and setting up your curriculum.

So whether you’re an entrepreneur who is looking to start your own school or an educator who wants to bring their school to India, this business idea column has got you covered!

How much money does it take to start a school?

This is a difficult question to answer because it depends on so many factors. The size, the location, types (private, public), and the curriculum are just a few of the things that will affect the start-up costs. That being said, it is possible to give a rough estimate.

Can I get loan to start a school in India?

Yes, you can apply for a loan to start a school in India. The process is similar to starting any other business in India. You will need to submit a business plan and other necessary documents to the bank. You can find List of Private Sector Banks in India and List of Government Banks in India (Nationalised Banks)

What are some of the things I need to do to start a school?

you will need to: – Find a suitable location – Hire qualified staff – Develop a curriculum – Obtain necessary licenses and permits – Marketing your school

Any Qualification required to open a school in India?

There is no specific qualification required to open an educational institute in India. However, it is important that you have some experience in the education field. This will help you develop a good business plan and hire the right staff.

Can I Get Subsidy for opening school in India?

The government of India offers several subsidies for opening a school in India. These subsidies can help reduce the start-up costs of your startup.

What are the benefits of starting a school in India?

There are many benefits of starting a school in India. Some of these benefits include: – The Indian education market is growing rapidly. – There is a demand for good quality schools in India. – It can be a very rewarding experience.

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How to Start a New School in India?

Starting a new school in India can be a daunting task, but it can also be incredibly rewarding. At Class ON, we offer a comprehensive School Startup Pack to help you get started. Our School Startup Pack includes everything you need to start a successful school, from school name consultation to website design to ERP software.

Here is a comprehensive guide on how to start a new school in India:

1. decide on the type of school you want to start..

There are many different types of schools in India, including private schools, government schools, and international schools. You will need to decide on the type of school that you want to start based on your educational philosophy and the needs of your community.

Some factors to consider when choosing the type of school you want to start include:

• The age range of students you want to serve
• The type of curriculum you want to offer
• The language(s) of instruction you want to use
• The tuition fees you want to charge

2. Choose a location for your school.

The location of your school is important for a number of reasons. You will want to choose a location that is easily accessible to your students and their families. You will also need to make sure that the location is zoned for a school.

Some factors to consider when choosing a location for your school include:

• The proximity to residential areas
• The availability of public transportation
• The safety of the neighborhood
• The cost of land and rent

3. Develop a business plan.

A business plan is essential for any new business, including a school. Your business plan should include the following:

• Your school’s mission, vision, and values
• A description of your school’s curriculum and programs
• A financial plan that outlines your startup costs and projected revenue
• A marketing plan that outlines how you will promote your school to potential students and their families

4. Obtain the necessary permits and licenses.

You will need to obtain the necessary permits and licenses from your local government before you can open your school. The specific requirements will vary depending on the type of school you are starting and the location of your school.

Some of the most common permits and licenses that you will need include:

• A business license
• A fire safety certificate
• A building permit
• A health and safety permit

5. Hire qualified staff.

Your school’s staff is one of its most important assets. You will need to hire qualified teachers and other staff members who are committed to providing a quality education to your students.

When hiring staff, look for candidates who have the following qualifications:

• Relevant educational qualifications and experience
• A passion for teaching and learning
• A commitment to your school’s mission and vision

6. Promote your school.

Once your school is ready to open, you will need to promote it to potential students and their families. You can promote your school through a variety of channels, such as:

• Advertising in local newspapers and magazines
• Creating and distributing brochures and flyers
• Promoting your school on social media
• Organizing open houses and other events

7. Provide a quality education.

The most important thing is to provide a quality education to your students. This means offering a challenging and engaging curriculum, as well as hiring qualified and experienced teachers. You should also create a supportive and inclusive learning environment where all students can succeed.

Additional Tips for Starting a New School in India

Here are some additional tips for starting a new school in India:

• Network with other schools.  There are many other schools in India that have faced the same challenges as you. Networking with other schools can help you learn from their experiences and get advice on how to start your own school successfully.
• Join educational associations.  There are a number of educational associations in India that support schools and educators. Joining an educational association can help you stay up-to-date on the latest trends in education and get support from other educators.
• Seek out government funding.  The Indian government offers a number of funding programs for schools. You may be eligible for funding to help you start your school or to support your school’s operations.
• Be patient and persistent.  Starting a new school takes time and effort. Don’t get discouraged if you don’t see results immediately. Just keep working hard and providing a quality education to your students, and you will eventually be successful.

How We Can Help You Start a New School

If you are interested in starting a new school in India, we can help you every step of the way. We offer a variety of services to help schools get started, including:

• School name and tagline consultation:  We can help you develop a unique and memorable school name and tagline.
• Logo design:  We can create a professional logo for your school that will help you build your brand.
• Flex and hoardings designs:  We can design eye-catching flex and hoardings to promote your school.
• Social media account setup:  We can help you set up social media accounts for your school and develop a content strategy.
• WhatsApp business setup and training:  We can help you set up a WhatsApp business account and train your staff on how to use it to communicate with students and parents.
• Social media poster designs:  We can design creative and informative social media posters to help you promote your school.
• Google location setup:  We can help you set up your school’s Google location so that potential students and their families can easily find you.
• Paid VIP number for helping:  We can provide you with a paid VIP number that you can use to provide customer support to your students and parents.
• Business Cards and E-Business Card:  We can design and print professional business cards and e-business cards for your school staff.
• Website design and development:  We can design and develop a professional and informative website for your school.
• SEO for website:  We can optimize your school’s website for search engines so that potential students and their families can easily find you.
• Verified Listing on Class Hud:  We can help you get your school listed on Class Hud, India’s first educational search portal.
• Promotional Videos:  We can create promotional videos for your school to showcase your school’s mission, vision, and values.
• Class ON School ERP software :  We can provide you with Class ON School ERP software to help you manage your school’s operations efficiently. Click Here for best school erp software in India
• Premium quality waterproof ID cards:  We can provide you with premium quality waterproof ID cards for your students and staff.
• Team guidance and support:  We will provide you with team guidance and support throughout the school startup process.

And much more!

We work closely with you to understand your vision for your school and to develop a customized School Startup Pack that meets your specific needs. We are committed to helping you start a successful school that will make a difference in the lives of students. Click Here for School software

Contact us today to learn more about the School Startup Pack and how we can help you start your school.

Contact us now: +91 90237 90237

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Affordable School ERP Software: The Affordable Way to Streamline Your School Operations

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School Business Plan Template

Written by Dave Lavinsky

School Business Plan

Over the past 20+ years, we have helped over 500 entrepreneurs and business owners create business plans to start and grow their schools.

If you’re unfamiliar with creating a school business plan, you may think creating one will be a time-consuming and frustrating process. For most entrepreneurs it is, but for you, it won’t be since we’re here to help. We have the experience, resources, and knowledge to help you create a great business plan.

In this article, you will learn some background information on why business planning is important. Then, you will learn how to write a school business plan step-by-step so you can create your plan today.

Download our Ultimate Business Plan Template here >

What is a School Business Plan?

A business plan provides a snapshot of your school as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategies for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan for a School

If you’re looking to start a school or grow your existing school, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your school to improve your chances of success. Your school business plan is a living document that should be updated annually as your company grows and changes.

Sources of Funding for Schools

With regards to funding, the main sources of funding for schools are donations and gifts, tuition, personal savings, credit cards, bank loans, and angel investors. When it comes to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to ensure that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business. Personal savings and bank loans are the most common funding paths for schools.

Finish Your Business Plan Today!

How to write a business plan for a school.

If you want to start a school or expand your current one, you need a business plan. The guide below details the necessary information for how to write each essential component of your school business plan.

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your executive summary is to quickly engage the reader. Explain to them the kind of school you are running and the status. For example, are you a startup, do you have a school that you would like to grow, or are you operating a chain of schools?

Next, provide an overview of each of the subsequent sections of your plan.

• Give a brief overview of the school industry.
• Discuss the type of school you are operating.
• Detail your direct competitors. Give an overview of your target customers.
• Provide a snapshot of your marketing strategy. Identify the key members of your team.
• Offer an overview of your financial plan.

Company Overview

In your company overview, you will detail the type of school you are operating.

For example, you might specialize in one of the following types of schools:

• Private K-12 school : this type of school typically charges tuition, and may be affiliated with a religious organization, or specialize in a particular learning method.
• Charter school: this type of school offers primary or secondary education for a tuition, and may receive some public funding, and/or donations. These schools require their students to take state-mandated exams.
• Special subject school: this type of school specializes in teaching a specific subject, such as driving, first-aid, self-defense, fine arts, language, or general tutoring.
• Preschool: this type of school typically serves children who are aged 3 and 4. These schools prepare young children to enter formal education, and are funded by some combination of tuition, donations, and government grants.

In addition to explaining the type of school you will operate, the company overview needs to provide background on the business.

Include answers to questions such as:

• When and why did you start the business?
• What milestones have you achieved to date? Milestones could include the number of students served, the number of students accepted into elite formal education institutions, etc.
• Your legal business Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

In your industry or market analysis, you need to provide an overview of the school industry.

While this may seem unnecessary, it serves multiple purposes.

First, researching the school industry educates you. It helps you understand the market in which you are operating.

Secondly, market research can improve your marketing strategy, particularly if your analysis identifies market trends.

The third reason is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section of your school business plan:

• How big is the school industry (in dollars)?
• Is the market declining or increasing?
• Who are the key competitors in the market?
• Who are the key suppliers in the market?
• What trends are affecting the industry?
• What is the industry’s growth forecast over the next 5 – 10 years?
• What is the relevant market size? That is, how big is the potential target market for your school? You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

The customer analysis section of your school business plan must detail the customers you serve and/or expect to serve.

The following are examples of customer segments: families with elementary-aged children, families with high-school-aged children, families with preschool children.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of school you operate. Clearly, families with high schoolers would respond to different marketing promotions than families with preschoolers, for example.

Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, including a discussion of the ages, genders, locations, and income levels of the potential customers you seek to serve.

Psychographic profiles explain the wants and needs of your target customers. The more you can recognize and define these needs, the better you will do in attracting and retaining your customers.

Finish Your School Business Plan in 1 Day!

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With Growthink’s Ultimate Business Plan Template you can finish your plan in just 8 hours or less!

Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other schools.

Indirect competitors are other options that customers have to purchase from that aren’t directly competing with your product or service. This includes public schools, virtual schools, and families who do homeschooling. You need to mention such competition as well.

For each such competitor, provide an overview of their business and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as

• What types of students do they serve?
• What type of school are they?
• What is their pricing (premium, low, etc.)?
• What are they good at?
• What are their weaknesses?

With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to ask your competitors’ customers what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

• Will you provide specialized instruction, either in subject or in method?
• Will you offer courses or services that your competition doesn’t?
• Will you provide better customer service?
• Will you offer better pricing?

Think about ways you will outperform your competition and document them in this section of your plan.  

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a school business plan, your marketing strategy should include the following:

Product : In the product section, you should reiterate the type of school that you documented in your company overview. Then, detail the specific products or services you will be offering. For example, will you provide religious-focused K-8 education, college preparatory courses, or single-subject instruction like driving or fine arts?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your plan, you are presenting the courses and/or extracurricular activities you offer and their prices.

Place : Place refers to the site of your school. Document where your company is situated and mention how the site will impact your success. For example, is your school located in a growing neighborhood, in the city center, or will you operate purely online? Discuss how your site might be the ideal location for your customers.

Promotions : The final part of your school marketing plan is where you will document how you will drive potential customers to your location(s). The following are some promotional methods you might consider:

• Advertise in local papers, radio stations and/or magazines
• Reach out to websites
• Distribute flyers
• Engage in email marketing
• Advertise on social media platforms
• Improve the SEO (search engine optimization) on your website for targeted keywords

Operations Plan

While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your school, including answering calls, planning and delivering instruction, applying for grants, fundraising, performing administrative tasks, overseeing instructors, handling discipline, scheduling and monitoring extracurricular activities, etc.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to enroll your Xth student, or when you hope to reach $X in revenue. It could also be when you expect to expand your school to a new city.  

Management Team

To demonstrate your school’s potential to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.

Ideally, you and/or your team members have direct experience in managing schools. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act as mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in running a school or experience with public school administration or who has served on a public school board.  

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet, and cash flow statements.

Income Statement

An income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenue and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you enroll 100 or 1,000 students per semester, and/or offer extracurricular activities? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets

Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your school, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a lender writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement

Your cash flow statement will help determine how much money you need to start or grow your business, and ensure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt.

When creating your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a school:

• Cost of equipment and supplies
• Payroll or salaries paid to staff
• Business insurance
• Other start-up expenses (if you’re a new business) like legal expenses, permits, computer software, and equipment

Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your school location lease or a list of elective courses or extracurricular activities you will offer.  

Writing a business plan for your school is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will understand the school industry, your competition, and your customers. You will develop a marketing strategy and will understand what it takes to launch and grow a successful school.  

School Business Plan FAQs

What is the easiest way to complete my school business plan.

Growthink's Ultimate Business Plan Template allows you to quickly and easily write your school business plan.

How Do You Start a School?

Starting a school is easy with these 14 steps:

• Choose the Name for Your School
• Create Your School Business Plan
• Choose the Legal Structure for Your School
• Secure Startup Funding for Your School (If Needed)
• Secure a Location for Your Business
• Register Your School with the IRS
• Open a Business Bank Account
• Get a Business Credit Card
• Get the Required Business Licenses and Permits
• Get Business Insurance for Your School
• Buy or Lease the Right School Equipment
• Develop Your School Business Marketing Materials
• Purchase and Setup the Software Needed to Run Your School
• Open for Business

Learn more about   how to start your own school .

Don’t you wish there was a faster, easier way to finish your School business plan?

OR, Let Us Develop Your Plan For You

Since 1999, Growthink has developed business plans for thousands of companies who have gone on to achieve tremendous success.   Click here to learn about Growthink’s business plan writing services .

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[Start-it-up] How to Start a Playschool If you are passionate about teaching and hold prior experience in early childhood education, this is the perfect opportunity for you to become an edupreneur

By Shipra Singh Jan 27, 2020

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Playschools are a very popular business idea in the education sector. So if you are passionate about teaching and hold prior experience in early childhood education, this is the perfect opportunity for you to become an edupreneur.

What is a playschool

A pre-school or better known as a playschool mainly caters to children aged between 2 and 4 years. As the name suggests, playschools offer a mix of learning and playing to very young children and help them develop social skills and learning-capabilities.

How to get started

You can either start your own playschool or take franchise of a popular playschool brand, like Kidzee, EuroKids or Bachpan etc. Opening a franchise doesn't require much planning as the parent company will set the guidelines for setting up and running the school. However, it comes with higher costs. Whereas if you want to start your own pre-school, you will need to manage everything yourself, from marketing to branding to designing your own curriculum. But, don't fret as setting up a playschool is not that cumbersome as it may sound.

So to start, identify a location for your pre-school. You will need around 1,000 sq ft area for a school that can accommodate up to 60 children. We suggest that you locate your school in a residential area because parents prefer sending their kids to playschools in near vicinity.

Now let us understand the permissions and guidelines for starting a pre-school business. Once you have decided the location, you must get a no objection certificate (NOC) from the society for running the playschool. For staffing, early childhood guidelines mandate one teacher or a trained professional for every 20 students. One important thing to note here is that if you want to teach in your own school, you will need a B.Ed degree or a diploma in pre-school teaching programme or an equivalent degree for the same.

Next let us move on to the investment required for setting-up the school.

Investment Required

You will require an initial investment for setting up your business, while other costs will be ongoing operating expenses. For setting up, furnishing and decorations will require you to shell out Rs 60,000-70,000. Setting up the play area with toys and other play equipments can cost you up toRs 1 lakh, whereas educational materials and learning tools in classes will be INR 25-30,000.

As for operational costs, rent of your play school will be between INR 30,000-35,000. Electricity and water bills can amount to about INR 20,000 per month. The major chunk of your operating costs will be on staffing, which will be around INR 80,000 for 3 teachers and 2 assistants. Of course, if you teach yourself, you can save on this cost to a great extent. Also, you may not have to hire more than one teacher in the beginning until your student count exceeds 20.

Next, you will spend INR 12,000-15,000 on marketing every month until you get enough students onboard, that can easily take up to 6-8 months.

Like we said earlier, starting a play school yourself works out cheaper compared to starting a franchise. Most popular playschool brands ask for a one-time investment of Rs 12 to 13 lakh, which is much higher than the costs we have just

Your source of revenue will be the fees charged to students, which will depend on the kind of services you provide. For a regular playschool that offers learning activities and a play area, monthly fees per student can range from INR 2,000-2,200. If you want to provide day care services and meals, you can charge upwards of INR 3,500 per student. Along with the monthly tuition fee, students will also pay a one-time admission fee that can range between INR 15,000-20,000 per student.

So after you have 60 regular students attending your school, you can easily book a profit of 30-35% on the total revenue.

Like any other business, the first year can be slow in terms of profit generation. That said, pre-school business is also one of the few recession proof business ideas as no parent will ever compromise on their kid's education. So once your business takes no matter what, your business will always flourish.

Entrepreneur Staff

Freelance Journalist

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There is a thin line of difference between the dreamers and the Doers. Today, if you have taken an interest in how to start a startup in India, you have taken that leap of faith to become a Doer. 

A startup is just growing a crop. You need to sow the seed, nurture it, give it the right set of conditions, and take good care. In the end, you will reap the fruits of your labor.

This brings us to the question, how to start a startup in India? 

Don’t worry, that is exactly why we are here. What follows is a comprehensive guide listing all the steps to do it. We will talk about ideas, networking, partnerships, legalities, funding, building your startup, and growing it. 

In every section, you will find a load of links to useful resources. More importantly, the whole debate will be focussed on the Indian Startup Ecosystem. 

Surely, India may not be the first choice of starting a startup, but it is certainly rising to the occasion. With this in mind, let’s begin our amazing journey together from the first step, The Basics. 

Chapter 1: The Basics

According to Indian startup governance , a startup is an entity that is younger than 7 years with an annual turnover of less than INR 250 Million. More importantly, it must be registered in India. 

Behind every startup, there is a story. This story has one or more than one person who is inspired to bring about a change in society. Startup founders are connected with their idea very deeply. They work on this idea, mold it, and shape it to form a useful product or service. 

In technical terms, a startup personifies a young company that is established by entrepreneurs. These entrepreneurs are looking for various sources of funding to launch their product and develop it into a business. 

But, how did the startups come into existence? The first evidence of startups is linked to Silicon Valley. But the fact is that we cannot place the pin on a particular year.

Defining startups is not straightforward. Different economies have accorded a different definition to a startup. Where India has set 7 years as the benchmark, Europe has set it at 10 years. In the USA, startups are called a shoestring operation, meaning something that starts with a tight budget. 

Similarly, there is no direct way to tell when was the first startup launched. A book named Silicon Valley Fever traces the startup origin to 1976. 

But, the word startup was used first in a Forbes article back in 1976. So, all things point to the era of the 1970s as the origin of the concept of startups. 

History of Startup in India

Since we are on the topic of how to start a startup in India, it is important to know when India saw the emergence of these young companies. 

The emergence of startups is linked with entrepreneurship. In India, the entrepreneurial spirits were low before Independence. Those who wanted to go down this road were confined to several impractical rules and regulations. 

After Independence, the Indian economy’s dream to become self-reliant did act as fuel for the entrepreneurs. Added to this, the newly found freedom provided confidence and cleared a path for the entrepreneurs. 

However, in this era, the primary focus was on developing large scale industries so that the economy could thrive with the help of the Trickle-Down Effect. 

But after the Liberalization reforms, the concept of startups began taking shape. As the Indian economy started to realize the benefits of privatization. Interestingly, the real spike in the startup ecosystem was realized after the 2008 recession . 

Some Facts about Indian Startups:

Here are some facts you must know about the Indian Startup ecosystem :

Moving forward, when we talk about the top startups in India , names like Paytm, Flipkart, Zomato, Ola, Cure.Fit cannot be missed. These are the applications that have picked India up from a lower position and taken it to the top spot in the startup ecosystem of the globe. 

Every startup that has become successful was not able to achieve it overnight. Becoming a success and transcending from every single stage of a startup is a gradual process. An amazing anecdote for this gradual expansion is Salesfusion. 

The founder of Salesfusion shares his success story of how he failed 3 times before building a startup that generates $400K per month in revenue today. Harishanker’s story is one of the aptest personifications of how to start a startup in India. 

Did you note the point where it said that Harishanker failed 3 times?

In every startup ecosystem, failure is as much a part as it is a success . But, don’t be discouraged or disheartened. You can ask any entrepreneur, and they will proudly tell you their failure story. Before a success story, there is always a failure story. 

If you treat failure like a stepping stone, you will always know how to move up. 

Now that we have established the outer lining of building a startup company in India, let’s move on to understand the innate fabric. Before you hire people, or rent a space, or even ask for funding, what you do have except for one idea. 

Every startup begins with one idea backed by a vision, and with that vision, we can build an empire. But, let’s focus on the idea first. 

Chapter 2: The Idea

The key to every successful business lies in a unique idea. Now, how can you get an idea about beginning a startup? What made Jamsetji Tata go on finding one of the best motor giants in the world? What led Dhirubhai Ambani into setting up a company whose current value is in billions?

You will find one thing common if you take a closer look at all these industries and their founders and that is they understood an issue that many people around them had. They analyzed the problem and worked on a solution. That’s how they started!

How to Hunt for a Startup Idea?

Here’s a quick 3-step process to identify great ideas for your startup company in India, similar to the process Tata and Ambani probably carried out:

• Look for problems : The key to getting ideas is to look for every small or big problem in your daily life. You can note these problems on paper or a notebook for the record. Go through these problems every day to find that one idea that will bring out the best result. Here are some of the startup ideas that may ring some bells.
• Find a problem that messes with your mind : While going through your list of problems, look for those that interest you more . For example, if you love to do craftwork, look for a problem that consists of decorative items. Business is not only about making a lot of money, but it also involves the factor of passion and interest. Do what you love to do and that will turn out to be your greatest success.
• Find an innovative solution : Well, if you have a problem that you can solve, and it is also of interest. It is crucial for you to look for an out of the box solution . For example, everyone can use a hammer to drive nails into the wood, but a nail gun makes it much easier and faster. Just like that, do your research about the solutions to the problem that is already there (if any) and find a better one.

You may also want to read our article on How to Get Startup Ideas .

How to Analyze your Solution?

You have found a problem: people love downloading videos from Instagram but it’s hard to do it. You’ve thought about a solution: an app that helps them do that.

How do you know that solution is the correct one? Here’re some things you should continue to research:

1. Product or Service Analysis

Well, the very first thing that you need to check is what your product offers the people . There might be some similar products in the market that tend to offer the same services as you. Hence, as mentioned above, you need to make your product or service a bit unique. India is a densely populated country, so your product quality matters a lot.

For example, if you are developing a video download app for Instagram, you can also add other platforms. This means that you can add the ability to download videos from Youtube, Facebook, Vimeo, etc.

2. Does the Market Need your Product or Service?

This is also one of the crucial questions to ask yourself. After all, if your product or service is not liked or required in the market, it will be a dead-end for you. So, you need to make sure that your product or service is essential for the people. 

If we take the same example, a lot of people love to download and share content from Instagram. So, if you conduct a comprehensive research of the market (included in detail in the next section), you will get an idea about the demand for the product you are about to develop.

3. Are you Enjoying What you are Doing?

At last, all of this is not going to last long unless you love it by your heart. Many of us have tried to work on a startup but could not carry it forward. The only reason behind this is the lack of interest and passion for it.

For example, if you are not fond of coding, then building an app may not work well for you. So, try working on developing a product or service that you are passionate about. Here are some benefits of doing something that you love .

Validating the Idea

So far, you have thoroughly analyzed your solution. Now, it is time to closely analyze the market. This means that you need to make absolutely certain how your product will perform in the market.

1. Thorough Market Research

This section includes all the necessary measures to make sure your product or service in the market is new and unique. Here are some of the key points.

• Make a brief layout of your product that includes its features, its uses, its audience, its benefits, etc.
• Search for similar products on the web to know the level of competition.
• If you find some of the similar products on the web, make sure you cross-check every aspect to find any similarity.
• Refer to customer reviews to know more about the low sides of the products; you can improve them in your product.

2. Interact with the Audience

This is the most fruitful aspect of the process. You will get to know some new things from the customer’s point of view. 

• You can refer to various online forum websites to know about the customer’s issues regarding the existing products.
• Make an online survey to know about the user’s expectations, features that they want in the product. Some websites will help you build surveys like KeySurvey , Typeform , Survey Monkey , Gosurvey.in , and Google Trends , etc.
• Harness the power of social media by gathering reviews from your social circle. Discuss your idea with your known ones and know-how they would like the product to be.

There is no perfect trick to know how your idea will perform in the market. You can only test and check if it works. Some of the budding entrepreneurs have faced a lot of failures before getting to the point they are today.

To get a more clear picture of it, here is a perfect validation story . This guy started pre-selling his product to know if people were interested in his solution or not. Through this method, he made a whopping $4000 without even having the product!

Build a Minimum Viable Product (MVP)

Finally, here is the part where you will be actually working on your product. Now, the first question most of you will be having is:

What is an MVP?

An MVP is expanded as a Minimum Viable Product. It is actually the most basic version of your product (which should be built quickly and cheaply) which aims to validate if there’s interest and people are willing to pay for it.

Some of you may confuse an MVP with Prototype. While an MVP is actually a product that will be used by your audience, a prototype is just a draft of your idea.

Why is an MVP Required?

It brings several advantages:

• Saves time and money : MVPs have only the basic features, which means they are easy to develop and require low capital investment. If you see the product doesn’t work well in the market, you can quickly shut it down and move to something else, saving you a lot of time and money.
• Customer feedback : Releasing the MVP is a great way to hear your user’s feedback and build more features based on their needs and not what you think they need.
• Generate early leads : Many of your MVP testers may become customers later on. They’ll feel as if they have contributed to your product so they will be more willing to pay for it, rather than go with your competitors’ solution.

How to Build an MVP?

We have a detailed article explaining how to build an MVP . 

If you don’t like coding, there is no need to worry. You can easily build an MVP from your business idea without coding. Here’s a course that teaches how to do it.

Formulate a Business plan

A business plan plays an indispensable role when starting a startup. It is business plan is a written document that includes all the necessary aspects of the business, like, business goals, business strategies, the time frame of goals, details about profit and loss, finances, marketing methodologies, etc.

Some of the detailed aspects of a business plan include:

• A brief summary of the business that includes all the major points.
• Overview of the business: legal structure, type of business, means of business, location, and more.
• A proper plan of operations.
• Analysis of the market.
• Details about the products and services.
• A detailed analysis of the market competition.
• Information about the management team.
• Financial plan.
• Future goals and projections.

Name of the Startup

Naming your startup may seem like an easy thing, but it is not. Here’re some considerations:

• Choose a name that resonates with your business.
• Take care of the keywords.
• Make it easy to say and understand.
• Understand the psychology behind the name.
• Prevent long names.

Here is a 10-step guide on naming your startup .

Startups and companies are run by people. You need to be careful while choosing people for your firm. The coming chapter will explore all the necessary factors that you need to keep in mind while choosing people for your firm.

90% of startups fail. Learn how to not to with our weekly guides and stories. Join 40,000+ founders.

Chapter 3: People

As a startup founder, this question might have popped up in your brain. Who can I ask to be my partner in crime? Sometimes, when two people come together, they bring in a great amount of value and experience to the team. 

How to get a Great Co-Founder?

While finding a great co-founder assure that he/she has a different skill set as compared to yours. This way, both of you can contribute equally to the startup. The combined contribution of both the co-founders will ultimately benefit the startup. 

Let’s consider that you are a developer and have an idea for an innovative product. But, when it comes to negotiations, understanding the legalities, or even hiring people, you may not be too good there. 

If your co-founder is also bereft of these qualities, both of you will end up spending the limited amount of capital on hiring new people. And capital is one of the most important factors that play a role in the startup’s survival.

What to Consider When Getting a Co-Founder?

India is gradually becoming a startup-friendly nation and there are several factors to portray the changing scenario. As we progress, more and more youngsters are eager to launch their own startups.

Parenthesis over here: The question of how to start a startup in India has nothing to do with age. Anyone who has a basic understanding of managing things can do it. There are a plethora of options out there, no matter if you are a school/university student ( here are some business ideas for you if you’re a student ), a graduate, a part-time worker, etc.

More and more people are entering the startup ecosystem which means that it’s every year easier to find another person willing to run a startup along with you. Global Entrepreneurship Index (GEI) portrays the entrepreneurial environment of a nation and the 2018 GEI puts India at 67th position out of 137 nations. This may be a lower rank relative to other nations, but when compared to India’s position in 2017 (96), it is somewhat better. 

Some considerations you must take when looking for a co-founder:

Consideration 1: Trust

Both you and your co-founder will have to build a strong and balanced working relationship. If you want to see the end of the line, it is important to trust each other. 

So, for you, the first question is, “Can I trust this person?” 

There is no easy answer to this because building trust or taking someone as trustworthy does not come with one look or meeting.

But a great thing about humans is that we have something called a “Gut Feeling.” This particular emotion will certainly help you answer many questions along the startup journey.

So, if you meet a potential co-founder and find that something is not right or feel that you cannot build a strong working relationship with this person, back away.

Consideration 2: Skillset

We have already talked about it in brief above. Keep an eye on the skillset of your potential co-founder and ensure that they complement your skillset. 

If you have some weaknesses, your co-founder must be able to balance it out. The right balance does not mean that you need to choose someone entirely opposite from you. Rather, choose a person who aligns with your personality along with having a different skill set. This brings us to the next point. 

Consideration 3: Personality

Your personality should match with your co-founder, and there are many reasons for this. Establishing a startup company in India is taxing and stressful.

In that case, you will need someone with whom you can fraternize in those tough times. And that will only be possible if both the founders have a matching personality within and outside of the office. 

Consideration 4: Honesty

There was a time when people used to believe in “Honesty is the best policy.” Things are somewhat different today. 

So, it is important to know the honest levels of your co-founder before starting to associate. There are many other things apart from leaking cash out of the company funds. 

As a company’s founder, you need to have some morals, some values that personify your vision and mission. Swaying away from these also amounts to dishonesty and a breach of trust. 

How to Find a Co-Founder?

Now that you know the primary considerations you need to consider when looking for a co-founder, let’s move on to the process of actually finding one. 

• Your personal sphere : You can note down the duties and responsibilities of your desired partner and look in your personal sphere for someone that fits these characteristics. 
• Co-founders networking : Similar to the methods you use for finding investors, you can also find co-founders. The startup India hub is evolving, and you will be able to attend many events and summits targeted towards building and connecting the startup ecosystem. 
• Meeting the founders online: Apart from the events and summits, there are many other places where you can find your ideal co-founder . These are social media platforms, dedicated founder matchmaking websites, and hackathons. 

Co-founding with Friends: 

It is entirely possible to co-found a startup with your friends. But there are risks involved. 

• Firstly, you may think that you know your friend very well, but as you both work together, discuss things together and deliberate over some issues, you will get to know other facets of each other. In the course of time, you may realize that you may have not know your friend that well. This can create some problems in the future.
• When you work with a friend, discussions like money and commitments to the job are taken lightly. Don’t do that. Keep everything on the table. If you decide to go down this path, make sure that you set boundaries both personally and professionally. 

You may also want to read our guide on How and Where To Find a Co-founder .

Building a Team

“The secret to successful hiring is this: look for the people who want to change the world.” This quote by Marc Benioff summarises the process of hiring good people to work with you. 

A great team is vital for your startup’s growth. A 2013 study found that 60% of startups have to face the dust because the team was not right.

While building your dream team that will help you reach the apex level of success, you need to consider these points. 

• Self-assessment: You are that thread which is connecting everyone on your team. So, it is best to do a self-assessment first before moving ahead. Self-awareness will get you unprecedented success because you will know your strengths and limitations to work accordingly. 
• Identify the main roles : Apart from your skillset and your co founder’s, assess which other important roles are essential for your startup. The ideal rooster for your team will also depend on the type of product or service.You may need an amazing designer, developer, marketer, and an executor are some common roles.
• Build a startup culture: Let’s get one thing straight, startups don’t pay well. Startups in India or in any other country have a limited amount of capital at their back. Hence, they need to spend that money wisely which also means hiring good people, but at a lower remuneration. So, what makes people stick? The answer is a startup culture . A good culture will ensure higher employee retention, a self-motivated environment, and a productive workforce. 
• Hiring and Recruiting : India has a wide talent pool, and you will find a lot of suitable candidates to work with. However, you must know where to look and what is the right hiring strategy. 

When it comes to finding the candidates, platforms like LinkedIn , Glassdoor , Placement India , Indeed , and Naukri are preferable.

After team building, the next step is looking at the legal side of the venture. 

Chapter 4: Legalities

Understanding the legalities of starting a company in India has to be done at the proof of concept stage. Some startups do not take these considerations seriously and end up making legal mistakes that hurt them badly . 

Indian startup registration can be done both online and offline.

How to Register a Startup in India Online

There are two things to note here: one is incorporating your startup and second, registering it under the Startup India Program. Incorporating a startup or a company includes obtaining the Digital Signature Certificate and Directory Identity Number. 

Once your startup is incorporated, you become eligible to enlist it with the Startup India Program. We will talk about the program in further sections. But, for now, you must understand the process required to register your startup with the program . 

You can choose one out of 4 kinds of ownership models. Your choices are:

• Proprietorship : No registration is required and legally you as the proprietor have the sole ownership of the company. For taxation, your income will be taken as the taxable income, you cannot transfer the ownership of the company to any other person. Lastly, you cannot call in foreign investors to fund your venture. Note that, a sole proprietorship does not count as a startup in India . 
• Partnership: A partnership needs two people to start with, and here you may or may not choose to register your company. However, if registered, you will come under the ambit of all the legalities and compliances applicable to a partnership company. A partnership firm can only be listed as a Startup in India if it is less than 5 years of age from its incorporation. 
• Limited Liability Partnership or LLP: A LLP in India needs to be registered under the LLP Act of 2008. It comes under the ambit of the Ministry of Corporate Affairs and must have at least two partners. Further, in India, an LLP mode of operation is preferred over other registration systems. There are various benefits of incorporating as an LLP , including operational flexibility, fewer compliances, among others.
• Private Limited Company: They are registered under the Companies Act 2013. To be more precise, such a company can have a workforce of up to 200 members, and it needs at least 2 directors. There are additional legal formalities to register as a PLC in India, but they have access to several other benefits accorded by the state government. 

Here’s a dynamic video explaining the models:

As long as you are in the POC stage or until the time you are not gaining some traction, not registering the company is fine. But once you enter a stage where you are ready to register, the real complexities begin. 

From compliances to taxation, labor laws, environment laws, and other legal requirements are meant to be fulfilled. 

Intellectual Property Rights

Getting recognition for your product or service is indeed deserving because you took an idea and built it into something actionable with your own innovation. And to keep that light burning, you need the protection. However, the Indian startup scenario for IP is a bit different. 

IP Rights for software in India are such that they only apply to the code and the final product. In other words, if you get your copyright, it will protect the form and not the final substance. 

Another important thing is that you cannot file a patent application for software in India. What you can do is get a patent on software and hardware integration. This means that if a software is dependent on any form of hardware, then you can get a patent. But software alone cannot be patented. 

As for your User Interface/Experience, You can get a patent provided it is unique. Its level of uniqueness will decide whether or not you can get a patent for it. 

Co-Founders Legal Considerations

You may have found your ideal co-founder. But, have you gone through the requirements and legal considerations it requires? Majorly, a co-founder agreement lists the equity ownership, initial investments and the roles and responsibilities given to each founder. 

Surely, there has to be a legal contract listing all the guidelines. This type of contract ensures that both the founders have an apt understanding of their functioning in the company. 

You need to carefully examine each and every term associated with the partnership and set the boundaries. Even if the venture is at an initial stage, you need to set these boundaries. 

You will find that there are a few other legal documents that you need to check out while operating a startup in India. 

Be very careful with the legal considerations. If possible, take assistance from a certified lawyer and an accountant to set up your operations properly. The penalties and fines of not following them are high. Moreover, they can also become a reason for shattering your dream startup to pieces. 

Talking about penalties and fines, money is also a critical factor for any startup. Basically, you cannot fully understand how to start a startup in India without looking into funding options. 

Chapter 5: Money Matters

90% of the startups fail in the first five years of their launch and many of these are because of the money crunch. Sometimes, the founders do not get enough fuel to keep the engine running, while others fail in using it optimally. 

Therefore, getting your startup funded is important, but gaining the ability to utilize that money smartly also matters. Right from the beginning, you need to start making a startup budget that is well within your limitations. 

Once you have gained the funding, start spending it smartly and on those things that help you grow. But before discussing how to use the money, let’s first know how to acquire it. 

There are various methods to raise money for your startup in India ( here’s a detailed guide ): 

• Friends and Family : We always look towards the family first if we want something. Especially with the societal norms and family culture existing in India, asking your friends and family for initial funding looks like a great option. However, understand this is a two-way road and there are some specific pros and cons associated with this method. Make sure you consider them before jumping in. 
• Bootstrapping : One of the best methods to fund your startup is by your own savings or bootstrapping. The reason being that you won’t have to answer to anyone where the money went. There is no interest, no complications about paying the money back, and so on. 
• Incubators : Early stage startups can look forward to getting the funding from business incubators and accelerators. The difference between an incubator is they teach and train in everything.  Just like a child is taught everything from the day it is born. Accelerators, however, are a bit advanced, and they move on to help you run or leap ahead in your venture. There are various incubators and accelerators in India that you can choose from. 
• Angel Investors : There are a lot of already established angel investors in India who have funded several startups. Angel investment is a kind of funding activity whereby individuals with surplus cash and interest to invest in different baskets help startups launch and expand. The Indian Angel Investor network is also huge, and you will be able to find the right investor for your startup.
• Venture Capitalists : Venture capitalists are the biggest sharks in the ocean of startup ecosystems. These guys invest big and also help already expanding startups to outgrow themselves. In the Indian parlance, most of the VCs have come from other countries and set base here. Here is a list of the top venture capitalists in India . However, note that convincing the VCs is not easy; having a credible and really unique pitch is equally important as having a disruptive and innovative product. 
• Crowdfunding : Crowdfunding is a great option to fund your startup, provided you have an idea that can convince the masses. Here’re some crowdfunding platforms in India . Several people will look at your product there and if they like it, they pledge their investments to develop your product and take it to the next stage ahead of a prototype. Crowdfunding generates many benefits , one of which is free marketing since your investors will surely spread the word for your idea and rope in more people. 
• Bank Loans : Funding from banks can take the form of loans or line of credit (working capital loan). Entrepreneurs still consider banks as their first preference and a safe bet to get funding for their startups. Seeing the rising trends of startups in India , several banks have set dedicated funding options for SMEs and startups . Loans entail the standard process wherein you provide the bands with necessary details, business model, and collateral to get the funding.
• Government grants : The Indian government also provides funding to startups in India via several grants and schemes . Government schemes for startups in India like Mudra loans, 10,000 Crore Startup Fund, and others, show that the government wants to develop a conducive environment for startups in the country. Startups bring growth to the Indian economy, and the government is reciprocating further bolster that growth with such schemes and grants. Within this funding form, the Startup India Scheme deserves special mention.

Startup India Scheme

The Startup India Scheme is a flagship program under the Startup India Initiative . This scheme was launched with the motivation of bolstering the innovation of new products and services in the Indian economy. Under this scheme, the startups have to undergo DPIIT registration and complete other formalities to get certain benefits, some of which are: 

• Simplifying the work processes from registration to setting up the basic infrastructure. 
• Providing financial support to startups via different government-run startup funding schemes . 
• Helping the founders grow their network and exploit such opportunities presented by the government. 
• Early-stage startups can also benefit from income tax exemptions, intellectual property benefits, along with a few other perks. 

In the latest statement by the DPIIT (Department for Promotion of Industry and Internal Trade) it was stated that about 28000 startups have registered with the DPIIT until the 1st of February, 2020.

It does not matter what kind of startup you are trying to build, funds will be essential. Added with the funds, it is equally vital to build your brand. In the next sections, we will take up how to build your startup’s brand and how to ensure its growth. 

Chapter 6: Branding, Website & Launch

Once the funds are arranged for your startup, then comes the actual work of building your organization on different levels. Until now, your work was just revolving around an idea. But now it’s time to start the real work from ground zero. 

This chapter will cover some of the essentials of building a startup. It will lead you to the knowledge of various aspects of building an organization from its brand name to the website to its launching.

Building the Brand 

Branding your startup essentially means to establish an identity for your business. The identity of your brand holds your uniqueness amongst other competitors in the market. A brand has its own voice, image, and personality that makes it recognizable for the people. 

For instance, when you hear the name Pepsi, what jumps right to your mind? Certainly, their blue ribbon, logo, advertisement, or something related to that drink. This is the power of branding. When people start visualizing your brand when they hear its name, that’s when it can be considered established.

Building your brand identity is a long term plan ( here’s a detailed article on the topic ). There are several organizations that initially avoid this step and are eager to jump directly into the operations. When you build a brand identity from the start, it gradually makes its name in the marketplace. Once it acquires a significant amount of attention, then whatever product you launch, people are bound to show their interest in it.

Designing Logo for the Organization

The best is to outsource the logo designing process to a professional branding agency. While designing the brand logo, there are various parameters like the color palette, typography, and graphics that need to be taken into account. Professional agencies have the expertise to understand the mechanisms of color combinations and graphics that can attract customers.

xVS Creations , Ascent Web Portal , DesignHill , and Indesign Elements are some of the prominent branding agencies in India. They can help you with all your design needs with premium quality results. There are many global online platforms too that where you can find masters in this field like 99designs (recommended) and Fiverr (recommended). You must explore all the options before picking a suitable choice for yourself. 

Building the Website

Creating the website for your startup is crucial. A website is the best platform for the interaction between you and your customers. It helps you to stay active in the competitive market and it also is a fantastic way to attract a lot of potential customers to your business. 

A website plays a significant role in creating a potential business market for any startup company in India or outside. The given steps are involved in the creation process of a website:

Picking a Domain Name

The domain name is usually named after your brand name to achieve singularity in your brand identity. There are multiple domain providers through which you can purchase a domain name for your website. Some of the popular domain registrars are as follow: 

• GoDaddy (Recommended): This is one of the most popular domain agencies in India. It provides domain names at the lowest prices. 
• Namecheap (Recommended): Offers multiple services like selling domain names, VPS hosting, web hosting, and others. 
• BigRock : They are known for providing cost-effective domain names.
• Hostinger : Offers domain names and services that provide high-speed performance. 
• BlueHost : They offer several packages that are inclusive of registering domain names, hosting, and website development.

Finding a Hosting

The work of a hosting company is to connect your website with the internet. You can think of it as a hard drive where all the information is stored for the usage. 

While picking a host, check for their customer support reviews, functioning of other websites that are being hosted by them, and do they provide all required features. 

GoDaddy (recommended), Hostinger , BlueHost , etc. are some of the Indian hosting companies that you can work with to run your website. Some global ones are Amazon AWS , Cloudflare , Rackspace , and Unified Layer .

Majorly, there are three types of hosting plans.

Shared Hosting

Shared hosting is one of the most popular and cost-effective hosting plans. It involves sharing your server with other websites. This plan is usually limited to one domain. Most small organizations and startups pick this plan for the start of their website. 

It gives them a space to start their websites and also does not get heavy on their pockets. However, note you get limited data storage and bandwidth, which may affect the speed of your website. 

Dedicated Servers

This is an expensive hosting plan as it gives you a dedicated server for running your website. The range of bandwidth is comparatively very high and it doesn’t put pressure on your website, as much traffic may arrive. The website under this hosting plan has significantly greater speed than others. 

Note: You may choose a shared hosting plan and later transition the hosting to a dedicated server. 

Reseller Accounts

The reseller accounts are usually for the people who wish to run multiple sites under a single account. This type of hosting plan is mostly taken by the people who are running eCommerce websites. 

Designing & Developing the Site

Getting your website built by hired professionals may be a more expensive option than building it yourself, but it definitely produces some fruitful results, unless you have the required knowledge and expertise in the field.

To outsource the design of your website, you may hire an agency or freelancer. You may want check Upwork (recommended), Fiverr (recommended) or Freelancer if you wish to find and hire one of these.

If you are willing to put your hands in the task, you can use no-code tools like Webflow (recommended), Bubble (recommended) & WordPress requiring no programming knowledge. During 2020, a handful of other tools have popped-up to make it easier to build a basic website. Among these tools you can find Carrd , Softr , and Dorik .

Building the Office

Building the brand name and website is a relatively easier task than establishing a physical office. If you have the required staff and budget to open an office for your startup, nothing can be better.

Having a professional space hugely enhances the growth of the business as customers see it as a more reliable source. Having your own office is one of the essential milestone for your startups.

In these modern times, you must also focus on building stylish and innovative office spaces for your work. This positively impacts the people working in the office and also puts a good impression on the incoming customers. 

There are several good interior designers in India that can provide the professional looks to your office as per your business profile. Some of the most popular ones are Urban India Design , Kinzaa , De Panche , and D5 Design Factory .

If you prefer or need to work remotely, there are several tools to improve team communication that have made an impact in 2020. You can create a virtual office with Gather.town or avoid video calls fatigue with Around .

On completion of all the above-given parameters, your startup will be all set to launch. Before you launch and present your business to the world, you must prepare the launching campaigns . These are some of the essential steps that will help you make a better launch in the market. 

Create Hype

Creating a hype at the last minute won’t make much difference. It is essential from the very first day of your startup building process, you start to create a fuzz about yourself in the market. 

Start sharing your brand name and the services in social media, start writing blogs and articles. Until the time of its launch, you must have a significant population waiting for the service to be launched.

Giving Freebies and Entertainment

One of the best ways to seek the attention of the Indian audience is to provide them with free stuff and entertainment. Collaborate with some renowned artists that you can afford and start promoting your brand through them. 

You may also set up a small entertainment zone in a mall where you can entertain the people through various activities and promote the name of your brand. 

Stay Clear from Other Big Brands Launches

Do check out the launching dates of other brands. You do not want to clash your launch date with some big brand. It may lose an ample amount of attention to your brand. 

Press Release your Service

Nothing can be better if you have the required budget and potential to launch the startup through a press release. The media will provide sufficient attention to the world about your service. If you are willing to opt for it, make sure your teams are all prepared with the set of questions that may be asked about the product and the service. 

The launch of your startup is not the end of the process but just the beginning. Once the launch is done, then it comes the phase of making your startup grow to its full potential. You may have to create several marketing strategies and post-launch campaigns to make your brand grow bigger. Go through the next chapter that will guide you through the approaches you need to hasten the development process of your startup company.

Chapter 7: Growing your Startup

Let’s talk about growth now. Once you have established a basic foundation of your startup, you can think of growing. More importantly, you need to know the right time to grow or scale your startup. 

But before we go there, you must be prepared to scale your startup. How to start growing is a different debate? Initially, you need some solid footwork on the ground. 

Also, remember that knowing when to be bearish is as important as being bullish in your startup. As a founder, you need to know when not to scale your startup . 

Scaling is like work in progress and you need to leverage foolproof marketing strategies for keeping up with the growth momentum. Apt marketing strategies ensure user engagement and convinces them to take the desired action. 

One of the most important things to understand in how to start a tech startup in India is practicing foolproof marketing strategies. With apt marketing, you will gain the attention of the audience and excite their thinking neurons. And if the product is something that the customers really want, they will engage and reach out. 

Some Marketing Strategies

Sending emails.

Starting an email marketing campaign is a great way to attract new customers. Email marketing holds a better engagement rate and can be used for almost all kinds of businesses and products. 

Have a blog for your startup

If you are solving a pain for your customers and they are looking for ways to solve it online, you need to have your blog. Blogs are one of the most organic ways to attract an audience and potential customers that will help you grow. 

Be on Social Networks

4.57 Billion .  These many people are active on social media every month. And out of them, Facebook has 2.4 billion users, Instagram has 1 billion, Youtube 2 billion, and the list goes on.

Creating a social media marketing strategy is your answer to growth-oriented startup plans in India. Social media is a big game, so you may need the assistance of expert social media marketers to get the desired results. 

You can implement other suitable marketing strategies for your brand growth and scale. Measures like sponsoring an event or PPC advertisements can also help you gain some traction. 

More importantly, setting a marketing budget for your startup is also important. You cannot flood loads of money that you have acquired either from bootstrapping or via startup India loan or any other way. 

Handling Sales

It is evident that you cannot hire a top-notch sales team right at the nascent stage of starting a startup in India. That may come later, but presently, you may need to look at things yourself or hire a couple of guys to look after it. 

To this end, it is important that you also partake in this activity and try to manage the sales part effectively. Building your sales team is an essential part of growing the startup. 

Apart from building a team handling sales means that you need to handle the account well. Hiring a dedicated chartered accountant at this juncture can be a costly affair. However, you can utilize cloud-based tools like Quickbooks , Tally , and Zoho Books to keep the account up to date. All the online tools have tutorials to guide how to use them and work with them. 

Preparing for some Unprecedented Situations

Sometimes humankind is faced with situations that are completely out of our control. It can be a natural disaster, a war-like situation, or even a pandemic. The important thing is to understand that these situations may be temporary, but their effects can be permanent.

So, on your part, you need to prepare yourself beforehand to mitigate the risks related to such situations. 

At present we are facing a pandemic, and nobody was prepared for it. But we can only change our strategies after we are in this kind of turmoil. For instance, take a look at how these 10 Indian startups are dealing with the COVID 19 pandemic. 

These startups are using technology to their benefit and also helping the nation fight. Some are helping make ventilators, hospital beds, while others are creating tech solutions for monitoring and tracking. 

Apart from this, you need to prepare an emergency plan in case the pandemic has direct effects on your startup and revamp its protection strategy .

This brings us to the end of how to start a startup in India guide. We have talked about everything that you need to follow, understand, and practice to run a successful business. 

And if you are thinking about when you should start your startup, understand that “any time is a good time to start a company,” something very well said by Ron Conway . 

We have tried to include everything that you need to know about starting a startup in India. If you have any questions, let us know by sending an email at [email protected] . 

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These 10 Indian colleges have produced India’s most funded startup owners

BI India/BCCL

• Here are the top 10 colleges whose alumni in the startup world have secured the most funding in the first half of 2020, according to data intelligence firm Tracxn.
• Six IITs have made it to the top 10 list.
• However, it must be noted that in the first six months of 2020, startup funding has fallen by 29% to $4.2 billion this year.

Here’s the total funding raised by the top 10 colleges

Students from these top 10 colleges have gone on to found over 4,900 startups

IIT Delhi is the alma mater of many Indian unicorn startup founders. The college also has an entrepreneurship development cell and also offers many short courses on entrepreneurship.

In the first half of 2020, startups founded by IIT Delhi alumni raised $480 million in funding. A similar trend can be seen in the first half of 2017 to 2019, where IIT Delhi alumni founded startups raised a total of $7483 million in funds.

Famous startup alumni: Sachin Bansal and Binny Bansal (Flipkart), Deepinder Goyal (Zomato)

IIM Ahmedabad

Interestingly, in H1 of 2020, IIM Ahmedabad has risen the charts with $462 million raised by startups led by founders from the college. During the same period between 2017 to 2019, IIM Ahmedabad alumni founded startups had raised $2087 million.

Famous startup alumni: Deep Kalra (MakeMyTrip), Sanjeev Bikchandani (Naukri.com)

IIT Kharagpur

IIT Kharagpur alumni founded startups have raised $329 million in the first half of 2020. According to Tracxn, as of July 2020, there are 635 companies, including three unicorns, founded by alumni of the college. The college was also once home for Google CEO Sundar Pichai.

Famous startup alumni: Rahul Jaimini (Swiggy), Ramakrishna Adukuri (Stellapps)

IIM Calcutta

Startup founders from IIM Calcutta raised $328 million in the first six months of 2020. Tracxn data shows that 383 companies, including 6 unicorns, were founded by the college’s alumni.

Famous startup alumni: Pranay Chulet (Quikr), Sumant Singa (ReNew Power), Sriharsha Majety (Swiggy), Sam Santhosh and Mahesh Pratapneni (MedGenome)

While IIT Bombay might rank 5th in the list with startup founders from the college having raised $310 million in the first six months of 2020, the college has been a hotbed for entrepreneurship. The 759 companies founded by alumni of IIT Bombay, have raised a total of over $9.87 billion in funding from 977 investors.

Famous startup alumni: Bhavish Aggarwal (Ola)

IIM Bangalore

In the first half of 2020, startups founded by IIM Bangalore alumni have raised $302 million. The college’s students have gone on to found 359 companies, including two unicorns.

Famous startup alumni: Sahil Barua (Delhivery)

IIT Kanpur alumni founded startups have raised $286 million in H1 2020. IIT Kanpur alumni has founded 545 companies, including four unicorns.

Famous startup alumni: Mukesh Bansal (Curefit, Myntra)

In H1 2020, the alumni founded startups of IIT Madras raised $245 million. Over 506 companies have been founded by alumni of IIT Madras.

Famous startup alumni: Anand Rajaraman and Venky Harinarayan (Junglee)

BITS Pilani

The only non IIT and IIM college in the list, BITS Pilani alumni founded startups have raised $206 million in the first six months of 2020.

Famous startup alumni: Richa Kar (Zivame), Sriharsha Majety (Swiggy)

IIT Roorkee

IIT Roorkee alumni founded startups raised $185 million in H1 2020. The oldest engineering college in India, has seen students go on to found 347 companies.

Famous startup alumni: Harshil Mathur and Shashank Kumar (Razorpay)

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  • Welcome to the Central Government Schemes section of the Startup India Portal. This section provides a list of all the schemes initiated by the Government of India to support and promote Indian startups. The information has been collated from public sources.
  • The government recognises the importance of startups in driving innovation and economic growth. Various ministries and departments have introduced schemes to provide financial, infrastructural, and regulatory support to startups. The listed schemes cover sectors like technology, manufacturing, agriculture, healthcare, and more.
  • Each scheme's details, including objectives, eligibility criteria, application process, and benefits, are provided. Please note that the information may change, so it's advisable to refer to the official websites for the latest updates.
  • The Central Government Schemes section serves as a valuable resource for entrepreneurs to explore government support measures. Leverage these schemes to propel your startup towards success and contribute to the vibrant startup ecosystem in India.
  • Disclaimer: The information provided is subject to change. Refer to official sources for the most up-to-date information on individual schemes.
  • High Risk - High Reward Research 9
  • Promoting Innovations in Individuals, Startups and MSMEs (PRISM)
  • NewGen Innovation and Entrepreneurship Development Centre
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  • Name of the Scheme: Assistanceto Professional Bodies & Seminars/Symposia
  • Extra Mural Research Funding
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  • Research, Design, Development, Demonstration (RDD&D) and Manufacture of New and Renewable EnergyHigh Risk - High Reward Research 9
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  How to Start a Driving School Business in India - A Stepwise Guide

  

  Baishali Das Adhikari , Shilpa sharma

  In today's time, people love to go on road trips to relax and spend time with friends and family. Some time ago, people didn't need to have driving skills, but at present time the automobile industry has grown a lot, and it has become necessary to have a vehicle in every house and to have driving skills to get their work done quickly to go anywhere. One can learn driving skills through any friend or relative. But most people prefer to learn driving skills from professionals.

  So, if you are having good driving skills and are good to make other people understand how to drive, you can think of considering this business to generate revenue. Operating a driving school can be profitable as there is an 'n' number of people who are willing to spend money to learn to drive. But just having a thought is not enough, it requires depth knowledge of strict state laws and regulations. Not only that, a good amount of time is required in researching but you need not worry. However, if you look at this article, you can get a legit idea about what it takes to start a driving school business in India.

  Step 1: Select Type Of Business Step 2: Competition Research Step 3: School Name Selection Step 4: Location Selection Step 5: Plannig The Curriculum And Pricing Step 6: Allocate the Budget Step 7: Driving Instructor License And Legal Works Step 8: Purchase Vehicles And Get a Registration From RTO Step 9: Apply and Get an Insurance for Your Driving School Business Step 10: Advertise Your Business

  Guidelines for Starting a Driving School Business in India

  You need to follow a set of guidelines before starting a driving school business in India.

  • Learners must be 18 years old or above. If they're below 18 years, they shall not be permitted to learn to drive.
  • Learners must have completed a high school education .
  • The learner must qualify for a vehicle examination to receive a driving certificate.
  • The trainer/Learner must not have any criminal records in the past. For the presence of such records, they will be inspected by a state inspector before you obtain a driving license.
  • The school trainer must be a trained person. They should not have offensive driving history.

  Step 1: Choose Between Franchise V/S Own Driving School Before starting a driving school business, it is important to decide, that whether you want to open your driving school in which all the investment and risk will be yours or want to take a franchise of an already established driving school. Franchise is a bit costly as a fixed amount you need to pay to the franchiser, but after that most of the responsibility of opening a driving school has to be taken care of by the franchiser. Step 2: Competition Research

  Without paying attention to the activities of your competition and making a good plan of action from them, no product or service can survive in the market for a long time. That is why competition research is important to start your driving school. It is necessary to research which companies are already providing this service, what is their fee model , what kind of offers they are giving to their clients, and how to make your school different from theirs.

  You can include different classes in your school such as :-

  Commercial Driving Classes

  This type of driving class trains candidates who can drive heavy trucks, cranes, buses, heavy vehicles, etc.

  Test Preparation Classes

  This type of driving class can be incorporated for individuals potentially getting ready for the driving tests. You will train them to pass the driving test to obtain a driving license.

  Private Driving Classes

  You can incorporate a private driving class option for customers who need to get provided with customized training services . These customers are ready to pay more to take personal classes if this idea is agreeable to them.

  Grown-up Classes

  Working Professionals who have tight schedules are willing to take up these exclusive classes.

  Classes for Disabled People

  Since your business is open to everyone, you can warmly welcome people with disabilities as well. Therefore, this kind of business focuses on individuals living with physical inabilities.

  Step 3: School Name Selection

  Keeping a memorable and easy-to-catch name for your driving school is a much-needed task. The company name plays a vital role in the digitalization era, as the domain name and URL name must be the same as the company name to take your company to the digital platform. So that the customer can easily find your website.

  Step 4: Location Selection

  After finalizing the name, the next important task is to finalize the perfect location for your school, as location plays a vital role in any business success. Generally, renting an area is suitable, so there are some important things to keep in mind while finalizing the location so that customers can be attracted.

  Here are some common points to keep in mind:

  • One classroom, one office.
  • Parking space must be available for vehicles.
  • It will be advantageous if the plot is located near the market.

  Step 5: Planning The Curriculum And Pricing

  Create lesson plans both on theoretical and practical fronts. You can procure pre-packaged lesson materials from your DMV’s (Department of Motor Vehicles) approved list of providers. Your behind-the-wheel lesson plan should include routes that are safe for the student and over time allow them to experience different road and traffic conditions.

  Fix Pricing

  The pricing of training course modules should be competitive and should be affordable for people. You can charge more for personalized classes conducted for individual learners who are busy professionals or looking for special attention.

  Step 6: Allocate the Budget

  There is an amount you might need to secure in the first place to initiate a driving school business. The amount you need to set up an office, keep trainers, documentation, types of equipment, cars, rental, bills, marketing, fuel costs, and the list goes on.

  

  Step 7: Driving Instructor License And Legal Works

  Starting up a business always needs proper documentation and a license that you need to opt for. You might need a license for your trainers, photo ID, national identification, medical certifications, and an attached CV.

  Points to consider for applying for a driving instructor license.

  • Must have at least 21 years of age.
  • Only after passing the vision test can the applicant apply for a license.
  • Must have a high school diploma or an equivalent.
  • The applicant must pass a criminal history check.
  • Before obtaining a license, the applicant must pass a physical and mental screening.
  • Your driving record must be presented when you apply. Excessive traffic offenses may disqualify.

  Other documents that you might need for your driving school business are as follows:

  • Certificate of Incorporation of Business Plan
  • Insurance Policy
  • License Sales Tax Registration Certification
  • Employer Identification Number
  • Sales Tax License

  Step 8: Purchase Vehicles And Get a Registration From RTO

  If you have a small capital investment , it is advisable to purchase second-hand vehicles. For safety reasons, install additional brakes, accelerator, instructor mirrors, and other features. The RTO is an Indian government office liable for furnishing vehicle enrolment and driving permits in India. It is an Indian Government association responsible for maintaining a database of drivers and vehicles for various states of India .

  RTO Activities:

  • Motor vehicle taxes
  • Vehicle registration
  • Vehicle inspection after an accident
  • You should always check the validity of your motor vehicle insurance.
  • Issues transport permit (license for motor vehicles).

  Step 9: Apply and Get an Insurance for Your Driving School Business

  Protection is fundamental for beginning any business because that helps you to cope with loss. Especially for your driving schools business, getting the proper insurance is important since preparing unpractised drivers to drive a vehicle may bring about misfortune and harm.

  Having insurance covers can help you to ensure not only your customer but also your business from any huge liability that may affect the smooth functioning of your business or even become a reason for business insolvency. Some insurances inclusions that are widely used and suggested are:

  • Public Liability Insurance
  • ADI (Approved Driving Instructor Insurance), Motor Insurance
  • Liability Insurance of Employers
  • GAP Insurance
  • Breakdown Cover

  Step 10: Advertise Your Business

  Advertising is one of the crucial parts of the entire driving school business because it will help people get attracted to your business. You need to understand your target audience and make sure that your advertisement has a unique element that might help you to draw yourself away from your rivals. Try new methods, discounts, and other elements that are available around. You can also opt for social media marketing as most people are highly into social media platforms these days. If someone attempts to find you using your name, driving school, and location, they should be able to locate you quickly. It helps to ensure that the business opportunity is secured.

  

  So you might be feeling there are a lot to start your own driving school business in India, but trust me, once you start, things might not seem easy, but will eventually fall into the right place. It is time to trust your instinct and get ready to take your business off.

  How much do driving school cost in India?

  A car driving learning lesson costs around Rs 3000 to 5000 per month depending on the school you are choosing. The costs may differ depending on whether you choose to learn on a sedan or a hatchback and the duration of the lesson.

  How to start a driving school in Kerala?

  You require 3 acres of land, 2 classrooms, and a driving track to start a driving school business in Kerala.

  How to start a driving school in India?

  • Choose a niche market.
  • Create a business plan.
  • Obtain licenses.
  • Purchase commercial insurance.
  • Choose a business location.
  • Purchase equipment.
  • Hire drivers.

  Are driving instructors self-employed?

  Most driving instructors are self-employed, although some are employed on a franchise basis by driving schools. Consequently, many are responsible for marketing their business, maintaining financial accounts and vehicle upkeep.

  Must have tools for startups - Recommended by StartupTalky

  • Manage your business smoothly- Google Workspace

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  Home » Earn Online » 20+ Entrepreneurial Ideas for Students to Launch in 2024

  20+ Entrepreneurial Ideas for Students to Launch in 2024

  

  Table of Contents

  Success stories of young entrepreneurs like Ritesh Agarwal, Mark Zuckerberg, and Kylie Jenner have inspired a new generation of students to pursue their entrepreneurial dreams. Age and academic qualifications are no longer barriers to starting a business; all you need is a great idea, a monetizable skill, and a strong work ethic. Explore a myriad of innovative and feasible startup ideas for students, turning aspirations into entrepreneurial ventures. If you’re a student looking to start a business, there’s no better time than now. Starting a business while still in college can provide valuable market training and give you a head start in your career. Plus, failures are simply lessons that help you grow. But where do you start? Look no further! In this article, we’ve compiled over 20 of the best startup ideas for students. Whether you’re interested in low-cost, tech-driven, or expertise-oriented business ideas, we’ve got you covered. So, if you’re ready to turn your passion into a successful venture, read on for some amazing and relevant student business ideas . From small startup ideas to tech startup ideas, we’ve got everything you need to get started on your entrepreneurial journey.

  Startup Ideas in India for Students

  There are many kinds of startup ideas. From highly funded unicorns to scrappy zero-cost one-person ventures. Let’s learn all about them.

  Low-Cost Business Ideas

  Don’t have funding or rich parents? That’s ok! Here are some fantastic low-cost business ideas that you can start with little to no money.

  Home coaching classes are an age-old phenomenon and a high-return business model. You can leverage your subject expertise or learned knowledge and teach young kids. You can also teach niche subjects to professionals who are looking to upskill. As you build enough name for yourself, you can scale and hire people to expand your business.

  Social Media Management

  Are you good at operating Instagram and Facebook? Then social media management is the right job for you. In the digital age, every business needs a robust social media presence. All you have to do is make an offer, market your services, and get new clients. That’s it.

  Event Planning

  Event Planning is a highly sought-after profession in India. Indians spend most of their life earnings on four things: Education, real estate, hospitals, and weddings. Weddings and events will go on, despite any economic turmoil or recession. Most families need someone with expertise and market knowledge to execute these functions for them. This is where event planners come into the picture. If you are creative enough to handle an event and can manage multiple people and vendors at once, then this business is perfect for you.

  

  Selling Digital Art

  Digital art is a skill-based startup idea with an 80% profit margin. If you’re good at using technology and tools to make art and artistic products, then you can sell digital art. Since there is too intense competition, you need a unique angle and approach that allows you to stand out. For example, Alicia Souza, the co-founder of Chumbak and the owner of the Alicia Souza Store brings a quirky and fun angle to her drawings. This allowed her to build a big brand right from her home in Bangalore.

  Language Translation

  Millions of pages are translated from one language to the other in a day. From books to scientific papers and so much more. If you have expertise in two or more languages, then you can start a translation business right from your home. If you have proficiency in English and other lesser-known and remote languages, then you will be in much more demand.

  Blogging is an Internet publication that can be monetized through Google ad money and sponsorships. If you can write well, have niche-specific knowledge or have the desire to share your thoughts with the world, then you can get started with blogging immediately. As you begin to scale, you can bring in other writers and double your output and earning potential.

  Online Business Ideas

  Here are some online business ideas:

  Writing an eBook

  An eBook is a digital book that is often shorter than the average book length. eBooks, study materials, and tutorials are a great source of revenue. eBooks are highly profitable because they require a one-time investment effort and yield a lifetime of passive income. If you have expertise or niche knowledge, then you can package it in the form of eBooks and you can sell them. Most people are ditching the traditional avenues of education and resorting to online courses and certifications.

  Starting a Podcast

  A podcast is a conversation that is recorded between one or more people and distributed online. Podcasts and other forms of audio media consumption have become exceedingly popular in the last decade. Podcasters earn revenue through sponsorships and endorsements. Ranveer Allahbadia has the biggest podcast in India, and he started it from his home office four years ago.

  Creating an App

  Thousands of mobile apps are released each day. Every business, regardless of its functionality, prefers to have an app. This is why app creation and mobile app development are huge markets. This is one of the best business ideas for college students who have a technical background.

  Online Tutoring

  Online tutoring is another great way to help people from remote areas while building a career. Online tutoring can be done in two ways: cohort-based courses and recorded lectures. There is a hunger for skills and knowledge that can be can only be fulfilled by online courses.

  Selling Handmade Goods

  Handmade goods are items made by hand and sold on a small scale. These products are personalized and often made upon request. If you have a knack for arts & crafts and can make products by hand, then you need to give this startup idea a try. You can use free mediums such as social media and arts & crafts fairs to promote your products. In a world increasingly consumed by mass-produced products and industrial-grade items, there is a special demand for handmade products. To sell handmade goods online, all you need is a product and a low-budget marketing plan.

  Service-Based Startup Ideas

  Service-based startup businesses are based on services to clients. Here are the leading examples of service-based startup ideas that college students can start:

  Providing Delivery Services

  More than 2.14 billion people in the world shop online. These demands are filled by millions of eCommerce brands and shops. It is a great business startup idea for students. This startup can be based on handling logistics or delivery services for eCommerce shops and hiring delivery persons to carry out the operation.

  Health and Wellness Services

  Health & wellness services are mental, physical, and spiritual services that are designed to help people. This includes Zumba classes, yoga, parlours, etc. If you are inclined toward health & wellness, then this is something you can consider.

  Education and Training Services

  Education and training services are one-to-one or one-to-many business startup ideas for students. Education services help people learn new skills. The advent of new technology and everyday updates require you to be on par with your basic learnings. Education and training services fill a crucial market gap by reaching people based in remote areas and offering affordable training.

  Marketing and Advertising Services

  Marketing and advertising is the process of identifying and promoting new businesses and projects. These services include writing, research, and the strategic deployment of promotional campaigns. If you’re skilled in the art of writing promotional campaigns that can increase a brand’s awareness and bring in new customers, then this

  Professional Services

  Professional services are consultancy and industry-specific services that allow you to leverage your expertise. Lawyers, architects, accountants, engineers, digital marketers, etc, offer professional services to their clients. You don’t have to wait for your degree to start your professional services.

  Technology-Based Startup Ideas

  Technology-based startups differ from other businesses because they require technical expertise and credential knowledge.

  Here are industrially-relevant tech startup ideas for students:

  Artificial Intelligence and Machine Learning

  Artificial Intelligence (AI) and machine learning (ML) are the two hottest fields in the tech sector right now. AI and ML products save time, energy, and resources. This makes it highly desirable for businesses and digital users. The best thing about AI & ML is that you don’t need a huge operation or team.

  Internet of Things (IoT)

  Internet of Things is the practice of connecting multiple levels of operations to the Internet to make the experience more user-friendly.

  IoT is a big umbrella that includes plenty of startup ideas for students in India.

  Virtual and Augmented Reality

  Virtual and augmented reality-based startups are designed to innovate and create new intuitive customer experiences for customers. This is a highly niche and expertise-driven premise that requires technical knowledge of building VR products and services.

  Blockchain is a cryptocurrency company that facilitates the trading and investment of digital and token currencies. Blockchain continues to capture the interest of the public. As a college student, you can either base your startup around investment advice or first-person testimonials, or you can create a blog based on this technology, and break down the new and trending currencies to the public.

  Cybersecurity

  Cybersecurity is the protection of computer systems and online networks from hackers, spam, and malicious scams. In an increasingly online world, cybersecurity is an integral requirement for every business that is carrying out operations online. Internet entity. A cybersecurity-based start-up can offer services around the protection and safety of websites, business information, payment portals, etc.

  To start a cyber security-based start-up, you need

  • Professional accreditation in cybersecurity
  • A problem-specific business plan
  • Identification and analysis of your target market
  • A business license

  Importance of Networking and Mentorship for Student Entrepreneurs

  1) Networking with industry professionals, and potential mentors can provide invaluable guidance, support, and opportunities for collaboration.

  2) Having a mentor who already has experience in entrepreneurship can offer insights, advice, and encouragement to navigate the challenges of starting and growing a business.

  3) Networking and mentorship opportunities enable students to enhance their entrepreneurial skills. Students can develop essential skills such as leadership, communication, negotiation, and problem-solving – all of which are important for successful startups in the Indian business landscape.

  4) Through networking and mentorship, student entrepreneurs gain access to a wide range of resources, including funding sources, and industry-specific knowledge. Mentors can provide introductions to investors and industry experts, while networking events facilitate access to funding opportunities and startup support services according to the Indian market.

  How to Start a Business as a College Student

  If you’re a college student looking to make some extra cash on the side or build a career, then a startup is the right choice for you. Here’s how you can start a business while being a full-time student:

  Step 1: Identify your passion and skills and figure out the things you are good at Step 2: Research a core business idea around the things you are passionate about Step 3: Build a business plan with a clear idea of income and expenses for the next 12 months Step 4: Secure funding for your business plan Step 5: Complete the legal requirements and register your business Step 6: Hire people and build a team Step 7: Identify your USP and build a brand identity Step 8: Launch your business Step 9: Put a marketing plan in place and acquire customers

  It’s a Good Day to Turn Your Skill Set Into a Business!

  In conclusion, there has never been a better time for students to pursue their entrepreneurial dreams. With the right idea, skill, and work ethic, students can start a business while still in college and gain valuable market training and a head start in their careers. In this article, we have provided over 20 of the best startup ideas for students, ranging from low-cost to tech-driven to expertise-oriented business ideas. These ideas include tutoring, social media management, event planning, digital art, language translation, blogging, writing an eBook, starting a podcast, creating an app, online tutoring, and selling handmade goods. With determination and creativity, students can turn their passions into successful ventures and build a bright future for themselves.

  Want to earn money in the comfort of your home? Dive to our guide to  Online Jobs .

  Frequently Asked Questions (FAQ’s)

  Some of the most profitable startup ideas for students in India are e-commerce businesses, digital marketing, restaurants, dropshipping, and content writing agencies.

  Yes. You can start an online business or a service-based startup with little to no seed capital. All you need is a laptop, an Internet connection, and a monetisable skill set.

  Some great online startup ideas for students: 1. Content Writing Agency 2. Digital Marketing Consultancy 3. Online Tuition 4. Web Development Agency 5. Cybersecurity 6. Social Media Management Agency 7. Arts & Crafts Sale

  Yes. Here are the startups that you can successfully run with just 10 to 12 hours per week: 1. Social Media Management Agency 2. Online Tuition 3. Writing and Research Agency 4. Online Stores 5. eBook Writing

  Other Related Reads

  • From Idea to Launch: A Step-by-Step Guide on How to Start a Startup in India
  • The Rise in Entrepreneurship: Top 10 Startups in India
  • What is Venture Capitalist (VC) and How does Venture Capital Work?

  Earn for Every Answer

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  DBS Bank India plans to double small business book in 3 years

  

  MUMBAI : Having achieved its target of a billion-dollar book in the small business segment, DBS Bank India now plans to double its exposure in three years, a senior banker said, underscoring the lender’s optimism around a sector that contributes nearly 30% to the gross domestic product (GDP) and is a significant job creator.

  “We are growing our SME (small and medium enterprise) book and we have added new products. Like startups, it is not only a lending business and there is a liability side of the business too," Rajat Verma, managing director and head of institutional banking at DBS Bank India said in an interview.

  Its SME business revenue has increased to 20% of its institutional banking revenue in Q1 2024, from 19% in Q1 2023. These percentages, however, exclude the offshore institutional book.

  Verma believes the current growth trajectory of its small business segment, which he says is “in the 30s", should continue at the current level. 

  “I am a great fan of a consistent growth rate over a period of time. It is not good to do 40% one year and then 10% the other year but 20-25% consistently; the book could double in the next three years."

  Read This: Startups, SMEs increasingly covet so-called fractional CXOs

  Launched in 2019, DBS Bank India is a wholly-owned subsidiary of DBS Bank Ltd, Singapore. India allows foreign banks to operate either as a branch or a wholly-owned subsidiary of the parent. The other bank to set up a local subsidiary was SBM Bank India, while the rest operate as branches.

  “We have touched the $1 billion (fund and non fund based SME exposures) mark in the SME business and we think it is one of the businesses which will drive our growth. This also includes loans given to startups," said Verma who joined the bank in 2023 from HSBC India.

  Verma noted that the asset quality of its small business book is “very good, the default level is low despite growing quite rapidly." 

  The bank’s overall gross NPA ratio stood at 5.61% as on 31 March 2023, down from 9.5% in the previous financial year, according to its FY23 annual report.

  According to him, while a conglomerate might have 30-40 or even 50 banks in a consortium, depending on the type of conglomerate and how much debt they need, an SME would have two or three at most.

  “So, the choice of banking partner is a critical one, and likewise for the bank too. We are focused on the SME space and it is a business that is growing fast while the quality of assets remains healthy," he said.

  Data shows that the quality of small business loans has improved for the entire banking sector. 

  The gross non-performing asset (NPA) ratio in micro, small and medium enterprises (MSME) loans for banks declined to 4.7% of outstanding loans as of 30 September, from 6.8% in March 2023 and 7.7% in September 2022, according to the latest Financial Stability Report released by the Reserve Bank of India (RBI) in December. 

  Aggregate bank loans to MSMEs grew 29% to ₹ 10 trillion in 2023-24, according to a separate data set from RBI.

  More Here: SME IPOs are shining, but experts advise caution

  Verma said that one reason for the sector's strong asset quality metrics is the reduction in information asymmetry. “These include the data available from credit bureaus, data on the founders, GST (Goods and Services Tax) returns, besides others."

  According to Verma, DBS Bank India’s strategy is to partner with these companies for the long term. “I am also interested in making sure that we onboard clients who will stay with us five or 10 years down the road," he said, adding that the bank is interested in SMEs, midcaps, and large caps.

  “So SME is a feeder to the mid cap. The mid cap is the feed to the large cap."

  Meanwhile, the bank’s environmental, social, and governance (ESG) financing book had crossed SGD 1 billion (about $740 million) in 2023. While it had planned to grow from that base by 60% by the end of calendar year 2024, it now expects to exceed this substantially.

  Also Read: India's private capex not secular across industries, says HSBC's Malhotra

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  India likely to export almost 18 million tonnes of rice in 2024-25: USDA

  Supplies increase year to year on record production at 527.6 million tons that more than offsets lower beginning stocks.

  

  Photo: Bloomberg

  Listen to This Article

  Slow purchases in some states drag rice procurement for central pool, centre keeping all options open to curb rice prices: food secretary, after curbs, non-basmati rice exports fell sharper than basmati rice, uttar pradesh govt transfers nearly rs 11,200 crore to paddy farmers, need for collective effort to improve dsr paddy cultivation: white paper, uttar pradesh govt plans to promote agri startups, introduce ai in farming, every rupee invested in agri research yields rs 13.85, says study, madhya pradesh farmers struggle to make the most of soaring wheat prices, govt lifts ban on onion exports; imposes min export price of $550 per tonne, centre imposes 40% duty on export of onions with effect from may 4.

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  First Published: May 12 2024 | 11:38 PM IST

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  Delhi to gurugram in 7 minutes: interglobe to bring air taxis in 2026.

  

  InterGlobe Enterprises, parent company of IndiGo, and Archer Aviation plan to launch all-electric air taxi services in India by 2026, cutting travel time from Delhi's Connaught Place to Gurugram to 7 minutes. Costing Rs 2,000-3,000, they'll operate 200 eVTOL aircraft, aiming for FAA certification next year before India's DGCA.

  

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  The $5 McDonald's meal is making a grand comeback in June — but only for a month

  • McDonald's plans to launch a limited-time $5 meal.
  • In first-quarter earnings, the company's leadership highlighted how inflation has affected customers.
  • Other fast food chains are also worried about affordability.
  

  McDonald's is looking to launch a $5 meal in the US in a move to bring back price-sensitive customers .

  The meal includes four items, people familiar with the matter told Bloomberg and Restaurant Business . Customers would choose between two of the chain's signature burgers — a McChicken or a McDouble — and get four-piece McNuggets, fries , and a drink. The $5 promotion would last for a month, Bloomberg reported.

  The deal will start on June 25, The Wall Street Journal and other outlets reported.

  The discussions about the new deal come three weeks after the fast food giant's first-quarter earnings call, where leadership highlighted how customers are increasingly price-sensitive.

  "I think affordability is clearly an area where consumer expectations are heightened," McDonald's chief financial officer Ian Borden said on the call. "Obviously, they're getting hit ," by inflation, he added.

  The company previewed a value meal on the earnings call without any specifics. CEO Chris Kempczinski said McDonald's has local value meals around the US, but no standard national offering like competitors do.

  Related stories

  A $5 meal would be a stark drop from current prices, especially in higher-cost cities, according to a Business Insider analysis.

  A meal consisting of the same four items — a McChicken, fries, a drink, and four-piece chicken nuggets — costs $18.26 in downtown New York City. In downtown San Francisco, the McChicken version costs $16.15, and the burger variant costs $17.75.

  The new bundle would be priced lower than a Happy Meal, which starts at $6.39 in downtown Manhattan.

  The company's stock has fallen about 7% year-to-date as investors worry about rising costs and intensifying fast-food competition.

  Fast-food chains across the US are grappling with fewer orders from customers who no longer find their meals affordable. Wendy's, Shake Shack , Starbucks and Burger King parent Restaurant Brands International have all said in their latest earnings call that they will exercise caution on prices.

  "We're going to stay careful on pricing," Gunther Plosch, Wendy's CFO, said in its earnings call earlier this month. "I don't think we're going to get too greedy."

  Fast-food giants have also been hit by California's new minimum $20 hourly wage for limited-service restaurants. Franchisees that have raised prices are worried they may lose customers to sit-in dining chains like Chili's and Applebee's , which are not subject to the wage hike.

  McDonald's did not respond to an immediate request for comment sent outside standard business hours.

  Watch: US vs India McDonald's | Food Wars

  
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  The Possible Collapse of the U.S. Home Insurance System

  A times investigation found climate change may now be a concern for every homeowner in the country..

  Hosted by Sabrina Tavernise

  Featuring Christopher Flavelle

  Produced by Nina Feldman ,  Shannon M. Lin and Jessica Cheung

  Edited by MJ Davis Lin

  With Michael Benoist

  Original music by Dan Powell ,  Marion Lozano and Rowan Niemisto

  Engineered by Alyssa Moxley

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  Across the United States, more frequent extreme weather is starting to cause the home insurance market to buckle, even for those who have paid their premiums dutifully year after year.

  Christopher Flavelle, a climate reporter, discusses a Times investigation into one of the most consequential effects of the changes.

  On today’s episode

  

  Christopher Flavelle , a climate change reporter for The New York Times.

  

  Background reading

  As American insurers bleed cash from climate shocks , homeowners lose.

  See how the home insurance crunch affects the market in each state .

  Here are four takeaways from The Times’s investigation.

  There are a lot of ways to listen to The Daily. Here’s how.

  We aim to make transcripts available the next workday after an episode’s publication. You can find them at the top of the page.

  Christopher Flavelle contributed reporting.

  The Daily is made by Rachel Quester, Lynsea Garrison, Clare Toeniskoetter, Paige Cowett, Michael Simon Johnson, Brad Fisher, Chris Wood, Jessica Cheung, Stella Tan, Alexandra Leigh Young, Lisa Chow, Eric Krupke, Marc Georges, Luke Vander Ploeg, M.J. Davis Lin, Dan Powell, Sydney Harper, Mike Benoist, Liz O. Baylen, Asthaa Chaturvedi, Rachelle Bonja, Diana Nguyen, Marion Lozano, Corey Schreppel, Rob Szypko, Elisheba Ittoop, Mooj Zadie, Patricia Willens, Rowan Niemisto, Jody Becker, Rikki Novetsky, John Ketchum, Nina Feldman, Will Reid, Carlos Prieto, Ben Calhoun, Susan Lee, Lexie Diao, Mary Wilson, Alex Stern, Dan Farrell, Sophia Lanman, Shannon Lin, Diane Wong, Devon Taylor, Alyssa Moxley, Summer Thomad, Olivia Natt, Daniel Ramirez and Brendan Klinkenberg.

  Our theme music is by Jim Brunberg and Ben Landsverk of Wonderly. Special thanks to Sam Dolnick, Paula Szuchman, Lisa Tobin, Larissa Anderson, Julia Simon, Sofia Milan, Mahima Chablani, Elizabeth Davis-Moorer, Jeffrey Miranda, Renan Borelli, Maddy Masiello, Isabella Anderson and Nina Lassam.

  Christopher Flavelle is a Times reporter who writes about how the United States is trying to adapt to the effects of climate change. More about Christopher Flavelle

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