MOHIRE’S INNOVATIONS

TORONTO, CANADA Vijay Mohire (Vijay_mohire@yahoo.com, +1 647 739 3921)

February 20, 2013

Small Business series

Business Start-up FAQ

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Contents

EXECUTIVE SUMMARY........................................................................................................2

SMALL BUSINESS STARTUP ANALYSIS ............................................................................................2

FUTURE STEPS ....................................................................................................................3

DISCLAIMER ......................................................................................................................3

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Small Business series

Business Start-up FAQ

E XE CUTIVE SUM MARY This document is mainly meant for the clients who wish to know more about services offered by Mohire’s Innovations in area Small business Advisory. This document is meant for illustration purpose and is in draft stage. Please use you’re rational and judgement in using the content. We have provided a simple FAQ for you to judge your current state of Vision for your Dream start up or SME and how we plan to assess your needs.

Small bu siness st artup an alysi s Below questions provides you with a quick insights while you design your dream business and how every step is important in the success of the services offered by the Enterprise.

1. Why are you seeking a job as a Small business owner; There are so many jobs advertised, is it that you have

been unsuccessful in impressive Profile or feel HR s do not have a mindset to understand your unique skills?

2. How much budget do you have or think you can raise from your savings, family, friends?; being realistic is

important so that you don’t suffer from comparison paralysis

3. Is the state you wish to register your business helpful to start ups, especially if there is corruption at every step

then it’s worth of migrating to a different state or even a country where new start ups make a heaven

4. What are your unique selling items, is it products, services or a mixture of these? Many start ups do not

experiment as they will fail miserably if there is no market to buy your products as you do not have a brand

5. Do you hold a business diploma or attended Entrepreneurship workshops that can help you leverage on the

expert’s learning and avoiding pitfalls

6. Can you start getting ROI in short intervals like in one month? Because your budget is tight and if no angel

investors are present then you are sure to close your shop.

7. Do you have a large group of friends or social network where there is lot of references and word of mouth

communications in your network

8. Have you documented your service offerings and checked it from a business advisor like me who will advise so

that you do not fail in showcasing your product quality and local fit to the market niche you have identified.

9. Do you have a portfolio document to showcase the nature of work and the deliverables that you are providing?

10. Are you passionate of providing prompt service, avoiding corruption of any type, no bias on any account, being

honest to self and others on what you price and what you retain and taxes paid

11. Do you have innovative ideas and creating new solutions from existing products that sell?

12. I hope you don’t compare the earnings of others in a large sector where the employers are paid a lot and the

company profits are possibly shared to only their near and dears

13. Can you cope with someone saying NO to your service even if it the best fit for them and their needs? They

might be biased knowingly or unknowingly

14. Do you feel you can sustain and survive the ups and down of the business?

15. Do you know how to buy cheap in international market and sell at premium price in an upscale market?

16. Are your products / services give instant results and satisfaction to end users, if not then most won’t buy a

product from a startup

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17. Are you a quick learner and can adapt to new requirements and needs of client?

18. Can you sacrifice time and money for a better cause of self?

19. Do you have a home and family that can support you in bad times?

20. Do you feel you have some attribute that you can attract clients, like being from a popular faith, group,

political party, from a so called upper class or from a superior race; if not you should try to pose like one as

people believe in you and trust you

If you feel you can answer most of these then you are the person to start a SME treading the hard path and

sacrificing your initial profits for our independence. If not your fortune might be present in an MNC where you can

earn easy money and secure a safe social needs and party on the company’s profits and sales turnovers. Luck is also

very important as to where your demographic profile, personal beliefs and faith takes you may be you were born to

be pampered by someone in a fortunate MNC.

The above points can be used for checking the soundness of your existing state of art service and framework in managing your enterprise.

FUTURE STEP S

What can you do from here? Why don’t you invest in developing your business by making your Business advisor? You can you approach me for face to face consultation, coaching and guidance for further projects and improvements. We have programs to suite your needs and well planned and a process oriented workshops with stake holder and business owners. We would be pleased to take you through the steps we understand better and will guide you in your next stage of improved business. We are available at our Toronto address. You can walk in or call us or SMS us for a confidential discussion on your business improvement plans. We respect your privacy and will not request your time and resources unless you request for a service.

D iscl aimer

This document has been prepared for sole purpose of demonstrating author’s work capability and his familiarity in

working with similar tasks This document or its content is not for commercial purpose or for any advertisement but for

self appraisal and educational purpose only. Author cannot be held responsible for the accuracy of the external content

or for any copyrights owned by the respective authors. Please contact author in case of any further clarifications needed

in this regards.