Why go for second best?
Your New Company deserves the absolute best!
Why go for second best?
Your New Company deserves the absolute best!
Let's launch your Business in no time!
At TAXAJ, our experts have successfully helped many domestic & international businesses take root in a step-by-step manner using a proven framework. The process to start and manage a company has changed drastically over the past few years. Therefore we are constantly updated to stay ahead and keep our clients on top of their competitors. We are dedicated to our work, so come to us and let's launch your startup in no time. With our automated incorporation process, you can manage your business at your fingertips & the most affordable charges.
Talk to our team who can help you realise your dream into reality. We will assist you in analysing your business plan, modus operandi, and viability projection keeping current market scenario in mind.
All about making a Successful Start Up.
Leading from Front
TAXAJ is recognized under Startup India Initiative, that's why you know that your enterprise always in the safest of hands with Team TaxaJ
How to get Funding?
You need a good business idea. If your business idea has potential to grow, trust me there will be no dearth of resources and funding. These days even big business houses and top executives of companies are not shying away in putting their hard earned money in a truly viable project.
What is Start Up India Initiative?
Startup India Initiative is a flagship program by the Government of India to build a robust ecosystem for nurturing innovation and enterprise. The initiative is aimed at empowering startups to grow through innovation and design.
Since 2014, when this government came into power, it has rolled out numerous action plans to transition the business process. It has also facilitated that how businesses launch and operate smoothly. Many benefits & programs have been announced to promote the start-up ecosystem in India under the program.
How do I know if my business qualifies under the Startup India initiative?
If you fulfil following conditions, you are eligible to apply under the scheme subject to government qualifiers:
👉 Yours entity is incorporated or registered in India.
👉 It is not older than five years.
👉 The annual turnover should not have exceeded INR 25 crore in any preceding Financial Year.
👉 It is working towards innovation, development, deployment or commercialisation of new products, processes or services driven by technology or intellectual property.
What are the benefits under Startup India Initiative?
The scheme has brought a bunch of benefits for the startup to launch in a cost effective manner, procure funds, get their intellectual rights protected at subsidised rates among others.
👉 Tax benefits
👉 Intellectual Property rights protection
👉 Simplified process
👉 Mentorship by industry experts & ease in procurement of funds
Why should you have your own Business or Start-Up?
Having a Startup is a tricky thing to do but not an impossible one. It will also need a hell of a lot of hard work, dedication, sweat, passion, knowledge, and whatnot. In the end, all of it will be worth it. Let's discuss some reasons why should you go for your startup:
Money is a big reason people start their own companies, so let's cover this one first.
The next option is to join an early-stage startup. You have a bit more information than playing blind on your own — you may see some early traction and product-market fit to make a better-informed decision that reduces your risk and your reward, as you'll likely get a much smaller equity stake. Your compensation is made up of a low salary and equity at this stage. The value of your equity stake could grow 10,000x over the next few years, depending on your choice of startup and its growth.
The single most significant thing that people crave in their work is ownership. Ownership is when you take complete personal responsibility and accountability for the success of your business or project. You are the one driving things forward, shaping the direction, coming up with new ideas, taking the initiative, getting others on board and generally maintaining awareness of all aspects of the project. You actively seek out the blind spots of the team, making sure nothing has been forgotten or missed, and you instantly jump in to resolve problems when they arise.
Ownership and leadership both are important for business. You put forward ideas because nobody else has. You draw attention to issues because nobody else has. You jump in to fix problems because nobody else has. You do everything which everyone else has missed and consequently, keep the team and project on track while acting as a last line of defence.
Another reason I've heard for doing a startup is that it's more fulfilling to go from Zero to one rather than 1 to n. You'd instead help a small company grow 100x than help a big company grow 2x. It's terrific about building something up from nothing. People are driven towards a common cause, unite together and work hard to achieve their goals. There's a great sense of camaraderie and shared ambition.
Wearing Many Hats
Another common reason people wanting to do a startup is that it's the only thing that sufficiently pushes them to expand their skill set in such a wide variety of domains. As a startup founder, you'll have to switch between engineering, product management, design, sales, marketing, fundraising, people management and public speaking. People thrive off the challenge required to excel in so many diverse fields — all in the name of doing whatever it takes to get their startup off the ground.
Related to the last two points, I think a big part of founders' desires to start companies is their need for self-expression. Working in a big company requires you to work on things that align with the company's mission, values and priorities. When this aligns with what matters to you, you feel fulfilled, and your work can be a form of self-expression. The process of creating something new & unique and releasing it out into the world for others to interact with is high that many of us seek.
Extracting the Fruits of Your Labour
People don't like the idea of making someone else richer. By working at a big company, you're just making the founders more wealthy and only taking a slice of the value you're creating for yourself. But the same is true if you start a startup. You'll have some investors you'll be working to make more affluent, and since your equity stake is < 100%, you'll never fully extract all of the value you create for yourself.
People make another related point about doing your startup: you can condense three years of work into six months by driving yourself harder than you thought possible. If you work on the right things in a startup, you can reap three year's worth of value for yourself after those six hard months. But in a big company, it's said that you don't have this option — if you decide to do three year's worth of work in 6 months, you don't get rewarded in proportion.
Excitement makes sense as taking risks can be sometimes thrilling & exciting. People often find the idea of starting their own company more exciting. It's a different kind of excitement — the excitement of building something new, with no idea of whether or not it's going to work.
We're simply playing catch up for some products by building products that our competitors or partners have already made. But they are groundbreaking new ideas, sometimes powered by novel technology, which we get to develop for other products. And we have no idea of whether it's going to work. But if it does, the potential impact can be huge.
As well as ownership, entrepreneurial people deeply crave autonomy. Indeed, freedom is what allows them to invest in a product to care about it deeply enough to take ownership of it. In a startup, you have a significant degree of autonomy over what you do and how you do it. Nobody can tell you what to work on — it's up to you to decide what the best thing to work on is. Startup founders need to convince investors and other stakeholders of their proposed direction, engineers and product managers need to convince their company leadership.
The best reason for someone to start a company is that they are passionate about solving a problem that either they have or people they know have. Passion for the problem you're solving is what will get you through the tough times that lay ahead as you struggle to make your startup a success. It can keep you motivated when you feel like quitting. It brings meaning and purpose to your work.
Far too often, people pursue startups because they sound like good ideas. These are the kind of ideas people jot down in their "ideas list". I'm a big fan of Michael Seibel's advice to keep a "problems list" rather than an "ideas list". You'll usually only be passionate about a problem that affects you or people you know so that passion can be great early validation for your situation. It also makes it more likely that the issue you are solving is real and worth solving. If you deeply care about solving a problem, and a big company is not the right place to do so, this is a great reason to go out on your own.
The best reason to start a startup is to solve a problem you're passionate about. Passion leads to excitement, ownership and the motivation to stick it out when it gets tricky. It also makes it more likely that the problem you're solving is real and big enough.