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Areas of Startup Consultation and Need of Professionals
Areas of Startup Consultation and Need of Professionals
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Areas of Startup Consultation and Need of Professionals. Startups can be called the confluence of IDEA and INNOVATION! While the entrepreneurs focus on the ‘WHAT’ phase, often they seem to be less aware of the ‘HOW’. This is where the consultants come into the picture. Getting started is not an easy task, with so many unknown factors to consider for an entrepreneur. At this fragile stage, the founders should seek expert assistance which improves their chances of success. When starting a new business, most entrepreneurs do not have the expertise across all areas of the business. Even if that would be the case, it would not be beneficial. The right task must be done by the right person thereby ensuring efficiency. To get things going, knowledge in advance becomes extremely essential, and this knowledge comes through an expert. Thus, Startup Consultation becomes a very important area to be considered for the successful setting up and continuance of the business. AREAS OF STARTUP CONSULTATION Startups are like fresh seeds which are a result of innovative ideas, but they grow and develop only when they are well fed with the expertise of business knowledge and acumen. Given this fact, it becomes imperative to understand the need and areas where growing businesses can seek consultation. We at Compliance Calendar, work in direct coordination with investors and entrepreneurs. We understand that starting a new venture is not an easy task. To be successful with a new business venture much has to be done correctly. One can identify numerous areas of seeking expertise depending upon the size, type, and business of the venture. Following are some of the areas where we offer consultation- STRATEGY & BUSINESS PLANNING: Getting the right know-how concerning the strategy of developing/creating of business is the primary step to get the business running. The right strategy would imply the right direction for growth in the initial as well as the later stages of the business cycle. BUSINESS STRUCTURE & FORMATION: According to the current state and growth plans, a startup consultant would advise the best-suited business structure to begin with your business, it does not matter whether it's a Private Limited Company or a Limited Liability Partnership along with proper certificate requirement control. VENDOR SELECTION: Startup businesses, in the beginning, have to hire several vendors to establish critical components of the business. Consultants help clients by providing reliable teams to execute those critical elements of starting a business. OUTREACH & GROWTH: The right set of professionals help you targeting and reaching out to your desired audiences while scaling up based on your goals to keep you profitable for the long run. Thus, when you fetch an expert opinion, the chances of better reach and growth multiply, and things move forward in a much smarter manner. RESEARCH & ANALYSIS: The sheer importance of intelligent research can be observed in the amount that organizations spend on research and analysis in a business. Thus, a team of consultants brings quality research and analysis that would be beneficial for the entrepreneurs. NEED OF PROFESSIONALS IN STARTUP CONSULTATION Having talked enough about the importance of knowledge and experience needed to begin the business, it is essential to choose the right people to share their expertise. The role of a Qualified Professional is unmissable while setting up a business. These professionals come from varied fields with conceptual and practical knowledge that proves to be beneficial for startups and their owners. Such professionals include- Chartered Accountants Company Secretaries Lawyers Investment Bankers MBAs Cost & Management Accountants BENEFITS OF HAVING PROFESSIONALS AS STARTUP CONSULTANTS 1: Unbiased Feedback and a Fresh Perspective Unbiased and honest feedback can be immensely beneficial to startup enterprises. An outside consultant can impartially point out internal and external issues and threats that business owners may not realize exist. Startup consulting experts see your business as a part of a larger ecosystem that includes your industry, target audience, and competitors. New business consultant experts provide an objective external outlook on your startup’s practices and business model. Their feedback on details of work execution, organization, and other critical aspects displays the true state of your business and lends specific direction on how to improve it. 2: Specialized Insight & Relevant Industry Expertise A business startup consultant possesses the know-how for identifying a business’s potential within its market and creating a detailed plan for how to move it forward. Therefore, these experts are in a position to provide valuable advice on management, strategy, marketing, finance, and other facets of leading a business to decision-makers and executives who may be new to the world of business or would benefit from an extra set of eyes and an expert opinion. 3: A Results-Oriented Approach to attain Business Goals New business consultants take the time to learn about your company’s specific challenges, needs, and goals to help you grow and overcome business obstacles. Knowing that every startup venture is unique, an experienced consultant will not offer “one-size-fits-all” solutions. Instead, they will adapt their strategy and plan of action according to each client. A consultant will recognize all of these unique traits in your business and adapt your strategy accordingly. 4: Long-Term Cost Reduction And Time-Saving Acquiring the expertise of a startup consulting specialist reduces costs and saves time in the long run, because they focus on your company’s sustainable profitability. Finance professionals like CAs, Bankers, etc. can help in financial modeling and laying out plans, and preparing budgets for the future. For example, a consultant can point out areas in which you can reduce your budget and save money, explain how to keep your taxes as low as legally possible, and suggest a feasible budget for building and launching a product or a service. They can also identify issues related to your internal structure and processes that may be the cause of ineffective day-to-day work, leading to deadline issues. By ensuring that your processes are streamlined effectively, a consultant can help you cut costs without cutting corners. 5: Access To Valuable Resources Business startup consultants have access to valuable resources that may give your company the important edge it needs in its development phase and empower you to make informed decisions. ROLE OF COMPLIANCE CALENDAR The increasing number of startups has led us to ponder upon developing creative and efficient solutions to the setting up of business. At Compliance Calendar LLP, we are committed to providing start-up consulting services at all levels. Our Start-up Consultation includes right from the ideation stage and we aim to bring forth expertise at all levels. Our team comprises of professionals who have diverse experience of serving as Board Mentor to some of the leading startups in India. Our offering covers everything like deciding the type of business structure, financial strategy, risk management, SOP Compliance and Financial Modelling. We are a well-equipped team of young professionals with the zest to help you with your legal, financial, funding and management solutions. FREQUENTLY ASKED QUESTIONS (FAQs) What Does A Startup Consultant Do? A startup consultant would undertake the following responsibilities: Consulting with key individuals within the business about operations and strategy. Discussing findings, proposals, and recommendations with management and founders. Navigating the business through the startup space, while enhancing specific competencies and development phases Advising on matters related to finance management and upkeep of the legally compliant business structure. Do adequate research which becomes useful for growing businesses and new entrepreneurs. What Consulting Services do startups need? All startups require some or the other consultation depending on the business they are in. However, some of the very basic and universal kind of consultancy services that a start-up may look for would be- Incorporation of business Services Finance & Accounts Services Inventory Management Digital Marketing Legal Services Funds Management Why do Startups need a Consultant? Startups are though backed by innovative ideas, tend to miss out on the expert knowledge for actually beginning the business. Since a business is just not doing things but also complying with a lot of rules, it is advised that the startups have a well-versed consultant throughout their journey. A consultant comes with a holistic approach to streamline the business services- both core and ancillary and aids in the growth of the startup. What to know before going for Startup Consultation? Things to know before going for startup consultation- Strengths and weaknesses of the entrepreneurs Understanding the areas where time and efforts are needed The approach of the Consultant and its way of working Apart from the precise points above, an entrepreneur must identify the critical areas which require professional expertise and then combines the needs of the startups with the services of the consultant. What to look for in a Startup Consultant? A startup consultant is not a one-dimensional professional/individual. In fact, he/she is the one who comes with a dynamic and multifarious approach to solve the problems of the entrepreneur. Some of the must-haves in a startup consultant would be- Well-versed and Well Researched professional knowing business and its processes; Enthusiastic and dynamic individual with great insights into the business; Well updated with the changing business environment; Creative and Innovative thinker; A go-getter and initiative taker; Understanding the needs of the business owner; Ability to communicating effectively; Curating business plans for the achievement of business goals. Who are Startup Consultants? On noting the kind of services that entrepreneurs are looking for in a consultant, it is quite clear that the consultant should be well qualified professional. Keeping in mind the various areas of services, the role and qualification of consultant may vary; eg. For Business Processes and Development- MBAs Accounts, Finance and Funds Management- Chartered Accountants Legal Compliance, Statutory approvals, and Representation to Government Authorities- Company Secretaries/Lawyers Raising Funds- Investment Analysts Marketing- Social Media Enthusiasts/Digital Marketing Professionals These were some FAQs we thought could pop your mind! However, there is no limit to creativity and we would love to know what goes on your mind about startup consultation! You may write to us or just call away. We would love to navigate you through this dynamic journey! HOW CAN COMPLIANCE CALENDAR LLP HELP? Looking at the pace India is making in the development of Start-up culture; it becomes imperative to give due consultation to Start-ups. We focus on supporting you in every step while serving you with the service of your requirements. We also offer you a complete service package to serve you before, during, and after the service you require so that you feel you always have one professionally managed firm to guide and support you. Reach out to us at startup@ccoffice.in or WhatsApp/Call at 9988424211
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Start Your Business
Private Limited Registration
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Section 8 Company Registration
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NBFC Company Registration
Producer Company Registration
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Foreign Branch Office
Foreign Liaison Office
Foreign Project Office
Overseas Company Registration
Proprietorship Firm Registration
Partnership Firm Registration
Grow Your Business
GST Registration
MSME Registration(UDYAM)
Shop & Establishment Registration
Startup India Registration
ESI/PF Registration
IEC Code (Import Export)
Startup Consultation
Appoint Virtual CFO
Angel Funding/ VCs
Virtual Office Service
Due Diligence of Company
Business Development
Protect Your Business
Trademark Registration
Trademark Objection
Trademark Hearing
Trademark Opposition
Trademark Infringement
Trademark Renewal
Trademark Assignment
Trademark Withdrawal
Trademark Monitoring
Logo Design Service
Copyright Registration
Patent Registration
Exit Your Business
Close Company
Fast Track
Close LLP
Close Firm
GST Cancellation
Change Services
Change Company Name
Change LLP Name
Change Company Object
Change LLP Object
Increase Authorised Capital
Increase Paid-up Capital
Increase LLP Capital
Transfer of Shares
Alteration in MoA & AoA
Resignation of Auditor
Appointment of Director
Resignation of Director
Change in Designation of Director
Shifting Registered Office of Company
Shifting Registered Office of LLP
Dormant Status of Company
Mandatory Compliances
Appoinment of Auditor
Annual Filings of Company
Annual Filings of LLP
Annual DIN/DPIN KYC
Annual Return of Deposits
Half Yearly MSME Return
Statutory Registers & Minutes
XBRL Filing of Companies
eStamping of Share Certificates
Dematerialisation of Shares
RBI FEMA Compliance
GST Returns Filing
ESI-EPF Returns Filing
TDS Returns Filing
Change in Structure
Proprietorship to OPC
OPC to Private Limited
Private Limited to OPC
LLP to Private Limited
Private Limited to LLP
Partnership Firm to LLP
Private Limited to Public Company
Public Company to Private Limited
Trust/Society to Section 8 Company
Existing Company to Section 8
Existing Section 8 to Company
Services
Accounting & Book Keeping
GST Compliance
Valuation Services
Corporate Litigation
Company Law Advisory
Services For Banks
Drafting & Vetting Services
Startups Funding
Business Loans
Get in Touch
NBFC
NBFC Company Registration
NBFC Micro-Finance Registration
NBFC P2P Lending Registration
NBFC Core Investment Company
NBFC ROC Compliance
NBFC RBI Compliance
NBFC License Restoration
NBFC Business Plan
NBFC Acquisition
NBFC Consultancy
NBFC Compliance Calendar
NBFC Independent Director
ISO
ISO 9001:2015
ISO 14001:2015
ISO 13485:2016
OHSAS 18001:2007
HACCP Certification
CE Marking
GMP Certification
CMMI Level 3 Certification
ISO 22000:2005
ISO 27001:2013
FSSAI
FSSAI Registration
FSSAI State License
FSSAI Central License
FSSAI Registration Renewal
FSSAI License Renewal
FSSAI Returns Filing
FSSAI Compliances
FSSAI Consultancy
ITR
Salaried Person
Firms/LLPs
Companies
NGOs
Income Tax Notice
Income Tax Planning
Income Tax Litigation
Charity
Section 8 Company
Trust Registration
Society Registration
80G & 12A Registration
FCRA Registration
NITI Ayog Registration
CSR-1 Registration
CSR 2 Report
CSR Services
NGO Consultancy
NGO Handholding
Govt Grants Support
Partnership
Angel Investors
Venture Capitalists
Co-Working Spaces
Banks and NBFCs
Incubation Centres
Government Wings
Institutional Bodies
Software Companies
CA/CS/CMA/Lawyers
Press & Media Houses
Overseas Ventures
Other Startup Enablers
Contact Us