Hi Friends,
I need some help in choosing business ideas……..Let me provide the context, and then may be you guys can help me better…
I am an engineering graduate, software developer, business analyst, failed entrepreneur (pre-MBA attempt), post graduate MBA, start-up guy, now looking to start something of my own……2nd attempt at starting things, this time with a committed seed funding…..
I have a fair understanding of Technology (by virtue of employment with IT companies), and hence Computer and Internet driven businesses make more sense to me, though this is not a constraint while choosing the business. I have had exposure to several other domains – eCommerce, BFSI, Manufacturing, etc however, I am neutral to all these domains.
Recently, I have got an offer from friends and family members to start a business, they would provide the initial funding with some constraints…..and the constraints are as below:
1. The amount he can offer me is Rs 20L, in 4 installments (at the start of each quarter). No further payments will be made. Have to search for actual institutional investors after 12 months.
2. The business has to reach to a stage where it is able to break-even after 12 months. (Hence the company has to start generating revenue with-in the time limit).
3. The business has to start by 1st April 2013. At least the company should be registered, and shaped up to start working on the 1 years targets.
4. Company has to start operations in Bangalore/Delhi.
So guys…..help me out with the following questions…..How should I spot the business which could fit into the constraints placed……
Please do help me in gaining a direction in order to start this process. If you need some more information, please feel free to ask me.
Hope to hear from you guys soon.
Regards
Sarsij