it is very difficult , wellnigh impossible to start a new business in India. New entrepreneurs are seldom made

Question

Banks do not provide finance, no way to prepare long list of documents required by banks to sanction term loans and working capital. Partners are not forthcoming. It is only partnership in profits and not for hard work and losses

Answer 1

It is also the same in Canada if you lack the credit and wish to start from nothing into everything.

The key here is to start small. Save what money you can and start building a business from the ground up. You can provide a service, say for instance a Janitor service(just an example). You can start with a few people you know and a few cleaners and bikes, then move up to a car, then add more staff and add headquarters.

Point is you can take steps to start from the bottom up. People did this before banks started lending money, and it is a way to go into business without going into debt, because you build on your success, it's also a way to not go into a bad business because you just won't be able to.

There is another option, which may make me sound moronic but could work. I've heard in India in some places there's still a dowry system. If you are single and female you could marry a like-minded man and use the dowry money to invest in starting a small business. This is not the simplest of options but it is one.

Answer 2

Because in india limited sources of opportunity prevails to do small business and finance not available easily.Secondly our system is not appropriate to establish new venture.

Answer 3

this is true .though wht kind of business r u trying to set?
as i m also trying to set up one.wil b gud if v can discuss further