How much start-up capital does a typical small business need?
The amount of money needed to launch a venture is as varied as the businesses entrepreneurs launch. First, determine how much you'll need by doing your business plan and speaking with your financial advisors. Armed with this information, you can then make an informed choice to either raise the necessary funds, or scale back your plans to match your current financial situation.
Surveys show that many self-employed business people start their business with s. 5 lacs or less -- sometimes much less. For many small service businesses, this amount is enough to establish the business, create some marketing materials, and invest in inventory.
The Government has got very attractive schemes of financial assistance for new entrepreneurs which can be availed if the entrepreneur fulfills the criteria of the scheme.