7 Things Startup Mentors at Evoma Can Do for Founders

Evoma has commercial business centers where you can get office space for rent in Bangalore. But startups, especially entrepreneurs with an idea or early stage venture, will go towards facilities, services and technical assistance that they need.

Grow your Startup at Evoma

Call now: 08041903000 or inquiries@evoma.com

evoma startup office space in bangalore, with mentorship

In this post, you will learn about value-added business growth services for startups at Evoma, courtesy the kind support of mentors and their desire to give back to the startup community.

These are extremely successful startup founders at Evoma who want to mentor budding entrepreneurs, opening doors that can put your new business on the fast track.

This is a list of seven things that Evoma and our startup mentors can do for entrepreneurs and new startups trying to commercialize an idea into a business.

1. Seed funding through government grants and loans.

You have an idea, and you want to see if you can make a business out of it. In order to take it there, you need money at every stage. Secondly, if an investor or lender or partner is willing to give you funding for it, that is in itself a good sign and ratification of the potential of your idea.

We can connect you to successful entrepreneurs, investors, VC fund managers and others who can give you their candid views and advice. Secondly, we hold funding events at Evoma where you can meet government officials, investors and bankers.

These government officials tell us they want to talk to startup founders who need financial assistance from SIDBI or the MSME Development Institute.

evoma event - government funding loans from sidbi and msme di

Evoma is not just your office space, but also a place where you attend startup events, and talk to people who want to give you funding – because it’s their job is to help startups and small businesses grow.

2. Business registration and compliance.

Entrepreneurship_how_to_start_a_startupFrom a business point of view, what do you need to do to launch your startup? A bank account to receive and send money. For that, what do you need to do? Choose a name, decide the business structure, and register it.

Then there’s the taxation and compliance issues. GST – do you need it? How to register? What other licenses and permits do you need? What are the compliance requirements for eCommerce retailers selling stuff online on eBay or Amazon or Flipkart?

What about software development, or a manufacturing unit, a biotech company, an export unit, a fintech startup, an aerospace or automotive supplier? Each of these sectors have their own registration and compliance requirements. If you don’t know what that is, you need a CA or accountancy firm that specializes in providing business support to startups.

Evoma startups don’t have to worry about all this. We have Partners who are one-stop service providers for accounting, tax, and secretarial compliance. They will tell you what to do, and get it done for you. Evoma has mentors who have registered businesses and done all the compliance, and can explain it to you – step-by-step.

3. Business plan development.

Busines plan to start a business in IndiaIf you go to a banker for a loan, or to a venture capitalist to pitch for startup funding, they’ll ask you if you have a business plan with all the numbers, including projected expenses, revenue, and growth.

As a sound business practice, you should anyway have a business plan so that you can refer to them every quarter and see if your business is keeping track with the projected numbers.

One of our financial services business partners above, such as Agilis, will be happy to develop a business plan for an Evoma startup. Mr. Gopinath Rao, Asst. Director of the aforementioned MSME Development Institute in Bangalore, told us during the event at Evoma OMR that they will help startups develop their business plan.

His contact details are there in the image above, or you can simply contact MSME DI and ask to speak to someone who will help you with your business plan.

4. Patents and trademark applications.

IP Rights - Patents, Tradesmarks, CopyrightsYou have an idea, and you want to turn it into a business. It’s an intellectual property you have here, and it must be legally protected from the outset.

How to apply for a patent or a trademark? What is the procedure and documents required, and the cost?

We already have detailed guides about all this on this site, but that’s just the official version. We’ll additionally refer you to Evoma mentors who hold patents and trademarks, so they can explain the reality of the application process.

Then you can meet and hand over all the documents to an Evoma Partner for IP services who will file your trademark or patent application.

5. Website design and development.

Once your business is up and running, you need a professional website that sends the right message to your desired set of customers. An online presence is now your first point of contact with potential customers, and you want to make a good first impression.

evoma-office-orr

If you like this website, we’ll refer you to the web design firm that made it. We also have other graphic designers who can make fantastic images, logos, banner ads and other creatives for your website, social media and other marketing materials.

6. SEO and digital marketing campaigns.

The goal of a business website is to engage customers and generate online sales, or leads that could result in sales. You don’t need to know what is SEO, because there’s no such thing, when you peel away the layers.

It’s just good content that positions you as an expert in your business and product or service. The rest is about reaching as many of your potential customers as possible. Just think of your website as a scalable way of listening and talking to your customers – one-on-one.

How do you actually do it? You optimize your website for users through relevant content and UX, followed by social media marketing, email marketing and other forms of online outreach.

Download this list of useful inside sales tools.

If you need mentorship in this area, Evoma has many capable digital marketers and startup founders who have developed and run massively successful online and social strategies. They’ll talk to you and provide ideas and plans to get your SEO and digital marketing up and running.

7. What not to do.

There’s a lot more we can cover under mentorship and partner services to help you grow, such as sales tips, exports and expansion into new markets. But before you get to that stage where you start thinking about growth, you’ll run into a few obstacles. It’s inevitable and part of the startup pains that every business has to go through.

The difference between a failed startup and one that succeeds is the ability to avoid common mistakes, and get through rough patches without giving up.

This is where the mentorship provided by some of Bangalore’s most successful business leaders and entrepreneurs, such as Evoma MD Ashok Vohra, will prove invaluable to you. They will tell you what to do, and what not to do.

Grow your Startup at Evoma

Call now: 08041903000 or inquiries@evoma.com


 August 20, 2018  Dolly

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