The last few years have seen a tremendous growth in the number of entrepreneurs in India. The competition is tough and there are certain things that a person who is just starting out might not be aware of.

Avi Mittal, one of the premier young entrepreneurs in India shares ten tips from his personal checklist for everyone who aims to start their own business ventures and become the next big thing.

1. The core idea for the entrepreneur should be extremely strong

2. Do not kill your imagination but instead try to turn it into practicality as well

3. Thorough study of the market that you plan to enter and know your competition

4. Evaluate whether your product is the need of the hour. Check how much your product is in demand. For example: in the last two years, because of the pandemic, Medtech has become an highly sought after market

5. Your marketing strategy has to be on point in the initial phase. Don’t run in multiple directions, focus on a specific medium

6. Being bootstrapped and knowing your business is an extremely successful business model

7. Go out and seek at least some mentors in the same field that you plan to get on.

8. Always have realistic valuations of your company

9. Be calculative in terms of diluting the equity of your company

10. You must be the most well researched person on your topic at all times in any room .