Best Small Business Ideas for Men

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I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

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Name :
Date :18/02/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CIBIL TERMS AND
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To,
TransUnion CIBIL Limited
[Formerly known as Credit Information Bureau (India) Limited]
One Indiabulls building ,Unit No 1901 – 1905,
19th Floor, Tower 2A-2B, Jupiter Mill compound,
Senapati Bapat Marg, Lower Parel, Mumbai 400 013

Sub: Grant of Consent

Dear Sirs,

In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Paisabazaar (referred to as the “Company”) and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:

A. The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.

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F. I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Paisabazaar authorizing Paisabazaar to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Paisabazaar to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Paisabazaar to obtain my Consumer Credit Information.

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Yours faithfully,
Name :

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :18/02/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EQUIFAX TERMS AND
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I Mr./Ms. -------------------- ---------------------residing at ------------------------ ---------------------------------------- do hereby authorise Paisabazaar Team ,to do all acts on my behalf as may be necessary including to execute/sign application(s), make payment of applicable fees* and generally to all other acts as may be necessary to receive, on my behalf and at my request, my Credit Information Report (CIR) from Equifax Credit Information Services Private Limited("Equifax") at the following address/email id:

I hereby confirm that all the powers hereby conferred may be exercised by officer(s) or manager(s) / agent(s) / employees of the Paisabazaar who is duly authorized by the Paisabazaar.

I hereby confirm, agree, undertake and accept that I shall at all times be solely responsible for all the above actions and omissions of the Paisabazaar shall be binding on me as though such actions had been carried out by me directly. I further confirm that my CIR shall be used only for the purpose as mentioned in the attached standard terms and conditions and I shall be solely liable for, and indemnify and hold harmless Equifax for and against, any and all third party claims or damages or proceedings of any kind, arising from or in connection with (a) any misrepresentations, incorrect information or omission of any critical information in my application, or (b) furnishing my CIR based on this authorization letter, and shall not at any time hold Equifax or its affiliates and their respective officers, directors, employees or representatives liable in this respect.

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I undertake to keep Equifax intimated and informed at all times, of any renewals or termination of the authorization to Paisabazaar or any amendments, modifications or changes in the terms governing the obligations or my relationship with Paisabazaar.

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Date : 18/02/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :18/02/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EXPERIAN TERMS AND
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YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM EXPERIAN.

YOU HEREBY IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY EXPERIAN TO YOU AND PAISABAZAAR AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU HEREBY ALSO AGREE AND ACKNOWLEDGE THAT FOR PAISABAZAAR TO SERVICE YOU AS A CUSTOMER, THE CREDIT INFORMATION SHALL BE SHARED BY EXPERIAN WITH YOU AND PAISABAZAAR ON A MONTHLY BASIS. YOU FURTHER ALSO AGREE AND CONSENT TO RECEIVE SUCH CREDIT INFORMATION DIRECTLY FROM EXPERIAN AND ALSO THROUGH YOUR PAISABAZAAR ACCOUNT AS PER YOUR INDEPENDENT REGISTRATION WITH PAISABAZAAR.

Please read the Terms and Conditions of this document carefully before accepting. By clicking on the "I ACCEPT" button below, you are expressly agreeing to access the Experian Credit Information Report and Credit Score (as defined in the Important Information Section below) (together referred as "Credit Information") and share a copy of the Credit Information with Paisabazaar in the "as is" format. Please click on the link below to read and understand the Important Information section below.

** This document is an electronic record in terms of the Information Technology Act, 2000 and Rules made there under, and the amended provisions pertaining to electronic records.

Information Collection, Use, Confidentiality, No-Disclosure and Data Purging

PAISABAZAAR/ We/ Us can only access your Credit Information as your authorized representative and we shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from us on the Website. We shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

We shall protect and keep confidential the Credit information both online and offline and use best in class security measures in line with applicable laws. The Credit Information shared by You, or received on your behalf shall be destroyed, purged, erased promptly upon the earlier of: (i) your written request to terminate this relationship with Paisabazaar (ii) the completion of provision of the Services by us to you.

Governing Law and Jurisdiction The relationship between you and the Parties shall be governed by laws of India and all claims or disputes arising there from shall be subject to the exclusive jurisdiction of the courts of [Mumbai].

Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
"Credit Information Report" means the credit information / scores / aggregates / variables or reports which shall be generated by Experian;
"Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by Experian.
"CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
PLEASE READ THE ABOVE MENTIONED IMPORTANT INFORMATION AND CLICK ON "ACCEPT" FOLLOWED BY THE LINK BELOW TO COMPLETE THE AUTHORISATION PROCESS FOR SHARING OF YOUR CREDIT INFORMATION BY EXPERIAN WITH YOU AND PAISABAZAAR, IN ITS CAPACITY AS YOUR AUTHORISED REPRESENTATIVE.
BY CLICKING "ACCEPT" YOU AGREE AND ACCEPT THE DISCLAIMERS AND TERMS AND CONDITIONS SET OUT HEREIN. THE TERMS AND CONDITIONS MENTIONED HEREIN MAY CHANGE IN ORDER TO COMPLY WITH GOVERNING LAWS OF THE COUNTRY AND THE CONSUMER SHALL BE BOUND TO ANY CHANGES TO THIS AGREEMENT

Name :
Date : 18/02/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :18/02/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CRIF HIGH MARK TERMS
AND CONDITIONS

This End User Agreement (the "Agreement") is made between you (the "User" or "You") and Paisabazaar Marketing and Consulting Pvt Ltd ("PaisaBazaar"), a private limited company having its registered office at Plot No 119, Sector-44, Gurgaon-122001, Haryana ("PAISABAZAAR", "Us" or "We", which term shall include its successors and permitted assigns). The User and PAISABAZAAR shall be collectively referred to as the "Parties" and individually as a "Party".

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM CRIF HIGH MARK. BY EXECUTING THIS AGREEMENT / CONSENT FORM, YOU ARE EXPRESSLY AGREEING TO ACCESS THE CRIF HIGH MARK CREDIT INFORMATION REPORT AND CREDIT SCORE, AGGREGATE SCORES, INFERENCES, REFERENCES AND DETAILS (AS DEFINED BELOW)(TOGETHER REFERRED AS "CREDIT INFORMATION"). YOU HEREBY ALSO IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY CRIF HIGH MARK TO YOU AND PAISABAZAAR BY USING CRIF HIGH MARK TOOLS, ALGORITHMS AND DEVICES AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU ALSO ACKNOWLEDGE THAT YOU SHALL NOT RAISE ANY CLAIM OR HOLD LIABLE CRIF HIGH MARK CREDIT INFORMATION SERVICES PRIVATE LIMITED IN RELATION TO YOUR CREDIT INFORMATION REPORT AND CREDIT SCORE PROVIDED OR TO BE PROVIDED BY CRIF HIGH MARK TO PAISABAZAAR.

Terms and Conditions: Information Collection, Use, Confidentiality, No-Disclosure and Data Purging PAISABAZAAR shall access your Credit Information as your authorized representative and PAISABAZAAR shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from PAISABAZAAR. PAISABAZAAR shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

The Parties agree to protect and keep confidential the Credit Information both online and offline. The Credit Information shared by you, or received on by us on your behalf shall be destroyed, purged, erased promptly upon request from the consumer or the consumer withdrawing the consent to retain such credit information / reports by deleting/deactivating the consumers account with Paisabazaar.

Governing Law and Jurisdiction Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
" Business Day" means a day (other than a public holiday) on which banks are open for general business in Gurgaon and Mumbai.
" Credit Information Report" means the credit information / scores/ aggregates / variables / inferences or reports which shall be generated by CRIF High Mark;
" Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by CRIF High Mark.
" CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
IN CASE THERE IS ANY DISCREPANCY OR INABILITY IN COMPLETION OF ONLINE AUTHENTICATION, PLEASE SUBMIT YOUR SELF ATTESTED KYC DOCUMENTATION IN SCANNED COPIES FOR SHARING OF YOUR CREDIT INFORMATION BY CRIF HIGH MARK WITH YOU AND PAISABAZAAR (YOUR AUTHORISED REPRESENTATIVE).
ONLINE SUBMISSION - DOES NOT REQUIRE SIGNATURE AND EXECUTION"

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Date :18/02/2020

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Updated: 27-06-2019 13:27:38 PM

An entrepreneurship wave is spreading across the country. There are multiple problems that people are trying to solve through innovative solutions. The right business ideas are essential in shaping up the growth of the startup ecosystem and hence it is important for us to identify the areas where substantial growth can be conceived.

Business Ideas for Men

For individuals who are starting afresh, here are some ideas that have shown visible signs of traction and are sprouting well in the market –

  • Blogging: This is the age of internet access and social media, and with such access comes the inner desire to spread your feelings and ideas around. This has given rise to perhaps the most overlooked form of business: Blogging. With digital marketing emerging as a rising industry, a blog has come out as a primary product of the market, and one which is being explored thoroughly.
  • Freelancing: Freelancing has emerged as the most desired path to self-employment for several youths in India. This is a small business idea whose potential is almost universal. To start freelancing, you need to discern, what you are truly good at. Once you know your talent, you need to market it then proceed to customer acquisition, then work completion and then to the payment. These four steps carry on and can turn a small business into large conglomerates. 
  • Content Delivery Services: A proper paid delivery content service is something that you can be a proud of. There are many individuals online who are looking for certain niche contents. If you have the inclination for it, you can move forward with it and create a whole business around content marketing. This form of small business also entails a fair understanding of digital marketing. However, once it starts, it can morph into a good career foundation.   
  • Business Consultant: If you believe that you are truly good at something and can provide ideas to others that are out of the box, then being a business consultant might suit you. This seemingly small business can earn you about INR 56000 on a daily basis. However, it should be kept in mind that one needs to be the absolute expert to pull in this kind of money.

Web Development: For every startup, having a website is pretty much a necessity. Now, this necessity has transcended into mandatory as Startup Registration requires one to have a website. Therefore, Website Design and Development is an area that an expert might get a proper advantage from.

Must Read: Most Successful Small Scale Business Ideas in India

Small Business: Benefits

  1. Their growth potential is limitless: Small businesses where the youth are actively engaged have an unending well of potential.
  2. The timings can be flexible: In most small businesses, you can adjust time as per your convenience.
  3. No unnecessary middleman: Small ventures tend to be a hands-on task. As a result, there is no need to involve a middleman, and no profits are needed to be shared.
  4. The government is promoting them: If one is looking for the business idea to have a rock-solid foundation, then the government is here to provide aid through several financial schemes.
  5. Be your own boss: These small business ventures sometimes involve only a single individual. The small scale of this venture allows the owner to be their own boss.
  6. Business incorporation facilities: If an enterprising individual seeks to put the venture onto a legal pedestal, they can do so using incorporation of their startups into business entities like the following: 
  • Private Limited Companies
  • Sole Proprietorship
  • One Person Company
  • Limited Liability Partnership
  • Producer Company
  • Partnership Firm
  1. Full control over the business: Businesses that are self-initiated and are compact tend to be managed quite easily in a monopolized fashion.
  2. With incorporation, the businesses have a definite chance to grow: Through business incorporation or registration, small scale ventures can evolve into large conglomerates with time.

Must Read: Small Business Loans – Eligibility, Interest Rates & Top Providers 

Documents Required to Register the Small Business as A Startup

If you have a small business in mind or you are already running it, then it is better to register them as a startup for legal and financial assistance. The documents required for the same are as follows:

  • PAN card details of the proposed directors of the company
  • Copy of ID Proof of the proposed directors of the company
  • Copy of Residential proofs of the proposed directors of the company
  • Passport sized photographs of the proposed directors of the company
  • Copy of Address proof of the registered office space
  • Copy of Bank statements
  • A note explaining the business model
  • Filled application form for startup registration

The Process of Startup Registration

The process of startup registration can be construed in the following points.

  • Incorporate your business with the MCA
  • Register with Startup India
  • Upload all the documents required for startup registration in PDF only
  • Choose if you want to avail tax benefits
  • Self-certify that you fulfill the mentioned conditions
  • On successful submission of application and verification, you will get recognition number

Must Read: Startup Business Loan Eligibility, Benefits, Types & how to Approach Banks

Things to Keep in Mind While Starting A Small Business

  • Choose a business model that is the most profitable for you
  • You can ask for government assistance through business incorporation
  • Startup registration is the best choice for small businesses to flourish.
  • Always lay a foundation of your business before you start with it.

Frequently Asked Questions (FAQs)

Q1. Can small businesses be profitable?

Yes, small businesses have an untapped potential to be profitable.

Q2. Is startup registration necessary?

No, startup registration isn’t necessary. However, if you seek access to many government schemes that are aiding small businesses, then you need to obtain a startup registration.

Q3. I am running a website alone. Which type of business entity I should choose?

Well, if you are someone who is singlehandedly running a website, then you have two options for business entities: The Sole Proprietorship or One-Person Company

Q4. Are all home businesses, home-based?

No, not all of them are home-based.  However, a vast percentage of businesses are home-based.

Q5. Do I need anyone’s help for startup registration?

While the process itself is easy, it is always a good idea to let this matter be handled by experts. Fortunately, there are many business ventures in India that aid in company registration services.

Read More:

Small Business Funding Options to Raise Capital
Types of Loans to Start Business with Small Capital
Check Business Loan Interest Rates of Top Banks
Business Ideas You Can Start Online
How Can Working Capital Loans Help a Business Maintain Cash Flow?
Business Loan Options for Women

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