Entrepreneurs in The Age Of Covid: Q&A with America's Leading Startup Thinker, Carl Schramm https://news360.com/article/529879970

Entrepreneurs in The Age Of Covid: Q&A with America's Leading Startup Thinker, Carl Schramm

https://news360.com/article/529879970

Four simple steps for entrepreneurs

I have already done this way back in 2002 when i dissolved my whole staff and started working in a new way with exactly these four steps. I just created these ideas on my  own at that time. Nobody was there to teach me. I took a very big risk. But it paid off by the grace of Allah. And am using social media to the fullest for my work. Meeting so many experts from around the world. Facebook really changed the whole world.

Source Article: https://www.entrepreneur.com/article/312056  https://news360.com/article/451214170

4 Ways Modern Entrepreneurs Break Through Old Barriers to Start New Businesses

The challenges facing the aspiring entrepreneurs are not new but the tools they have available certainly are.

Parth Misra

 

- Guest Writer

Content Strategist, Writer at Quill Canvas

Starting a business has always been considered one of the more difficult career choices. However, the acute interest with which millennials are pursuing it has changed this perspective. Indeed, entrepreneurship has a charm that is hard to resist. Why shouldn’t it be? The promise of going after what one truly wants, personal and financial freedom and make meaningful contributions to humanity is something that we all deeply cherish.

However, behind all the optimism and notions of limitless potential lies an unfortunate fact -- starting and running a company is (still) exceedingly risky. After all, there is a very good reason why 90 percent startups crash and burn by their second year. Reasons for such a startling failure rate are many, but fundamentally boil down to…

• Securing funds. In a survey in London, two-thirds of respondents said that getting financial backing was their biggest hurdle.
• Lack of planning usually resulting from no experience running a business.
• Trouble securing and maintaining a talented team of professionals.
• Not knowing what the market wants.

It’s easy for entrepreneurs to quickly become overwhelmed as they come face to face with the fact that running a company takes a LOT more work than they imagined. There are a number of variables that need to be taken into account.

One of the bigger assumptions that cripple businessmen and women alike is the notion that things must be done a certain way. It is all too common to see people with big ideas infatuated with having a large office, thinking they can do it all alone, running after VC firms for funding, having onsite staffs all the time and so on. These self-imposed restrictions do little to help them, and everything to hamper their efforts.

That being said, these problems are not new, and little do people realize that they have access to tools that can make thing a lot easier. In fact, with a bit of creativity, they can slash many of the more common problems that all entrepreneurs face. Here are four ways you can do just that.

Recruit smarter for a leaner, more effective team.

When you are strapped for cash, the risk of bad hires is too great to ignore. Full-time employees are usually more expensive as you have to pay monthly salaries and cover benefits. Not to mention, you will always find out too late whether they are any good or not. There is even evidence to suggest that an inhouse employees takes up to two years before becoming fully productive.

In such situations, startups can find great talent through the internet, too. Freelancers and contractors offer many advantages over in-house employees. Since freelancers work with multiple companies simultaneously, their employers needn’t cover their benefits or social security. They work on their own equipment which is another expense companies can not only forgo, but leverage as well.

An  employer can test through multiple candidates and find the right ones at a fraction of the cost of hiring a full-time employee. As freelancers may be located anywhere, it’s easy to create teams in different time-zones and work around the clock, too. Freelancers usually charge per project which makes them cheaper, and are easier to on-board and ramp, making scaling large projects effortless.

The biggest advantage remote working brings to the table is the ability to hire talent that traditionally wasn’t even available to employers. As your workforce becomes remote, you will no longer need to invest in an expensive office, infrastructure and slash operating costs. More affordable options like co-working spaces, working from home (or coffee shops), small business incubators and virtual offices are great alternatives that will work just as well.

Related: Top 5 Ways Freelancers Can Stay Competitive in the Gig Economy

Discovering opportunities and finding what works.

Part of the challenge (and thrill) of starting your own venture is finding out whether your ideas have any real value. We all tend to think “of course my product is useful,” but is that how people in your target market feel as well?

Finding this key piece of information can make or break your enterprise. Fortunately, there are smart ways out there you can use to feel the pulse of your market.

As you go along, you will begin to gather invaluable first-hand information on what the market wants, which marketing messages work best and which features are most wanted. At this point, it will be wise to make a list of email subscribers out of the people who are purchasing through you as well. Your list will become your most vital asset when you launch your own product. By the time you’re ready, you will have a battle tested game plan and will simply need to supplement the products you are promoting with your own.

Online product reviews: While product reviews are a great way to know whether a product delivers on its promises or not, it is also a free way to gauge what works and what doesn’t. Look for trends in reviews of products that are from your would be competitors. There are review portals for every kind of service so, finding reviews for research shouldn’t be a problem. Some review sites you can look into are…

• Amazon, Ebay, Jet: For consumer goods.
• Tripadvisor, Airbnb, HomeAway: For travel and tourism.
• Google Places, Yelp, YP: For small and local businesses.

Find a vacuum in your local market: Some of the biggest chains in the world started off small. Finding what your local community needs can be a great way to get your foot in the (business) door. That being said, locating a hidden niche in your neck of the woods is easier said than done.

Your own experience can be a great asset here. Are you aware of any products that you wished were locally available but you simply couldn’t find? You can also hop onto Google’s Keyword Tool and search for keywords related to such products specific to your city or town to see if there is any demand.

Related: How to Determine If There's a Market for Your Business Idea

Automate that marketing.

So, you have a great team and you know what the market wants, and you’re all set to begin. But as you throw the on-switch, you realize there simply aren’t enough hours in the day to do it all. Marketers often find themselves juggling between different tasks and campaigns until they are ready to drop! Happens with the best of us.

Thankfully, there are a plethora of tools out there with which you can put many of your business functions on autopilot. Since marketing will be one of your business’s more important functions in its heydays, it’s best to automate as much as you can. This way you can spend more time developing your product/service and expanding your empire.

Marketing automation can help you save a lot of time. You need not login to your CMS everytime you need to post to social media, send an email or post a blog. All of these can be setup in advance which means you will have more time to tackle the real problems. The above infographic reveals that…

• Automating social media posts can save upto six hours a week.
• Reply rate can be increased by as much as 250 percent by automating email outreach.
• 80 percent of the time can be saved by setting up appointments through an automated tool.

Marketing automation tools also come with awesome dashboards which make managing and tracking marketing campaigns easier. More importantly, they provide the right information at the right time that allows for faster, more accurate decisions.

Finally, marketing automation allows you to personalize content to different user segments and remain in contact with them. Such a feature is crucial for companies that want to build a brand as they can design and distribute content for people in different stages of the sales funnel and help them when needed.

Related: 7 Tools to Automate Your Marketing Tasks (Without Blowing Your Budget)

Become a social media ace.

By now everyone knows that social media is good for business. Unfortunately, few people know how to leverage it and turn social channels into effective marketing mediums. Part of the problem lies in the fact that businesses still think of social media as just another sales channel where people will respond favorably to pitches. Nothing can be farther from the truth!

Social media is best thought of as a gathering of family and friends rather than a tradeshow. People hop onto Facebook, Twitter or Instagram to stay in touch with people they know, to learn about what’s going on in the world, to consume funny or entertaining content and to meet new people. Notice finding products or services doesn’t feature on this list, and it’s best we proceed accordingly.

Brands that become social media stars know they need to engage with their audiences on a personal level. The 70-20-10 strategy is a well tested method for social media marketing. Here’s how it works…

• 70 percent of the content you share should be informative and insightful.
• 20 percent of the content you share should be from other sources.
• 10 percent of the content you share should be promotional.

Related: 7 Content Marketing Books to Read in 2018

The better you understand your market and its pain-points, the greater the chance of a first hit home run. Obviously, this means doing your homework before getting started. Founding a company in the traditional sense is at best a peripheral attribute of business which itself is best defined as a process to achieve desired results. How this process should look and work depends entirely on your own goals.

With the tools and methods available today, you can easily develop a small-scale prototype of the process that you intend to use. Once you’re confident that you have a working method in place, starting a company, securing funding etc becomes a lot easier.

30 Books That Shaped My Life

NOTE FROM SALEEM:

         THE INTENTION OF THIS POST IS TO SHARE INFORMATION FOR THE BENEFIT OF ALL PEOPLE.PLEASE SHARE IT WITH YOUR RELATIVES AND FRIENDS.MAYBE IT WILL HELP SOMEBODY.ITS "SADAQA E JAARIYAH" TO SPREAD KNOWLEDGE THAT HELPS OTHERS..

30 Books That Shaped My Life

At different  phases  of  life I studied  the following  books. And they are still  with me in my home library. I still refer to them when in doubt. As  per me,  they are the best. I have excluded  some  philosophical  books, sufism , imam gazzali  books  from the  list though I  have them also in my home library.

Different  stages of my life when I read  them

1.  After doing  engineering
2. Before starting my consultancy business
3.After taking spiritual guide
4.Before my marriage
5.Before  my  kids  are born
6.Before and  during haj
7.The  list  goes  on as I am moving forward in life ...you can guess yourself  by observing  the titles of the books

HOW TO DO BUSINESS IN ISLAM

HOW TO DO BUSINESS BY MOULANA TAREEQ JAMEEL

Business Ethics in Islam - Mufti Ismail Menk

A study conducted by Prof. Hussain Askari of George Washington University entitled *“How Islamic are the Islamic Countries"* showed that most of the countries that apply *Islamic Principles* in their daily lives are not ones that are traditionally Muslim.

New Zealand ranked 1st, Luxembourg 2nd, Ireland 3rd, Iceland 4th, Finland 5th, Denmark 6th Canada 7th. Malaysia 38th, Kuwait 48th, Bahrain 64th and the surprise *Kingdom of Saudi Arabia ranked 131st*.

The study, published in the *Global Economy Journal* might be shocking to most of us but when we look around us and see the reality of the situation, we find that the results of the study are accurate and true.

As Muslims we seem to care only about performing religious Obligations/Rituals/Sunnah (prayer, fasting, niqab, beards, etc), reading the Qur’an and the Hadiths, but we don't practice what we espouse.

We listen to religious lessons and sermons more than the other people on the face of the earth, but we are still not the best of Nations. In the last 60 years, we have listened to 3,000 Friday sermons.

_*A Chinese merchant once said: “Muslim merchants come to me and ask me to put fake international labels and brands on their goods. When I invite them to eat, they refuse because the food is not Halal. So it is Halal for them to sell fake goods?”*_

_*A Japanese Muslim said: “I traveled to the West and saw Islam in practice applied in the daily life of non-Muslims. I traveled to the East, I saw Islam but did not see any Muslims. I thank Allah I knew Islam before I knew how Muslims act.”*_

Religion should not be reduced to Prayer and Fasting. It is a way of life and it is about how we treat others.

Performing a religious obligation is up to you and it is something between you and Allah. However, good ethics is something between you and other people. In other words, if we do not put Islamic ethics into action and practice, corruption will become rampant and disgrace will be our future.

We should not judge a person based on how he performs religious obligations for he might be a hypocrite.

_*The Prophet Muhammad (peace be upon him) said: “Verily, the bankrupt of my nation are those who come on the Day of Resurrection with prayers, fasting and charity, but also with insults, slander, consuming wealth, shedding and beating others.”*_

I believe *Islam* (external aspect of faith) is incomplete without *Imaan* (internal aspect of faith) and *Ihsaan* (social aspect of faith). Ponder, understand and realize this.

Lord Bernard Shaw is said to have said: *Islam is the best religion and Muslims are the worst followers.*

A statement by Nasiruddin Shah before Shariyah court in Pakistani movie ' Khuda ke liye' ,

*"Haram ki kamai jeb me dale hum halal gosht ki dukan dhundhte hai" !!!*

5 home-based small business ideas for the Islamic market 2015 https://www.linkedin.com/pulse/5-home-based-small-business-ideas-islamic-market-2015-karima-s

Karima Bihaki

Islamic Market Expert ☞ Islamic Marketing & Branding | Founder BookHalalHomes

Virtual assistant

Virtual assistants are independent entrepreneurs who work from home using a computer and an internet connection (ONLY INVESTMENT) and deliver services to clients globally. The virtual assistant industry has become so popular because it helps mostly women become entrepreneurs

The best home business idea is the one that fits your background, skills, interests, abilities and needs.

Many virtual assistants offer secretarial services, but more people with diverse backgrounds and skills enter the market, virtual assistants who specialize in such areas as marketing, graphic and Web design, IT support , technical consultancy or even translations are becoming more common.

How do you get customers? After you have decided what type of services you want to offer and determined your business niche, you might want to consider joining a professional organization or networking group. This will give you the opportunity to network, build camaraderie and have access to upcoming projects.

HOW TO DO BUSINESS IN ISLAM

NOTE: The following facts inspired me to Start my own consultancy business in 1994. ENVO was born. https://www.facebook.com/envoprojects

Why I am insisting on halaal income?

The Prophet said If a man purchases a cloth with ten dirhams and if one dirham out of them is unlawful, his prayer will not be accepted till a portion of that cloth remains in his body.

Tahkeeq : رواه أحمد من حديث ابن عمر بسند ضعيف. Also narrated by In tadhkiratul Huffadh :http://library.islamweb.net/hadith/display_hbook.php…

Read more In sha Allah: http://the-finalrevelation.blogspot.com/…/14-tips-to-increa…
Follow us: thefinalrevelation on Facebook

Allah key aakhri nabi Mohammed (sallallahu alaihi wasallam) ney farmaya: ““Jis aadmi ka badan haraam rozi sey palta hai, aise badan key liye Jahannam zyaada behtar hai.”. 
(Book of Tirmizi: Hadees No. 814)

Earning a halaal livelihood

Earning a halaal livelihood is a command of Allah and the responsibility of every man. Hazrath Anas [radhiallaahu anhu] reports that Rasulullah [صلى الله عليه وسلم] has said: "It is a bounded duty upon every Muslirn to earn a halaal livelihood."

Hazrat Abdulla ibn Masood [radhiallaahu anhu] reports that Rasulullah [صلى الله عليه وسلم] said, "To earn a halaal livelihood is compulsory after the completion of other Fara'idh." (compulsory acts)

"And when the prayer is finished, disperse in the land and seek the bounty of Allah (by working etc.) and remember Allah much so that you may be successful." (Jum'ah)

The Prophet Muhammad SAW has said:"Poverty can lead to Kufr."The Prophet Muhammad SAW also said:"Take to trade, because out of ten divisions of livelihood, nine are in trade."

While running a business, one should have the intention that:

       1. I am working because it is the command of Allah.
2) To protect my wife and children from begging and to provide halaal sustenance for them. In this way saving them from haraam as well.
3) I am running this business, so that I can give employment to others so that they too, can earn a halaal livelihood.
4) The way I am going to conduct the business is going to be an inspiration to others..
5) I will not indulge in interest, overdraft etc. and that I will close my shop at salaat times.
6) From the profit I get, I will assist the poor & help in good causes, like organising free health camp for poor (Doing this through my NGO Green Shield), building hospitals,giving needy student their school fees etc.

2)     You can do this by utilizing your expertise to help your friends and relatives. You can concentrate on community work by thinking of the advancement of fellow people in their corporate or professional careers as well and many such ways. Remember, it is never difficult to benefit your friends and relatives whatever your career maybe as long as it is halal.

http://reformationofheart.blogspot.in/2012/01/importance-of-earning-halaal.html

3)     Click to read more: http://productivemuslim.com/guide-choosing-profession-benefits-ummah/#ixzz43KPxVrVg 

Click to read more http://pragmaticwealth.net/KnowledgeCentre/PDF/Earning%20Halal%20in%20Islam.pdf

There is a popular saying in Muslims "when you work on your afterlife your worldly life will automatically become successful "
To work on your afterlife you need to avoid sins and do good deeds
Sins like lying, back biting , slandering , usury , disrespecting women , being arrogant , insensitive, unfaithful to your family and country . etc
Doing good deeds like praying on time, charity , respect to parents , respect to woman, caring for neighbors, getting your kids properlyeducated to face the world,doing halaal income etc
When a person is trying to do all this then he becomes honest , generous , humble faithful person .. Who would not want to live/ work with/ under such a person .. Everybody will love such a person .. Automatically your worldly life becomes successful .
God also reminds us of our share of this world,

But seek, through that which Allah has given you, the home of the Hereafter; and [yet], do not forget your share of the world. And do good as Allah has done good to you. And desire not corruption in the land. Indeed, Allah does not like corrupters." [28:77]

All the possible misconducts including dishonesty, lying, hypocrisy, theft, fornication, inequality and sectarianism are happening in the Muslim world. Muslims have deviated from the path shown to them by their religion and adopted the path of self-interest and evil. On the other hand, all good values that were propagated by Prophet Muhammad (SAW) are adopted and implemented by today’s western world.And see how successful the western world is.

Islam Encourages Business

The Holy Prophet (SAW) has said:
"There are 70 parts of Ibadat. The best part of it is that of earning in a Halaal way, the best action is to work and earn livelihood by Halaal means. If a person earns by Halaal means then he will get the Thawab equal to the Prophets (A) on the day of Qiyamat."
The Shariah of Islam encourages Trade. There are 10 parts of earning, out of which 9 parts are in business.
However, the Imams (A) always said that a person engaging in trade must know its Masails to avoid falling into sinning.

Etiquette of doing Business

The Holy Prophet (S) said that when doing trade to note the following points :
1. No interest should be transacted (details to follow).
2. No swearing should be done even if one is speaking the truth.
3. Seller should not conceal defect of his own goods.
4. Seller should not falsely praise the quality of ones goods.
5. A buyer should not find fault falsely in goods when buying.
There are 4 Mustahabats to follow while in business transaction :
1. Price should be equal to all Muslims.
2. In question of price, one should not be harsh while dealing.
3. Give more and take less in quantitative measurements.
4. To take goods if returned if buyer does not want goods.
It is Wajib for a person to earn enough so that he may be able to feed his wife and children.
Six types of trades are Haraam:
To buy or sell intoxicating drinks, non-hunting dogs, pigs, dead animals e.g. meat, skins, hides of non-zabiha animals, etc. Other dealings involving Najis items is allowed if a good and logic use of it is being made e.g. fertilisers, etc.
To buy or sell wild animals.
To buy or sell Ghasbi (usurped) things.
To buy or sell goods used for Haraam purposea, e.g. instruments of gambling, etc.
To receive or give interest during transactions.
To sell adulterated (mixed) goods with full prior knowledge - for example, seeling a bag of flour that contains chalk as well, etc.
Types of trade which are Makruh are:
To sell ones estate or buildings, unless if one is going to buy a new estate (It is recommended in Shariah of Islam that one should live in ones own house).
Just slaughtering animals (It is said that in doing so ones mind becomes very hard).
Just to sell Kafan (shroud). As a side business it is allowed.
To do transaction with people of low morals e.g. thieves, smugglers, etc.
To do any business during the time from Dawn to Sunrise. It is the time reserved for the Ibadat of Allah.
To sell grains of foods, because if hoarding is committed then the consequences to be faced from Allah are grave so it has been made Makruh.
To swear during a transaction even when it is true.

INTEREST AND USURY

The basic element of Interest is the exchange of one commodity for the same commodity with an increase in payment. The Islamic law strictly prohibits Usury (the practice of lending money at a rate of Interest). The practice of Usury is equal to acting with hostility against Allah and the Holy Prophet (S). The Holy Quran says:
"O Believers, have fear of Allah and forego what is still due to you from usury, if you are (true) believers; but if you do not do so, be warned of war against you by Allah and His Messenger" (al-Baqarah, 2:278)
Our 8th Imam, Imam Ali ar-Reza (A) has said:
"Usury is unlawful, for Allah, the Almighty has forbidden it because it brings ruin and leads to the wastage of the property of the people. Everybody becomes interested in making easy profit and gives up the practice of advancing Interest-free loans, though it is an act of virtue to help the needy and to lend them money without Interest. In any case, Usury leads to corruption, injustice, violation of the rights of others and the wastage of property."

EVIL RESULTS OF USURY

The above Hadith clearly mentions the evil results of Usury. Other common effects of Usury are:
1. Exploitation and destruction of the poor in a society:
In most cases a person borrows money because his needs are greater than his earnings. By taking a loan on Interest, his debt becomes more than he actually needed. Furthermore, his needs begin to continue rising in more proportion than his earnings; thus widening the gap between income and expenditure. On top of the widening gap if he had to pay Interest then his position would worsen to an extent where most of his income would be used up in repaying the Interest and would not be paying the loan off yet.
2. Strengthening the rich society:
With Usury, the rich get richer; as a result the rich society takes control over both the production and consumption of commodities. They control the prices of almost all items, even those grown and produced overseas. Two extremes of the rich and the poor, the well-fed and the starving, the powerful and the powerless; are created in the society. Sadly however, these same rich society then misuses its power and influence to rule over the peoples' properties, honour and lives in any way they wish and desire. Because of their financial power, the rich become arrogant, an attitude totally denounced by Islam.
3. Discouragement towards helping a fellow Muslim:
Because of the temptation of receiving Interest in the extra money lying in the banks, one may be discouraged in advancing an Interest-free loan to a fellow Muslim who is needy, in spite of the fact that Allah has promised abundant reward for lending Interest-free loan money and has regarded this act better than giving the charity.
4. Creation of unemployment:
Due to Interest incentive, many individuals keep their money in the high Interest earning banks instead of investing in the business or industries which create employment. Even if the banks invest the money of savers, they would do it in those areas that benefit them, taking no consideration of the benefit of the poor section of the society.
5. Inflation:
Due to high Interest rates on the borrowing of loans, the production cost rises resulting into high prices of commodities. Furthermore, since the rich continues getting richer, he can afford to bid higher prices of goods especially those items whose availability is scarce.

★ MAMLAAT.DURUST.RAKHIYE _

Part - 1 ┗═════════════════✿

┱✿ Deen Ka Aham Rukn- Mamlaat Ki Safaai,

┱ Mamlaat ki Durustgi aut Safaai Deen Ka aham Rukm hai ,yani insaan ko Mamlaat mai achchha hona chahiye, Lekin afsos ye hai k Deen ka Jitna aham hissa hai ,hum logo ne utna hi isko zindgi se khaarij kar rakha hai ,

┱ Humne Deen ko sirf chand ibadaat maslan Namaz,Roza ,Hajj ,Zakaat mai hi samjha hai , Lekin Rupiya Paisa ke Len Den ka Jo hissa hai usko humne bilkul azaad chhoda hua hai ,goya k ye Deen se iska koi talluq hi nahi ,

┱ Halanki islami Shariyat ke ahkaam ka jayza liya jaye to nazar aayega k ibadaat se Mutalliq Jo ahkaam hai'n WO sirf Ek Chothaai ( 1/4 ) hai'n aur Teen Chothaai ( 3/4 ) Ahkaam Mamlaat aur Mashrat se Mutalliq hai'n,

╙══════════╜

ReF✿┅╮

📁_ Huqooqul ibaad aur Mamlaat ( Mufti Taqi Usmani DB)

★

┱✿
┋ *MAMLAAT.DURUST.RAKHIYE _*

*Part - 2* ┗═════════════════✿

*┱✿ Mamlaat Ki Kharabi Ka Asar ibadaat Per,*

┱ Allah Ta'ala ne in Mamlaat ka ye muqaam rakha hai k agar insaan Rupiya paisa ke Mamlaat mai Halaal v Haraam ka aur jaa'iz Na-jaa'iz ka imtiyaz na rakhe to ibadaat per bhi iska asar ye hota hai k chahe WO ibadaat ada ho jaye lekin iska Ajro Sawab aur inki qubuliyat moqoof ho jati hai ,Duae'n qubool nahi hoti hai ,

┱ Ek Hadees mai Huzoor Sallallahu Alaihivasallam ne irshad farmaya, Bahut se log ese hote hai'n Jo Allah Ta'ala ke saamne badi Aajizi ka muzahira kar rahe hote hai'n is haal mai k unke Baal bikhre hue hai'n, gidgida kar aur ro ro kar pukaarte hai'n k ya Allah! Mera ye maqsad poora kar dijiye ,Badi Aajizi aahozari se Duae'n kar rahe hote hai'n,

"__Lekin unka Khaana Haraam ,pina unka haraam ,Libaas unka haraam aur unka jism Haraam Aamdani se parwarish paya hua , Ese Aadmi ki Dua Dua kese qubool ho ? Ese Aadmi ki Dua qubool nahi hoti,

╙══════════╜

ReF✿┅╮

*📁_ Huqooqul ibaad aur Mamlaat ( Mufti Taqi Usmani DB)*

Startup-- having your own business, digital marketing

I CAN HELP YOU IN BUILDING YOUR OWN BUSINESS. I CAN HELP YOU ON DIGITAL MARKETING OF YOUR BUSINESS. 

NO NEED TO INVEST ANY MONEY. WORK FROM HOME. YOU ONLY NEED AN INTERNET CONNECTED LAPTOP.YOUR ONLY EXPENSE IS INTERNET BILL.

No need to register your company in the first year till your income is bellow rupees one lac.

SELECT WHAT YOU DO BEST. Always choose your strong point.Maybe its digital marketing of others products, web site making, SEO optimization , story writing, design making, social issues, problems of your area, educational awareness etc.

DIGITAL MARKETING THROUGH FACEBOOK AND TWITTER

After opening your own company from home, you should start digital marketing. You don’t require a lot of money to do marketing of your products.
Open a BLOG (www.saleemindia.blogspot.com ) and post content about your products.
Use facebook and twitter.
Open a page in facebook https://www.facebook.com/envoprojects/
And now open your own group in facebook.https://www.facebook.com/groups/205824293139146/
Discuss about your products, post photos.Photos attract more attention..

Also join many facebook groups on your chosen topic.Post your photos there.

Email marketing is best among all.  Tell in your emails how you will provide FREE SERVICE.
USE WHATSAPP ALSO TO LET YOUR RELATIVES AND FRIENDS KNOW WHAT YOU ARE DOING.. 

You need expert advice to efficiently do digital marketing.
                                              
                                             ENVO PRODUCTS

READ MY STRUGGLE STORY AT :

http://www.yourstory.in/entrepreneurs/non-tech-entrepreneurs/2290-saleem-asraf-syed-imdaadullah-founder-syed-envo-protect-i-pvt-ltd