What is the process to start New Business formation?

 The process begins with market research to identify a viable business idea and target customers. A well-thought-out business plan is crucial, outlining the business concept, financial projections, marketing strategy, and operations. Legal and regulatory requirements, such as registering the business and obtaining necessary permits or licenses, must be met. Securing financing, setting up operational processes, and hiring the right team are key steps. Successful new business formation involves thorough planning and execution to position the business for long-term success in the competitive market.