Groundwork:
Validate your idea. Check with potential customers, stakeholders, study your competitors, identify the issue/challenge. Gather realistic data from real people.
The journey:
Has already began…
My advice, start alone. Prepare a business plan. Join Startup India Learning program.
Form your entity:
- Proprietorship
- Partnership
- Limited Liabilities Partnership
- One Person Company
- Private Limited Company
If you are really decided and dedicated to work on your idea, go for a private limited company. In this structure you can utilise the optimum benefits. Of course, legal and statutory obligations are more.