The steps involving in setting up a new business are:
1. Seek the opportunities and for this, must have some
personal observation, contacts, surveys etc.
2. Have some idea and choose the product you want to
3. Feasibility is important to check whether an idea is good
4. Identify and collect resources.
5. Launch your project by purchasing equipment's.
6. Must keep your eye on the competition and try to manage
the business for development.