License in India

Business Service Industry

Business Service Industry?

Business services are a recognizable subset of economic services and share their characteristics. The essential difference is that businesses are concerned about the building of service systems in order to deliver value to their customers and to act in the roles of service provider and service consumer.

A service is a set of one-time consumable and perishable benefits that are:

  • delivered from the accountable service provider, mostly in close co-action with his internal and external service suppliers,
  • effectuated by distinct functions of technical systems and by distinct activities of individuals, respectively,
  • commissioned according to the needs of his/her service consumers by the service customer from the accountable service provider,
  • rendered individually to a consumer at his/her dedicated trigger,
  • and, finally, consumed and utilized by the triggering service consumer for executing his/her upcoming business activity or private activity.

India is growing extremely competitive and giving tough competition to other countries when it comes to providing services. A large number of foreign countries prefer India as their hosting partner for business services, sometimes they even prefer to open a branch office.

Business Service

Legal activities

Accounting, bookkeeping and auditing activities; tax consultancy

Activities of head offices

Public relations and communication activities

Business and other management consultancy activities

Translation and interpretation activities

Activities of employment placement agencies

Temporary employment agency activities

Private security activities

Security systems service activities

Investigation activities

Combined facilities support activities

General cleaning of buildings

Combined office administrative service activities

Photocopying, document preparation and other specialised office support activities

Activities of call centres

Organisation of conventions and trade shows

Activities of collection agencies and credit bureaus

Packaging activities

Other business support service activities n.e.c.

Role of Shamkris

A Project Report is a document that provides details on the overall picture of the proposed business. The project report gives an account of the project proposal to ascertain the prospects of the proposed plan/activity.

Shamkris will provide a Project report covering Industry License requirements, competitor analysis, Land requirements, machinery requirements, equipment requirements, and financial requirements.

Some of the areas covered in the project report are outlined below:

  • Introduction
  • Project Description
  • Uses and Applications
  • Market Survey
  • Raw Materials
  • Manufacturing Process
  • Process Description
  • Process Flow Diagram
  • Plant Layout
  • Details of Plant & Machinery
  • Suppliers of Raw Materials
  • Suppliers of Plant & Machinery
  • Plant Location Factors
  • Land & building Required
  • Power and Water Required
  • Details of Manpower Required
  • Financials of the Project
  • License and application Certificate

Financials of the Project includes:

  • Land and Building Costs
  • Plant and Machinery Costs
  • Other Fixed Assets
  • Fixed Capital Investment
  • Raw Material Costs
  • Salaries and Wages
  • Total Working Capital
  • Cost of Project
  • Total Capital Investment
  • Cost of Production
  • Turnover per Annum
  • Profitability Analysis
  • 5-year Profit Analysis
  • Break-even Point
  • Resources of Finance
  • Cash Flow Statement
  • Projected Balance Sheet

FAQ

Examples of pure service businesses include airlines, banks, computer service bureaus, law firms, plumbing repair companies, motion picture theaters, and management consulting firms.
Business services is a general term that describes work that supports a business but does not produce a tangible commodity. … A good business service aligns IT assets with the needs of a company’s employees and customers and support business goals, facilitating the ability of the company to be profitable.

There are 4 main types of business organization: sole proprietorship, partnership, corporation, and Limited Liability Company, or LLC. Below, we give an explanation of each of these and how they are used in the scope of business law.