The fever of Entrepreneurship is not contagious, it’s a dream, vision, desire, zeal and enthusiasm which no other can understand.

Most of the Startups fail! most of the Entrepreneur surrender st some stage of their Startup, at the same time many of them build profitable business and sell, again they build  some other profitable venture and again sell and so on.. 
If you are one of them then you are a ” Serial Entrepreneur” 
You have mastered the Art of building business, turn those into a profitable venture and hand it over to someone else for consideration.
While on the other hand if you can build a profitable venture where you can work for rest of your life, taking care of each and everything. Infra, business, resources, manpower, efficient operation, CSR then you are a “Businessman”.
Here are some differences between a Serial Entrepreneur and a Businessman:

Idea Generator

A Serial Entrepreneur is a warehouse of Ideas, he observes the business environment keenly, analyse the opportunities and threats, assess the risk and profitability, prepare models and Launch that.

A businessman has Ideas but relevant and related to his core knowledge field, he seldom work on any Idea which is not related to his business. He has a focused approach and sticks with the Idea he initiated, he may be flexible but the core of the Idea doesn’t change. 

A serial Entrepreneur takes Initiative, he arranges each and everything and gets the thing started.
A businessman also takes initiative but he may get thing done initially and on his own as well. His intention to have a hold on the business he is starting, and turn it into an organization.

Key Parson
A serial entrepreneur plays the most Important role in the business he establishes till the responsibility is handed over to someone else. And then he moves on with new ideas and projects.Any businessman plays the most important and vital role in the organization, for the establishment which he is working and dedicated his time. He is concerned with the exploiting the commercial benefits from the goodwill earned over a period of time.

By Anupam Jaiswal

Are you planning for your Startup, here are the key registration requirement for your Startup:

1. Business Registration

It’s always a wise decision to incorporate your Startup, Incorporation means, the legal birth of your Startup according to the due procedure prescribed by the Law.
You may get your Startup Incorporated as OPC, Private Limited Company or LLP as per your need and business model.

You may also opt for Proprietorship or Partnership, but these can not be Incorporated, but these can be registered under MSME, GST , Labour Laws or Shop and Establishment Act. These structure are easy to operate but the liability of owner is unlimited as these mode do not differentiate among Owner and Business.
I always advice to my Clients, to get their business incorporated rather operating it into an unincorporated mode. As benefits are higher than unincorporated modes.

2.  Income Tax Registration

Mandatory requirement, can’t be missed or ignored. Return of Income or loss can be filed with the income tax by a taxpayer only after getting it registered on Income Tax site.
A lot of services can only be accessed after registration, these services can be intimation, Refund request, filing of income tax return, TDS report, speedy processing of returns etc.

3. Registration under Shop and Establishment Act

Every business required to be registered under Shop and Establishment Act. State law may differ care shroud be taken as per the particular law of respective state. It can also help you opening a current account.

4. Registration under Start Up scheme of Government

Startup India Scheme was launched in 2016 for promoting entrepreneurship and Startup with an underlying objective to generate employment. It offers a lot of benefits to a Startup.
a. Self Certified Compliance
b. IPR filing Simplified
c. Promote research
d. Taxation benefits
f. Funding options

5. GST registration

If your business turnover exceeds Rs. 20 lakh is required to get its business entity registered under GST.

6. MSME registration

If your business qualifies the criterion of MSME, by getting it registered under MSME act may bring a lot of benefits to the entity.

By Anupam Jaiswal