In India cricket is very popular sports and if you are thinking of starting a new cricket academy then it will be a great idea for making good money. Process of making a new cricket academy is very simple first you have to do a market research so you will get ideas about the market situation and after market research you have to plan each and everything and you should register your cricket academy with required legal registration so you don’t have to face any legal trouble in future. This article will give you an idea about the Udyog Aadhar and GST registration and other registration required for your cricket academy.
How to start cricket academy in India
- Market research is the most important thing before starting a cricket academy because a cricket academy required a good planning and good plan can be made only after a good market research. During Research you will find about the other competitive academy and their services. So research is very important for planning of cricket academy.
- You have to find a good location for your cricket academy which should be convenient to the people. In today’s time there are many cricket academy available in the cities so you have to find a good location where most of people can join your academy.
- Hire experienced coaches to your cricket academy because they will teach students so you have to hire coaches. You should hire experienced coaches so more people will attract to your academy.
- You have to purchase all required equipment for your cricket academy. A cricket academy requires a lot equipment and you have to purchase all necessary equipment like bat, ball, wickets etc.
- As above mentioned that a cricket academy requires lot of capital if you don’t have capital then you have to apply for loan. In India government launched Udyog Aadhar scheme in which you can get loan on low interest rates from the bank. Udyog Aadhar is a 12 digit unique number which is allotted by the ministry of micro, small and medium enterprises. It is like MSME registration and it has many benefits like you will get loan on low interest rates and you will get subsidy from the various government schemes. You can easily apply for the Udyog Aadhar registration as you can apply through online mode and it does not required any documentation. So you should register your cricket academy under Udyog Aadhar so you will get many benefits from the government schemes.
- GST registration is most important thing for your cricket academy because you are providing a service and according to GST laws if you are providing a service or selling a good then you have to register your business under the GST laws so you have to register your cricket academy under GST. According to GST laws GST registration is mandatory for those whose turnover is more than 20 lakh rupees and in some states limit is 10 lakh rupees and in case of failure of registration you may have to face punishment of imprisonment and fine. GST registration process is very simple you can file your application through online mode. After GST registration you will get your GST identification number which is your GST identity.
- You should also register your cricket academy with Trademark registration because trademark registration will secure your intellectual property rights. Trademark registration will secure your logo and brand name of your cricket academy and after trademark registration you will get exclusive rights on your brand name and logo. In case if you are not registered under trademark then anyone can copy your brand name and logo and can misuse it so you should register your brand name and logo under trademark registration.
- Most important thing for your new cricket academy is advertisement you have to advertise your cricket academy so people will know about your cricket academy. You can give your advertisement of social media website it is very popular nowadays so you should advertise your cricket academy.
If you are thinking of starting a new cricket academy then it is a great idea and you can start your own cricket academy with a simple procedure. First you have to plan each and everything then you will succeed easily. As you can see above that Udyog Aadhar registration is very important it will give you many benefits under the various government schemes and also you will get loan on low interest rates so it will decrease of cost. So if you are thinking of starting a new cricket academy then you should consider the above given points it will help you.
- Posted On: December 11, 2018
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