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Hiiiii My Name is Babajan Currently iam pursuing MBA in ICFAI Business School In kochin, After My MBA i want to start BPO In Accounting &Finance sector. So please anyone help me in starting up my business about what is the minimum Capital required to start BPO, and how to Get Projects for doing this Business by the companie because iam new to this beautiful world, Please give me suggestions to startup Business

I hope everyone will give me their valuable experience and tips to me

Thanking You,

Babajan
babajan_4@yahoo.co.in

Tags: how, start, to

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I think you wanted to know about,how to start a BPO Company and not industry... the industry has already been started... see if you can edit the title...

If You have great professional experience then you could offer good quality services through a KPO/LPO company.

There are TWO important points to understand:

1. Delivery Competence: You will have to show experience in the local finance and legal knowledge to attract clients. So if you want to serve clients from USA, then your team should have the US-specific knowledge. This means extra costs in acquiring those skills compared to what you have already in your team.

2. Client Relationships: Its very difficult to get KPO/LPO projects without solid client relationships, where the client trusts you or your representative. If you are starting from scratch, it will take you a long time to build these relationships, which will give clients the comfort level to outsource to you. Its important to have at least one person from your team or your representative to reside in the target country. You should consider partnering with companies/professionals in these countries who have client relationships and who can present themselves for initial discussions.

Source : http://bpo-kpo-review.com/how-to-start-a-kpolpo-company/
Dear Babajan

I find it a great idea to start a BPO company and I am happy to encourage you in this way.

I suggest you to start with the "basics": define your objectives, think what your strengths are which can help you to achieve these objectives. I think it is important in this stage not to look for barriers but to define measures and to search for possibilities. Do you know MindMapping? - it could help you to structure and develop ideas. Read about other entrepreneurs, one can learn much from them.

Nowadays Internet makes it possible to start a multinational company and to expand very quickly with minimum funds.

I wish you much success with your BPO undertaking, if you have any further questions, do not hesitate to contact me.

Best regards

Magdalena Szarafin
http://www.szarafin.info
Dear Babajan

Sorry, I had no time to translate my website into other languages but it is on my to-do list.

To your question regarding the websites, I will try to provide a (short) list, which can be of interest for you:

1) German Chamber of Commerce: http://www.dihk.de/english/. You can contact them regarding co-operations with German companies. You can also ask them for advice and/or publications
2) EMRG's 9th Annual BPO Conference: http://www.emrgind.com/pdfs/bpo_2009.pdf. This conference (and other events) are organized by EMRG in London, UK, you can meet both: service providers and (potential) customers - they come from many different countries. Look for their other events, that is really a good opportunity to get contacts. You would have to invest time and money to come to Europe for a few days, however, I am sure, it will pay back
3) Bridge-To-Business: http://www.bridge2b.net/index-en-lin.html. You can offer your services using this website
4) PAIZ, Poland: http://www.paiz.gov.pl/index/?lang_id=12. This organisation supports companies and individuals willing to make business in Poland
5) German Embassy in India: http://www.new-delhi.diplo.de/Vertretung/newdelhi/en/Startseite.html. They should help you establishing contacts with German companies. Also visit websites of embassies of other countries and try to contact them
6) EU measures helping start-ups: http://ec.europa.eu/enterprise/entrepreneurship/support_measures/st...
7) There are also quite many websites offering projects to freelancers and/or companies or offering freelancers/companies the opportunity to present their offer, as for instance http://www.outsourcing.org/, you can look for them and use them.

I hope I could help you. Please, report, how your business is doing.

Best regards

Magdalena Szarafin
http://www.szarafin.info
Dear Babajan

I am happy if I could help you a little bit. I would encourage you to integrate the idea of establishing a BPO company into your MBA project, then you can gain same synergies out of it. Also look for further inspirations for this idea in both: in India (asking for instance about possible subsidies for people intending to start a company) and internationally (informing yourself about further opportunities, trying to establish contacts and co-operations).

If you have any other questions -- now or in the future -- please, do not hesitate to contact me.

Best regards

Magdalena Szarafin
http://www.szarafin.info
Hi Mr. BABAJAN,

Greetings.
I am a new member, you can easily translate the web http://www.szarafin.info to english language.

Just copy and paste the web in the google. It provide a provision for translating.

Regards
P.SADESH
Hi Guys

Major portions of http://www.szarafin.info/ have already been translated to English, so I don't see any reason why one should not able to read through the site. More over the links she has provided have oceans of knowledge, so go through them , do your own research and if you face any issues feel free to ask her as she has always encouraged meaningful interaction.
Dear All

As many of you have contacted me asking questions about establishing a BPO/KPO company or getting projects for an existing company, I have decided to open a discussion:
Hot subject: BPO company - how to start and run it?
summarizing some questions to help people dealing with similar problems.

I am looking forward to your active participating in it.

Best regards

Magdalena Szarafin
http://www.szarafin.info
Hi Mr. Babajan,

This is maxmel from Chennai. Can you help me to get a office project with genuine client. I am expecting your positive reply from your side
Dear Madam,

This is Maxmel from India. Can you help me to get a BPO project with genuine client.

I am Expecting a positive reply from you.
Dear Maxmel, getting a BPO project needs a complete professional approach. Why would some one hand over a project to someone without knowing one's credentials...

Magda has started a discussion "Hot subject: BPO company - how to start and run it".

Please go through it, tell people about your company, what can you do, previous clients and moreover what added advantage can you offer in comparison to your competitor.
It's all about building faith among the buyers only then you can get projects to work upon.
Dear Maxmel

Thank you for your inquiry. Well, I can only cite the advice given by Pooja:

Pooja said:
Dear Maxmel, getting a BPO project needs a complete professional approach. Why would some one hand over a project to someone without knowing one's credentials...

Magda has started a discussion "Hot subject: BPO company - how to start and run it".

Please go through it, tell people about your company, what can you do, previous clients and moreover what added advantage can you offer in comparison to your competitor.
It's all about building faith among the buyers only then you can get projects to work upon.

Imagine: you are the client wanting let's say: somebody to create a website for you. What would you expect? Informal contacts? Or rather references and examples of work done in the past?

Prepare a good, professional offer, tell the potential client about your company, your competencies, projects you have done in the past. What you do better, than the competitors: are you cheaper? Do you offer better quality? Or maybe you are quicker than they are? Remember, a potential client does not know you, so it is your job to give your best to introduce your activities.

The list of companies you can get contacting chambers of trade for instance. Or making an Internet research, depending on the location you prefer.

Let us know, how you are going to proceed. I am sure, you will be successful and wish you all the best!

Magdalena Szarafin
http://www.szarafin.info
hi babajan how are you am k.prasanna if you want more detials about bpo business you call me
mobile no 09894118781

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