steps of promotor in promoting the company???
Answers
1) Discovery of an idea: At first the promoters will find out what shall be the purpose of forming the company . Such an idea can be formulated out of experience of their own or of others . The purpose must be meaningful having a practical basis otherwise all the efforts will be futile .
2) Investigation: They have to make enquiries in the market about the potentiality of the proposed business . Various facts , data and information shall have to be collected and the market has to be studied .
3) Planning: After proper deliberation and computation of the facts , information , etc., a plan for the proposed business has to be obtained . In advanced industrial countries there are professional promoters who do the promotional job .
4) Financing: Financing is necessary from the early stage till formation of the company is complete . The initial money comes from the promoters themselves and also from underwriters , if any , to be reimbursed by the the company out of its capital . Expenses related to legal obligations , stationery , conveyance and communication with the Government , the financial institutions (if any) , the share brokers , etc.
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