Starting a business in India is easy, especially if it is a small business. India requires lesser formalities to start a small business than many other countries. Once you have decided to start a small business in India you have to complete some formalities, legal and statutory. A year ago, financial institutions were examining their corporate loan portfolios for oil-and-gas exposures as plummeting energy prices jeopardized the payout of loans to related companies. Across the board, because expected losses on these assets were increasing (because of troubles in the industry), banks increased their reserves. Each bank decided what would be appropriate and did so under the auspices of accountants, regulators, competitors, counterparties, and shareholders. In such analysis, banks target the borrowers that would be candidates for losses: vulnerable borrowers, borrowers on watch lists, borrowers in declining industries, etc.
The storefront is the best way to start branding your product. It shows legitimacy and puts trust in the minds of your customers. However, the start up costs of starting your own store a lot larger than that of a mobile repair business. Having a storefront allows you to keep all of your inventory in one place as well as allowing you to work on multiple devices at the same time. This may be ideal for the business owner who has a lot of start up capital and is able to take a risk.