Do Namaskaram to the Lord and read the stories in the mind. In a tray keep some tulsi leaves, coconut and some fruits and flowers. Sitting in front of the photo of the Lord first pray to Lord Vigneshwara. All the five stories have to read to complete the vratham. Then pray to the Navagrahas (nine planets) and Ashtha dikpalakas (8 gods governing the directions) in your mind.
Pray to the Lord Vinayaka made of turmeric powder that the vratham should be completed successfully. Then arrange a mandap and keep the photo of Lakshmi Narsimha Swamy along with a Kalasam (Small tumbler of water with a coconut on top.). The place where the vratham would be performed should be first cleaned. As far as possible invite friends and relatives while performing the vratham. The other important thing that the Lord himself said is that if one cannot perform the vratham so elaborately due to financial or any other constraints, then they can perform it alone in their house. If a person performs this vratham with devotion and dedication, the Lord himself will come in some form or other to partake the Prasadam. The vratham can be done in one’s own home, rented house, temple or holy place or on the banks of a river. One can do this vratham either in the morning or evening. If it is performed in months of Magha, Vaishaka, Sravana, Karthika, Margasira months or on Dasami, Ekadasi, Pournami or during the days of stars Poorva palguni, Swathi or Shravana, the results are more evident. Immediate positive results can be seen if the vratham is performed to improve one’s job or business prospects. Also if one is performing any auspicious ceremonies (Housewarming, marriages, starting education etc) one can do this vratham. When one does not have mental peace, have financial / health problems or any other kind of issues all their difficulties can be overcome by performing this vratham. Anyone can perform this vratham anywhere. This vratha that was told by Lord Narasimha himself is very easy to perform. As soon as one performs this vratham any kind of difficulties will vanish. In Kaliyug to receive the grace of the Lord Narasimha, this Vratha is the easiest means.