Best Small Business Ideas
At present there are several young professionals who are looking to earn money in short term and event managers are also searching for more workers – this indicates a lot of possibilities for companies in this sector.
Business ideas with INR 1000
A great business idea with nearly INR 1000 is ultra short temping services. As part of this business, the companies provide manpower services on a temporary basis for event management firms. The break even period for this business is close to 10 months and a gross profit of approximately 20 percent can be expected. An important skill needed to make this business a success is networking.
Business ideas with INR 7000
A good business idea with a budget like 7 thousand rupees is a shoe-wash company. Previously canvas shoes were cleaned using old toothbrushes and detergent but nowadays people have moved on to trendy sneakers and want the shoes to be cleaned by people who are experts in the field so that they can be maintained properly.
In order to be successful in this business it is essential to know how to use chemicals and a fair degree of marketing skills are required too. The break even period for this form of business is at least 3 months. The businessmen can expect a gross profit of nearly 40 percent in this case.
Business Ideas with INR 15,000
Having a food delivery service is a great business idea if an entrepreneur has around 15 thousand rupees with him or herself. Nowadays customers want the best food on their tables without making the effort to go and get them and this is where a food delivery company can come in handy.
The main skills needed to run this business smoothly are sales and management. This business has a break even period of 2 months at the very minimum and can provide gross profits of nearly 20 percent.
Business Ideas with INR 20,000
If entrepreneurs want to start a business with 20 thousand rupees, they can opt for uniform making. Nowadays even business schools, medical and law colleges are making it mandatory to wear uniforms.
Interested businessmen can establish connections with uniform manufacturing companies and provide dresses at convenient prices. The most important skill in this business is man management and it takes almost a year to break even.
Business Ideas with INR 50,000
Property management can be considered a great business idea if the start-up capital is approximately 50 thousand rupees. The businessmen need to find out a proper workplace and take responsibility for their detailed documentation procedures and thus save a lot of their time.
Adequate sales and marketing skills are needed in order to be successful in this business. The company can achieve break even status within a month and also expect a gross profit of around 50 percent.
Yet another profitable business venture in this range is phone based business consultancy services. Nowadays several entrepreneurs are looking to make a name for themselves and the time is right for experienced businessmen to make the most of their skills and knowledge and guide these young enthusiasts with some good business plans.
Networking is a critical skill needed to flourish in this business that can take almost 4 months to come on break even terms. Wedding planning is also a good business idea with 50,000 rupees to start with.
Nowadays, weddings in India are being celebrated on grand scales and the celebrators might not have the time to properly attend to every little nuance as a lot of time is involved in this as well. Wedding planners can help people in such situations.
Creativity is the name of the game in this business domain that can provide gross profits of almost 15 percent. However, achieving break even status will depend on the quality of projects that the company gets.
Concierge services such as baby sitting and medical treatment can be started with an initial capital of 50,000 rupees or more. Network communication capabilities are the most critical skills required to do well in this business that can take at least half a year to achieve parity and give approximate gross profits of 10 percent.
Housekeeping services for hotels is a proper business idea if an entrepreneur has 50,000 to start with. With the hotels looking to keep their rooms spanking clean, this is a good business idea. Good communication and man management skills are necessary to succeed in this domain. This business can provide gross profits of almost 20 percent.
Business Ideas with INR 75,000
Pre-recruitment assessment is a profitable business venture if the entrepreneur has a starting capital of around 75 thousand rupees. This service can be helpful in letting companies hire the best possible employees. The companies in this domain can chip in by creating the tests at different levels and then evaluating the candidates based on their performance in the same.
Good marketing and sales capabilities are necessary for good performance in this domain. The minimum break through period for this business is 2 months and it can provide gross profits of nearly 25 percent.
Business Ideas with INR 100,000
Entrepreneurs looking to offer custom made chocolates for their customers can get started with almost 1 lakh rupees. They can make chocolates that are chemically okay and also taste great. It is important to love chocolates and be creative to thrive in this business. Expected gross profit in this segment can vary between 30 and 35 percent and the minimum period required to achieve parity is a week.
Business Ideas with INR 200,000
If an entrepreneur knows inter-city and inter-state bus routes really well and has almost INR 2 lakhs, then a bus service website can be regarded as a good business opportunity. The website can also provide information on the ticket rates and the channels for booking them.
However, it is essential to have good IT skills to be successful in this business. The minimum period needed to achieve break even in this business is 5 months and the expected gross profit is close to 10 percent.
Business Ideas with INR 300,000
A good business idea with a start-up capital of 3 lakh rupees is custom made festival gifts. The owners can choose innovative gifts for their clients, wrap them in an eye-catching manner and then send them to their clients.
They need to be sensitive and have good knowledge of the outlets of gift-makers. It can take at least 3 months to achieve parity in this business, which can be expected to provide gross profits of almost 20 percent.
Entrepreneurs with such start-up capital can also go for the online ads service business. They can have contacts with the website owners and then get the appropriate space, which can help the clients get access to their target audience.
The owners should have good knowledge of networking and media planning in order to be successful in this business. The minimum time required to come to break even status in this business is a year and the anticipated gross profit is 20 percent.