Do you want to start your own business? Start it now. Do not get confused over the thought of what business or industry sector shall be chosen. Every business has its pros and cons. It is just about which business you have the passion and zeal to crack it. Your skill set also matters a lot in achieving the target. You should be confident enough to implement the skills you possess and manage to overcome the upcoming challenges. Further, let’s discuss some small business ideas for you to pick that matches your skill set.
Most Successful Small Scale Business Ideas in India
Food being one of the three basic necessities of life makes a top choice for people to indulge and open-up business in F&B (Food and Beverage) Industry. This is why as a small scale business idea, food joints will never run out of customers, as long they serve delectable food. Of course a start-up business does not need to be a full-fledged restaurant from the start. One can start with only a few key dishes such as a wholesome traditional breakfast with optional snacks as an add-on.
Juice Points/Shakes Counters
As more and more Indians grow health conscious, fresh juices without preservatives are emerging as a popular healthy alternative to cold drinks. This is why the humble juice bar has made into this small business ideas list for India as a top option for a potentially successful venture. While one is at it, diversification into related drinks especially (perhaps less healthy) summer drinks like lemonade, buttermilk and lassi might also work out well for this small business. Of course one can decide to go the whole hog and get started with a fully loaded food truck instead. As long as the food/drinks provided are of high quality and all the requisite permits are in order, ensuring success of this business idea should not be too hard.
As far as successful business ideas go, this one is based on another basic requirement of life – clothing, so the size of market includes well, everyone. As a start-up business, tailoring and embroidery have been around for decades and most are usually home-based businesses that receive and complete orders on behalf of small boutiques. But being a tried and tested idea does improve its chances of emerging as a successful future business especially in larger cities where tailoring services are in high demand. Obviously one needs to undergo the requisite training and ideally should have sufficient experience in order to improve the chances of succeeding in this small scale business venture.
Small business ideas have the potential to grow into huge businesses over time and the emergence of Internet along with related technologies can definitely help out. It is proven that small businesses with an online footprint tend to do better than those that do not have an online footprint. So amazingly, this start up business idea is focused on providing a range of online services to various small and medium businesses. This is the reason why social media experts, bloggers, website designers and developers are in high demand these days. Such businesses require only basic computer systems, software and high speed internet connection to set up but they do require the entrepreneur to be skillful at what they do. Related businesses that can be successfully operated online include ghostwriting, freelancing and online translation services.
If one has to pick a single money making idea from a list of internet based small businesses from home, blogging, v-logging (video blogging) have the potential to be money spinners. As long as it is interesting, it does not matter what one writes or makes a video about. Even many top rated performance artists, including stand-up comedians have considered this as a potential way to expand their reach. The goal is of course to maximize the number of views or readers of the vlog or blog through creation of interesting content. In case of certain vlog platforms one gets paid based on the number of views while in case of most blogs adverting revenues generated through Google Adsense help the business make money.
In case a skillful professional cook does not fancy the idea of slogging it out at a restaurant or food truck business, there is an alternative – cookery classes. This is a trend that’s catching on among urban families in India as something that couples do together and create something that’s delicious yet healthy. What’s more, it is even possible to carry out these classes both in person and online or one could make a vlog teaching others the intricacies of culinary skills. The scope to expand and monetize from potential market segments that one might not be able to reach otherwise increases manifold by taking advantage of the online route.
In India, the concept of crèches in the office for working mothers is yet to catch on and as more women enter into and stay on in the workforce even after marriage, it is obvious that the demand for daycare services will continue to rise in the near future. As a start-up business, daycare services and crèches have been around for years, if not decades especially in the larger cities that have a larger number of working women and nuclear families.
Also Read: 5 Leading Business Loan Options for Women
Additional Small Business Ideas in India
Some of the additional small scale businesses which are eyed by businessmen and become a success are:
Coaching Classes: Education is a field of diversity and a good low cost business idea. Financial break-even is easily achieved and it’s not a full time business.
Wedding Planner: It’s a never ending business and people with creativity and passion makes them successful.
Placement Services: HR is the integral and important vertical in an organization and good recruitment makes a company grow and grow further. So to have tie-ups with reputed organization and placing good employees with them makes it a low cost placement business.
Real Estate Consultant: It’s a small scale business idea of an unorganized sector that you can start with by having good contacts and public relations. Less investment and high returns are expected of this small scale business.
Professional Photography: All one need is a good DSLR camera and contacts with reputed organizations. No office required just your talent and passion to earn good amount of money.
The success of best business ideas depends on multiple factors that include market conditions, the skill of the owner, proprietor and much more. The above list is short and each carries its own unique set of risks but each and every one of those small business ideas holds the potential to emerge as a successful business of the future.