For a country to prosper, it is crucial that its small and medium businesses thrive without any government support. Today numerous people are looking for starting their own business instead of working for a company with a regular 9 to 5 job. It doesn’t matter what educational qualification you have or whether you are currently employed or unemployed. Anyone who wants to spring their own business can read this article to know Business Ideas that they can start with an investment with low investment.
1. Food Truck
Easiest and profitable business to start is a food truck. In India, Food Truck business is growing at high rate. You can quickly begin this business with an investment amount of Rs 1 lakh. A significant chunk of your investment will go into getting licenses and permits. Other expenses like procuring raw material and the commercial vehicle wouldn’t cost that much. You can rent a four-wheeler as you don’t have to buy. As far as human resources concerned you along with 2-3 members of your family would be enough for Food Truck business. You can collaborate with some vendor for a discounted price on raw materials.
2. Food Catering Business
You can start a food catering business if you find a food truck business difficult. Here you prepare various dishes on order and then deliver it keep food cost down to customers at their doorsteps. You don’t need an exclusive license or permit like Food Truck business, and you can also start tiffin services.
However, you do require a catering license. For occasions like marriage, birthday parties, anniversaries, and many people will order dishes from you, and you need to deliver them. To get started you need a kitchen, raw materials, few staff members and a budget for marketing (like distributing pamphlets and sticking bills).
3. Tea Stall, Fruit Juice Kiosk and Snack Joint
This is a trendy business idea under 1 lakh. You don’t need anything extra to know about starting a tea stall or a fruit juice shop or a snack joint. Important things to get started are Choosing the right location, Raw material, Rent a Space. Also, you don’t need any extra license is the best part of this business.
4. Tailoring and Laundering Business
Tailoring and laundering business requires a meager amount of investment. For opening a tailoring shop, you need a few sewing machines and a staff of 3 to 4 people. You can also launder and iron clothes. Tailoring and laundering business is straightforward to get started.
5. Newspaper Distributor
The newspaper Distribution business is a profitable business. A newspaper vendor earns a profit of 30% – 40% commission for the per copy. As a newspaper vendor, you have to collect newspapers from distributor early in the morning by paying cash upfront and delivery of the newspapers on time. you
6. Pest Control Services
Pest Controllers demand is growing from homes and commercial buildings which have made Pest control service a very lucrative business. If you can establish a client base, then your business can thrive in a short period.
7. Human Resource Services
If you have worked for Multi-National Companies, then you would know the importance of hiring the right kind of employees. As an HR (Human Resource) firm, you can tie up with various MNC’s and help them to recruit the right type of employees with the necessary skill. You get a commission on each hire. To start an HR business, you don’t need much, just office space and a budget for advertising in various newspapers.
9. Day Childcare
Nowadays in cities, Parents are too busy and can’t look after their child on their own during the daytime. Hence, they need someone who can take care of their child also educate them while they are out. So Day childcare is one of the best business options with low investment.
10. Tuition and Hobby Classes
Tuition classes which are also known as coaching centers are ubiquitous all around the country. You can start taking classes for students of all the level from 1 to 10 or even 10+2 or however you want. Apart from regular courses, you can also teach singing, dancing, acting, painting and other hobbies in which students are interested.
So these were some of the business Ideas which you can start with a minimum investment. The new age of business demands low Investment Business Ideas with maximal financial gains. With the modern economy and new business innovations, even the small players in the game, with little in their hand to start up a business, can fare quite well. Small business ideas, with low financial requirements, however, they need you to think outside of the box. You will also need to register your business under Private Limited Company registration, LLP registration or any other business entity Once again I’m reiterating that you should consider a business according to your experience in a given line of work.