The first ingredient for a good business is a stable idea. Although competition is little if the idea is a new and innovative one, you don’t always need to be coming up with brand new ideas. Treading down well known paths with talent will be good enough for some sort of stability. Here are four business ideas that might just get things moving.
Event and Party management is slowly emerging as a fast paced and trendy business all over India. With corporate events and parties along with different events like reality shows taking center stage in television, event planners are in big demand in today’s India.
Start off slow, with supplying manpower to individual event coordinators, and slowly work your way up to an Event Management Company.
While you do need good networking skills to make it big in the event business, the startup capital is very low, so almost anyone can get in. With dedication and hard work, you can always make it big.
Want to do some old fashioned office work? Try property management from your home or office. Huge properties often need frequent and complicated paperwork. Huge firms often need a third party service provider to keep records of their assets and papers.
You do need a reputation and a flair for book keeping and you will be, in most cases entrusted with a lot of your client’s secrets. So be prepared and be responsible accordingly.
For a startup you will need an office, a working internet connection and a workplace.
The wedding industry is big in India. With Indians becoming richer every day, they seem to love spending millions on fashionable Bollywood style weddings. Wedding planners take all the headache away from the families getting married and let them enjoy the joyous occasion.
A word of caution, before jumping right in – it is better to make sure you can handle a wedding; it is not easy, by any means.
Start off with low budget small weddings, and then move in to higher ones, ONLY if you are sure. Most Indians plan to get married once, and a spoilt wedding will surely endanger a few of your teeth.
Startup is relatively low, with the initial investment only for basic requirements. Most clients pay on the spot, so the turn up is also quite fast. Man management skills are very essential.
Opening up a consultancy is a great idea if you have considerable experience in a particular field, and want to outsource that expertise to others looking for help in that matter. This is mostly a freelance venture, so you must have loads of confidence and a handful of clients before you jump right in. The idea is simple – if you are good and experienced at something, help others start to become good at that too.
Startup involves a small office place, lots of experience, and a proper office setup, like internet connection, intercoms, and a good looking assistant.
All businesses have the potential to flourish, irrespective of how many bucks you invest. A good idea itself is worth millions.
What else would you add as a small business idea that doesn't need a big investment. Please tell us below in the comments section.
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