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Srinivasa Rao

Idea Title

Installing and maintaining swimming pools at various places.

Industry

Construction

Description

Product/Service Description

This business deals with the installation and maintenance of swimming pools in residential areas, commercial complexes and other communities.

Market...

Product/Service Description

This business deals with the installation and maintenance of swimming pools in residential areas, commercial complexes and other communities.

Market Scope/ Potential

Swimming pools have now become a very common sight in residential complexes and other...
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Product/Service Description

This business deals with the installation and maintenance of swimming pools in residential areas, commercial complexes and other communities.

Market Scope/ Potential

Swimming pools have now become a very common sight in residential complexes and other commercial areas. As the lifestyle of people has improved, they are ready to invest in facilities like swimming pools, which were earlier considered a luxury. People with larger private houses are also opting for customized swimming pools with creative designs and lightings. Once the pool is installed, it also needs regular cleaning and maintenance. Therefore, venturing into a swimming pool business is a profitable idea.

Opportunities

1. The business has great future potential.

2. Though the competitors in the field are increasing, there’s still a demand for skilled people who can install and maintain swimming pools with responsibility.

3. The investment required is less.

4. The business yields good returns.

Risks

1. The business needs to be registered.

2. Skilled workers are required for the job.

3. Good networking is required to grow the business.

4. The business must be grown fast to earn good returns.

5. Specific equipment must be bought.

6. A warehouse is needed to store the equipment and surplus construction items.

Entrepreneurial qualities

This business majorly depends on the skills of the workers and not the capital. Therefore, any person venturing into the business must have a basic plumbing skill. Experience in swimming pool installation will help a lot. The person should also have good networking skills to grow the business fast.

Conclusion

With the rise in the demand of the swimming pools, it is estimated that the business has a great future. Therefore, anyone wanting to start the business must know that this is the right time to take the plunge.

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Ajai Kryshna

Idea Title

To rent the latest model of construction equipment to the people involved in the construction business.

Industry

Construction

Description

Product/Service Description

The business involves...

Product/Service Description

The business involves buying the latest construction equipment and renting them out to anyone who is involved in the construction...
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Product/Service Description

The business involves buying the latest construction equipment and renting them out to anyone who is involved in the construction business.

Market/Scope and Potential

The construction business in India is growing enormously because of the fast development that is taking place in the country. One of the major requirements of this business is modern equipment. Most of the people involved in the construction business do not prefer to buy any construction equipment because of the huge investment and lack of space to keep them. An occupation that deals with giving the construction equipment on rent can utilize this opportunity to build a great business.

Opportunities

There is a great demand for construction equipment in the market.

Since India is a developing country, construction is an ongoing process.

It is a very profitable business.

This business is expected to grow in the years to come.

Risks

It is a capital-intensive business.

Since all the construction equipment are large in size, they occupy a lot of space.

Maintenance of these equipment is costly.

The business needs to be insured.

Companies like Mahindra prove to be big competitors.

Good contacts with builders, contractors and stakeholders will help to spread the word about the business.

New high-tech machines keep coming in the market, so older ones become obsolete.

Entrepreneurial qualities

The business needs huge capital, so any person who can invest a lot of money can enter the business. The person should also be able to manage a team of workers and drivers who will operate the equipment. Since the competition in the market is more, good contacts and relationships with people associated with construction can help to enhance the business.

Conclusion

The business to rent out construction equipment is on a rise, so it is a good idea for a person to invest in it if he/she has the required capital and the managerial skills.

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