Business Ideas

Product/service description

The business focuses on starting a small-scale manufacturing unit to make rubber slippers that will later be sold to wholesalers. The design of the slippers will be customized as per the demands of the wholesalers.

Market Scope/Potential

Rubber slippers are consumer durable items that are widely used indoors...

Product/service description

The business focuses on starting a small-scale manufacturing unit to make rubber slippers that will later be sold to wholesalers. The design of the slippers will be customized as per the demands of the wholesalers.

Market Scope/Potential

Rubber slippers are consumer durable items that are widely used indoors as well as outdoors by both men and women of all ages. The rubber material makes it strong, comfortable and waterproof. There’s a huge demand for rubber slippers in the market, therefore, it is a good idea to start this business and earn a good profit.

Opportunities

1. There’s a huge...

Product/service description

The business focuses on starting a small-scale manufacturing unit to make rubber slippers that will later be sold to wholesalers. The design of the slippers will be customized as per the demands of the wholesalers.

Market Scope/Potential

Rubber slippers are consumer durable items that are widely used indoors as well as outdoors by both men and women of all ages. The rubber material makes it strong, comfortable and waterproof. There’s a huge demand for rubber slippers in the market, therefore, it is a good idea to start this business and earn a good profit.

Opportunities

1. There’s a huge demand for rubber slippers in the market.
2. The investment required to start this business is less.
3. The business yields a good profit.
4. This business can initially be started on a small scale.
5. The manufacturing process is simple.

Risks

1. A license is required to start the business.
2. There is great competition in this field.
3. The manufacturing unit should preferably be established in an industrial area.

Entrepreneurial qualities

Any person who has the initial amount to invest and knows to manage a team of workers can start this business. The person should also be good at establishing relationships which will enable him/her to acquire profitable orders from wholesalers.

Conclusion

Manufacturing rubber slippers is a profitable business that needs relatively less amount of money and can be established in a small space. Since the field has a great deal of competition, it is important to promote the business well.

Product/service description

The business will focus on setting up a small-scale manufacturing unit to make disposable plastic cups and glasses in a fully automatic machine.

Market Scope/Potential

Disposable plastic cups and glasses are in high demand these days because they are convenient to use, readily available, low in cost and...

Product/service description

The business will focus on setting up a small-scale manufacturing unit to make disposable plastic cups and glasses in a fully automatic machine.

Market Scope/Potential

Disposable plastic cups and glasses are in high demand these days because they are convenient to use, readily available, low in cost and hygienic. They are rapidly replacing the traditional cups and glasses that were earlier used to serve food items. The manufacturing process of these cups and glasses is relatively easy and the business can be initially started on a small scale. With the kind of growth in the demand that we...

Product/service description

The business will focus on setting up a small-scale manufacturing unit to make disposable plastic cups and glasses in a fully automatic machine.

Market Scope/Potential

Disposable plastic cups and glasses are in high demand these days because they are convenient to use, readily available, low in cost and hygienic. They are rapidly replacing the traditional cups and glasses that were earlier used to serve food items. The manufacturing process of these cups and glasses is relatively easy and the business can be initially started on a small scale. With the kind of growth in the demand that we see in the market recently, this business is definitely a good venture.

Opportunities

1. The demand for disposable plastic items is high.
2. The business can be started on a small scale and then can be expanded later.
3. The manufacturing process is simple and does not need any special kind of training.
4. The business yields a good profit.

Risks

1. A minimum of 1000 sq. ft. of space is required to set up the manufacturing unit.
2. A license is required to start the business. Special permission from the pollution board is also required.
3. A team of workers is required to manage the entire process.
4. There is a lot of competition in the market.

Entrepreneurial qualities

Any person who wants to start this business must have the initial capital. Though the person does not need any special skill, he/she must have experience working in an industrial field and managing a team of people. Having a good business plan and promotion idea is also a must to make the business a success.

Conclusion

Since disposable plastic cups and glasses have become very common, starting their manufacturing business can be highly profitable. However, as the competition is more, good promotion strategies are required to run a successful business.

Product/service description

The business focuses on manufacturing of corrugated packaging boxes for various purposes. It will cater to the needs of different companies and make customized boxes as per their demand.

Market Scope/Potential

Any kind of item that is transported from one place to another is packaged properly to avoid...

Product/service description

The business focuses on manufacturing of corrugated packaging boxes for various purposes. It will cater to the needs of different companies and make customized boxes as per their demand.

Market Scope/Potential

Any kind of item that is transported from one place to another is packaged properly to avoid damage. Corrugated boxes are universally used to package all kinds of products. However, since different items need different kinds of packaging, the corrugated boxes need to be manufactured according to the items’ needs. Therefore, companies get their packaging boxes customized. Today, since packaging boxes are widely used, their demand is...

Product/service description

The business focuses on manufacturing of corrugated packaging boxes for various purposes. It will cater to the needs of different companies and make customized boxes as per their demand.

Market Scope/Potential

Any kind of item that is transported from one place to another is packaged properly to avoid damage. Corrugated boxes are universally used to package all kinds of products. However, since different items need different kinds of packaging, the corrugated boxes need to be manufactured according to the items’ needs. Therefore, companies get their packaging boxes customized. Today, since packaging boxes are widely used, their demand is very high. So, starting a packaging box manufacturing business can be profitable if promoted well.

Opportunities

1. The demand for packaging boxes is high.
2. The business is highly profitable.
3. The manufacturing process is simple.
4. Only a few raw materials are used to manufacture the packaging boxes.
5. The raw materials are readily available in the market at a reasonable price.

Risks

1. The business needs to be registered and a license must be acquired.
2. Special permission from the pollution control board is also required.
3. A large area is required to set up the manufacturing unit.
4. There is a lot of competition in the market.
5. Trained people are required to operate the machinery.

Entrepreneurial qualities

A person who wants to start a packaging box manufacturing business must have a huge capital for initial investment. He/she must also have an experience of working in the paper industry. A good relationship with paper manufacturers will help in getting the raw materials at a reasonable rate. The person should also be good at planning the business to gain maximum profit.

Conclusion

A packaging box manufacturing business is a highly profitable business, but it needs huge investment, an experienced team of workers and a good promotion strategy.

Product/service description

The business focuses on selling stationery items that are used in offices, schools, colleges, and homes. These items will be purchased from wholesalers at a reasonable price and sold in the retail market at a profit.

Market Scope/Potential

Starting an office supply business is a profitable idea because...

Product/service description

The business focuses on selling stationery items that are used in offices, schools, colleges, and homes. These items will be purchased from wholesalers at a reasonable price and sold in the retail market at a profit.

Market Scope/Potential

Starting an office supply business is a profitable idea because these items have a great demand in the market and this demand always keeps increasing with time. If the business is managed properly, it yields a good profit.

Opportunities

1. This business never faces a recession.
2. There is always a good demand for office supplies in the market.
3. A considerable profit...

Product/service description

The business focuses on selling stationery items that are used in offices, schools, colleges, and homes. These items will be purchased from wholesalers at a reasonable price and sold in the retail market at a profit.

Market Scope/Potential

Starting an office supply business is a profitable idea because these items have a great demand in the market and this demand always keeps increasing with time. If the business is managed properly, it yields a good profit.

Opportunities

1. This business never faces a recession.
2. There is always a good demand for office supplies in the market.
3. A considerable profit is earned if the quality of the product is good.
4. The business can first be started on a small scale and can then be scaled up with the rise in demand.

Risks

1. This business needs good planning, registration, and license.
2. It is very important to develop good relationships with wholesalers and customers to get good buying and selling deals, respectively.
3. There is a lot of competition in the market and one needs good business plans to succeed.
4. Extensive promotion is very important to make the business popular.

Entrepreneurial qualities

The business needs a moderate amount of investment, so anyone who wants to plunge into this field must have the initial capital. The person should also have good social skills to develop business relationships with wholesalers and prospective customers. This business also needs consistency and dedication to be successful.

Conclusion

Though the business has an immense competition, it yields a good profit. If proper business plans are made, the business will be undoubtedly successful.

Product/service description

The business aims at leasing an already available space to organize new year parties. Waiters, bartenders, security guards, light and sound arrangements, etc. will be provided at an extra charge.

Market Scope/Potential

The new year is a time when people love to organize parties. However, not everybody has...

Product/service description

The business aims at leasing an already available space to organize new year parties. Waiters, bartenders, security guards, light and sound arrangements, etc. will be provided at an extra charge.

Market Scope/Potential

The new year is a time when people love to organize parties. However, not everybody has a large space at home, so they look for places that can be rented at a reasonable price. A person who has an empty space can easily lease it to people during the new year and earn some extra income. If the person also provides other facilities like waiters, bartenders,...

Product/service description

The business aims at leasing an already available space to organize new year parties. Waiters, bartenders, security guards, light and sound arrangements, etc. will be provided at an extra charge.

Market Scope/Potential

The new year is a time when people love to organize parties. However, not everybody has a large space at home, so they look for places that can be rented at a reasonable price. A person who has an empty space can easily lease it to people during the new year and earn some extra income. If the person also provides other facilities like waiters, bartenders, security guards, light and sound arrangements, etc. more people will be attracted to hire the place.

Opportunities

1. It is a good utilization of empty space.
2. The profit from this business is good.
3. The same space can be given out for many kinds of events.

Risks

1. Special permits are required to start this business.
2. The interiors must be designed to suit the new year theme.
3. Location of the venue is the most critical factor that decides the success of the business.
4. All the arrangements need to be done by the owner.
5. The venue should be well maintained in terms of hygiene.
6. There is fierce competition in this field.

Entrepreneurial qualities

Any person who owns a space in a good locality and has experience in organizing events can start a venue leasing business during the new year. The person should also be good at networking so as to promote the business extensively.

Conclusion

The venue leasing business is a profitable venture that can be started with an empty space. However, the business needs many kinds of permits. Good maintenance of the space and proper promotion is also essential to make the business popular.

Product/service description

The business aims at getting planners and diaries printed for the new year and selling them to retailers, wholesalers and online customers. Bulk orders will also be taken from offices and other organizations.

Market Scope/Potential

Diaries and planners are an essential item for the people who love to...

Product/service description

The business aims at getting planners and diaries printed for the new year and selling them to retailers, wholesalers and online customers. Bulk orders will also be taken from offices and other organizations.

Market Scope/Potential

Diaries and planners are an essential item for the people who love to keep their work organized and plan their entire year systematically. They are also of great use at offices, where a lot of different kinds of data are recorded for the future. Therefore, a diary and planner business at the beginning of the year is going to give a huge profit...

Product/service description

The business aims at getting planners and diaries printed for the new year and selling them to retailers, wholesalers and online customers. Bulk orders will also be taken from offices and other organizations.

Market Scope/Potential

Diaries and planners are an essential item for the people who love to keep their work organized and plan their entire year systematically. They are also of great use at offices, where a lot of different kinds of data are recorded for the future. Therefore, a diary and planner business at the beginning of the year is going to give a huge profit if the marketing is done well.

Opportunities

1. The demand for diaries and planners at the beginning of the year is huge.
2. If the business is promoted well, it can yield a good profit.

Risks

1. It takes a great deal of time to plan the concept and design of planners and diaries.
2. There is a huge competition in the market, so the concept of the planner and dairy must be unique and understandable.
3. It is important to anticipate the demand accurately because if the products are not sold, they will cause a loss, as they cannot be used the next year.
4. It is essential to collaborate with a printing business to get the planners and diaries printed.

Entrepreneurial qualities

Anyone wanting to start this business must be good at planning. They should understand the importance of planning and should create a user-friendly concept for the planners and the diaries. Also, they should be great at promotion so that the sale is high.

Conclusion

Printing and selling planners and diaries is a good business and will yield a great profit if the concept is good and the product is marketed well.

Product/service description

The DJ business focuses on acquiring deals to play music and songs in the new year parties. The DJ will either carry his/her personal equipment or hire it from music companies. Clients will be free to suggest songs of their choice according to the mood of the party....

Product/service description

The DJ business focuses on acquiring deals to play music and songs in the new year parties. The DJ will either carry his/her personal equipment or hire it from music companies. Clients will be free to suggest songs of their choice according to the mood of the party.

Market Scope/Potential

The new year is all about parties. There are several kinds of big and small parties happening all over and the soul of all these parties is the tasteful music and the melodious songs. There’s a lot of scopes for a DJ to do a great business in...

Product/service description

The DJ business focuses on acquiring deals to play music and songs in the new year parties. The DJ will either carry his/her personal equipment or hire it from music companies. Clients will be free to suggest songs of their choice according to the mood of the party.

Market Scope/Potential

The new year is all about parties. There are several kinds of big and small parties happening all over and the soul of all these parties is the tasteful music and the melodious songs. There’s a lot of scopes for a DJ to do a great business in such parties. Even a small DJ business that wants to make some extra money during the new year will be welcomed if the quality of the songs played are good and the DJ is able to keep the party entertained.

Opportunities

1. There is a huge demand for good songs during the new year parties.
2. It is a great opportunity for people who love music and already own the DJ equipment.
3. This business can also be started as a part-time hobby business.

Risks

1. There’s a lot of competition in this field, so in order to acquire profitable deals, one needs to be a really good DJ.
2. The work involves long hours of continuous dedication and patience.
3. Good quality of DJ equipment is required to bring out great results.
4. A DJ should be smart enough to understand the mood of the party and choose songs accordingly.
5. A list of songs depending on the crowd must be decided beforehand.

Entrepreneurial qualities

Any person who loves music and is great at entertaining a crowd can choose to become a DJ. New year parties are a perfect opportunity for such people to exhibit their talent and gain a good reputation. A DJ must also have the ability to judge the mood of the party and play songs accordingly. Marketing skills are also important for the promotion of the business.

Conclusion

A DJ business is a fantastic way to earn money during the new year. Since the demand is more, even the amateur DJs can get an opportunity to showcase their talents and build their reputation.

Product/service description

The business focuses on making and serving customized cocktails in New Year parties.  All the ingredients, glassware, waiters and a customized menu will be provided along with the service.

 Market Scope/Potential

New Year definitely calls for a party, but it is not necessary to have a party at...

Product/service description

The business focuses on making and serving customized cocktails in New Year parties.  All the ingredients, glassware, waiters and a customized menu will be provided along with the service.

 Market Scope/Potential

New Year definitely calls for a party, but it is not necessary to have a party at a hotel or a pub. Small parties can be organized by families and communities at home or hired venues. Having cocktails for a New Year party is fashionable and thrills the crowd. A business that can provide exclusive cocktail mixing services will be in great demand during this time. Proper...

Product/service description

The business focuses on making and serving customized cocktails in New Year parties.  All the ingredients, glassware, waiters and a customized menu will be provided along with the service.

 Market Scope/Potential

New Year definitely calls for a party, but it is not necessary to have a party at a hotel or a pub. Small parties can be organized by families and communities at home or hired venues. Having cocktails for a New Year party is fashionable and thrills the crowd. A business that can provide exclusive cocktail mixing services will be in great demand during this time. Proper planning and promotion will help this business to earn a great profit during the New Year.

Opportunities

1. There is a great demand for unique cocktails at a New Year party.
2. It is a very profitable business.
3. The business is great for people who are passionate about mixing drinks and creating new cocktails.

Risks

1. Good promotion is required to advertise the business.
2. In case of a bigger New Year event, the business should be easily scalable.
3. Cocktail mixing is an art and it requires a little bit of training and experience to become an expert.

Entrepreneurial qualities

A person who wants to start a cocktail mixing business during the New Year must be passionate about this art. He/she requires a great deal of experience to experiment with various kinds of cocktail recipes. Also, the business needs to be promoted even before the New Year arrives so that people know about it well in advance.

Conclusion

Cocktail mixing business is a fantastic business and can be very profitable during the New Year. If proper planning and promotion are done, it will be a huge success.

Product/service description

The business focuses on starting a home-based catering business for the new year. A special party menu will be created for the people to place their orders. The business will mainly concentrate on smaller parties organized at home or office.

Market Scope/Potential

Though it is common to see...

Product/service description

The business focuses on starting a home-based catering business for the new year. A special party menu will be created for the people to place their orders. The business will mainly concentrate on smaller parties organized at home or office.

Market Scope/Potential

Though it is common to see big parties being hosted all over the place during the new year, not everybody likes to be a part of these extravagant events. For the people who want to host small personal parties at homes or offices, a small home-based catering business can be a perfect choice. It will provide...

Product/service description

The business focuses on starting a home-based catering business for the new year. A special party menu will be created for the people to place their orders. The business will mainly concentrate on smaller parties organized at home or office.

Market Scope/Potential

Though it is common to see big parties being hosted all over the place during the new year, not everybody likes to be a part of these extravagant events. For the people who want to host small personal parties at homes or offices, a small home-based catering business can be a perfect choice. It will provide good homemade food at a reasonable price and without much hassles. People will definitely appreciate the business if the quality of food is good and the overall presentation is tempting. Looking at the opportunities, a catering business seems to be a good way to earn a profit.

 Opportunities

1. The business can be started from home.
2. The business can be started as a part-time job with less investment.
3. It is a good opportunity for people who love to cook.
4. If properly planned, the business yields a good profit.

Risks

1. The quality and the taste of the food should be good so that people are encouraged to choose your business over others.
2. It is important to prepare a party menu before starting the business.
3. The preparation and delivery of the food must be on time.
4. The business needs a great deal of promotion to build the initial client base.
5. Extra food will result in a loss, as it highly perishable.
6. This field is highly competitive.

Entrepreneurial qualities

Anyone who wants to start this business must be a good cook. He/she must also be good at business planning. Networking skills are also important to spread a word about the business.

Product/service description

The business focuses on starting a home-based catering business for the new year. A special party menu will be created for the people to place their orders. The business will mainly concentrate on smaller parties organized at home or office.

Market Scope/Potential

Though it is common to see big parties being hosted all over the place during the new year, not everybody likes to be a part of these extravagant events. For the people who want to host small personal parties at homes or offices, a small home-based catering business can be a perfect choice. It will provide good homemade food at a reasonable price and without much hassles. People will definitely appreciate the business if the quality of food is good and the overall presentation is tempting. Looking at the opportunities, a catering business seems to be a good way to earn a profit.

 Opportunities

1. The business can be started from home.
2. The business can be started as a part-time job with less investment.
3. It is a good opportunity for people who love to cook.
4. If properly planned, the business yields a good profit.

Risks

1. The quality and the taste of the food should be good so that people are encouraged to choose your business over others.
2. It is important to prepare a party menu before starting the business.
3. The preparation and delivery of the food must be on time.
4. The business needs a great deal of promotion to build the initial client base.
5. Extra food will result in a loss, as it highly perishable.
6. This field is highly competitive.

Entrepreneurial qualities

Anyone who wants to start this business must be a good cook. He/she must also be good at business planning. Networking skills are also important to spread a word about the business.

Conclusion

Starting a catering business during the new year can be a great idea for people who love cooking and want to earn extra money during the holiday season from a home-based business.

Starting a catering business during the new year can be a great idea for people who love cooking and want to earn extra money during the holiday season from a home-based business.

Product/service description

The business aims at decorating homes, offices, and organizations for the New Year. All the decorating materials will be provided by the entrepreneur. The decorations will be customized as per the customers’ liking.

Market Scope/Potential

The New Year is all about partying. But, parties cannot be fun without...

Product/service description

The business aims at decorating homes, offices, and organizations for the New Year. All the decorating materials will be provided by the entrepreneur. The decorations will be customized as per the customers’ liking.

Market Scope/Potential

The New Year is all about partying. But, parties cannot be fun without beautiful decoration and bling. Sadly, though almost all the people love tastefully decorated houses and offices, most of them lack the time and creativity for such a laborious task. In such cases, a professional decoration business adds an extra sparkle to the atmosphere by providing customized decoration services.

Opportunities

1. It...

Product/service description

The business aims at decorating homes, offices, and organizations for the New Year. All the decorating materials will be provided by the entrepreneur. The decorations will be customized as per the customers’ liking.

Market Scope/Potential

The New Year is all about partying. But, parties cannot be fun without beautiful decoration and bling. Sadly, though almost all the people love tastefully decorated houses and offices, most of them lack the time and creativity for such a laborious task. In such cases, a professional decoration business adds an extra sparkle to the atmosphere by providing customized decoration services.

Opportunities

1. It requires very less investment.
2. It gives a person the chance to be creative and imaginative.
3. The business can be started from home on a very small scale.
4. It can be started as a part-time job.

Risks

1. The person must come up with new ideas to keep the decoration unique.
2. A lot of promotion is required to build a client base.
3. The task is laborious and time-taking.
4. There is a lot of competition in the field.
5. It is a good idea to create a website to showcase your talent.
6. A team of helpers is required if the work increases.

Entrepreneurial qualities

Though there are no special skills or qualifications required to start a decoration business, it is essential for the person to have an interest in being creative. The person should also be good at business planning and networking to increase sales.

Conclusion

Starting a decoration business during the New Year is an excellent opportunity to earn a good profit while doing something that you love. With proper networking, a good client base can be established.