Business Ideas

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.

Product/service description

The business aims at providing different kinds of gifts for corporate and personal use. The business will also take care of the wrapping and branding of the gifts. Personalized assorted gifts will also be available.

Market Scope/Potential

The new year is a time to shower our loved ones...

Product/service description

The business aims at providing different kinds of gifts for corporate and personal use. The business will also take care of the wrapping and branding of the gifts. Personalized assorted gifts will also be available.

Market Scope/Potential

The new year is a time to shower our loved ones with a variety of gifts. Offices to take this occasion as an opportunity to show their gratitude towards their employees through gifts. A gifting business with numerous gifts in all kinds of price range can be an absolute favorite of the people who wish to find a perfect gift for...

Product/service description

The business aims at providing different kinds of gifts for corporate and personal use. The business will also take care of the wrapping and branding of the gifts. Personalized assorted gifts will also be available.

Market Scope/Potential

The new year is a time to shower our loved ones with a variety of gifts. Offices to take this occasion as an opportunity to show their gratitude towards their employees through gifts. A gifting business with numerous gifts in all kinds of price range can be an absolute favorite of the people who wish to find a perfect gift for the new year. However, proper planning and promotion is a must to make the business a huge success.

Opportunities

1. The business can be scaled easily according to the needs of the customers.
2. The demand for gifts during the new year is high.
3. Big deals will help to make a good profit.
4. It lets the entrepreneurs use their creativity.

Risks

1. The process takes a lot of time, so bigger orders need a big team of people to manage the work.
2. It is a good idea to collaborate with gift wrapping and gift branding businesses to manage the work effectively.
3. Since competition is high, the gift ideas must be planned carefully. All the gifts should be unique and thoughtful.

Entrepreneurial qualities

Anyone who is creative and has a good taste for unique gifting items can start this business. The person should also have good networking skills to develop good relationships with clients.

Conclusion

If started in a planned manner and promoted extensively, a gifting business can be very popular during the new year.

Product/service description

The business focuses on the establishment of a small-scale manufacturing unit to produce lubricating oil that will be used for different kinds of vehicles. The oil will be sold to wholesalers and retailers.

Market Scope/Potential

Lubricating oil is compulsorily used in all kinds of vehicles to reduce friction...

Product/service description

The business focuses on the establishment of a small-scale manufacturing unit to produce lubricating oil that will be used for different kinds of vehicles. The oil will be sold to wholesalers and retailers.

Market Scope/Potential

Lubricating oil is compulsorily used in all kinds of vehicles to reduce friction and heat. Since the number of vehicles is growing at an enormous rate, the demand for this oil is also increasing tremendously. Big companies manufacture their branded lubricating oils which are sold at a high price. However, there are many other small companies too which manufacture good quality of lubricating...

Product/service description

The business focuses on the establishment of a small-scale manufacturing unit to produce lubricating oil that will be used for different kinds of vehicles. The oil will be sold to wholesalers and retailers.

Market Scope/Potential

Lubricating oil is compulsorily used in all kinds of vehicles to reduce friction and heat. Since the number of vehicles is growing at an enormous rate, the demand for this oil is also increasing tremendously. Big companies manufacture their branded lubricating oils which are sold at a high price. However, there are many other small companies too which manufacture good quality of lubricating oil at a reasonable price. Such companies are also doing good business. Since the demand of this product is huge, any new small-scale business will be able to do well and establish a reputation in the market if the quality of the product is good and the promotion is done well.

Opportunities

1. There is a huge demand for lubricating oils in the market.
2. The business yields a good profit.
3. The business can be established on a small scale and can be grown eventually.
4. The raw materials are readily available in the market.

Risks

1. The business must be registered, and a license must be obtained before initiating the work.
2. A team of skilled workers is required to manufacture the lubricating oil.
3. There’s a lot of competition in the market.
4. Extensive promotion, marketing, and branding are required to sell the product.
5. Since the manufacturing process requires the use of harmful chemicals, the manufacturing unit must be located in an industrial area.

Entrepreneurial qualities

Any person who wants to establish this business must have sufficient start-up capital. He/she should also have experience in the industrial field. The person should know how to manage a team of workers and develop a good relationship with clients and customers. He/she should also be able to make effective plans that can help the business to grow.

Conclusion

Manufacturing lubricating oil is a good business idea that yields a great deal of profit. However, the business needs a good investment and an efficient plan to make a mark in the market.

Product/service description

The business builds and installs different kinds of technologies like internet, sensors and automation control to create a connected digital system for homes that can control things like lightings, electronic equipment, front door entry, security, HVAC services, etc.

Market Scope/Potential

Presently, this business domain is still in a...

Product/service description

The business builds and installs different kinds of technologies like internet, sensors and automation control to create a connected digital system for homes that can control things like lightings, electronic equipment, front door entry, security, HVAC services, etc.

Market Scope/Potential

Presently, this business domain is still in a nascent stage and the main customers for this service are the people who belong to upper-class society. These services are mainly availed by people who love technology. However, with the increase in popularity, more people will gradually become acquainted with this technology and will start adapting it in their lives....

Product/service description

The business builds and installs different kinds of technologies like internet, sensors and automation control to create a connected digital system for homes that can control things like lightings, electronic equipment, front door entry, security, HVAC services, etc.

Market Scope/Potential

Presently, this business domain is still in a nascent stage and the main customers for this service are the people who belong to upper-class society. These services are mainly availed by people who love technology. However, with the increase in popularity, more people will gradually become acquainted with this technology and will start adapting it in their lives. The business can grow more if it is promoted well and people are made aware of its advantages.

Opportunities

1. The business does not have much competition.
2. This business is promising and has a good future if it is promoted well.
3. The business yields a good profit.

Risks

1. The business needs to be registered and a license must be acquired.
2. The startup capital is high.
3. The business needs to have a team of highly skilled people who have a background in programming, electrical engineering, mechanical engineering, and designing.
4. It requires good marketing skills to convince people to automate their homes.
5. It is mandatory to make an attractive website to attract people towards the business.

Entrepreneurial qualities

A person who wants to start this business must have the initial capital and should be professionally trained in this field. In addition, the person should also be able to build a team of highly skilled people with the Internet of Things(IoT) skills who can provide quality services to clients and have problem-solving abilities. A good marketing strategy and cordial relationship with different control system companies are very important to establish a strong foundation.

Conclusion

Home automation is slowly gaining popularity. At present, it is used only by the upper-class people, but with gradual awareness, it will surely be liked by everyone. The business has the potential to yield a good profit.

Product/service description

The photography business aims at providing photography services to families, friends, events, and celebrations. It will be a part-time business.

Market Scope/Potential

Christmas is a time to celebrate, meet people and have fun. It is also a great time to make memories. As photographs are a wonderful way...

Product/service description

The photography business aims at providing photography services to families, friends, events, and celebrations. It will be a part-time business.

Market Scope/Potential

Christmas is a time to celebrate, meet people and have fun. It is also a great time to make memories. As photographs are a wonderful way of cherishing memories, photography has become the recent craze among youngsters. Many people offer photography services as a part-time hobby business. A passionate photographer who provides special services during this festival will be in great demand if he/she promotes the business well.

Opportunities

1. If a person already owns a digital...

Product/service description

The photography business aims at providing photography services to families, friends, events, and celebrations. It will be a part-time business.

Market Scope/Potential

Christmas is a time to celebrate, meet people and have fun. It is also a great time to make memories. As photographs are a wonderful way of cherishing memories, photography has become the recent craze among youngsters. Many people offer photography services as a part-time hobby business. A passionate photographer who provides special services during this festival will be in great demand if he/she promotes the business well.

Opportunities

1. If a person already owns a digital camera, the business does not need much investment.
2. It can be started as a part-time hobby business.
3. It gives liberty to a photographer to be creative,
4. A good photographer has a huge demand during festivals and celebrations.
5. The business yields a good profit.

Risks

1. It involves skill and practice to be an expert at photography. A small photography training is also helpful if one wants to be a professional photographer.
2. The work involves a lot of hard work and patience.
3. A photographer needs to be creative and come up with new ideas.

Entrepreneurial qualities

Any person who wants to start a photography business must be a trained photographer. Also, the person should have good networking skills to promote the business and acquire deals.

Conclusion

The photography business is becoming very popular in recent years. Many new people are entering this field as a part-time photographer. A good business plan and smart promotion can help the business to grow.

Product/service description

This is a home-based business where special woollen clothing for Christmas will be bought from manufacturers or wholesalers and sold to family and friends, in shops, exhibitions and online.

Market Scope/Potential

Christmas is a good time to start a woollen clothing reselling business. Since it is the festival...

Product/service description

This is a home-based business where special woollen clothing for Christmas will be bought from manufacturers or wholesalers and sold to family and friends, in shops, exhibitions and online.

Market Scope/Potential

Christmas is a good time to start a woollen clothing reselling business. Since it is the festival season, people love buying such stuff for themselves and their families and friends. Stockings are also a big hit during this time, as they are hung on Christmas trees. This business can easily be managed from home and proper networking will make it profitable.

Opportunities

1. Low investment is required to...

Product/service description

This is a home-based business where special woollen clothing for Christmas will be bought from manufacturers or wholesalers and sold to family and friends, in shops, exhibitions and online.

Market Scope/Potential

Christmas is a good time to start a woollen clothing reselling business. Since it is the festival season, people love buying such stuff for themselves and their families and friends. Stockings are also a big hit during this time, as they are hung on Christmas trees. This business can easily be managed from home and proper networking will make it profitable.

Opportunities

1. Low investment is required to start the business.
2. The business can be started from home on a small scale.
3. Woollen clothing is in a good demand during Christmas.
4. The products can be sold through many channels.

Risks

1. The business must be registered, and a license must be acquired before selling the products online.
2. Extra help must be hired if the demand of the products increases.
3. Since the business is intended to sell seasonal products that will be useful during Christmas, the extra products will not be sold after the festival. A proper planning is required to avoid this issue.
4. It is important to find manufacturers or wholesalers who can provide the products at a reasonable rate.

Entrepreneurial qualities

Any person can start this business without needing any special skill. However, good contacts with manufacturers or wholesalers will help in getting the products at a reasonable rate. A proper business plan will ensure maximum profit.

Conclusion

This is a small home-based business and can be easily started with less investment. If good planning is done, excellent profit can be earned during Christmas.