Product/service description

The business focuses on providing stitching and alteration services for ladies’ dresses. Pickup and delivery services will also be provided at an extra fee.

Market Scope/Potential

Christmas is a time when people buy new dresses for themselves and their families and friends. Many people love to get their dresses stitched and some others need to get their dresses altered. Most of the famous and high-end tailors remain very busy during festival time. So, a home-based stitching and alteration business can be very useful to fulfill the customers’ demands. If the service provided by the business is good, it can easily make a good profit during this time.

 Opportunities

1. The business does not need a lot of investment.
2. It can be easily started at home on a small scale.
3. It is a good opportunity for people who have stitching skills.

Risks

1. The person should have a sewing machine to start the business.
2. There is a lot of competition in the market.
3. The business needs a good promotion to let people know about it.
4. If the quality of work is good, the business will yield a good profit.
5. If the demand is high, more people will be required to complete the work.

Entrepreneurial qualities

Anybody who wants to start this business must have basic stitching skills. The person should also be good at networking and promoting so as to acquire more customers.

Conclusion

A dress stitching and alteration business is an excellent way to make an extra income during Christmas. As it can be easily started from home, anyone with stitching skills can give it a try.

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• Approx Investment
  INR 3000 - 5000
• Approx Returns (Daily)
  6000 - 10000
• Approx Breakeven
  Days 1 - 2

Resources Required

Product/service description

This business focuses on providing installation, repair and maintenance services of Heat ventilation air conditioning units to all the offices, malls, restaurants, hospitals and houses. It also takes contracts from big builders and organization owners to install HVAC in the entire building and later continue to service them regularly.

 Market Scope/Potential

HVAC has become a common sight in big buildings these days. However, the installation and repair of HVAC units is not something that everyone can do. Its functioning is complex, and one needs to have special training to give the services. Therefore, every organization that has HVAC units installed needs regular servicing and repair from a professional technician.

Apart from this, taking the contract to install HVAC units in big buildings is also profitable, as the entire process is expensive and needs professionalism.

Opportunities

1. The demand for the services is increasing.
2. The business can be started with less investment and can be eventually grown into a bigger one.
3. The business yields good profits.
4. It is a great opportunity for people who love problem-solving jobs because every issue with HVAC is like a new challenge that needs to be tackled smartly.

Risks

1. The business requires a person to get detailed training in the field.
2. The business involves a certain amount of risk.
3. As the new technologies get introduced, the technicians need to be regularly trained to be up-to-date with the recent developments.
4.  A customized vehicle is needed to serve the dual purpose of carrying the machine parts and tools and also advertising about the business.
5. The technicians must be insured.

Entrepreneurial qualities

Anyone who wants to enter the business must be well trained in the field of HVAC. Regular training is also required to remain informed about the latest developments in the technology. The work requires a lot of physical strain and long hours of dedication. Excellent networking and marketing strategies can fetch profitable contracts. Good quality of service will help in the promotion of business.

Conclusion

HVAC repair business is a highly demanded job that needs skilled people. The business is highly profitable but requires a lot of hard work and skill.

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• Approx Investment
  INR 1000000 - 1200000
• Approx Returns (Monthly)
  40000 - 50000
• Approx Breakeven
  Years 2 - 3

Resources Required

Product/service description

The business focuses on establishing a small RO plant to purify water and supply it to nearby houses in 20-liter cans. The plant will have its own borewell for a continuous supply of water. It will also have its own vehicle for the transportation of the cans.

Market Scope/Potential

Water is a necessity. Life is impossible without water. However, due to the increase in the pollution, groundwater or water from any other source cannot be drunk without proper treatment. Therefore, water treatment plants are becoming very popular. In these plants, water can be easily purified on a large scale and supplied for drinking. The production cost of the purified water per bottle is very less, but it is sold at a much higher price. Considering the high selling price of the purified water, the business seems to be very promising at present.

Opportunities

1. Pure drinking water is an absolute necessity.
2. The business yields a good profit.
3. The process of water purification using the RO plant is very simple and can be easily learned.
4. The size of the plant to be established depends on the amount of capital a person has.
5. A second-hand vehicle can be used for transportation.

Risks

1. A commercial power supply is required for the plant.
2. A personal borewell is required for the continuous supply of water.
3. Open space is required to establish the plant.
4. A generator is required for power backup.
5. Acquiring a license is a must before starting the business.
6. Since the treated water is to be used for drinking, proper hygiene needs to be maintained.
7. Personalized labels should be posted on the bottles for advertisement.

Entrepreneurial qualities

Any person entering the field of water purification business must find an open space for the installation of the plant. He/she must also have the required capital to start the business. Since the business has a lot of competition, a good marketing plan is very important for growth.

Conclusion

These days, as water has a lot of impurities, establishing a water treatment plant to sell drinking water has become a very popular business. Since hygienic potable water is an absolute necessity, the demand for drinking water is increasing continuously.

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• Approx Investment
  INR 700000 - 800000
• Approx Returns (Monthly)
  35000 - 40000
• Approx Breakeven
  Years 2 - 3

Resources Required

Product/service description

The business focuses on starting a small vehicle rental shop that will provide cars and scooters to tourists on rent. Drivers will not be provided. The tourists will themselves be responsible for driving the vehicle and filling the fuel.

Market Scope/Potential

Vehicle rental business is a very popular trend in tourist places. It gives the travelers the liberty to be on themselves and explore the place as much as they wish. Tourist’s places are generally outside the main city, and public transport is mostly unavailable. In such a circumstance, renting a vehicle can prove handy and very practical to the tourists. Cars are generally rented by families and bigger groups, while scooters are useful for couples or solo travelers. Looking at the profit that the business can yield, starting this business is a good idea.

Opportunities

1. The business is very profitable.
2. Rented vehicles are in high demand at tourist places.
3. The business does not require any special skill set.
4. The business has an immense scope to grow.

Risks

1. A good amount of capital is required to start the business.
2. The business can face a lot of competition.
3. All the vehicles must be insured.
4. The vehicles need to be serviced and maintained regularly.
5. Sometimes, the tourists end up damaging the vehicle.
6. A parking space for the vehicles must be available.

Entrepreneurial qualities

There are no special qualities required to start this business. However, a good amount of capital is definitely needed to invest in the business. Since the competition is more, smart marketing skills are required to allure the tourists and grow the business.

Conclusion

A vehicle rental business is an excellent opportunity to earn a good profit if the marketing is done correctly and the competitors are tackled smartly.

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• Approx Investment
  INR 1200000 - 1300000
• Approx Returns (Monthly)
  40000 - 50000
• Approx Breakeven
  Years 3 - 3

Resources Required

Product/service description

The tyre shop will be established in a busy area that enjoys good traffic all day. The shop will sell branded tyres for heavy and light vehicles. The shop will also provide small services like changing the tyres and repairing punctures.

Market Scope/Potential

The number of vehicles is increasing at an alarming rate. Now that the recession is over, and the income of the people has increased, a number of people are planning to buy new vehicles. Even heavy vehicle manufacturers are regularly introducing improved, high-end vehicles that require good quality of tyres. Considering these factors, venturing into a tyre retailing business seems to be a profitable opportunity and is expected to grow more in the coming years.

Opportunities

1. The number of vehicles, both heavy and light, is increasing rapidly.
2. There’s an excellent demand for good quality tyres.
3. The profit margin in this business is good.
4. The business does not require the business person to have any special skill.

Risks

1. This is a capital-intensive business.
2. A good amount of space is required to open the shop.
3. There’s a lot of competition in the business.
4. The business must be registered.
5. The location of the shop plays a major role in deciding the fate of the business.

Entrepreneurial qualities

Though there are no special skills required to start the business, it is always advantageous if the business person has previous experience of working in a similar field. Another important requirement for the business is the availability of a huge capital. Market strategies, smart pricing and a keen eye on the competition are also important to excel in this field.

Conclusion

Establishing a tyre shop is a capital-intensive, but profitable business. Good quality products and prompt services can help the business to grow gradually.

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• Approx Investment
  INR 2500000 - 3000000
• Approx Returns (Monthly)
  80000 - 100000
• Approx Breakeven
  Years 3 - 3

Resources Required

Product/service description

The business focuses on starting a small-scale T-shirt printing shop that will print T-shirts in bulk and sell them to wholesalers and retailers. The business will also entertain people who wish to personalize their T-shirts and get their favourite designs printed on them. It will also take special orders to print customized T-shirts for offices, hospitals, celebrations, events, etc. 

Market Scope/Potential

T-shirt printing has become very popular these days. It is a fun way to customize the dresses and express through art. Several organizations get T-shirts printed for their promotion. Printed T-shirts are also a good gifting idea. Since the process of T-shirt printing is very simple and can be easily learned by a little practice, many people are allured towards this business. At present, there is a good demand for printed T-shirts, so the profit in this business is huge.

Opportunities

1. There is a good demand for printed T-shirts.
2. The cost of printing a T-shirt is very less.
3. The T-shirt printing process is very easy and can be learnt by a little practice.
4. Less investment is required to start the business.
5. The machines required to start the business comes at a very reasonable price.
6. The business can be started in a small space or even at home.

Risks

1. The business needs to be registered.
2. It is essential to copyright personal designs to prevent other businesses from copying the designs.
3. There is a lot of competition in this field, so smart market strategies are required to promote the business.

Entrepreneurial qualities

Any person wanting to enter this business must be aware of the business strategies. Networking and good relationship with organizations will help in getting bulk orders. Good contacts with T-shirt manufacturers will help in buying T-shirts at a reasonable price. Though the business focuses on expressing art, it does not require the business person to be artistic. All that one needs is a little practice to produce quality work.

Conclusion

T-shirt printing business has a very good demand in the market. It is a good option for people who want to earn a profit with less investment.

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• Approx Investment
  INR 200000 - 300000
• Approx Returns (Monthly)
  20000 - 30000
• Approx Breakeven
  Years 1 - 2

Resources Required

Product/service description

The souvenir shop will be in the heart of the tourist location. It will sell different gift items and mementoes that are unique to the place. It will also sell special handicraft items that will be made by the local artisans. The shop will be rustically decorated and will reflect the lifestyle and culture of that place.

Market Scope/Potential

Every tourist travels for fun, experience, and memories. What better way to preserve memories than collecting unique items from that place? People love buying local items from a tourist spot. A tastefully decorated souvenir shop with an elegant display of unique items will help to attract the customers. Smart marketing and mindful pricing can help in growing the business.

Opportunities

1. Initially, the business can be started small. The size of the shop does not matter much. What matters more is the quality of the products and the look of the shop.
2. The shop will represent the cultural heritage of the tourist place.
3. Smart marketing and a keen eye on competitors can help in doing a profitable business.
4. The shop gives an unending scope of playing with creativity.

Risks

1. There’s a lot of competition in this field.
2. The shop, no matter how small, must be registered.
3. The person should have a creative taste.
4. Good networking is required to attract more customers.
5. Knowing more than one language can help in building a good relationship with the tourists.

Entrepreneurial qualities

Any person wanting to start a souvenir shop must have the initial capital to give the place a creative look. The person should have a fine artistic taste to understand the needs of the tourists and stock exclusive items accordingly. He/she must also have the ability to attract the customers and present them with items that are memorable.

Conclusion

A souvenir shop in a tourist location is a profitable business if the marketing is done properly. The shop will not only make money but also help to preserve the culture of the place.

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• Approx Investment
  INR 400000 - 500000
• Approx Returns (Monthly)
  20000 - 30000
• Approx Breakeven
  Years 2 - 2

Resources Required

Create an add and advertise on vechical in a digital view it can easily convincethe people to purchase the products and anxiety to search the details of the product and purchase

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• Approx Investment
  INR 15000 - 100000
• Approx Returns (Daily)
  1000 - 10000
• Approx Breakeven
  Days 20 - 25

Resources Required

Product/service description

An electrical contracting business specializes in providing electrical services to government and private organizations. The business mostly deals with the installation, repair, maintenance and upgrading of electrical systems.

Market Scope/Potential

Electrical systems are an important part of our infrastructure. Their installation and maintenance need special supervision. This is a job of great responsibility and commitment. Therefore, the government as well as private organizations delegate their electrical work to the contractors who take up the responsibility of dutifully completing the job under a certain budget. Though the business requires a lot of networking, the profit margins are generally high.

Opportunities

1. The profit margin is good.
2. The business does not need much investment.
3. Small businesses can also acquire big contracts if the service provided by them is good.

Risks

1. Acquiring a license is mandatory before starting the business.
2. Care should be taken to build a team of qualified people.
3. Marketing and networking are two essential elements that will define the success of the business.
4. A professional training in this field will definitely be advantageous.

Entrepreneurial qualities

It is always beneficial if the person starting an electrical contracting business secures a certification in the field. Obtaining a license from the government is also mandatory. Having a previous experience in the field of electrical services will be helpful. He/she should also remain updated about all the modern techniques being introduced in the field.

Conclusion

Electrical contracting business requires a lot of hard work, dedication and responsibility. Ensuring the safety of the people must be the contractor’s main task and it should not be overlooked in an effort to reduce the budget of the project.

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• Approx Investment
  INR 400000 - 500000
• Approx Returns (Monthly)
  30000 - 40000
• Approx Breakeven
  Years 2 - 2

Resources Required

Product/service description

The business focuses on ginning raw cotton and preparing cotton bales that can be sent to the cotton mills for the preparation of yarn.

Market Scope/Potential

Cotton ginning is the first step in the processing of cotton. It involves removing of seeds from the cotton and forming cotton bales. The entire cotton textile industry is based on cotton ginning. Since the cotton ginning industry relies on agriculture, its success completely depends on the yield of cotton. The industry also faces serious competition from synthetically produced yarn. However, if all the climatic factors are favourable and the marketing is done well, then the ginning industry can earn a reasonable profit.

Opportunities

1. There is a good production of cotton in India.
2. The demand for cotton textiles will never fade away from the market.
3. It increases the scope of employment.

Risks

1. The ginning mill must be located near the cotton fields for the easy transportation of raw cotton from the field to the factory.
2.  Proper storage facility should be available, as cotton bales get spoilt by heat and rain.
3. Cotton mills can easily catch fire, so the walls of the mills should be fire insulated.

Entrepreneurial qualities

In order to start the business of cotton ginning, the most important thing that a person should have is good capital. He/she should also have a good experience in running a manufacturing unit and managing a big team of people. To enhance the business performance, marketing skills of the person should also be good.

Conclusion

Cotton ginning mill business is a capital-intensive business. Its success depends on the production of the cotton crop and the marketing of cotton textiles.

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• Approx Investment
  INR 7000000 - 8000000
• Approx Returns (Monthly)
  100000 - 150000
• Approx Breakeven
  Years 5 - 6

Resources Required

Market Scope/Potential

The construction companies are the backbone of any country’s infrastructure. They directly influence the growth of a country. Serving both government and private sectors is a capital-intensive job and requires the construction company to win over some big projects to make a profit. As far as government sectors are concerned, the company needs to submit tenders as per the publication and once it wins the tenders, it can start the construction. In the case of private sectors, good relationship with big clients helps in fetching profitable projects. Though the business requires a lot of money, the profit is huge.

Product/service description

The construction company will provide services to the government as well as private sectors. It will start as a small company and then try to grow into a bigger company.

Opportunities

1. The business yields huge profits.
2. The business is a good opportunity for architects and civil engineers.
3. Since the demand for construction is going to increase in future, the business has excellent prospects.
4. It is a recession-free business field.

Risks

1. The business requires a big capital.
2. A good networking is required to compete with the already established big players in the market.
3. To enter in the government construction field, the construction contractor must be registered in the local municipality office.
4. A big team of workers is required.

Entrepreneurial qualities

Any person wanting to start a construction company must have good capital. A previous experience in the field of construction will help a lot during the beginning of the business. He/she should be able to manage a big team of people who will be involved in the construction work. To become a contractor in the government field, one must be registered in the municipality office. Good networking skills are advantageous to grow the business.

Conclusion

Venturing into the field of construction involves a little risk in terms of money. There might be challenges in the initial stages, but good quality of work can help the company to rise above its competitors.

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• Approx Investment
  INR 8000000 - 10000000
• Approx Returns (Monthly)
  200000 - 300000
• Approx Breakeven
  Years 4 - 5

Resources Required

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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• Approx Investment
  INR 500000 - 600000
• Approx Returns (Monthly)
  80000 - 100000
• Approx Breakeven
  Years 1 - 2

Resources Required

Product/service description

The business focuses on providing cleaning services to houses, apartments and residential complexes. It mainly deals in deep cleaning services that are difficult to achieve on a daily basis.

Market Scope/Potential

Until now, people had been cleaning their homes on their own or hiring a person to assist them in the daily cleaning. Recently, the concept of deep cleaning the entire house is gaining much popularity in the big cities. Owing to the lack of time and energy, people have started preferring professional cleaners for cleaning of the entire house, which includes cleaning furniture and bathrooms too. This business gives an opportunity to make some good profit.

Opportunities

1. The business can be started with a low investment.
2. As the business grows, the profit margin is good.
3. This can be started as a full-time or part-time business.
4. No special skills are required to start the business.
5. Though there are some established players in the market, there is still scope for others to enter the same field.
6. The business has a good scope of growth and expansion.

Risks

1. Presently, this business has gained popularity only in bigger cities.
2. The business can be started only after getting registered and securing a license.
3. Good online marketing works well in advertising the business.
4. Since the business depends on the service providers (cleaners), managing them can become a little difficult if the staffs do not cooperate.

Entrepreneurial qualities

To start this business, one does not require any special skill. All that is required are some simple machines, a handful of expert cleaners, few chemicals, and small office space. However, marketing and managing skills of the business person should be up to the mark. Good networking with residential complexes, builders and house owners can help in securing good business deals.

Conclusion

As this is an emerging field, there is a lot of scope for the business to grow. Commitment, hard work and quality services can help the business to gain popularity.

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• Approx Investment
  INR 400000 - 500000
• Approx Returns (Monthly)
  30000 - 40000
• Approx Breakeven
  Years 2 - 2

Resources Required

Product/Service Description

The business focuses on the manufacture of petroleum jelly on a small scale and its sale to wholesalers, retailers and online customers.

Market Scope/Potential

Petroleum jelly is an essential ingredient in many cosmetics and skin lotions. It is used for making skin creams, hair gels, pain balms, cold creams and vaporous. The manufacturing process of petroleum jelly is relatively simple and can be started without much fuss. Since the finished product is already popular and enjoys a good demand in the market, any business that focuses on proper marketing strategies can make a good profit.

Opportunities

1) Less capital investment is required.

2)  It does not need a lot of real estates to open a small-scale factory.

3)  Raw materials are readily available.

4)  Petroleum jelly has a good demand in the market.

Risks

1)  Registration and licensing requirements with the government regulatory authority are cumbersome.

2)  There are several established players already in the market.

3)  Special equipment like emulsifiers is needed for the manufacture of the product.

4)  Quality control tests need to be taken to ensure that the finished product is not harmful to skin and hair.

Entrepreneurial qualities

Any person interested in starting this business must have experience in the chemical industry. He/she should do thorough market research to identify the prospective customers and existing competitors. Advertising through word of mouth, television, and newspapers can help in growing the business gradually.

Conclusion

Since there is a growing demand for petroleum jelly in the market, starting its manufacturing business is a good idea. It does not require much capital and can perform well with proper marketing strategies.

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• Approx Investment
  INR 500000 - 600000
• Approx Returns (Monthly)
  40000 - 50000
• Approx Breakeven
  Years 1 - 2

Resources Required

Product/Service Description

Establishing a small-scale industry to manufacture laundry detergent and dishwashing liquid that will later be sold to wholesalers and retailers.

Market Scope/Potential

Detergents and dishwashing liquids are one of the highly demanded items in the chemical industry sector. A recent survey states that the demand of these products will rise even more in the coming decade because of the increase in population. It is comparatively easy to enter into this venture because the manufacturing unit can be established on a small scale. People are not very brand conscious while buying these commodities, so a new brand can easily create its place in the market.

Opportunities

1.  Detergents and dishwashing liquids are in a great demand.

2.  A small-scale manufacturing unit can be established with a less capital.

3.  People are not brand obsessed while buying these commodities.

4. These commodities are non-perishable, so they can be stored easily.

5.  A 1000 sqft. space is enough to open the manufacturing unit.

Risks

1. There’s a huge competition in the market.

2.  The manufacturing unit should be established in an industrial area.

3. Transportation facility is required to carry the finished products from factories to shops.

4. Different kinds of license are required to start a chemical industry.

Entrepreneurial qualities

It would be beneficial if the person entering the business has a previous experience in the chemical industry or is a chemical engineer. Apart from this, the person should also have a smart business plan that can enable him/her to compete with the already established brands in the market. Advertising the product through digital and print media can also help in increasing sales.

Conclusion

Since detergents and dishwashing liquids are in high demand in the market, establishing a small-scale manufacturing unit for this commodity gives an opportunity to do a good business and earn a great profit. However, competitors and marketing strategies must be taken care of.

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• Approx Investment
  INR 800000 - 1000000
• Approx Returns (Monthly)
  100000 - 150000
• Approx Breakeven
  Years 1 - 2

Resources Required

Product/Service description

The business aims at creating beautiful ceramic artwork and selling them at flea markets, art exhibitions, and online.  It also trains people to create ceramic art. The studio also encourages people to visit the place just for fun, relaxation and to enjoy a unique creative experience.

Market Scope/Potential

The Ceramic studio business is a unique venture involved in creating and selling ceramic artwork. It is a good option for people who appreciate handicrafts. Moreover, since the business also trains the people, many would love to pursue this art in the form of a hobby. It would be a good way to relax and take a break from the daily chores. The studio also offers a one-day trip for those who enjoy the art and want to have a hands-on experience at creating ceramic artwork themselves. Since the present generation is always on a lookout for something creative, a ceramic studio will definitely grab their attention.

Opportunities

1.  It is perfect for creative people who want to earn money while following their passion.

2.  It is a new idea, so there’s not much competition yet.

3.  It does not require much investment.

4.  The innovative business will give people a chance to learn something creative.

5.   It will help to revive the long-lost art form of our country.

6.  It can provide employment to potters and artisans.

7.  A visit to this place can be a fun learning experience for kids as well as adults.

Risks

1.  The business should be registered.

2.  The business can yield a good profit only if smart marketing strategies are incorporated.

3.  Skilful potters and artisans are required to make the business a hit.

4.  The studio must be quite spacious to accommodate a good number of people at a time.

5.   The business must take part in art exhibitions and other handicraft events for promotion.

Entrepreneurial qualities

Venturing into this business needs a person to be passionate about art. A training in the field of pottery making will be an added advantage. The person should know how to generate money through art in a creative way. Innovative marketing ideas and networking will help people to know about the business and appreciate it.

Conclusion

The business is all about generating income through art. It is a unique idea and not much popular at present. Proper planning will help the business to grow.

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• Approx Investment
  INR 300000 - 400000
• Approx Returns (Monthly)
  30000 - 40000
• Approx Breakeven
  Years 1 - 2

Resources Required

Product/service description

To start an interior design business that aims at designing and decorating homes, offices and shops at a medium budget.

Market/Scope potential

Designing and decorating add to the charm of any interior space. Though all the people love their spaces to be intricately designed, not many of them have the creative bend or required skill to achieve it. An interior design business can help such people to personalize their spaces at a medium budget. A business that offers a good service will eventually build a successful brand in the market.

Opportunities

1.     Interior designing has a good demand.

2.     There is a scope of earning a great deal of profit.

3.     Interior designing is an interesting job, as it allows a person to be creative.

4.     Less investment is required to start the business.

5.     Proper marketing strategies can help in the rapid growth of the business.

Risks

1.     Competition is more, so market research must be done very carefully.

2.     The business must be registered and insured.

3.     A professional photographer is a must because the business is all about being visually loud and attractive.

4.     Creative marketing skills are required to secure a unique place in the market.

Entrepreneurial qualities

In order to start an interior design business, a person must have a creative mind. He/she should also know the usage of designing tools. An extra knowledge and training in the designing field will help the person to understand the business better, thus enabling it to grow. Contacts with people dealing with buildings, apartments and offices can help in winning a reasonable number of projects.

Conclusion

Interior design business is for people who are passionate about designing and decoration of interior spaces. Though it is an interesting business, it requires a lot of hard work because the competition is immense. Only a good marketing strategy can help the business to grow.

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• Approx Investment
  INR 300000 - 400000
• Approx Returns (Monthly)
  40000 - 50000
• Approx Breakeven
  Years 1 - 2

Resources Required

Product/service description

The business deals with setting up a manufacturing unit to make bulletproof vests that can be worn by the soldiers, army officers, special protection officers, and other important personnel.

Market Scope/Potential

Bulletproof vests are a type of armour that provides protection from different kinds of bullets. In the recent years, the increased number of attacks has led to the demand of good quality bulletproof vests that can be worn by security providers, soldiers and other important people who feel that their life is at a risk. A business that specializes in the manufacture of bulletproof vests can be profitable if the products are of a good quality.

Opportunities

1. The need for bulletproof vests has increased in recent years, due to an increase in the need of security at various kinds of organization.
2. It helps to reduce our dependency on foreign goods.
3. It helps our soldiers to be better prepared against any attack.

Risks

1. The business needs special registration and license.
2. Since the business is at a very nascent stage, it still requires a lot of research before manufacturing the product.
3. Quality control tests are a must.

Entrepreneurial qualities

Any person wishing to start this business must understand the importance of the product and the need of the people who will be using the defence equipment. Being a critical equipment, its quality should be monitored closely. A previous experience in this field can prove beneficial.

Conclusion

The business is one of the most emerging fields in our country. Looking at the present situation, the demand is going to increase in the future.

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• Approx Investment
  INR 4000000 - 5000000
• Approx Returns (Monthly)
  100000 - 150000
• Approx Breakeven
  Years 3 - 4

Resources Required

Product/service description

Sell a variety of plants that can be grown in pots, seeds of vegetables and flowering plants, organic fertilizers, pesticides, gardening soil mix, homemade compost, decorative pots, gardening tools and accessories. The business will focus on the gardening requirements of apartments, offices and other small spaces.

Market Scope/ Potential

These days, as the environment is degrading, growing plants has become a necessity. However, not everyone has a big land to grow trees. People living in apartments and small spaces need plants that can easily be grown in pots and require less effort and maintenance. Therefore, a nursery which specialises in selling plants and other materials mostly suitable for small balconies can flourish easily. Homemade compost is again an elixir for the plants. A nursery that sells genuine homemade compost can make huge profits.

Opportunities

1. The competition is less. Though there are nurseries selling plants and other stuffs, they generally focus on big gardens. Nurseries focusing only on potted plants and small spaces plants are less. Moreover, the supermarkets that sell plants and garden accessories are very costly and not many people can afford them.

2. Not many nurseries sell vegetable seeds that can easily grow in pots. 

3. The investment is less and nursery can be easily started if one has a little backyard space.

4. Initially, the plants can be bought from a whole seller, but later the many of them can be easily propagated at home.

5. Organic compost can easily be made at home by just using kitchen scraps.

Risks

1. Some plants need special care and can die if proper conditions are not given.

2. Watering and fertilizing of plants are necessary and one has to do it diligently.

3. The soil of the pots gets dried up very easily during summer months.

4. There should be a proper place to store decorative pots and garden accessories, otherwise there is a chance of them being spoilt.

5. Plants take time to grow so immediate huge demand of a particular plant cannot be fulfilled.

6. Homemade compost takes about three months to be completely formed, so the production takes time.

7. Seeds can be spoilt by worms if they are not stored properly.

8. Plants can be attacked by pests.

Entrepreneurial qualities

To start a nursery one does not need any specific qualities. Anyone can start a nursery, if he/she owns a land and knows a little about the care of plants, composting, making soil mix and propagating. However, a lot of hard work and discipline is required. A little planning is also required to sort out details like where to buy the wholesale stock from, where to store the surplus products, how to attract the customers and how to aesthetically present the products so that people are encouraged to buy them.

Do's

1. All the plants should be properly watered and fertilized.

2. Store all the seeds, pots and tools in a proper place.

3. Propagation of plants and preparation of compost should be planned well in advance so that the stock is always ready to sell.

Don't

1. Don't buy too many plants at a time. Look at the sale and then decide.

Conclusion

This business is for people who have a little land or backyard space, zeal to work with plants, motivation to remain disciplined and business skills to sell the products.

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• Approx Investment
  INR 30000 - 40000
• Approx Returns (Monthly)
  10000 - 20000
• Approx Breakeven
  Months 6 - 12

Resources Required

Product/service description

The business focuses on starting a security agency that will provide security guards to offices, private organizations, shopping complexes, housing areas and individuals.

Market Scope/Potential

Since the crime in our country is rising at an alarming rate, the need of security has increased drastically. Security guards are the people who are trained to provide safety and deal with dangerous situations. These days, security guards are a common sight everywhere. They effectively fill up gaps that are created when public security or the police are unable to address a situation on time. Starting a security agency is a good way to serve the people and make some profit.

Opportunities

The business is easy to start just with a few people.

Less investment is required.

The business creates employment for people who are interested in maintaining law and order.

Once the business starts performing well, there is a scope of expanding it easily.

Risks

The business should be registered, and a private security agency license must be obtained.

The security guards must be trained regularly.

Initially the profit margin is less.

Before appointing the security guards, a complete background check must be done to ensure that the person is genuine.

Entrepreneurial qualities

This business is suitable for people who are interested in maintaining law and order. Any person who has a previous experience in the field of law enforcement can establish this business successfully. Retired personnel of army, police or air force can also start this business. Training the security guards is the main challenging task that one must take care of.

Conclusion

Establishing a private security agency is a good business opportunity that can be started either full-time or a part-time with less investment. Smart networking with different kinds of organizations can help in securing good deals.

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• Approx Investment
  INR 400000 - 500000
• Approx Returns (Yearly)
  200000 - 400000
• Approx Breakeven
  Years 1 - 2

Resources Required

Product/Service description

This business aims at setting up a microbrewery that prepares fresh beer in different flavors. The freshly brewed beer is free from preservatives, as it is not bottled or stored and can be had right from the barrel.

Market Scope/Potential

The concept of microbrewery is new in India. At present, only a few states have introduced microbreweries, however the trend is catching up soon and people are liking the taste of the authentic freshly brewed beer over the bottled variety that is mass-produced in the big breweries. Thus, setting up a microbrewery business has great prospects in the present scenario.

Opportunities

The beer produced is of a far better quality than the bottled ones. They do not have any preservatives and are available in several unique flavors.

It gives a great opportunity to passionate people to craft their own beer by experimenting with different flavors.

Competition is less, as this concept is still in its infancy.

The demand of beer is increasing rapidly, as the Indian population has started appreciating it for its unique flavor.

Risks

Huge capital is required to start the business.

Special training is required to learn the basics of brewing.

Waste management should be planned effectively.

Proper market research needs to be done before entering into the venture.

The license and the registration might take a lot of time.

Indian government has some stringent rules to abide by when it comes to breweries and distilleries.

People still appreciate spirit more than beer. However, the trend is changing fast.

The production of beer takes seven hours.

Entrepreneurial qualities

Anybody with an aim to start a microbrewery must be ready to invest a huge amount of capital. He/she must have the passion to create beer in unique flavors. A basic training in the field of brewing is also essential. Marketing strategies need to be perfect so as gain as much profit as possible. A visit to the already existing breweries outside India can give an idea of how a real microbrewery function.

Conclusion

A microbrewery has a huge business potential in the next five years but it needs a lot of capital and proper market research.

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• Approx Investment
  INR 30000000 - 40000000
• Approx Returns (Yearly)
  10000000 - 20000000
• Approx Breakeven
  Years 2 - 3

Resources Required

Product/service description

The business deals with providing pest control services to restaurants, factories, hospitals, offices and houses. It helps in controlling different kinds of pests and rodents like cockroaches, ants, mosquitoes, rats, lizards, etc.

Market Scope/Potential

Pest control business has become very popular lately. Since the services provided are very useful, there is an overwhelming demand for this business in cities as well as villages. Pests and rodents are notorious little creatures that can cause serious problems. Regular pest control services help them to stay under control and not cause a havoc.

Opportunities

Less investment is required to start the business.

It can also be started as a part-time business.

Pest control services have a great demand.

Risks

Special training is required to learn the techniques of pest control.

As the business deals with dangerous chemicals, special license is required to start the business.

The pest control technicians can face health hazards if they are not careful while handling the chemicals.

Entrepreneurial qualities

It’s beneficial if the person starting the business has a previous experience in the field of pest control. A training in this field is also mandatory. However, if the person wishes to start the business without prior knowledge in the field, he/she must hire competent staffs who are well- trained to do the job. Effective marketing skills will also contribute towards the growth of the business.

Conclusion

Pest control business is rapidly becoming popular all over the country. Since it is also a profitable field that requires less investment, venturing into this business is a good idea.

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• Approx Investment
  INR 400000 - 500000
• Approx Returns (Monthly)
  20000 - 40000
• Approx Breakeven
  Years 1 - 2

Resources Required

Product/Service Description

This business deals with the transportation of perishable items like milk, fruits, vegetables, meat and flowers from one place to another within and outside the state.

Market Scope/Potential

With the growth of online food delivery apps, there is a growing need for instant delivery of perishable items like food, milk, milk products and flowers. Some of the food items need to be sourced from a distant location because they are unavailable at the required location. In such cases, there is a demand for transportation of these perishable items from one location to another in a short span of time, without compromising on the quality of the food items.

Opportunities

Since this is an upcoming business, there are no big players in the market.

Tie-up with online and retail food chains can ensure constant business cashflow.

The business ensures a good profit.

Risks

It is understood that there will be a certain degree of wastage because of the nature of perishable items

Significant capital investment is required.

Maintenance of the equipment and vehicles used for transportation is costly.

Most of the perishable goods need to be carried under a temperature-controlled environment, so the transportation vehicles must have the required facilities.

Entrepreneurial qualities

A person involved in the transportation business must understand that this job requires a great deal of responsibility and hard work. He/she should also have the required capital to invest. Being in a good relationship with the retailers, wholesalers and other customers is indispensable to ensure a continuous flow of business opportunities.

Conclusion

Venturing into the transportation business is a good idea if a person has the required capital, passion to put in a lot of hard work and ability to develop a good interpersonal relationship with other businesses.

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• Approx Investment
  INR 1500000 - 2000000
• Approx Returns (Monthly)
  80000 - 100000
• Approx Breakeven
  Years 2 - 3

Resources Required

Product/service description

Involving children, unemployed adults and women in making different kinds of handicraft products to be sold in the high-end stores and utilise the profit for the benefit of needy children (to provide food, clothing, housing and education)

Market Scope/Potential

There are many children who are in the need of help. The NGO is usually involved in the care of these children. Apart from getting grants from big companies, the profit from handicraft business will help the NGO to raise funds for the social service. If the NGO does a good business the extra money will also help it to earn extra profit.

Opportunities

The business is exempted from certain kinds of taxes.

Good opportunity for philanthropists to invest their money into some kind of good work.

Provides employment to many people in need.

More profit in the business helps in the growth of the NGO and thus enables it to serve the society in a better way.

The business allows other people to know about the handicrafts that has long been forgotten. Thus, it helps the rich heritage of our country to grow.

Risks

Convincing people to participate in the business is challenging.

There is a competition among all the NGOs to acquire the best investors so as to get maximum funds.

Merging business into NGO is a difficult thing to do. There has to be a proper business plan with good marketing and a proper board of members to take care of the business.

Entrepreneurial qualities

A person who wants to associate an NGO with a business needs a good planning to merge the two different kinds of jobs effectively. He/she should have good communication skills and an excellent interpersonal relationship to acquire the required funds from the investors. A person who has a good experience in market research will be able to do a good business and also serve the needy.

Conclusion

NGO has good business opportunities if the two kinds of jobs merge well with each other. It also allows people to get involved in social service and work for the upliftment of the society.

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• Approx Investment
  INR 1000000 - 1500000
• Approx Returns (Monthly)
  60000 - 70000
• Approx Breakeven
  Years 2 - 3

Resources Required

Product/service description

The business focuses on setting up a preschool in a residential area of the city. It also provides daycare facilities and after school tuitions. The curriculum is well suited to cater to needs of working parents too.

Market Scope/Potential

Preschool is one such field that has gained momentum in the recent years. Since the children from age 3 to 6 years are highly impressionable, it is important to give them the right kind of care and support. The initial schooling days are more about learning life skills and preschools are an expert at doing just that. Parents want their children to learn in a fun way, and feel safe and loved. A preschool that offers good facility and has a team of well trained and trusted staff can do a great business.

Opportunities

The profit in this field is high.

Being a part of the education field helps to contribute towards the upliftment of the society.

It is a good opportunity for people who love to spend time with children.

It gives a lot of space for creativity.

There is a freedom to customize the curriculum.

Risks

The business needs license and registration.

Good amount of open space is required for the children to indulge in outdoor activities.

Investment required to start the business in more.

Since there is an involvement of small children, the work needs a great deal of responsibility

Special teacher’s training is required to understand and learn the skills to handle young children.

Entrepreneurial qualities

A preschool is more than just a business idea. It is a place where the lives of young children are moulded towards a bright future. Therefore, any person wanting to enter this business must appreciate a kid’s company. The person should have proper training on how to teach the kids in a fun way and handle their small issues. He/she must also have the required capital to start the business. Since the competition is more, marketing strategies must be right in place.

Conclusion

Setting up a preschool is highly profitable. Good marketing strategies will help it to grow. Proper facilities, a good team of staffs, and a safe and secure environment will attract a greater number of admissions.

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• Approx Investment
  INR 1500000 - 2000000
• Approx Returns (Yearly)
  1000000 - 1500000
• Approx Breakeven
  Years 2 - 3

Resources Required

Product/Service description

 The business focuses on selling various brands of white and grey cement to retailers and construction sites. The shop also has the provision of the transporting the cement bags to the construction sites.

Market Scope/potential

Cement business has always been a flourishing occupation in India mainly due to the ever-growing nature of the construction in our country. This is the one business that has hardly been affected by recession. Therefore, a dealership in cement is always a good idea to make a handsome profit. However, some marketing strategies need to be taken care of in order to increase the sales and run the business smoothly.

Opportunities

Less investment is required to establish the business.

Profit margin is good.

Cement is in great demand.

Risks

Competition is more, so good contacts with engineers, architects and builders is a must to do a good business.

A minimum area of 500 sqft. is required to open a cement shop.

Storage should be ideal so that it does not degrade the quality of the cement.

The shop should be in an area where the cement bags can be easily loaded or unloaded from a truck.

Labourers are required to load and unload the cement bags.

There should not be another cement dealership business in the vicinity.

The business should be registered.

Entrepreneurial qualities

Anybody dealing in cement business must have an overall idea of the raw materials used for construction of buildings. He/she should also be able to manage the labourers and drivers who would help in the transportation of the cement bags. In this business, developing contacts and relationships with builders and engineers is the best way to get good sale contracts.

Conclusion

Cement business holds a good scope in the market, as it is one of the most important material used in the construction. Establishing this business does not require a lot of money. So, anybody who has efficient managerial skills and is good at maintaining interpersonal relationships can grab this opportunity and make the most of it.

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• Approx Investment
  INR 800000 - 1000000
• Approx Returns (Monthly)
  50000 - 70000
• Approx Breakeven
  Years 2 - 3

Resources Required

Product/Service description

Provide an overall cleaning solution to hotels which includes cleaning of lobby area, reception, garden, parking, swimming pool, all the rooms, washrooms, kitchen and laundry.

Market Scope/ Potential

Hotels need to maintain an optimum level of cleanliness at all times because only a clean hotel can attract good number of guests. Therefore, all the hotels take utmost care to keep the place sparkling clean. To take care of the cleanliness, a housekeeping department is required. Many times, in order to lower the burden, hotels outsource their housekeeping services. A housekeeping business can be of a great help to such hotels.

Opportunities

Less capital is required to start the business.

Since cleanliness is the main criteria of any hotel, housekeeping business can flourish well.

The tools and machines to be used are a one-time investment.

There is no need to rent a separate building. It can be started from a very small space, a garage or even one's own home.

There is no need to pay any utility bill.

Risks

There is a great deal of competition in the market.

Making contacts and getting continuous work during the initial days can be challenging.

Maintaining the team of workers is difficult as they have a tendency to quit the job.

Regular monitoring and training is required to keep the workers motivated.

Entrepreneurial skills

There is no skill required to start a housekeeping business. However, you need to have good communication and managerial skills. You need to build good contacts with hotels that can give you the job. Your team of workers also need to be managed efficiently.

Do's

Look for new technology and tools that can enhance the efficiency of your work. Keep learning and keep growing.

Calculate all your expenditure and assess your cost mindfully. There is no need to undersell yourself to get work.

Value your workers. Your workers are your asset.

Invest in building good customer relationships. This is the only way to get a continuous workflow.

Don't

Don't be careless with your work. The damage can cost you money and even make you lose a profitable contract.

Conclusion

Housekeeping business is seeing a boom these days. Anyone who is ready to invest a little money, has good managerial skills, takes pride in providing quality services to people and has excellent communication abilities can start this business.

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• Approx Investment
  INR 500000 - 600000
• Approx Returns (Monthly)
  25000 - 50000
• Approx Breakeven
  Months 8 - 12

Resources Required

Product/service description

Sell a variety of plants that can be grown in pots, seeds of vegetables and flowering plants, organic fertilizers, pesticides, gardening soil mix, homemade compost, decorative pots, gardening tools and accessories. The business will focus on the gardening requirements of apartments, offices and other small spaces.

Market Scope/Potential

Vermicompost is a great source of nutrition for the plants. It is much cheaper than the chemical fertilizers and a little quantity goes a long way. Moreover, since it is an organic fertilizer, it neither harms the soil nor the plants. It has a huge demand in the market due to its benefits and also because more and more people want to switch to fertilizers than do not harm the environment.

Opportunities

Vermicompost is easy to make and the installation of vermicompost bed does not need a lot of space.

The tools are a one-time investment.

Vermicompost takes lesser time to be made when compared to normal compost because the worms help in the faster decomposition of waste.

The life of worms is around two years and they reproduce pretty fast so there is a good amount of worms produced if proper conditions are provided.

The raw materials are kitchen waste, cow dung, paper scraps, droppings of birds, paper mill slurry, etc. These things are actually the waste that is available in huge amounts at practically no cost.

Risks

The worms can be attacked by pests.

There is a need to constantly keep turning the mixture and adding moisture. An optimum temperature should also be maintained.

Though the vermicompost has an earthy odour, it can start giving out an offensive odour if all the factors are not maintained properly.

Entrepreneurial qualities

To start vermicomposting, there is no need of any kind of special training or skill. However, working with worms may not sound interesting to everyone. Therefore, this business is only for those people who have a desire to work with the worms and waste materials. In addition, one also has to have a land to prepare the vermicompost beds. Space should also be available to store the prepared compost.

Do's

Chop the kitchen scrap into tiny bits so that it is easier for the worms to decompose them.

Keep the correct ratio of moist and dry material in the compost.

If the compost seems to be very moist, add dry materials like paper, cartons, dry leaves, etc.

Don't

Don't add fresh cow dung to the compost as there is a lot of heat in it. Leave it for a few days so that the heat escapes.

Don't add plastic, glass, metal or any kind of material that cannot be decomposed. This can spoil the quality of the compost.

Don't add onions, garlics or citrus fruits to the compost. Avoid salty food and meat products too.

Conclusion

Vermicompost business is for those people who are passionate about farming worms, are ready to utilise their land to recycle waste and have the skills to sell their products in the market.

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• Approx Investment
  INR 350000 - 500000
• Approx Returns (Yearly)
  300000 - 350000
• Approx Breakeven
  Months 14 - 20

Resources Required

Product/Service description

Sell renowned health supplement and multivitamins online through Amazon. Get in touch with health supplement manufacturers, sell their products, advertise about the business in different ways like on social media, through flyers and also word of mouth.

Market Scope/potential

These days people are becoming more health conscious. As the quality of food is degrading and the lifestyle is becoming erratic, most of the nutritional needs are not fulfilled just by eating the normal food. So, people are in a need of different kinds of nutritional supplements that can enhance the quality of their health.

Opportunities

1. Online business needs less investment.

2. The storage and transportation is handled by Amazon, though they charge a some amount for their service.

3. Scope of the business is good because the demand of nutritional supplements is increasing day by day.

Risks

1. There is a lot of competition in the market so one needs to have solid advertising and convincing capabilities to attract the customers.

2. A license is required from FDA to sell health supplements.

3. Anything that is going to be ingested by the customers has the risk to cause reactions, so the product should be from a renowned manufacturer only.

4. The review on the Amazon platform should always be good so as to attract more customers.

Entrepreneurial qualities

In order to start a health supplement business, one should definitely have a little knowledge about food supplements and vitamins. This will enable the person to keep a check on the products that he/she is selling. Apart from this, since online business is only on the internet, a good marketing is required to attract customers.

Do's

1. Do think about specialising in the area of health supplements. A crash course can also be done to gain knowledge. If this is not possible, take the help of a person who knows about the field.

2. Invest in quality products. Look for only genuine manufacturers.

3. Keep the label in compliance with the FDA rules and regulations.

Don't

1. Don't underestimate the power of attractive labels. Ask your manufacturers to design an attractive label or leverage a label making company for it.

Conclusion

Online health supplement business has a great scope for people who have a little knowledge in the pharmacy field. A person in this business should also have good communication skills and convincing power to put customers' minds at rest and make them believe that the product is going to enhance their health. Marketing strategy is also one of the factors that is crucial to succeed in this business.

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• Approx Investment
  INR 75000 - 100000
• Approx Returns (Monthly)
  12000 - 18000
• Approx Breakeven
  Months 8 - 12

Resources Required

Product / Service Description:

Replacing food habits with nutritional food by preparing a variety of tasty dishes for Breakfast, Lunch and Dinner. These Dishes should contain Fruits, Vegetables along with healthy carbohydrates and fats.

Market Scope / Potential:

We have many options to buy Junk food and very few options for nutritional food. In these days people are looking for solution to change their food habits. But they could only able to get advices.

Opportunities:

Less competition at present.

Not very huge Investment.

No Replacement to Traditional food.

Risks:

Without compromising on Taste.

Raw material Ripe fast.

Storage time for end product is very less.

Profit Margins are not huge.

Entrepreneurial Qualities:

An Entrepreneur should have enough experience in dealing with Fruits and Vegetables. Before Initiating into business, one should be ready with proper business plan.

Do’s:

Recipes should be prepared as per Nutritionist guidance.

Always sell fresh food.

Don’ts:

No bulk purchase of Raw materials.

No Compramise on Taste.

Conclusion:

Nutritional food truck business is for people who has ability to handle Procurement (Buying Fruits and Vegetables), Products (Tasty Dishes) and Sales (Selling Products) simultaneously.

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• Approx Investment
  INR 250000 - 350000
• Approx Returns (Monthly)
  25000 - 50000
• Approx Breakeven
  Months 8 - 14

Resources Required