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.

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• Approx Investment
  INR 20000 - 30000
• Approx Returns (Monthly)
  30000 - 45000
• Approx Breakeven
  Months 1 - 2

Resources Required

Product/service description

The coffee shop will sell hot freshly brewed coffee along with some homemade desserts, cakes and snacks which people can sit and enjoy or have on the go.

Market Scope /Potential

Coffee is one of the favourite beverages in India. Coffee lovers can drink it at any time of the day. This shop will provide coffee lovers with authentic freshly brewed coffee along with some homemade desserts, cakes and snacks. This food combination is perfect for an evening time with friends or even on a busy morning when one has rush to work.

Opportunities

Coffee and homemade snacks are a good combination for people who want to eat light or are in a hurry

A well-planned coffee shop business yields good profit.

You have the freedom of using your creativity in your shop and food.

Homemade snacks and desserts are healthier and tastier options.

Risks

Huge capital is required.

The food and beverage provided should always be fresh.

Extra food cannot be stored for a long time.

It is a time-consuming business.

A team of hardworking and sincere people is required to make the business a success.

Entrepreneurial qualities

A person venturing into the coffee shop business must be able to invest a lot of money initially. He/she should also have the creativity to keep innovating the business as per the need. A proper business plan with respect to advertising and marketing is essential to gain profit.

Conclusion

This business is for people who have the passion to be their own boss, are ready to plunge into the market with a huge capital and emerge a winner with their creativity and hard work.

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• Approx Investment
  INR 1000000 - 1500000
• Approx Returns (Yearly)
  700000 - 1000000
• Approx Breakeven
  Years 3 - 4

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