Business Ideas

Product/Service description

To start a small-scale leather processing factory to process the skin of different animals and supply the finished product to different leather goods manufacturing units...

Product/Service description

To start a small-scale leather processing factory to process the skin of different animals and supply the finished product to different leather goods manufacturing units. The factory will have an approximate capacity of 2,800 sq ft and can process around 140 animal skins per day.  See More

Product/Service description

To start a small-scale leather processing factory to process the skin of different animals and supply the finished product to different leather goods manufacturing units. The factory will have an approximate capacity of 2,800 sq ft and can process around 140 animal skins per day.

Market scope/potential

Leather processing is an old business in India. It is highly profitable because there is a huge demand for high-quality leather goods in the market. Apart from the domestic demand, leather goods also enjoy a demand in the international markets. From a long time, India has been exporting high-quality leather and leather goods to countries like Korea, Germany, China, and many others. However, there are places in India where the amount of animal skin produced is still not being optimally utilized. Therefore, a leather processing business can not only utilize the animal skin optimally but also do a good business and add to the country’s revenue.

Opportunities

1. Good business scope is available in our country due to a huge demand in the Indian as well as the international markets.

2.  Animal skin is available in huge quantities in our country.

3. Introduction of new technologies has helped in the improvement in the quality of the leather.

4. Favorable government policies have helped in enhancing the leather processing business.

Risks

1. The availability of land in an industrial area is a must.

2. Since a leather processing unit produces a lot of waste, an effluent treatment plant must be established along with the processing unit.

3. Permission from the Pollution Control Board is required before starting the business.

4. The process of leather tanning has health hazards.

5. Transportation facility is a must.

Entrepreneurial qualities

A person who wants to establish a leather processing unit must have a good capital. He/she must have the knowledge of all the government policies required to start this business. Good contacts can help in the procurement of umpteen raw materials. Thorough market research is required to sell the finished product at reasonable profits.

Conclusion

A leather processing unit is a profitable business idea if there is an availability of proper land, good amount of raw materials and skilled employees. Appropriate waste management is also crucial in this field.

Product/service description

The business focuses on the export of leather footwear, garments and other goods to the USA and Germany.

Market Scope/Potential

The...

Product/service description

The business focuses on the export of leather footwear, garments and other goods to the USA and Germany.

Market Scope/Potential

The export and import business is highly profitable. Since India is one of the largest producers of leather goods, it has been...

Product/service description

The business focuses on the export of leather footwear, garments and other goods to the USA and Germany.

Market Scope/Potential

The export and import business is highly profitable. Since India is one of the largest producers of leather goods, it has been exporting these items to different countries since long. For the USA, China has been the number one exporter of the leather goods from a long time, however, recently the USA has also started preferring India’s goods because of its good quality and cheap prices. Therefore, a business in this field is lucrative and can fetch good profits.

Opportunities

1. The investment required can vary depending on the size of the business.
2. The business yields good profits.
3. The introduction of e-commerce has enhanced the scope of the business.

Risks

1. The business should be registered and an IEC (Import Export Code) must be obtained.
2. Sometimes there’s a risk of loss of payment or loss of goods.
3. Good contacts need to be maintained with the manufacturers who will supply the goods for export.
4. Since the goods are being exported outside the country, the exporters need to deal with different language and culture of the country.

Entrepreneurial qualities

Any person wanting to start the export of leather goods must do a complete market research before taking the plunge. Prospective customers and demands must be mapped out carefully. Though the investment required initially is not much, one does need a good capital to expand the business. Good networking will help in obtaining the goods from the manufacturers at a reasonable price.

Conclusion

Export business is an excellent way of making good money. Once the government formalities are fulfilled, a person can start a full-fledged export business. Keeping an eye on the market can help in doing a good business.

Product/service description

This business deals in...

Product/service description

This business deals in the manufacture of various kinds on leather belts to be sold to retail shops and wholesalers. It aims at employing a few...

Product/service description

This business deals in the manufacture of various kinds on leather belts to be sold to retail shops and wholesalers. It aims at employing a few skilled and unskilled workers for this purpose.

Market scope/potential

Belt is an important fashion accessory that is worn by people of all ages. The market today is flooded with a variety of belts available in different shapes, colors and designs. Though the competition in this field is more, the huge demand ensures that this business has good prospects if proper marketing strategies are used.

Opportunities

Huge demand for leather belts.

Investment required to start the business is less.

Manufacturing unit can be started in a small space.

Raw materials are very easily and abundantly available in India.

Skilled workers are available at low cost.

Risks

Competition is more so market strategies should be in place.

Registration and license are a must.

There are many branded companies already ruling the market, so any small belt manufacturing unit must give special attention to the quality of its products and aim at building its own niche.

Entrepreneurial qualities

A person planning to enter the belt manufacturing business must have the basic knowledge and training in the manufacturing process. A proper idea of the market is required to know about the competitors and the prevailing trends. The person should also have good contacts with leather manufacturing units to obtain the finest of leathers with ease. Contacts with retailers and wholesalers will enable the immediate sale of the finished product, thus enhancing the business.

 Conclusion

This business can be started by any person who wants to earn a good profit by investing less amount of money. Though the demand is more and workers are easily available for the job, only a good market study will help to remain ahead and run a profitable business.