Small businesses are independently owned organisations that require less capital and less workforce and less or no machinery. Some examples of small business are :
- Handlooms and power-loom
- Tuition Centres
- Small-scale manufacturing industries
- Agro-based industries
Small businesses surround us. They can be seen in every other street and every corner. Most of the things we buy come from small businesses. Small business is very important for a country like India where unemployment is a major issue as it provides employment opportunities by utilizing labor.
NATURE OF SMALL BUSINESS
#1. SHOESTRING BUDGET
Small businesses function on a very tight budget known as a Shoestring budget.
#2. LABOR INTENSIVE
Small businesses are labor intensive. They employ a large number of people as due to lack of machinery the managers manage their operations manually.
#3. COMMUNITY BASED
Small businesses are generally started with the motive of satisfying the needs and demands of a local area or community.
#4. INDIGENOUS TECHNOLOGY
Small businesses often use native methods of operation. It gives uniqueness to the products but this is also the reason that many small businesses are using outdated technology and lacking behind.
ADVANTAGES OF SMALL SCALE BUSINESS
Small scale business plays a very important role in the Indian economy.
- Large employment : Small scale industries are labor intensive and thus, employ a large number of people. In India, where unemployment is major issue, small businesses play a very important role.
- Less capital : Small businesses require less capital. They can be started and run by small entrepreneurs with limited capital resources.
- Contribution to industrial output : Small scale industries play a significant role in the industrial output of the country. They produce a number of consumer goods and industrial components in large quantities and satisfy the needs of the customers and hence contribute to the industrial output.
- Contribution to exports : Small scale industries contribute nearly 40 percent to the industrial exports of the country thus contributing in the growth of the economy.
50 SMALL BUSINESS IDEAS IN INDIA
#1. TIFFIN SERVICE
In the present scenario, the demand for home and workplace delivery of meals is increasing rapidly.
This business is also very easy to start as it requires very low investment and you can start right from your kitchen by preparing fresh meals and delivering them to homes and workplaces.
Blogging is now considered a serious business opportunity. You can either start from home or take a small office on rent or choose any place of your convenience. Blogging is a fun job for people for want to pursue it seriously and they can expect huge returns if proper strategy is made for the blogs.
#3. MOBILE PHONE REPAIR/ RECHAGE/ACCESSORIES
With the increasing number of Smartphone users in India, this kind of business is an emerging business. It is a blooming business in the country and you can make decent profits out of it.
#4. SHOE-WASH BUSINESS
People nowadays own trendy footwear which cannot be cleaned using regular materials. But if you should be aware of the chemicals while using them.
#5. PRIVATE TUITION
The dependence of students on teachers is increasing day by day. Thus, providing tuitions in the neighborhood or individually can provide a good income.
#6. PROPERTY MANAGEMENT
Adequate sales and marketing skills are required for this business. But you must be able to handle a lot of paperwork as you will be handling the property of the clients. It is good opportunity for earning huge income.
#7. WEDDING PLANNING BUSINESS
Weddings in India are organised on a grand scale and people generally hire others to plan the wedding to enjoy the ceremonies to the fullest. Wedding planning is therefore, a good opportunity for business. It requires creativity, contacts of vendors and management skills.
#8. BOOK STORE
It can include sale of stationeries, school books or general books. A person should posses good marketing skills for this business as there are many competitors in the market.
#9. GROCERY BUSINESS
Grocery delivery business is good opportunity and can fetch you a good sum of money. Getting groceries delivered at their doorstep is convenient for people and thus, this business will attract a lot of customers.
Investment required for babysitting/childcare is very minimal. Since the number of working couples is rising, this is a very good business opportunity.
#11. NETWORK MARKETING
Network marketing or Multi Level Marketing is also a good option for small business. You need to tie-up with some well reputed brands offering great products.
This business also requires less investment. At the environment is getting polluted with every passing day, the awareness among people has increased and many people now maintain small plants and shrubs at their homes and offices.
#13. AQUARIUMS AND FISH
It requires low investment as you only need to buy a few aquariums of various sizes and different kinds of fish that are popular as pets. Your base of operations most likely will be your home and the vehicle you use to travel to your clients. You will be able to deduct these expenses. There is a wide range of potential clients as there are many people who like having aquariums at home and work places.
#14. CUSTOM-MADE CHOCOLATE
Chocolate is something that almost everybody loves. This is something you should try if know how to make different recipes. You will start making money in no time. But you need to make sure that the quality is as the food standard and you may require a permit for this kind of job.
#15. MOBILE FOOD TRUCK
Indian street is in high demand and food lovers always want new places to try. Mobile food trucks are emerging as the new destination for all the food lovers. You just need to stock up on the food that most people are likely to eat and stay in locations that have a high amount of traffic.
#16. SEO CONSULATNT
Websites are the way towards any company. People react on how well the website has been maintained. Several blogs and websites are created everyday and usually require someone to help market the blog and improve its visibility. The basic job of an SEO consultant is to follow such procedures which make a website more attractive. The content put onto a site need to be relevant and unique in order to draw in and retain visitors. SEO consultants aim to provide clients with all the information they need to implement their Search Engine Optimisation strategies.
#17. FREELANCE WRITING BUSINESS
If you are good in writing and thinking of a business to engage in, a freelance writer is a very good option to consider. Here you can also choose a niche to write on and can decide whether to write for a magazine, newspaper or website. There is no limit to the amount of jobs you can tackle as a freelance writer.
#18. JAMS, PICKLES AND SAUCES
People nowadays are becoming increasingly conscious about their health and therefore, the demand for homemade jams and pickles has been on rise. You can make these food items in a traditional way without chemicals and supply.
#19. PET CARE
While travelling, people cannot take their pets along and therefore look for services that will take care of their pets while they are away. If you know how to handle pets, this a great business to engage in and requires low investment.
If you have the required skills for making cakes, muffins, cookies and other bakery items, you must consider it as a business. This kind of business has huge potential since customers are always looking for new and better tastes at affordable rates.
#21. ANTIQUE FUNITURE RESTORATION
People are attached to the antique stuff they own and do not want to give it away. Restoring or repairing antique furniture is one business you can try to get in if you have the required skills and sense of aesthetics.
#22. MANPOWER SUPPLY
Every business requires manpower on a daily basis. Households also require manpower for daily work. By making contacts with people who are willing to work, you can manage the requirement and also earn money.
Photography skills are required everywhere in this era of social media. You can get into any field of your choice, be it fashion, corporate or weddings. Birth photography is also emerging in the picture nowadays.
#24. PACKING SERVICES
There is a huge potential for packing services. Small and medium industries do not usually have a separate department for packing services and this is where the need for packing services comes in. To enter this business, packing material such as cartons, strapping machines and cutters and manpower.
#25. SKIN AND BEAUTY TREATMENT
With the rising level of pollution, people are becoming more and more conscious of their skin. Skin and beauty treatment services are, therefore, in demand in the present scenario. For men and women skilled in providing skin and beauty treatment, opening a business offering such services is a great investment opportunity. You can also design your own therapies for glowing skin and anti-aging.
#26. MUSHROOM HARVESTING
Mushrooms are very nutritious as food and are considered a delicacy and fetch fairly high prices in the market. Therefore, the government of various stares provides subsidies to people who harvest mushrooms. Hence, it is a great low investment business idea. What you need for such business is a green-house with controlled temperature for getting the right crop. Mushroom spores are readily available and bulk customers are also easy to find.
Handicrafts are generally made in rural areas. There is a fairly high demand for handicrafts as they are used for home and office decor and also given away as gifts.
#28. DAIRY PRODUCTS MANUFACTURING
Dairy products are always in demand in India and there are innumerable products which can be formed from milk. Ranging from ghee, butter to cream, you can keep on increasing the range of products depending upon the capital and space available.
#29. ICE CREAM MANUFACTURING
The demand for ice cream is not restricted to summers only. It is the favorite edible that breaks in almost all seasons. Ice cream manufacturing needs little space and good infrastructure to keep the products healthy and in a solid form.
#30. JAM MANUFACTURING
Jam manufacturing requires little expertise, capital and skills. But a lot of creativity can be added to change the taste as well as the look of the bottle to make it more attractive. Due to increasing cases of adulteration, organic and no preservative jams are preferred and demanded more.
#31. HONEY PROCESSING
Health cautious people prefer using organic honey. Honey processing can get you a good income if you have the right resources.
#32. RAKHI MAKING
Festivals are very close to people in India especially Raksha Bandhan. Every sister wants to get the best Rakhi and therefore, trading and manufacturing of Rakhis is also a good business option. It is a seasonal business but a profitable one.
#33. JEWELRY MAKING
Jewelry is something which never goes out of fashion. Artificial jewelry making trading is an upcoming business and is gaining popularity with increasing prices of precious metals like gold, silver and diamonds. Those who love gold and gold jewelry, this is one of the best manufacturing ideas.
#34. FURNITURE MAKING
For furniture manufacturing, you only need the relevant skills, some space and capital. You will have to make connections with interior designers around you. To get good clients, you need to put in hard work, the quality of the products should be up to the mark and sell the products at competitive prices.
#35. LEATHER BAG MANUFACTURING
Leather bags are used for a number of purposes like handbags, wallets, laptop bags, school bags, etc. Making a leather bag is simple and requires creativity for differentiating it from the product of other manufacturers. This business requires a low investment.
#36. CASHEW PROCESSING
Since India is an agricultural country, cashew nuts grow in abundance. Indian cashews are also demanded abroad. Cashew nut processing includes removing the cover and making it different by adding salt and other spices. The is a good option for business as the cashew nuts are always in demand.
#37. HOBBY CLASS
Co-curricular activities are of immense importance in a student’s life. Every parent looks for holistic development of their children and are ready to pay for it. This is a very good business opportunity. You can start hobby class for dance, music, craft based, etc. depending on the skill you possess.
#38. INTERIOR DECORATION
Interior decoration requires special skill and creativity and convincing power. Interior designing is client focused as decorators interact with people every day. To establish a name in the business, you require proper education and experience.
#39. RESUME WRITING
Resume is an important document for getting a job yet many people do not know how to write one. People often look for a professional resume writer. If you are good at writing resume you can start this business.
#40. BOOK STORE
Students and book lovers are always looking for books. This is a good opportunity to start a book store. It is an evergreen business because we never see a recession in education.
#41. TAXI SERVICES
People nowadays prefer to avail taxi service by paying premium money. This gives opportunity to new business opportunity of taxi services.
#42. CAR WASH
People like driving clean car as it looks better and communicates pride. They are ready to pay for car washing and this business is growing day by day.
#43. HOME ATTENDANT SERVICE
With the increasing number of working couples in families, attendants and maids are in demand today. People are ready to pay money for getting good attendants. You can opt to charge home attendant service on a chargeable basis. This is one of small scale business ideas with low investment.
#44. RENTING VEHICLES
Tourists, salesmen and small business owners look for hiring scooters and motorcycles while visiting a town or city. Renting two-wheeler saves time and offers ease of commuting. A small investment is required to open a scooter and motorcycle rental business. However, you will need to get proper licensing, insurance and permits before renting out these vehicles on short term basis.
#45. AIR CONDITIONER MAINTENANCE
Air conditioners are an important component of several households and offices. There is an increasing demand for small businesses which can offer excellent maintenance of these appliances. People are sometimes ready to sign annual contracts for maintenance of their air conditioners. To start this business, you just need some basic equipment to service air conditioners and skilled manpower who can perform the services.
#46. NAME PLATE
A common system worldwide is to affix a name plate outside the door of a house or apartment. The preference of people may vary when it comes to choosing a name plate. Since name plates are always in demand, this is a good business to consider. Making name plates is a low investment that anyone can start. Since the demand for name plates is round the year, you can make decent profits out of it.
#47. GARDENING SERVICES
Individuals and societies owning gardens generally are unable to maintain it and therefore look for small businesses that can perform the required task. To get into this business, you need to invest in some gardening equipment and hire manpower.
#48. PARTY SERVICES
People hold parties for various reasons. They are held round the year. You can offer various services in this business which include decoration of the venue, organising some fun games, buying and packing return gifts and so on.
As the adulteration in food is increasing day by day, people are getting concerned about what they eat and when they should eat. If you have good knowledge about food and its nutrients, you can advice people regarding their diet and also give them some health tips.
#50. YOGA INSTRUCTOR
Yoga is popular worldwide and not everybody does it in the right manner. If you are good at it, you can become a yoga instructor and earn fairly good money.
There are a large number of professionals looking to earn money with minimal investment. The small business opportunities mentioned above are some possibilities of business.