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Wooden Furniture making If you are skilled in handicraft, then you can surely earn huge amounts of money from this kind of business. You can create and design wooden furniture at an affordable price for the residents of your community just the way they want it to be.
A good relationship with residents of your neighborhood is a recipe for success in this business. Home Decorations Creativity really pays off and pays well. People good business plans in india decorating their homes with vases, chimes, figurines, and other things that can beautify houses.
You do not need to buy expensive products like these, but you can improvise and design your own and sell them at low prices. Paintings If you are gifted with an artistic talent, then let it shine by creating paintings for the people in your community.
Not only will you be able to express your artistic side, but you would also get paid for it. These are the top 10 small scale business ideas in India that you ought to try.
Please bear in mind that these top 10 small scale business ideas in India is a product of an in-depth research we conducted; so they are almost guaranteed to give you steady sources of income and make you earn reasonable amounts of profit.
How to Start a Business in India Successfully i. Choose an Industry If you want to start your business in India, the first thing that is expected of you to do is to choose an industry where you would want to build a business in.
There are several highly thriving industries in India and it is expected that you decide on the industry to build your business based on your area of strength. For example, the I. Conduct Your Feasibility Studies -: Once you are able to make up your mind on the industry to build your business, the next step that you are expected to take is to conduct feasibility studies.
India is a unique country when it comes to setting up businesses; a business that can thrive in one region will likely fail big time in another region. So, you are expected to conduct your own feasibility studies in the region you intend starting your own business.
Write Your Business Plan -: Irrespective of what part of the world you intend starting your business, the norm is that you are expected to write a workable business plan before launching the business. Consequently, if you are starting a business in India, you are also required to write a business plan.
The truth is that without a good business plan in place, you are likely going to struggle to build a business from the scratch in India. The competition amongst entrepreneur is much in India; every business owner would want to outsmart their competitors.
That is the reason why you need to draft a workable business plan that has unique business strategies.
Register Your Business As it is required in most countries of the world, you cannot legally operate a business in India without registering the business with the government.
If you run a business that is not registered, there is a limit to the height the business can grow to. The ministry of corporate affairs is in charge of registering business in India, so you are expected to visit their office to make enquiry of the requirements needed if you want to register a new business in India.
Basically there are four categories of company registration in India you will be required to choose from any of them when you want to register a new business in India. The various application forms are available for free download in the official website of the Ministry of Corporate Affairs, India.
Join Professional Networks One of the means you would need to survive as startup in India is to join professional networks. Any business built in isolation will struggle to survive in India that is the reason why people look for professional organizations and enroll as a member.
The benefits you stand to gain when you join a professional network in your industry are unlimited.
Thus, ensure that you look for relevant professional organizations to join once you start your business in India. Create a Professional Website for Your Business -: The average Indians are internet savvy, so if you intend starting a business in India, you must ensure that you open a professional website for the business.
When you have a professional website for your business, it makes it easier for people searching online for businesses to locate your businesses. It is also important to create a platform where people can purchase your goods online.Editor's note: Business Insider had the chance to speak with four Tesla employees from different parts of the company to learn more about their work.
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You can make a good business only after doing a remarkable work in any field. Do not pick my ideas to add more noise on the Internet. Special Note: Many people underestimate themselves and are afraid of taking the first step.
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