Have you been wanting to start a business but didn’t know what to take a dig at? Don’t have enough capital to start something?
Worry not, we have you covered.
We have put together a list of unique and cost-effective small business ideas that will get your inner entrepreneur all excited! What’s more? We also have a checklist on how to get started.
Ready? Let’s explore:
If you are of the creative kinds, you can start by indulging in your passion. You can sell your arts and crafts at an exhibition or on the web. You can do up people’s homes or just plan a friend’s wedding!
Start with selling to a small group of people and spread the word. Put your merch/services online. Here’s how you can get an eCommerce online store.
- Sell Arts, Crafts, Jewelry, Food
- Interior Designing
- Wedding Planning
- Freelance Blogging
- Resume Writing
- SEO Consulting
If you want to do something more technical – a business to business solutions – you will need some technical skills. If that’s something you’ve checked off your list, here are a few interesting ideas:
- Bookkeeping / Accounts Consultant
- Virtual assistant
- Security specialist
- Web hosting/designing
- Financial advising
- Marketing consultant
Personal Care Ideas
- Tuition classes
- Pet-care, Dog Walking services
- Laundry service
How To Get Started
As the saying goes, no two businesses are similar. Every business has a different need. However, we will try to give you a general overview of how to get started with a small business.
You will need:
Chalk out a business plan. The plan should include what your business will be about, who it will cater to and how your service will cater to a customer. Before jumping into the idea, find out if you are meeting/filling a void in the market and craft your service around the need. Get some research done and when you have a solid business plan, proceed.
The amount of capital needed for a business depends on your plan. If you are starting a creative business that does not involve physical goods, starting costs won’t be big. Online businesses are easy to start. You can also use your client’s money to kick off a consulting gig and charge a commission (that’ll be your income).
For a more physical or specialized service, you could approach a bank for a personal loan or business loan.
You could also consider investor funding or crowdfunding your business. Don’t forget to figure out how your business will generate revenue.
Business Name and Logo
Christen your business. Get a relevant name and design a logo to create brand awareness among your customers.
Pro-tip: two-syllable business names are easier to remember and are apparently more catchy. Example: Insta-mojo; Google; Coca-Cola etc.
Registration & Documents
Once your idea, structure and finances are sorted, you need to take care of the legal part of your business. Get your business name and logo registered with the local municipality. This will ensure your business assets and intellectual property is legally protected.
You will also need to get a PAN card, a TAN for paying taxes and licensing documents, etc. Set up a current account or savings account to keep track of your transactions and a steady flow of money coming in.
Ready to be a small business entrepreneur? Try digital transactions! You’ll save more!
I read this article and am grateful for sharing valuable information about small businesses in India. I really appreciate this article. It is very informative for me to enhance my business.
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Very nice blog. Thank for the useful information. It is very important to know about the details of every business that you are up to. Every business requires hardwork and certain resources that they can rely to. Also, having a business insight is very necessary. There are also legal processes involved that require proper registration and verification so that everything is smooth.
Really nice and helpful blog.
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Super Ideas! You provide the best ideas we can choose 2 ideas at the same time. Thanks a lot. Please keep share these articles.
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I prefer online home business. easy to access anywhere…
Interesting blog, good information is provided regarding business ideas. Was very useful, thanks for sharing the blog.
There are many types of questions which need to be ask by the small business owners as asking will help a lot in mandating the business as the most important question which need to be ask by the small business owner is how the technology is helping the business as it is most basic and helpful question which will improve the way of working and services and if you are establishing your new and small business then you need stay update with small business advices in Canada, which will tell you national and international policies that might affect your business.
Thank you for sharing such a wonderful article.
Thank for sharing these amazing small business ideas. It’s really hard to find exact business idea according to skills so this article is explaining so many business ideas.
Informative business idea.thank you
This is really an excellent guide to those who are looking for a business in india expecially NRI. Thanks
Thanks for sharing this blog with us.
Being a startup enterprenure its really important to underastand all ascepts to satrt your business.
Thank you so much for analysing all the ascepts.
Keep sharing such article.
Good Information… Thanks for sharing
Thanks for the useful information.
Great post you wrote. I really appreciate your wisdom and command on this business ideas topic.
I am student of i.sc.i want to start a small business of bakery…I need loan….
Thank you for sharing such a wonderful information.
Found your blog today, have recently started a new business, most of the facctual issues have been done, got some more ideas from your blog, keep on going.
I was searching for this information. Thanks for sharing this really informative post which is really helpful for me.
We need a start up loan for our newly established business of Bio fertilizer (Jaivik Khad) made at trenching ground of Municipal Corporation under Swatchh Bharat Mission.
Shall it be possible to get a Start Up Loan for this dream project to improve fertility of the Agri Land by using this Green Manure and City Compost cultured with bio culture to full fill requirement of soil of N,P, K to produce nutrient and healthy food.
This is Kumar from Bangalore. I wish to start a BIO DIESEL trading in Karnataka for which Rs: 1.5 crores approx is the project cost.
I have my Project report ready and GST etc.. Most of the banks are asking for a collateral and which is 150% of the loan amount.
How can i start the above business with least collateral or no collateral. Kindly help me.
I am planning to start a paper napkin manufacturing business based out of Bangalore, India by June 2018. Please let me know your inputs.
Also, it would be great if you could help with any business plan on this.
Thank you so much for sharing this information. I have thinking how to start as I don’t have enough capital. Now I got some idea. To start something new. Thanks again
Wonderful n helpful guide….Thanks
I recently found your page and so far I love it. Keep up the good work. You have done an excellent job with your writing.
Awesome post tq fr shared this
Oh my god! Is it true to implement all these things in an entrepreneurship? Because I had never thought about such concepts. I think most of the small business owners are not aware of these facts. That is why I love these ideas very much. It is based on simple logic i.e if as an entrepreneur one wants to make his small business big, then he should bring the most agreeable ideas( like above) into his business. Because then only his business will take it to the people who are the vital medium for bringing it to the market. Ultimately his annual revenue will increase and he will become more profitable. Moreover, he should understand that a valuable idea is always an essential step to make a comeback in the game of business. Only the way of implementation is vital which will decide whether he will grow or stop.
Wow, absolutely fantastic blog. I am very glad to have such useful fly mesh information. Thanks.
Thank you for sharing such a wonderful information. Very informative and helpful post.
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Great..thanks for sharing business ideas..
I am so happy to read about small business ideas in India. Very informative for me.
I appreciate your sharing this best article.