Need some help to start business

Discussion in 'Business Ideas' started by gajoltomee, May 24, 2016.

  1. gajoltomee

    gajoltomee
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    Hi. Me and my friends have a plan to start new business in Chennai. We have ready to spend 1 lakh rupee. But we have no clear idea to start which business is better. So please anyone guide me to start business with this amount and more important is that business will need to give a bright future. That all.
     
  2. fisicx

    fisicx
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    Without know what sort of business you plan to start it's not easy to offer advice or even if your starting capital is sufficient.

    If you could provide some more information that would be helpful.
     
  3. Joseph.Shivell

    Joseph.Shivell
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    When starting a business, your first question should never be "How much does it cost?". There are two reasons to start a business - fulfill a need, or solve a problem. It also has to be something you have an interest in, or are passionate about, because you are going to be involved in for quite some time. Then, and only then, should you look into how much it costs, and how to obtain the necessary funds.
     
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  4. Micheal Anderson

    Micheal Anderson
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    It's not easy task to start a new business in the market specially in this century but it does not mean you cannot do it. You can do it when you have strong idea and you should have experience on that field then it's possible you get success in the business other wise you just waste your time and money, in this century time is more expensive to money. According to your statement you have no any idea which business is suitable with you budget, it's not good way of working , you must have idea then no matter you have money or not. You should do that business in which you are expert and skill about it.
     
  5. Sonera_group

    Sonera_group
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    I think, you have one lakh rupee to start many small business but my opinion first of you make a decision which type of business you want to start depended on your interest. now a day you have skill and ability to do different from other to i am sure to you get success in every business.

    Thanks....
     
  6. Lily Brown

    Lily Brown
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    It's great that you want to start your own business. And you can even start the business with 0 rupee. But the most important thing is idea. Now you even have not known which business should you pursuit. Then it's better that you and your friend spend some time thinking carefully what you two are really good at, what are you interested in, what are your resources besides that amount of money, what are needed in your place that you can earn from offering them, blah blah. After that you will gradually find out the answer. And one more thing, starting a business is tough at first, as always, so it's important for you to be patient, visonary, hard working and creative, no matter which business you are in. Good luck! :)))
     
  7. jimmayadam

    jimmayadam
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    I am also looking to start a business but I am very much confused that what to do and how to do ...
     
  8. Lily Brown

    Lily Brown
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    Your interest and strengths are the key factors. If you have not known yet, just try st and you will figure out one day. Just do it, the best (in your point of view) in your list. Ask your mentors if u have, they know you and your place better :)
     
  9. zotowatson

    zotowatson
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    There are huge number of factor you have to analysis before start any kind of business here are the some of them :

    1. First of all take a little time to think what kind of business you want to start.

    2. Try to Make your passion as your business so that you can enjoy your business.

    3. Do a market research, Find out which business have no computation or less computation.

    4. Think the future of business, is your business will expand in future, will people need it in future..

    5. Talk to some businessman from same field you want to start your business.

    6. At the start of your business not focus on profit, try to build trust and relationship with your people.

    7. Last think don't give up.
     
  10. AshishDodhia

    AshishDodhia
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    Sometime small investment can change your business future. There are many small businesses are available in the market first, you take a decision that which kinds of business you want to start. Strong management and good communication skill always help for bright future of business.
     
  11. Dewlance

    Dewlance
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    I wrote a Android book on "37 business idea in hindi" and here I am giving some idea.

    1. If you know then you can start web hosting business.
    2. Food related business like restaurant.
    3. Computer/Product selling shop
    4. Sell your product on ebay
    5. Import and sell your own branded products.
    6. Sell high quality edible product like milk, etc but it must be 100% pure.

    I can suggest you more idea ;)
     
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  12. alastairbrian

    alastairbrian
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    Either the business you start, always you should have to take risk. So look at your expertise, and then start a business
     
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  13. lusiacrissan

    lusiacrissan
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    looking for a new opportunities. try to walk the city, the village, what is missing in the town? what is their needs? how will we provide their needs?
    that is what i thought when i first open my laundry business.
     
  14. BrightFuture

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    You have to look inward and outward. Inward is the business you have passion for, outward is the environment that is good for such business with the amount of money you have, you cannot get into a business without having passion for it.
     
  15. Jennina Alvizo

    Jennina Alvizo
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    Just because you have sufficient money to venture into a certain business doesn't mean that you should go and invest in it. There are a lot of factors you should consider so that you can be sure with the feasibility of the business.
    - Where do you plan to establish your business's store?
    - If you're not considering a physical store, how will you market your product/service? Will you be creating a business website or will you settle on a social media page?
    - Does the product/service have high demand?
    - Do you have a lot of competitors?

    These are some of the questions you should be pondering on before venturing into a new business.
     
  16. florenceclarke

    florenceclarke
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    Yes, it is important to know about the business topic first before to invest on it. Even after getting a complete analyzation of topic, it may be a 3rd or 4th step to judge or to plan about budget or investment.

    Moreover, choose a particular business in which you have profound knowledge. These all steps works for a success maximum time.
     
  17. cyber11

    cyber11
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    Hi,

    Before investing money plz make sure that you have any knowledge about that business
    because every business is different from each other, so plz make a mind set for that you are capable for that or not..

    at last best of luck for your business, and never disappoint from any up down in business, who knows what come next for you.
     
  18. George Davris

    George Davris
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    I totally agree,starting a business except that you have to invest an amount of money you have also to invest your personal time,so you have to be passionate about that.When i started my glass business i spent more time than i though in little details that i couldnt imagine before.For example the first 1 year my site didn't have any result at google search,and that happened because i didn't know about keywords,for example at the Greek language we have a keyword, tzamiakrystalla, that i didn't use,so this was crucial for my google ranking.
     
  19. YourRetailCoach

    YourRetailCoach
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    Deciding to start a business can be one of the most exhilarating decisions you make in your life. Take one step at a time, and you'll be on your way to small business ownership.

    Follow the below steps and you will be succeeded in improving your business
    1. Get inspired
    2. Do research
    3. Make a plan
    4. Plan your finance
    5. Select a business structure
    6. Register your business name
    7. Get license
    8. Decide whether the business is online or offline
    9. Promote your business and market them appropriately
     
  20. Ourbusinessladder

    Ourbusinessladder
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    15 most common business ideas:

    Among the small business ideas there are some common business ideas which have time and again proved successful. These ideas are a sure shot way to success if one proceeds carefully. Following is a list of business ideas which are common, yet gaining ground rapidly due to their appealing nature. But do be aware of various pitfalls in every business and only proceed with a business option after consulting with a business advisor.



    Food Joint:
    You can start a snack point or a restaurant or choose from various cuisines like Thai, Chinese, south/north Indian. With a good team and a meticulous plan for marketing you can start with this business very easily. You can read how to open a fast food restaurant here.



    Stationery shop:
    A nearby stationery shop is always helpful for everyone. Building a chain of reliable vendors is integral to opening a stationery shop. This kind of business provides a steady income, and becomes foolproof provided the right marketing strategies. You could tie up with a nearby school or office chain and become their sole supplier. With this kind of business, the opportunities become endless. You can also incorporate some gift items and greeting cards for attracting people. Read how to open a stationery shop here.

    Read more at http://www.ourbusinessladder.com/top-15-common-business-ideas/
     

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