Here is the list of the best 1 lakh investment business ideas. If you want to start your own business then check these ideas.
Best 1 Lakh Investment Business Ideas: Small business ownership is an exciting journey and one that can pay off big, too. With the right skills and knowledge, there’s no limit to what you can achieve with your own company.
Best 1 Lakh Investment Business Ideas
However, before you jump in with both feet, it’s important to do your research so you aren’t left wondering why your new venture isn’t performing as expected. You should have a solid idea of what type of business you want to open, what kind of return on investment you can expect, and how to get started. For most people, starting a business with lakhs of rupees is beyond even their wildest dreams.
But as you’ll learn in Lesson 2, there are many different ways to finance your new venture. Depending on your financial situation and preferences, some methods may be better than others; likewise, some situations lend themselves more readily to certain methods. However, regardless of which way you choose to go about raising capital for your business idea, it’s crucial that you thoroughly understand what kind of investment you need to seek out – not just from a monetary perspective but also from an emotional one.
Your decision should ultimately come down to two things: how much money do I need? And how much risk am I willing to take? Once you have those answers, then it will be easier for you to figure out which financing option(s) best suits your needs. After all, when it comes time to make an important decision like whether or not you should start a business by yourself or find someone else who shares your vision and wants to help make it happen, then those decisions can often come down simply (or at least simply enough) decided based on money alone.
Idea No.1: Tea Stall
Tea Stall is one of the most popular Businesses to set up in India. There are numerous ways you can start your own Tea Stall, but these are some of your best options. You can either be creative or outsource and use innovative techniques to stand out from your competitors. Tea stalls are generally successful because of their low-cost requirements, high visibility, and ease of expansion if you want to invest more money later on.
They usually run with very little overhead and serve a customer base that’s constantly coming and going throughout the day. It’s a great way to gain experience in a low-risk environment before moving on to something bigger and more complicated! If you don’t mind starting out at a smaller location, then opening up an internet kiosk is another great option. Many people who work online need a place to get work done without having to go into an office every day.
An internet kiosk is essentially just a small space where people can come in and plug into wifi so they can get work done while still getting some fresh air outside of their home or apartment. This works well for cafes, libraries, bookstores, etc. All you have to do is rent out space inside of one of these places and provide them with wifi access—you may even be able to share resources like printers and scanners! The good thing about running an internet kiosk is that it’s basically passive income—people will keep coming back as long as they need it!
Dhaba
A Dhaba is like a restaurant and a roadside snack stall rolled into one. It offers fresh, wholesome food to people traveling long distances on roads. The food at dhabas is prepared in large vats and served to customers sitting around them. The spread usually includes a mix of Indian and Chinese dishes along with several varieties of paranthas. Once popular among truck drivers, dhabas are now patronized by long-distance travelers and families as well.
With demand for good food along highways on an increase, there has been growth in restaurant chains that specialize in highway restaurants or ‘dhabas’. These restaurants allow people to enjoy good food without having to invest heavily. While you may have to pay anywhere between Rs 10 lakh and Rs 20 lakh to set up a dhaba, you can start your own highway restaurant chain for less than Rs 5 lakh. All you need is a small space (around 200 sq ft) near national highways, where you can serve simple but delicious food.
You will also need some money for furniture and kitchen equipment but if you already have these things then it will cost even less. You can get started by borrowing money from friends or family members who believe in your business idea; once the business picks up they will be happy to give more loans too!
Idea No.3: Car Wash
If you have a large car, having it washed weekly can cost quite a bit. Instead of spending Rs.50-75 on one wash at a local car wash, save money by setting up your own business and washing cars yourself. To save money on equipment (and to build clientele), team up with other car owners in your apartment or building and offer them a membership to your service—for as little as Rs.100 per month, you can get five free washes! If you want to save even more, start by washing cars out of your garage or driveway; once the business is booming and demand exceeds supply, look into leasing space that’s closer to where people live and work.
You could also apply to participate in community events like parades or neighborhood festivals. You’ll not only make some extra cash but will also build brand awareness and reputation through these activities. For added exposure, create flyers offering your services, hang them around town and leave them under windshield wipers of parked cars (after all, word-of-mouth is still one of the best ways to advertise).
Another idea: In addition to doing full-service washes (washing inside and outside), set up a booth at an event that offers express detailing services instead—people will pay for convenience! If you have any ideas about new projects related content then feel free to share here.
Idea No.4: Plastic Recycling
Starting your own pet-care business is a great investment if you have some experience working with animals. You can start a dog walking and feeding service, dog grooming service, pet taxi service (dogs only), cat boarding/daycare, etc. Just make sure you figure out all of your costs first (like insurance) and price accordingly. Running your own business means you get to keep 100% of that profit!
If you’re not comfortable with pets (or don’t want to do it full time), consider a different location-based service like house cleaning, yard work, handyman services, etc. Again—you need to know what equipment you’ll need and how much it will cost before setting prices. And don’t forget about taxes: depending on where you live there may be state regulations that require certain licenses in order to operate legally. It’s best to check with your local government before launching any kind of business.
Pet Care & Cleaning Services
Many families in cities like to keep pets but often aren’t able to devote enough time and attention to them. Services that include house cleaning and pet care allow pet owners and their furry friends a more hands-off approach to living, while also creating a steady stream of revenue. Pet grooming services are popular in many areas of Asia, where pampered pooches are highly valued.
If you live near a large population or you’re located in an area known for its animal lovers, consider starting a mobile pet care business of your own—you could use it as a sideline while still working full-time at another job, or turn it into your only job when it gets up and running. Either way, don’t forget to advertise! A signboard is always a good idea if you can afford one. And since most people prefer to have someone else clean up after their pets, take advantage of social media sites such as Facebook and Twitter by using targeted ads to find new customers who need your services.
As with any other type of small business, be sure to register yourself with government authorities so you can get paid by check or cash whenever possible. You may even want to look into joining organizations like The National Association For Pets & Women (NAPAW) if there is one in your area—the networking opportunities alone will be worth your membership fee! And make sure all payments are made on time so clients don’t decide to hire you again due to previous bad experiences with unreliable workers.
Also Read: Top 10 Businesses Under 1 Lakh in Village
Conclusion
One of these ideas may be perfect for you. If you’re looking to start your own business with minimal investment, you can do a lot worse than considering one of these five ideas that anyone can get started on with as little as ₹1 lakh (US$1500). What are your thoughts on what makes a great business idea? Let us know in the comments below!
Did you like any of our ideas or have another suggestion? Let us know in the comments section below. We’d love to hear from you and answer any questions. Don’t forget to share and recommend it if you found it helpful! 5 Important Things to Consider Before Starting a Business You’re about to embark on one of the most exciting journeys you’ll ever take: creating your own business, your own brand, your own life.
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