What business should I start with 50 lakhs? This is an Ultimate guide to help you start your business.
What Business Can I Start With 50 Lakh: One of the biggest challenges that new entrepreneurs face is deciding what to do with their money when they have it. Many people think about starting their own business, but don’t know what kind of business to start.
What Business Can I Start With 50 Lakh?
If you have 50 lakh rupees to invest in your business, here are 10 ideas for you to consider in order to get the highest return on investment and make your investment as productive as possible!
1) Spa
Opening a spa is a great way to get into business for yourself if you like working with people. It’s also very popular in places where there are high numbers of tourists, like Bali or Thailand. People will pay good money to experience a new culture and to pamper themselves during their holiday.
This could be your ticket to earning income while traveling or running a small but successful side business from home. If you have your own place, it’s even better – it’ll be easy for you to get clients when they return every year for their holiday.
2) Coffee Shop
Starting a coffee shop business is one of the best businesses to start in India. When you walk into a café, what do you see? A bunch of people sitting around sipping on their favorite beverage, which just happens to be your product—the coffee! The trick is to make sure that your café has a great ambiance, comfortable seating arrangements, and an open-concept space.
On top of that, you also have to make sure your products are unique, trendy, and taste great. Don’t forget about service; customers should have no complaints about how they’re treated. Once everything falls into place, you could end up making more than 1 lakh per month!
3) Restaurant
When opening a restaurant, you need to carefully consider all factors that may determine whether or not your business will be successful. What makes a great restaurant? It’s certainly not just having delicious food. There are many other elements that come into play: marketing, location, cost of goods sold, staffing and labor costs, energy use/greenhouse gas emissions, budgeting, and more. Here’s an outline of what it takes to open a new restaurant in India.
The first step is choosing a location for your restaurant. In some cities, there is already competition from established restaurants and franchises—in these cases, try looking for areas where there is less saturation. Of course, you want to be sure there is sufficient demand for your particular type of cuisine; but if customers won’t drive out of their way for the great food they can get somewhere else, why should they make special trips to patronize your place?
4) Supermarket
If you already have a supermarket, or if you get good deals from one particular store, then why not open up your own personal supermarket? People who want to save money on groceries can always come to you for better rates. The advantage of a supermarket is that it attracts all sorts of people, which increases business and also makes it easier to make profits. You don’t even need much capital to start off a supermarket!
5) Call center and IT firm
Headquartered in Mumbai, GlobalLogic caters to customers across diverse industries including financial services, technology, telecommunications, and media & entertainment. The company has also expanded into other global markets such as Australia, Japan, and Singapore. In addition to calling center services (including sales and technical support), GlobalLogic provides IT solutions including application development and maintenance, data management services, remote infrastructure management as well as managed hosting.
Because of its impressive growth trajectory (GlobalLogic will top $1 billion in revenue in 2016), it’s no surprise that Gartner names it a leader in its Magic Quadrant for Managed Application Services. It is worth noting that not all businesses require 50 lakh rupees; some may need less or more depending on your needs. Also, one must consider their risk appetite before starting any business because one can lose everything they have if they do not know what they are doing.
For example, if you have been unemployed for 2 years and don’t have a source of income then you may want to start off small by taking an entrepreneurship class or getting an internship at another business so you can learn about how businesses work before starting your own business. This way you won’t be out on your own completely with no money coming in while learning how to run a business at the same time! And make sure you take care of yourself by getting health insurance before taking any risks!
6) Car rental service
A business model in which independent contractors rent out their cars to other individuals. If you are a car owner, then you can turn your car into a money-making machine. Car rental services are present all over the world. In some places like the US, it is very much common in cities like San Francisco and New York. Let’s find out more about the rental car service business model in India and how to start one in India. To start a car rental service business in India, you need to get permission from local authorities.
To obtain permission, you need to submit documents like the registration certificate of the vehicle, proof of insurance, and a police verification report. Once permission is granted by local authorities, the next step is finding customers for your new business venture. There are many ways through which customers can be found for your new business: advertising on social media platforms such as Facebook or Google Adwords; word-of-mouth referrals; cold calling etc.
7) Club/golf course/health club
Starting a health club is one of those things that can make you really, really rich but you need money to invest in fancy equipment and even more money to hire trainers. This also means you will have to be a trainer yourself and spend a lot of time at work. A lot of people would love to become trainers but they don’t know-how. Starting up your own personal training business could be lucrative if done right, especially if you are hired by an existing gym or health club.
Most gyms pay between $20-30 per hour for personal trainers who may give around 3 hours of training in one day (12 sessions). If you can find enough clients and keep them coming back it could be a great income source. Some gyms might even offer you a commission on membership sales which could mean big bucks. But remember: no matter what type of club/golf course/health club you want to start, it’s going to make some money and probably some marketing savvy as well.
8) Consultancy service provider
There are a number of consulting companies in various industries that are now expanding to non-profit organizations, government, and education. These can be an excellent place to develop your skills and demonstrate experience while working on unique challenges. At these firms, you may find yourself leading projects and managing client accounts.
Or developing new business opportunities; all valuable experiences that you can bring back to your future company. Plus, you’ll gain access to some of their contacts and other resources as well. Keep in mind that most of these jobs require at least a few years of previous industry experience so they’re best for those who already have some under their belt or have been learning on the job.
9) Sports Academy
Have you always dreamed of owning your own sports team? Well, now you can—sort of. If you have 50 lakh to invest in a new business, starting an academy for aspiring young athletes is one option. While running a sports-based business is not as lucrative as it used to be (in large part due to greater competition from other academies).
There are still a lot of people out there who want their children and wards to get coaching for professional sports leagues such as cricket and football. Getting started requires registering your academy with your state sports council and then getting accreditation from that body. Then advertise your academy by roping in star cricketers and footballers, among others, to coach at your facility.
10) Educational institute
If you have just invested in your own business, and all you want to do is spend money on making sure it gets popular, setting up an educational institute is a great idea. Such institutes are better known as tuition classes. These classes will help thousands of students improve their skills and knowledge at a reasonable cost and can also benefit some financially. Besides, establishing such classes might prove to be quite profitable for you.
So, if you don’t know what business to start out with 50 lakhs, try establishing such tuition classes or institutes. More details can be found at www.:www./snaptutorial/in/. The problem of e-waste management has become very serious nowadays because of our rapidly growing demand for computers, laptops, mobiles, etc. This waste has to be disposed of properly otherwise it may lead to pollution problems in the future.
Therefore we should not throw away our old gadgets without thinking about how they should be disposed of properly. We need reliable e-waste disposal services from authentic companies like Prohandicare which provides these services at affordable prices along with providing assured safety measures so that environment is not polluted.
Also Read: Which Business is Best For Earning Money?
Conclusion
Considering the cost of starting a business, one should identify business ideas that don’t require huge investments in money. It is important to check out all investment opportunities to see if any of them suit your budget and at last make informed decisions. Having less capital doesn’t mean you can’t become an entrepreneur and generate a steady income for yourself.
Investing in e-commerce businesses can be a good option for those who don’t have a lot of money to invest in other sectors like real estate or industries. Many e-commerce companies may also allow more flexibility when it comes to working from home so that helps as well.
