Post By Radz
Post By Serious Sam
Suggestions on starting a small business
Hey guys how r u all I wanted to ask u guys wht business I can start with 50lacks any suggestion will b great thnx
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If you don't have any business experience and you don't know which business you want to do, you will definitely waste your 50 Lakhs. No need to spend such big amount, Start with minimum amount (1 lakh) etc.
Whats your current field?
Yeah i agree with Radz. Start a business which is related to your field or close to it or even better if you've experience with that area.
i also agreed with radz... but if you really want to do your own business choose a business which you like and can spend a lot of time on its as like a gamer ... or a programming lover who try a lot if he/she failed and there is no mean of time for that.
in simple words for that business ..apna chain,sukoon,waqt, barbaad kartey huey tumhey zara bhi afsoos na ho. just loves the business
Whenever you start your business you look for RETURN ON EQUITY/INVESTMENT
1. Do extensive research and shortlist businesses where you can invest.
2. Prepare a list of those factors which may affect your business.
3. Prepare a feasibility for at least next 10 years and set the targets.
There are a lot of steps which you can do but WHAT TO DO. That depends where you are located and whats available in that location. So this decision is pretty much your own.
DEATH IS THE ONLY CURE
Step in Food/Resturant Business
or Go For Garments/ Clothings
These two are the most earned business right now
Agree with Pleasent. The MOST earning business right now. Or, a stationary+photocopier near a school, university. Not much investment, and fruitful.
You've been spending most of your life, living in a Gangsta's Paradise...
Dn;t Lv Soldrs Cz V Die YoUng
Open High 5 restaurant in most famous place and Beleive on ALLAH.
High 5 restaurant?.
OP, I dont know what you will invest into, but first of all, get a good place for your shop/showroom/etc. Good shop at a good place will cost you a fortune. DONT go with the RENT system.
Last edited by Serious Sam; 17-05-12 at 10:43 PM.
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