6 Start-Up Small Business Ideas for 2019
Over 7,200 firms have been registered in India, according to NASSCOM, demonstrating the country’s vibrant entrepreneurial culture. No longer are people content to do nothing but labour for others. They envision themselves as business owners and bosses. On the other hand, 90% of Indian companies fail within the first five years, according to reality. Perhaps starting small is the lesson to be learned from this. There are many get-rich-quick schemes out there, but there aren’t many reliable small business ideas, according to a fast internet search.
Someone may be hesitant to start a small business due to their concern about losing their hard-earned money and fear of the unknown. Below are some small business ideas for novices in 2019 to assist you separate good ideas from terrible ones:
To Try In 2019, These 6 Brilliant Small Business Ideas
This fad is a highly sought-after career. You may always establish your own business or start off by providing consulting services in digital marketing. However, you must have a firm grasp of the principles of marketing and advertising in order to begin working in digital marketing. If you don’t know enough about these subjects, think about signing up for any of the online classes that are offered for free. Even better would be to seek a few internships before diving headfirst into the world of business and founding your own company.
Local Bakery Franchise
Nothing makes people happier than the aroma of freshly made bread and prepared coffee. Although it is a somewhat challenging ability to perfect, once you do, it will be simple to recover your investment. To get started, you may even offer baked cookies or cakes. However, you may wish to think about a different option if your notion of cooking can boil water.
Numerous food franchise possibilities and coffee franchises in India range in price from a few thousand rupees to several crores. A franchise is appropriate for new entrepreneurs who want to get started in company without having to determine their business plan or determine how to turn a profit. You can easily understand everything since it is all organised, and you manage the firm using best practises.
Additionally, if you run a conventional business, you might have to worry about missing clients and spreading the news. With a franchise, this is not the case. Since the franchise is already developed, you will have a clientele right away. There are various possibilities for people who wish to start a bakery and sweets business, including the franchise opportunities with Honey & Dough, Mr. Crust Bakers, Giani’s, and Twisting Scoops.
Online Customer Service
And although we live in a digital age, a large number of baby boomers still struggle to adapt and use online bill payment services. A laptop and an internet connection are all you need to start a profitable business. You might offer to make reservations for them for events, travel, lodging, or even regular expenses like utility bills in exchange for a modest commission. You may start making money right away because this company requires a relatively little initial investment. This is a particularly wise choice for cities in Tier II and Tier III.
Private Tuition Center
Do you enjoy instructing others? You may give becoming a private tutor a go. The private education market in India is expected to reach $25 billion in value by 2020, with a 35% annual growth rate. You will never go out of business as long as there are kids and schools. You might also seek for positions that allow you to travel to children’s homes and teach.
If you don’t feel that teaching is your calling, you may always employ instructors and operate on a commission basis by setting up the necessary infrastructure. Home-based tutoring facilities involve less financial outlay. Finding your very first students would be beneficial, and you could leave the rest of the advertising to word-of-mouth.
Teach a Class or Host an Experience
You may advertise yourself as a host or teacher on several well-known lifestyle websites, which can help you earn a sizable sum of money without making a significant financial commitment. A historical walking tour of the city, a cuisine tour of each of the famous food stands, or even a visit to a microbrewery are all options. You can volunteer to teach other things as well if you are skilled in them, such as yoga, martial arts, or cooking. This is a very flexible option for you to make money and learn how and where to launch a business because you get to choose the day and time.
Rent Out your Couch
You may always rent out your sofa to college students travelling through the city or folks who are new to the area and need a place to stay rather than renting out your house or room. Again, you don’t have to put any money up front, thus, with the exception of a few operating expenses, almost all you earn here is a profit. Then you may take it a step further and rent out a space or the entire building. Both concepts are simple to execute and only require a smartphone to run.
There you have it, then! These six straightforward small company concepts are ideal for newcomers who want to succeed. There are a tonne of additional small company ideas that may be put into practise in 2019, but be cautious of the investment costs and hazards. These tiny company concepts are a great method to learn knowledge and make a sizeable sum of money with few risks.
However, opening a franchise is one of the safest methods to learn the ropes of the trade with little risk. If food isn’t your thing, the automotive, healthcare, retail, and beauty & wellness industries all offer a tonne of franchise business prospects. A franchise purchase may be the finest move you ever make if you have a strong vision for it. Contact us by filling out the Investor Enquiry form to learn more about how to choose the finest franchise in India.