You can get unlimited income from business, but which good business to do on a low budget? In a business, you not only earn money but also help others to earn money. You get social status. Many times people have a desire to do business but due to lack of money many people have to forget their dream. Many people do not know which business they can do in one lakh rupees? And how can they take it to great heights in future.
1. Tailoring
If you are thinking about which business can be done in one lakh rupees, then you can do a good business of tailoring in a low budget. Today where we all use readymade clothes, tailoring may not seem like a profitable business to you. But if you put a little mind, you can get many options in this field. You can take some orders from boutiques and earn good money. Not only clothes but handmade purses, pillow covers, embroidered table covers and much more can be made.
2. Tuition
Tuition classes are always a good business option in a low budget whether it is online or offline. Not every child is able to go to school but you can teach them. Tuition classes are in high demand for competitive exams. If you are trying to find out which business can be done in one lakh rupees, then you can consider the option of tuition.
3. Home Industry
By making things like papad, pickle, jam, masala powder, dry snacks, you can do a good business in a low budget. This is especially beneficial for those people who are short of time. If you have cooking skills, then by doing such small businesses, you can earn a good amount at a low cost.
4. General and Grocery Store
If you are thinking about which business can be done in one lakh rupees, then you can open a store near any residential area for about 1 lakh rupees and your business will flourish well. Basic things like pulses, rice, tea leaves, sugar, chocolate, gum etc. are needed daily. Also provide home delivery services for better customer satisfaction.
5. Ladies/Gents Garment Shop
A garment shop is also a good business option under 1 lakh. Keep some famous brands and some local brands so that you can attract many customers. You can sell handkerchiefs, socks, hats, scarves, some clothes and other essentials. This is a good option to do good business in a low budget.
6. Florist
Flowers for floral decoration and gifts can be a good business option in a low budget. The investment is low but the profit will be almost double. Buying them in bulk and then selling expensive bouquets is a very lucrative business. You can also prepare torans for the entrance of the house and shop and garlands for the idols of God. This is a tension free business.
7. Puja Saamagri
As the festivals approach, the requirements of puja and havan samagri increase. It is also a daily need of many people. This low budget good business has more profit during festivals. You can supply a large quantity of material to temples. You should also include some genuine Ayurvedic products along with all kinds of things related to worship.
8. Beauty Parlour
If you are thinking about which business can be done in one lakh rupees, then you can start a good business of beauty parlour in a low budget. Makeup, hairstyling are the most trending businesses. With an investment of 1 lakh, you can start a parlour or salon and then expand it according to the needs. You can start it from home. By providing good quality products and excellent customer service, your business will grow a lot. The offer of home visits will save people’s time and will become a plus point for your business.
India is now becoming a country of startups, where you can do good business in low budget. The government is providing very good opportunities for small and medium enterprises. Loans are available at low rates. Nowadays you can start a good business with minimum investment, minimum budget.
To do business, you need good planning and management. Here we will know which business can be done in one lakh rupees.
Keep these things in mind before starting a business.
Adaptability
Adopting change is what keeps you in the market. Accept the constant changes happening in the market and be aware of the changing tastes and demands of customers.
Ready to take chances
Starting a business is easy but running a successful business depends on taking risks. You should have faith in your history and also have the right planning to take them forward.
Continuity
You cannot think of giving up in difficult times. Stay firm in your work, with hard work you will definitely get good results.
Leadership
Instead of giving orders to your workers as a boss, give advice to your employees, your right guidance can help them become better.
Business location
Your business also depends on its location, that is why the business should always be within the reach of the target market.
Transportation
Delivery related businesses should keep the area around them clean according to the movement of vehicles and choose a place with less traffic.
Business plan
The plan for a good business in a low budget should be very simple. For a good business, you need to think 5 years ahead from today.
Risk management
You will have to think about risk management to decide which business you can do in one lakh rupees. You need to be prepared in advance for things like insurance, security, lack of employees, low investment.
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I hope this blog post will help you find the best business ideas at minimum cost.