A passion or a hobby can be turned into a high growth business venture, provided you have the right business acumen and funding
If you are game for entrepreneurship, a passion or a hobby can be turned into a high growth business venture, provided you have the right business acumen and funding. However finance is one great deterrent for many aspiring entrepreneurs. Nevertheless not all businesses require startup investment in multiples of lakhs or crores. Low investment business models allow you to start your dream venture with a seed capital under Rs. 1 lakh.
One can begin with minimum infrastructure, even from home. Bootstrapping your entrepreneurial stint can be highly rewarding as your seed capital can come from your own savings or borrowing from friends and relatives. This saves you the arduous task of getting a loan from banks or other financial institutions.
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Business Model
Tank cleaning business is about providing safe and scientific solution for cleaning and disinfecting storage water tanks. The process involves professional cleaning of tanks using appropriate equipment and anti-bacterial agents. As Sunil Uplap, founder TanClean says, way back in 1995 when I started TanClean, tank cleaning was an unorganized process done manually. I started the business with a strong realization that these services can be professionalized using modern procedure and equipments.
Tank Cleaning can be set up in four verticals: residential, commercial, industrial or government set ups. A start up can start with one or all verticals.
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Seed Capital
As Sunil Uplap says, one can start with an initial capital of 1.5 lakh. This is majorly invested on a computer, telephone and equipments. This is apart from the hiring cost of 3 -4 operators.
Breaking Even
The demand for tank cleaning services is concentrated in the urban areas. So profitability depends upon the area of operation. However it may take about 6 months to break even.
Business Model
The internet advertising market stands at a whopping Rs.600 crore and this is about 3 to 4% of the total advertising market. The business is about bringing together those with advertising space on the web and those who need it. As Kiran Gopinath of Ozone Media says, ‘We aggregate media inventory by partnering with online publishers and serve ads from advertisers targeting them to the audiences they are meant to reach. The whole process requires a technology called ad server.’ Venturing into this business, you need to have a strong understanding of online advertising, the internet and networking.
Startup Capital
This venture can be started with an initial investment of 3 lakh which includes the cost of office space, a computer and internet connection and also the salaries of people you employ.
Breaking Even
12 months
Business Model
Meal delivery service can be a viable business model for those who want gains without taking much pain. You have to tie up with local restaurants and hotels which do not have a delivery cell. You take orders from your customers and the order is forwarded to their preferred restaurant. Delivery boys collect the parcels from the restaurants and deliver them to the customer. This business model allows you to earn delivery charges from your customer in addition to the commission you charge from the restaurant. Pani Kumar Reddy of Dial a Meal says, one can earn a 10-15% commission from the restaurant.
Seed Capital
In the meal delivery business you need to invest on office space (you can also start from home), telephone connections, mobile phones and vehicles for delivery boys, brochures, leaflets etc. Salaries of your office boys will also count in your expenses. As Reddy says, ‘I started with an initial investment of Rs.1, 75000 and hired 22 boys. Today my net profit is about 98,000 per month.’
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Breaking Even:
4 to 5 months
Business Model
If you have the wherewithal, passion and knowledge to offer personalized guidance for soft adventure trips, like rafting, trekking, angling (sport fishing), wildlife safari, birding, camping etc, this may be the entrepreneurial option for you. The crux of the business is developing itineraries for trips to exciting destination.
Says Sandeep Chakraborty of Outrigor, ‘This is a highly specialized and sophisticated service which is different from that of a tour operator’. Quite often I accompany my clients on their trips to help them make the most of the trip.’ One can also book hotels or resorts for clients depending on the preferences of clients. So you charge a fee from your clients and also a commission from the respective hotels or restaurants.
Startup Capital
One can start working from home initially with a computer with internet connection and phone. Besides one needs at least one vehicle to ferry clients. You will also need to keep a stock of equipments like binoculars, camping chairs, fishing equipment and tents. Besides as Sandeep informs, ‘Having a website is a must because it is the primary tool of marketing.’
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Break even
1- 2years.
Business Model
Way back in 2005 when Arvind Pandey started Concierge4India, concierge services were only being provided by start hotels to their clients. ‘I had a strong inkling that the idea can work well with employees of MNCs as well,’ says Arvind. Today his persistence with the idea has paid off. The business model is quite simple. One has to tie up with HR departments of MNCs and set up a Concierge Services Centre on the campus. The company provides the infrastructure and also pays the salaries of the personnel you hire. Concierge service cover a gamut of services as under:
Start up Capital
One can start working from home with a personal computer and a phone connection.
Breaking Even
Breaking even may take you from 6-7 months to a year. A lot depends on your networking skills.
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