business ideas Aug, 22 2017

How to Start a Business with Low Budget

Micro enterprises account for 95% of total SMBs, small & medium put together hold the remaining 5% share and 55% of SMBs are located out of urban cities whereas 45% are situated in rural areas.

By Nibedita Mohanta
Feature Writer
How to Start a Business with Low Budget

This generation has outgrown and outlived the 9 to 5 job life and has adapted the ‘follow your passion’ culture, where they no longer want to work under anybody but want to go with their instinct and become entrepreneurs, businessmen and startup owners.

A study by the market research firm Zinnov said, India, which is home to about 4.88 crore small and medium business ( SMB )s provides employment to 81.16 million individuals and is all set to become the largest SME nation globally.

Micro enterprises account for 95% of total SMBs, small & medium put together hold the remaining 5% share and 55% of SMBs are located out of urban cities whereas 45% are situated in rural areas.

Technavio has released a new market research report on the global SMB and SME NAS market, which is expected to generate revenues of $18 billion between 2016 and 2020. The report also read that global SMB and SME NAS market is set to grow at a CAGR of 33% by 2020.

Here are new Startup business ideas, which can be started with zero investment; one just needs the right technique and skills, where commitment and dedication play as the front wheel of your business vehicle:

Baby Sitter:

If you love babies or are fond of small children, then you can willingly work as a baby sitter or open a babysitting firm, where you can provide employment to many unemployed but skilled women.

Baby sitting is a profession, which does not have any market in India currently and if there is any, it only is limited to the high society people, who can afford high amount.

Thus for all those middle class people, who have two working persons in the family can hire baby sitter from your website. It has a bright future in India for anyone, who wants to start this business.

Online tutorial:

If you have any talent or if you are good at something, let the world know about your talent, open a tutorial and help those who can get benefitted by your tutorial.

Internet has shrunk the world to a tiny world, where everybody is connected to each other through internet connection and what better opportunity can be other than utilizing the power of web world.

One can teach from cooking to painting, from important subjects’ tutorials to violin, one can learn everything over internet and one can ask for teaching fees or subscription fees.

Freelancer:

There is a vast opportunity for the writing skills and technical non technical knowledge that your brain has stored in its cells.

There are companies, which pay really well to their freelancers. All you need to do is keep reading, researching and filling your knowledge bank, and the world becomes your oyster.

By spending only a few hours, you can earn more than what a regular job pays, but you have to be very sincere and a pro in topics, or else this can back-fire you.

Creating Music Videos:

The new trend of making pre wedding shoot, pre wedding videos, adding music to it and making music videos has emerged among the youth of this generation.

Thus for those who have the music sense and can create magic through their camera lense, this startup profession is for you.

Aspiring models, singers, actors too look out for the music videos creator to help them in making their portfolio.

Do not let your Startup dream die on your eye lashes, let it come true breathing through these ideas and come out with flying colors.

Related: ​Business Ideas for Creative Entrepreneurs

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