Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
small business 2017-06-28

Small Scale Business Ideas

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

To develop an industry or any business be it small, micro, medium or large, it is equal to growing a tree, which one needs to plant and take care of in the initial years, once the root firms itself, the tree takes care of its own self, bears fruits all its life and one can enjoy sitting in the lawn eating those fruits.

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 is the list of ten small business ideas, which will require only one time investments and you can enjoy the fruit all lifelong.

1. Gym or fitness centre:

Gym and Fitness center is one of the most promising industries with lot of potential to grow. The fitness industry is expected to grow from INR 85.4 billion currently to INR 142.47 billion by 2020 at a CAGR of 18.60%.

2. Customised Gifts’ shop:

This business of handmade gifts, customized accessories or toys, cushions, cups, key chains, flowering pots or vase and home decors is unique and trendy. One has to follow trends and pick the pulse of the market.

3. Tuition classes:

The easiest ways to earn money, without spending much is tuition classes. If you are the only one running tuition classes in the locality, then there are chances that your students will encourage others to come to you.

4. Real estate business / broker:

All one needs is contacts and good communications skills to convince both sides of the deal and rest everything will be taken care of on its own. Being the mediator can do wonders.

5. Advertising agency:

This business needs highly skilled and creative persons as its wheels, to run it smoothly. Once it picks up speed, there is no looking back.

6. Online blogging or freelancing:

There is high need for freelancers and online bloggers in almost all the industries or renowned brands. Weave your words and spread across the world.

7. Leasing out house or furniture or vehicles:

In big cities people flow in and out almost every day, thus it becomes helpful for them if they can rent things such as apartment, furniture, vehicles instead of buying and carrying them all around.

This business will make you earn profit multiple times than your expenditure.

8. Adventure tourism:

This business is not seasonal, people go for vacations almost every month and tourists from other cities and countries flood in day in-day out. This is one of the promising small businesses available. Opportunists never wait too long for opportunities to knock at their doors, they jump the line and carve their own ways.

Comment
Related opportunities
  • Laundry & Dry Cleaning
    Be a part of the booming on-demand laundry service industry..
    Locations looking for expansion Karnataka
    Establishment year 2012
    Franchising Launch Date 2015
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Urban District Karnataka
  • Others Vocational Training
    About:Hobby Workspace has a reputation for being the most renowned..
    Locations looking for expansion Maharashtra
    Establishment year 2010
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 400 - Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Ice creams & Yogurt Parlors
    NITRO ICE CREAM-Delicious Ice Cream Made Live within 60 seconds...
    Locations looking for expansion New Delhi
    Establishment year 2014
    Franchising Launch Date 2014
    Investment size Rs. 10lac - 20lac
    Space required 100 - 300 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Kids & Children clothing
    About:1st Step as the name suggests is all about making..
    Locations looking for expansion Tamil Nadu
    Establishment year 2002
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 1000 - Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Chennai Tamil Nadu
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories