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Tracing the business history of our country, it has been noted that the market is ripe for the ambitious entrepreneur to dominate it today.Some individuals may have the business acumen to influence the market but have not yet managed to narrow down on a single idea to begin with.If your rent is within Rs 5000 a month, you can dedicate the rest of your budget on buying groceries and other raw materials as well as second-hand tables and chairs.
You also need to form ties with the network providers of the area, such as Airtel, Vodafone, Idea etc., and pen down their commission rates, where they will receive a cut of your profits from the sale of the commodities taken from them.
Assuming that you aren’t looking to rent out a shop-space in any expensive real-estate property, your overall costs will definitely feature below the Rs. You must have noticed how those little breakfast and tea stores across your city are almost always filled with customers.
While the rates differ according to the host agencies, your main initial costs that will fall within Rs 10,000.
Even with online recharge, in India most mobile-users prefer visiting a recharge shop to fill their balance.
Image : shutterstock The reason to stress on these remarkable entrepreneurial stories is because they provide an important lesson for all those wishing to embark on a similar journey – that a single great idea is the most important step to creating a game-changing business.
And sometimes, if you plan it well, these ideas can build you a company at the lowest initial-costs while getting you the highest possible returns.Today, the world’s most successful entrepreneurs like Bill Gates, may hold the possibility of building pyramids out of notes, but none of them started at the top of the ladder.Facebook was created out of a Harvard dorm room at minimal cost and Microsoft was formed two years after Gates decided to drop out of college.This is because food as a commodity will always do well in a competitive market.To open up your own breakfast joint, you need to invest money in renting a space for it, after having received a permit for it from the respective authorities.But as Walt Disney said, “If you can dream it, you can do it.” On that positive note, here are a few business ideas that we believe can be launched within an initial cost of Rs 10,000: The travel industry in India has witnessed a boom in the past decade.Keeping to people’s changing habits and their desire for the ultimate ‘wanderlust’, the time is ripe for aspiring entrepreneurs to put their money where the map is.Most tuition-teachers take classes in their own homes, thus eliminating any expenditure on rent and supplies.The only effort you need to put in as a tuition teacher is to take to advertise yourself on social media or go the old school way with flyers and ‘word-of-mouth’ recommendations.Following this, you will need to pay rent for shop-space.Other than this, the only other investment you need to put your money up for is for the purchase of the raw materials, supplies like machines for making the juice, and the salaries of the employee(s) making the juice.