Profitable Small Scale Industries- Money making Business Ideas for Startup (when you don’t know what industry to start)

Coming up with a great business idea is just the beginning of your journey as an entrepreneur.

Best startup business ideas means a lot to your startup business growth. People today follow their dreams and choose their passion over money. They are always in search of best startup business ideas which can feed their passion. They don’t want to be get retired at the age of 60. They seek for happiness index instead of earning a high salary while living in big cities.

Today, millions of people desire to start their own business, leaving the traditional 9 to 5 job. Most of the people in this world have to chase two or three carriers during their work life.

One of the most gratifying things in the world is to work for yourself. Owning your own business, while it can be stressful, is meaningful because the effort you put in helps you personally, rather than building something for someone else.

The key is that you must choose something that you are passionate about. This may mean a certain business or business model, or it might mean a particular business you have had your eyes on for a long time.

Starting a business entails understanding and dealing with many issues—legal, financing, sales and marketing, intellectual property protection, liability protection, human resources, and more. But interest in entrepreneurship is at an all-time high. And there have been spectacular success stories of early stage startups growing to be multi-billion-dollar companies, such as Uber, Facebook, WhatsApp, Airbnb, and many others.

Here are few ways to identify more business opportunities:

In general sense, the term opportunity implies a good chance or a favorable situation to do something offered by circumstances. In the same vein, business opportunity means a good or favorable change available to run a specific business in a given environment at a given point of time.

·         Come up with an idea

Pick an idea that fits your passions, goals, strengths, resources, and tolerance for risk.

·         Identify new business opportunities

Spotting market opportunities is essential for business growth and survival. One of the best ways of identifying new business opportunities is to complete a SWOT (strengths, weaknesses, opportunities and threats) analysis.

·         Pick a Growing Sector/Industry

When considering a new business, it is important to look at whether or not your idea is in a growing sector or industry. For example, a lot of start-ups in the IT sector in India did very well because there was huge demand in that industry and the growth was outpacing other industries. Investing in a stagnant sector/industry may not best serve your interests, unless you identify a market inefficiency that you can exploit.

Profitable Small Scale Industries- Money making Business Ideas for Startup (when you don’t know what industry to start)-2nd Revised Edition

About the Book:

Author:               NPCS Board of Consultants & Engineers

ISBN:                   9789381039922

Book Code:         NI187

Pages:                  520

Indian Price:       975/-

US$:                     100-

Publisher:           Niir Project Consultancy Services

Micro, Small & Medium Enterprises (MSME) have been playing an important role in the overall economic development of a country like India, where millions of people are unemployed or underemployed. The economic development of any country primarily depends upon the establishment of industries. MSME sector comprises 95 per cent of the total industrial units in the country.

The hunt for funding has been the bane of an entrepreneur’s existence from times of yore. Many abandon their dream to build, create, and innovate in the face of this difficult struggle without realising that a good business idea will eventually pool in the bounty-full once it has secured a place in the market.

Your idea will bring you your company, your company will bring you the people, and the people will bring you the market. A good idea has no monetary value, just a whole lot of bursting potential. Today, the World's most successful entrepreneurs like Dhiru Bhai Ambani and Karsanbhai Patel – Man behind NIRMA 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.

For an entrepreneur starting out, it makes good business sense to avoid ideas that require high capital investment in equipment, land, etc. Venturing into the manufacturing business requires to divide time and effort between making business plan, creating the product, and selling. It is best to venture into product areas that requires small to medium investment, which can be returned within   few years. If one want to start off on his own, this book provides some manufacturing business ideas with small and medium investment.

The major contents of the book are India Government Loan Schemes for Small Scale Businesses, Government Support for Innovation and Entrepreneurship in India, Pradhan Mantri Mudra Yojana, Packaging and Labeling, Products Packaging, Marketing, Onion Dehydration, Garlic Dehydration, Onion Pickle, Onion Chutney, Garlic Oil, Onion Powder, Ginger Oil, Ginger Powder, Ginger Paste, Tomato Pulp, Tomato Paste, Tomato Ketchup, Tomato Powder, Disposable Blood Bags, Disposable Masks, Disposable Surgical Catheters, Disposable Plastic Syringes, Plastic Cups, Disposable Banana Leaf Plate, Facial Tissue & Baby Wet Wipes, Urea Formaldehyde Resin Adhesive, Toothpaste Production, Gypsum Board, Surgical Absorbent Cotton, Glass Fibre, Complex Fertilizers, Activated Carbon from Wood, Biscuits, Candy, Chocolates, Milk Powder, Instant Noodles, Khakhra, Soft Drinks, Spices and Sample Plant Layouts.

If you ever had an idea that you want to turn into a profitable business endeavor, this book will be a mile stone for you.

Remember Dhirubhai Ambani said, “Ideas are no one’s monopoly Think big, think fast, think ahead.”

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Website: www.entrepreneurindia.co  , www.niir.org

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