Business, a most sort out word for any one and a dream for every employee that one day he can become an employer. But it is not so easy to run a business and make it profitable. It requires lot of hard work and constant consistent efforts to keep the business afloat and keep it successful.

The competition around the world is so heavy and one needs to keep themselves about the business trends and happenings to keep the business alive.

India is a growing economy and considered to be good place to run business considering its diversified population. Any business runs on Demand and Supply of a particular material or service, the demand supply decides the cycle of every business.

The above chart explains Business cycle and the cyclical nature of every business that is being run. While there are many theories to understand the cycle, let us put a light on how to start business in India with low investment.
Before starting any business, brood on these three main points

⦁ A strong plan and vision for business: Before starting any business a proper vision about to how to go about is compulsory. No business is successful unless there is a proper vision.

⦁ Unique Product selection : While there are many business in India which are happening, choosing a unique product to do a business helps putting our ideas to implementation and effective work

⦁ Funding Requirements: The prime importance before starting any business is to create a working capital and understand the cash flows of a business. Funding requirements can be helped by Banks, Financial Institutions or private lenders.

Below simple points which must be kept in mind before you start a business

⦁ Prepare a project plan

⦁ Find a suitable place where you can execute the same

⦁ Use simple marketing techniques to make your business reach to people

⦁ Decide on the demand and prepare for the supply accordingly

⦁ Reduce wastages

⦁ Try to cut short overhead costs

⦁ Do a excellent customer service

⦁ Ensure complaints/grievances are handled properly and timely if it arises

⦁ Try to diversify in the same line of business

⦁ Ensure to keep yourself updated on the business happening and try to cope up with the competition

Low Investment Ideas:

Manufacturing businesses often need higher manpower and incurs higher costs for execution. There are niche business areas available in India which can be started at low investments and by following the above steps can become a successful entrepreneur.

⦁ Online Service Delivery: This includes various services right from groceries to gifts including almost all products available in brick and motor stores. Just develop an application, tie up with some vendors who provide the services, ensure seamless delivery of products to the customers with good quality and right time

⦁ Social Media Agency : Running a social media agency can be a good idea if there is enough expertise on the marketing, branding and communication techniques are known and implemented with help of right persons to the right target audiences

⦁ Businesses with government support: Government of India is providing support to various investment ideas through its Startup India Initiative. You can find more information in the following link : https://seedfund.startupindia.gov.in/

⦁ Food Delivery/Catering: In recent times, we are able to taste variety of foods available in the town through food delivery apps. This is turning out to be a very profitable business to start a small cookery and tie up with leading online apps that provide food delivery to doorsteps of customers.

Business can be started in house itself with very low investment and with superior quality and taste can easily touch the hearts of customers and become their choice.

⦁ Consulting: Often treated as a low investment but highly profitable business, consulting depends on the knowledge quotient of the consultant and the client he handles.

The bigger the client, more profitable will be the business. Since this involves ones knowledge and wisdom as primary investments, it’s considered to be low, cost-wise.

⦁ Daycare Services: With working parents increasing day by day, the need to take care of the children at home is increasing.

Starting a small day care service at our home or a small place with safe attractive infrastructure, and ensure children are taken care with at most affection, gives an edge to develop the business.

Children being our customers, the demand are often less and we can achieve good name and revenue by taking good care of them.

⦁ Online coaching: With digital technology becoming rapidly ease to use, coaching classes which were traditionally done offline are now becoming famous online.

You just need a small set up to ensure your coaching is done seamless without any disturbances. You can have audiences all over the world and make your business profitable from home itself.

⦁ Trading of commodities: Usually considered to be safest form of business, with low investment one can help build a bridge between the wholesaler or the manufacturer of a product with the retailer of the product.

By doing this, there is no liability on stock and one can just connect the wholesaler with a retailer who offers best price for his product and earn a commission or fee for the same

⦁ Organic Products: With more emphasize on health and nutrition, natural products are becoming the requirements of younger generation. Understanding their needs one a start a business with low investment and marketing these natural organic products would give a better margin for the sale compared to traditional products.

⦁ Fitness Classes/Centers: The younger generation is more aligned towards maintaining a fit body and healthy habits, fitness centers or fitness coaching classes can be seen as potential business with low investment cost.

With proper instructors, and targeted customers, this business can be profitable with low investment cost.

The above are some low cost investment ideas that can be started as business in India. One should keep in mind that, these ideas help starting business, but sustaining the same amongst competition lies in sheer passion and hard work of the particular entrepreneur to make it successful.