Business Idea: Many individuals aspire to establish their own enterprises. Nevertheless, they often hesitate due to various factors such as family obligations, insufficient capital, and a lack of comprehensive business knowledge. Commonly, there is a misconception that launching a business necessitates a substantial investment, often amounting to lakhs of rupees. However, it is entirely feasible to initiate a business that aligns with one’s capabilities, even with a modest investment. Let us explore the types of businesses that can be initiated within a budget of Rs. 1 lakh.
These businesses you can start with Rs 1 lakh
One viable option is to start a café, which can be established for less than Rs. 1 lakh. This venture can be initiated at a low cost by implementing a self-service model, thereby minimizing fixed expenses associated with staffing.
The demand for quality daycare centers has surged in recent times. Consequently, opening a daycare facility for children with an investment of under Rs. 1 lakh can be a promising opportunity. Essential requirements include adequate space, a daycare license, and basic safety measures for children. Additionally, effective advertising will be necessary to attract clients.
If you are considering a business within a budget of less than Rs. 1 lakh, a flower shop could be an excellent choice. This type of business has minimal entry barriers and the potential for substantial profits. You can source flowers directly from farmers or purchase them from wholesale markets.
Another option is to explore the food sector on a limited budget. This can be operated from home or by renting a kitchen space. You may also accept orders through delivery platforms such as Zomato and Swiggy, in addition to catering for events with basic supplies. Incorporating promotional efforts alongside your culinary endeavors is a prudent strategy.
Disclaimer: This is general information based on available online sources. Please verify before making any transactions. Times Bull is not responsible for any financial investments made, as it is entirely your responsibility. For better results, please consult a financial advisor.