Kolkata: Entrepreneurship is the buzzword of the current century. While in India, traditionally most are brought up with the idea that one should study to land a decent job, societal trends are gradually changing and more and more youths are taking to venturing out on their own. Predictably, one of the most common entry barriers that most face on their entrepreneurship journey is that of paucity of capital.
Though the government has been offering more and more loans and other forms of financial assistance — take Mudra loans for example — business ideas that need a small amount of capital would do a lot of good to many aspiring entrepreneurs. Below let’s take a look at a few micro business ideas that one can start with an amount as small as Rs 50,000.
Low budget Business ideas
Food stalls: One can think of setting up a tea stall or a small food stall. Scout the neighbourhood to find out what are the popular local items. You can also speak to a cross section of potential customers — working single residents, or couple, or elderly citizens — who do not have the time, energy or physical ability to cook regularly — and get an idea of what you can serve. The right location and quality of food are important differentiators in this business.
Photography: If you have an eye for pictures and love the shutter, you can also think of photography as a small business. The age of internet and social media have spread the use of photography — both still and video — very rapidly. Almost every couple, no matter how limited their resources, cannot think of birthdays and weddings and other social occasions without photography and they hire professional photographers. One can always try one’s hand in a small way locally and then scale up.
YouTube channel: Launching one’s YouTube channel is becoming popular with many. There seems to be an ever-widening array of subjects that are finding an audience and one can think of an idea to capture eyeballs. One can buy a decent phone with a good camera to begin one’s channel. Basic video editing skills are also necessary to flag off one’s channel. From culinary skills to tourism spots, from health tips to personal grooming, the ideas are virtually limitless.
Tutoring: If you have the passion to teach and have knowledge in a particular subject, imparting tuitions can be a great small business that one can consider. An amount of Rs 50,000 is quite enough to buy basic books, study materials etc. Since tutoring through the internet has spread rapidly, it will allow one to impart lessons both physically and over the social media.
Handmade jewellery: This is an expanding area of consumption by an increasing young women population. One can make a beginning by purchasing tools and items to make small handmade jewellery, which are being embraced by more and more women in all age groups. You should have an idea of the designs that are trending and a target audience in mind when you start the venture.
Starting yoou own business and not waiting expectantly for jobs at the end of the educational career is somthing that is finding more and more takers in modern India. Here is a list of ideas that one can explore with a tiny capital base of Rs 50,000. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
