Need Suggestions For Starting a New Business
I want to quit my job and no longer wish to be a part of the corporate world. I have 15 lacs to start a business. What could it ideally be?. I own a 12x12 feet commercial space. I don't want to be a shopkeeper though. Please suggest something🙏🏻
I have a few ideas, get into manufacturing. Be it simplest of the device or anything. There are few compelling reasons why I am suggesting this.
- Govt. Subsidy if you want to buy a machine. Upto 60%
- Stable income
- You have a commercial space so no rent.
- once you get stable with your operation and income , look for allied businesses or things to manufacture. This will give you growth.
Having said all these aren't easy, but easier than other business cuz of support and growth and AI.
Once you have working process and machine your labour dependency will cease to exist.
What kind of manufacturing unit you would suggest for someone to do from their homes itself?
get into dairy farming and start as little as possible
Plenty of things you can try, but i would suggest a trading business. Simple enough for the most part, doesn't require too much capital investment. Find something unavailable in your city/area, start selling it to businesses/individuals.
If hotels are not there in that area, you can set up just with breakfast and slowly increase to lunch and dinner.
