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20 ventures you can begin with Rs 5 lakh
Ronojoy Banerjee, Outlook Money |
October 26, 2007
In 1995, Sabeer Bhatia started Hotmail together with his idea - of the free, Internet-based email service that can be accessed anywhere in the world - and seed capital from pioneering venture fund Draper Fisher Jurvetson. The service was commercially launched on 4 July 1996. The concept found takers, 8.5 million of them by December 1997. That month itself, Microsoft Corporation, the earth's largest software company, purchased off him for a whopping $400 million.
That's the power of a wise decision. Within the last decade, businesses like Hotmail have rewritten the rules of starting a new business. The first indisputable fact that has been junked is that you need a large amount of capital to have it off the ground. The 2nd concept to visit was that you need to create a tangible product to sell. Their demise has been helped in no small measure through the increasing access from the common man to the Internet, as well as through the emergence from the services, rather than manufacturing as a huge and fast-growing sector. Further,[url=http://cheapindoorsoccershoesonline.blogspot.com/][b]http://cheapindoorsoccershoesonline.blogspot.com/[/b][/url], the emergence of private investors, vc's and private equity funds makes it simpler, although still not easy, to fund a brand new venture. The first new requirement for new-generation businesses is what old advertising hands would call the large idea, the ability to spot unmet needs for services or products.
One, two, clean a shoe . Take the case of Mumbai's Sandeep Gajakas. He saw a lot of otherwise cleanly dressed people on offer in expensive, but dirty, footwear. Which was because age-old methods were not good enough for cleaning hi-tech branded shoes that used different materials and textures.
20 Businesses You can begin With Rs 5 lakh Or Less
BusinessWhat's it aboutSkills neededAmount you have to start (Rs)Gross Profit (%)Break-even periodCompany in the Namebusiness Entrepreneur(s)
Ultra-short temping servicesArrange temporary manpower for event managers. Law and medical colleges may do exactly the same. Media planning, knowledge of Net, networking300,000 20 1 year Ozone Media, BangaloreKiran Gopinath Verification services Informaton security is a huge concern for BPOs. Check the background of prospective employees to prevent corporate fraud. Networking with police, legal knowledge 400,000106 months Pinkerton Consulting Investigations India (PCII), Gurgaon Krishnendu Biswas, works for PCII as MD Tank cleaning Growing utilization of water tanks and concern for hygiene provides you with an opportunity to displace the guy in dirty overalls and professionally clean tanks using the right equipment. Tech-savvy 400,000 307 months TanClean, Mumbai Sunil Uplab Travel guide Pollution, long working hours, stress . customise trips to forests, fishing riverines and mountains for those who just wanna chill (Ye man!) Understanding of getaways, high fun quotient 1,50,[url=http://woolrichoutletdeutschland.halod.com/][b]Woolrich Herren outlet deutschland[/b][/url],000 35 24 months Outrigor,[url=http://woolrichjacket.webmium.com/][b]Woolrich Jackets[/b][/url], Bangalore Sandeep Chakrabarti Revenue credit billing Manage the loan finances of hospitals that are outsourcing this job. The quicker you recover money for your client the greater the likelihood of success. Understanding of insurance, networking2,00,000 20 A few months Health and Insurance Integrated, Noida Deepak Mendiratta Merchandising services Merchandising by business establishments keeps growing. Get it done efficiently for them. Marketing, creativity 2,00,000 10 15 months Desk Digital Print, Delhi Yogesh Bharadwaj Housekeeping (offices)Help Shining India. His service appealed to company brass, TV and film stars, models and politicians, amongst others, who did not mind spending Rs 120 a pop to have their costly sneakers looking like new. Today he's the likes of Yash Chopra and family among his clients and his turnover has ramped up to about Rs 1.5 lakh a month. While initially he did all the cleaning himself--he didn't trust anyone else to do the job--he has hired help to keep his business growing.
Low entry fee. Gajakas is not the just one that has were able to turn a good idea into a successful business. The table 20 Businesses You can begin Within Rs 5 Lakh is about initiatives that do not require very high seed capital, taking into account both the initial capital expenditure as well as the capital necessary to get rolling. In each case, somebody has actually made a success of it. And all of them could be replicated, even though specialised knowledge that many of these need creates an entry barrier that keeps competition under control and prevents them from becoming commoditised.
Spot a necessity. Few things can be more mundane than cleaning a drinking water tank. But Mumbai-based Sunil Uplap thought there was employment to be done when he saw tobacco chewing, beedi-smoking men cleaning one. So,[url=http://duveticaukoutlet.halod.com/][b]Duvetica Down Jackets[/b][/url], in 1995, he set up TanClean, which uses modern cleaning and disinfection methods to ensure the water is potable. Today, TanClean operates in 87 towns and cities now and Uplap is on the lookout for more franchisees.
The dotcom bust of 2000 proved that you simply cannot succeed simply because the entry barrier is low. It is mostly of the websites through which you can purchase bus tickets in India, just as you buy air tickets within the Net. Investment is low,[url=http://duveticaukoutlet.halod.com/][b]http://duveticaukoutlet.halod.com/[/b][/url], however,[url=http://kevindurantshoesforsale.blogspot.com/][b]jordans shoes sale[/b][/url], you need grit to stay through the initial stages, says Sama. Sanjay Anandaram, managing director of JumpStartUp, provides the perspective: "Bus service is generally ignored,[url=http://kevindurantshoesforsale.blogspot.com/][b]kevin durant shoes for sale[/b][/url], however in India it is a $2 billion-plus (approx. Rs 8,[url=http://duveticaukoutlet.halod.com/][b]Duvetica Down Jackets For Men[/b][/url],000 crore) industry."
Hyderabad's V. Pani Kumar Reddy finds a novel method of bringing supply and demand together. His Dial-A-Meal has tied up with restaurants in Hyderabad to deliver food to all parts of the town. Today, it is a household name in that city.
Bangalore-based Kiran Gopinath's Ozone Media is definitely an Web advertising network. It brings together those with ad' space on the Web and people who need it. He partners online publishers to consider advertising reach across the world. His initial investment only agreed to be Rs 3 lakh, but his success is another evidence of his networking ability.
The killing pace of today's life can provide a chance. Bangalore-based Sandeep Chakrabarti's Outrigor organises stress-busting trips for others. Says Chakrabarti, "I would be a little hesitant in the beginning and didn't want to invest my savings in business venture." Initially, he accustomed to hire equipment to maintain costs down. Now he's their own.
Business creates more business. E-States International of Pune-based Sachin Dhanwala and Sundip Joshy will require over the job of choosing the best work place for companies,[url=http://parajumpersonline.webmium.com/][b]http://parajumpersonline.webmium.com/[/b][/url], which may be quite a headache. Say Joshy and Dhanwala,[url=http://duveticaukoutlet.halod.com/][b]Duvetica Jackets UK[/b][/url], "We will not only find a place or two but additionally look after all of the paper work, which can be quite time intensive." The spreading boom has taken opportunities for professional housekeeping companies too. Says Delhi-based Ramesh Verma, who owns housekeeping firm Collections: "With many malls and BPOs coming up around the nation,[url=http://parajumpersonline.webmium.com/][b]2013 PJS Jackets Shop Sale Kodiak Jackets Online PARAJUMPERS[/b][/url], there is a lot of scope for that success of such a venture." Ritu Mukherji, who owns Delhi's Pristine Interiors, which does housekeeping for hotels, adds: "The real investment that the person needs to make is the some time and knowledge." Her clients are based on the 16 years of experience she had using the Oberoi group. And Arvind Pandey's eponymous Concierge 4 India offers concierge services to expatriates. With more of these moving to India,[url=http://rogervivieroutlets.webmium.com/][b]Discount Roger Vivier Shoes[/b][/url], there is enough and much more opportunity for anyone who enters this field.
Ride the boom. The BPO upsurge has made data security an increasing concern. Pinkerton Consulting and Investigations takes care of this by checking the credentials of prospective employees. Managing director Krishnendu Biswas says the "growth potential is massive". Sridhar Pai, a 15-year telecom industry veteran, set up Tons Telecom to mentor newcomers and even help them work out their business plans. Event management is growing in India and managers often need temporary staff. Mumbai's Chirag Bhatia and Varun Parekh bring them in touch with students wanting to supplement their pocket money.
Deepak Mendiratta continues to be successfully using his expertise and data of insurance to bolster the revenues of his Noida-based revenue credit billing company, Heath Insurance Integrated. His job would be to handle the paperwork and complications that arise when patients make payments in credit and claim the amount due using their parent organisation.
Do that which you love. Passion is a key element during these ventures. You'll need loads of it. That's what lies behind chocolate freak Rashmi Vaswani's Rage Chocolatiers in Bangalore. Appreciation for a casual chocolate preparation for a friend two years ago got her an order of 150 kg of customised chocolates, and there was no looking back. Like her, you too can provide a brand new twist to some common product. With average incomes in India soaring, weddings are becoming more opulent along with a need has arisen to creatively organise them for other people. Delhi-based Rita Bhasin's TAB Events is doing just that. "Seed capital is minimal, but what one really has to invest is time,[url=http://discountmerrellshoes.webmium.com/][b]discount merrell barefoot shoes[/b][/url]," she says. Prakash Mundhra of Pune makes a business out of his skill at sourcing gifts for festive occasions. His Sacred Moments makes designer puja and festival kits, down to the last agarbatti.
KNOCKING In the DOOR
Finally, we give you five more business ideas which have been successful in the western world,[url=http://woolrichjacket.webmium.com/][b]http://woolrichjacket.webmium.com/[/b][/url], but haven't seen much activity in India yet. Given that some facets of life are becoming homogeneous around the globe, it is just a matter of time before Indians, too, start demanding these types of services. To that particular extent, we think they have good prospects. In addition, you should be able to start them for Rs 5 lakh or less. Here goes.
Home inspection. Looking for a house to buy or rent could possibly get pretty tedious. Many could be grateful if someone shortlisted houses for them--for a fee,[url=http://duveticadeutschlandshop.halod.com/][b]Duvetica Deutschland[/b][/url].
E-bargain website. A website that simplifies the task of selecting the very best price--for toasters, trucks and anything in between--is bound to find lots of users.
Payroll administration. This includes tax deduction at source, PF contributions and tax-saving investments. Target clients: SMEs that cannot spend an excessive amount of on administrative expertise.相关的主题文章：

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