Everyone dreams of starting their own business. Most of the people want to start their own business or startup to break free from the shackles of job. The biggest challenge facing the middle class in starting a business is capital. No need to worry if you too have a budget constraint! A capital of up to ₹5 lakh is sufficient to start a profitable business. Businesses with low investment not only grow faster, but also carry less risk. Here are 5 powerful business ideas that you can start and earn great profits.
Tissue paper manufacturing business
The demand for tissue paper is everywhere from small stalls to big hotels and restaurants. You can start a tissue paper making unit even from a small room. The price of this machine is around ₹5 lakh. These machines can produce 300 to 750 sheets per minute. Printing, embossing, folding and cutting work is automatic after installing the jumbo roll in it.
- Different products from the same machine: You can make tissue paper, napkins and toilet rolls with a single machine. 15% to 25% profit margin is easily available in this business.
- Required Documents: GST Registration, MSME Enterprise Registration, Local Trade License and NOC/Factory License from Pollution Control Board.
Eco-friendly disposable products
After the plastic ban, there has been a huge surge in demand for eco-friendly disposable products. There is a constant need for paper and bio-degradable utensils in weddings, parties and catering sectors. This business can also be started within ₹5 lakh.
- Manufacturing process: A hydraulic press machine for making plate-bowls from betel leaf or a semi/fully automatic machine for paper-based plates can be installed. Storage of machinery and raw materials requires 1,000 to 2,000 square feet of space and a commercial power connection.
- Required Documents: GST Number, Business Registration, Trade License and Pollution Control Board Certificate.
Toy Manufacturing Setup
The toy business is an evergreen business that never experiences a downturn. If you have creativity, good profit can be made by making plastic, wooden or soft/stuffed toys. This business can also be started easily with an investment of ₹5 lakh.
- Quality and Standard: In India it is mandatory for toys to comply with ‘IS 9873’ norms and obtain ISI mark.
- Essentials: Proprietorship or Company Registration, GST Number, Factory License and Pollution NOC.
Art and Craft Business
If you have a creative mindset then art and craft profession is a great option. It can be started from home with a small capital of just ₹10,000 to ₹50,000. Due to the combination of hard work and art in this field, high profit margins ranging from 40% to 70% are available.
- Products Range: Home Decor (Wall Hangings, Macrame, Resin Art, Lamps), Customized Gifts (Handmade Cards, Photo Frames) and Handmade Terracotta Jewelry.
- Means of Sale: In addition to social media platforms, products can be listed on e-commerce sites like Amazon, Flipkart and Meesho and sold across the country.
On-demand cleaning service
The demand for deep cleaning services is increasing rapidly due to the growing awareness towards cleanliness and health. Professional cleaning is in high demand in corporate offices, hospitals and homes. Good profit can be earned in this service business without huge investment.
- Services: Home deep cleaning, sofa-carpet shampooing, office cleaning and shifting cleaning.
- Business Model: You can hire your own trained team or work through an app/website like ‘Urban Company’ connecting local cleaners.
- Essentials: Business registration, GST number and bank current account.
Note:
Before starting any kind of work, consult the concerned expert. The claims made in the news have not been independently confirmed by TV9 Gujarati.
Suzlon share price jumps more than 5 percent, brokerage says – could rise 73 percent: Know 5 big reasons
. Source
