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Plunge into the World of Business

Posted by Nabh Design & Associates on June 23, 2014 at 2:15 PM Comments comments (0)

Here are 100 reasons to quit that job, cash out those savings, and take the plunge that makes lions out of lambs. The plunge into the world of business…

1. SOCIAL MEDIA ASSISTANCE SERVICE

We have previously talked about how big social media is for big and small businesses both. This kind of business is merely an extension of how well you know your social networks and how best to use them for business clients. Under this service, you could be doing ghost-writing for businesses, posting on their blogs, Facebook, LinkedIn and twitter accounts. You could also actively monitor the networks for mentions of your client and manage them accordingly

Seed capital: Rs.10,000

Can be started from home? Yes

ROI period: 6 months

Resources: You should know your social networks. Guides on how to effectively use social media for businesses are available online. Social media workshops have also begun in Indian cities

Expected revenues: Rs.15 lakh (5 years); Rs.50 lakh (10 years)

Office requirements: One 10×10 room as office space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads)

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority

2. HR AND RECRUITING SERVICE

Not every business can afford a human resources department. Not everyone can afford a big recruitment firm either. There is a gap here that can be exploited, especially by human resources professionals, to start building their own recruiting firm. Further on, you can also actively manage these firms’ HR processes for them, all the time putting yourself to be one of those big firms as well.

Seed capital: Rs.10,000

Can be started from home? Yes

ROI period: Immediate

Resources: If you are not trained already, pursue a short course or workshop at an institute like Symbiosis Centre for Distance Learning or IGNOU

Expected revenues: Rs.10 lakh (5 years); Rs.20 lakh (10 years)

Office requirements: One 10×10 room as office space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads)

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority

3. TRANSLATION SERVICES

Globalization and the positives in business infrastructure mean that even small and medium businesses now work across at least a few nations. But this comes with the hurdle of language in which they invariably need assistance. So, if you know any language of business, you are going to be in business yourself as translators are in big need. A translation service would be required to interpret all sorts of documents, but their greatest source of revenue will be legal and medical companies. You can specialize in the one or two languages you speak fluently, or you can hire other linguists to translate dozens of other tongues.

Seed capital: Rs.10,000

Can be started from home? Yes

ROI period: Immediate

Resources: If you are not trained already, pursue French at Alliance Francaise, German at the Max Mueller Bhavan, Spanish at Instituto Hispanico, Chinese at the India China Chamber of Commerce & Industry and Japanese at the Language School of Indo-Japan Chamber of Commerce

Expected revenues: Rs.20 lakh (5 years); Rs.40 lakh (10 years)

Office requirements: One 10×10 room as office space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads)

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority

4. BOARDROOM FACILITIES

This is a business idea that, though a tad expensive, can bring in huge revenue over time. Most small and medium businesses do not have boardrooms of their own owing to the space crunch in most big cities. In addition, some do not want to commit that much investment towards a boardroom of their own. Hence, they rent boardrooms for meetings, events and general socialization. So, if you have space of your own, you can easily modify it to suit a business’ needs.

Seed capital: Rs.2 lakh (Assuming you have space)

Can be started from home? No

ROI period: 1 year

Resources: No training needed. One must look up the internet to see what business facilities are in trend

Expected revenues: Rs.30 lakh (5 years); Rs.60 lakh (10 years)

Office requirements: One 10×10 room as office space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads). Projectors, laptop, broadband connection, tea and coffee machines, fax, and stationery needed for boardrooms too

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority. You also need a fire safety clearance from local fire department in some cases

5. MEDICAL TOURISM SERVICE

That India has some of the best-trained and qualified medical professionals is a foregone conclusion. What is of note to us, however, is that medical costs in India are also one of the lowest in the world. This is why many foreign nationals come to India for surgeries or medical treatment. This has created an opportunity for Indian entrepreneurs to offer services to overseas patients looking to get treated at local hospitals.

Seed capital: Rs.30,000

Can be started from home? Yes

ROI period: Immediate

Resources: No specific qualification is essential but industry knowledge helps

Expected revenues: Rs.15 lakh (5 years); Rs.25 lakh (10 years)

Office requirements: One 10×10 room as office space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads), and lots of material on hospitals in India

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority

6. DIETARY CONSULTANCY SERVICES

Eating right is as big as working out amongst the fitness crowd in our urban cities. However, that cannot be done without a bit of external guidance and this is where a dietary consultant comes in. This is a business for the dietitian or nutritionist to startup. Given that more and more of urban India has progressively lesser time to eat and take care of their diet, clientele size will always be growing in this sector.

Seed capital: Rs.10,000

Can be started from home? Yes

ROI period: Immediate

Resources: A course in nutrition would be necessary here. You can do such courses at the National Institute of Nutrition, the International life Sciences Institute and J. D. Birla Institute

Expected revenues: Rs.10 lakh (5 years); Rs.20 lakh (10 years)

Office requirements: One 10×10 room as office space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads)

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority

7. USED CAR DEALERSHIP

Buying a car is a status symbol in our country now, and many middle-class Indians think it is necessary to own one. But, given that costs of new cars are very prohibitive, the need for having used cars on the market is justified. You can start a dealership with not much if you make your first sales on a commission basis rather than a buy-and-sell basis. Also, the used car market tends to do better in a slow market and that is one big positive.

Seed capital: Rs.1 lakh

Can be started from home? Yes

ROI period: 6 months

Resources: No specific training needed, but knowledge of RTO procedures will come in handy

Expected revenues: Rs.50 lakh (5 years); Rs.1 crore (10 years)

Office requirements: One 10×10 room as office space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads), and at least 2 more assistants

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority

8. MOBILE GARAGE SERVICE

This one is for the engineers and trained mechanics. Garages tend to be in the more grey parts of any town and the car does not always break down there. Mobile mechanics are then a Godsend. You can start this service with just a motorcycle of your own and a couple of assistants. You can even offer packages for car owners by tying up with dealerships.

Seed capital: Rs.1 lakh (Assuming you have some transport of your own)

Can be started from home? Yes

ROI period: 1 year

Resources: No specific training needed

Expected revenues: Rs.10 lakh (5 years); Rs.20 lakh (10 years)

Office requirements: One 10×10 room as office space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads), garage equipment, and at least 2 more assistants

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority

9. AUTO MODIFICATION SERVICE

Not everyone can afford a swanky imported car or motorcycle. But many of them can afford small modifications to their set of wheels. All thanks to movies like The Fast and The Furious, people are also more eager to get their wheels tuned for better performance. All this spells a business idea for all the design-leaning auto enthusiasts amongst our readers.

Seed capital: Rs.3 lakh (Assuming you have space)

Can be started from home? Yes

ROI period: 1 year

Resources: No specific training needed. Just an eye for design and the latest trends in the auto world

Expected revenues: Rs.20 lakh (5 years); Rs.40 lakh (10 years)

Office requirements: One 10×10 room as office space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads), at least 1 assistant, garage equipment and modification kits

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority

10. DRIVING SCHOOL

This is again an evergreen business idea in the auto sector. With the number of cars increasing and more and more people wanting to learn how to drive a car, this business will always have a steady flow of clients. All you need is a car of your own, and good-enough patience to be able to teach people how to safely drive their cars.

Seed capital: Rs.10,000 (Assuming you have a car)

Can be started from home? Yes

ROI period: Immediate

Resources: No specific training needed

Expected revenues: Rs.10 lakh (5 years); Rs.30 lakh (10 years)

Office requirements: One 10×10 room as office space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads)

Licensing and permissions: You will need specific permission on running a commercial business out of your home from your local authority. Also, you will need permission from the local RTO to run a driving school

11. CAR STORAGE

This is a new business concept in India and one which is still in its nascent stages. Here, your customers will be people who need to store their cars in a safe environment for short or extended periods. The first step to establishing a car storage business is to secure low-cost indoor storage space, such as a vacant warehouse or manufacturing building. The next step is to simply market the business, which you do by joining auto clubs and auto associations.

Seed capital: Rs.4 lakh (To lease a space)

Can be started from home? No

ROI period: 2 years

Resources: No specific training needed

Expected revenues: Rs.20 lakh (5 years); Rs.40 lakh (10 years)

Office requirements: One 10×10 room as office space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads), and at least two caretakers

Licensing and permissions: No specific permissions required, though the local RTO or corporation may have something to say if it classifies your area as a paid parking space

12. HOBBY CLASSES

More and more parents are now interested in more holistic development of their children. And, thankfully, that means they get time do things other than deep-dive into their books. Hobby classes are one such getaway for kids. If you have a skill in art, crafts, music or any other such discipline, you can offer hobby classes in your neighborhood. This can be started in your home and will expand quickly via word-of-mouth through the kids themselves.

Seed capital: Rs.1 lakh (Assuming you have space)

Can be started from home? Yes

ROI period: 6 months to 1 year

Resources: No specific training needed. Just your own skills

Expected revenues: Rs.20 lakh (5 years); Rs.40 lakh (10 years)

Office requirements: One 10×10 room as office space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads), at least 1 assistants, and activity kits for your discipline

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority

13. CHILDREN’S PARTY PLANNING SERVICE

Make no mistake. Organizing a child’s party is way tougher than organizing a wine get-together. But if you do it well, these kids will be your biggest marketers. It is a fun business that will throw up something new every time, and will most definitely make you money, especially in urban India.

Seed capital: Rs.20,000

Can be started from home? Yes

ROI period: Immediate

Resources: No specific training needed. Just your own organizational skills and a penchant for fun

Expected revenues: Rs.20 lakh (5 years); Rs.40 lakh (10 years)

Office requirements: One 10×10 room as office space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads), and at least 1 assistant

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority

14. CHILDPROOFING SERVICE

This one is for interior decorators amongst our readers. Children love to fool around. Alas, parents do not always prefer that. Not only do kids damage stuff, but, more dangerously, hurt themselves while they are at it. A childproofer visits homes, installing safety latches, catches and other safety devices and alerting parents to potential hazards like poisonous plants and other materials. It is a low-cost business idea that has an element of doing good attached to it.

Seed capital: Rs.10,000

Can be started from home? Yes

ROI period: Immediate

Resources: No specific training needed. Just your own skills and the ability to think like a child

Expected revenues: Rs.15 lakh (5 years); Rs.25 lakh (10 years)

Office requirements: One 10×10 room as office space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads)

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority

15. NANNY SERVICES

This is a business idea that has been around since the British Raj in India. While there is the informal bai system in our country, more and more parents are looking for nannies who will bring something more to the table, like helping with the child’s education, keeping a watch on his dietary needs as well as able to give an educated feedback when needed. A nanny service would see you hunt for such nannies, train them if needed and then place them with the right families.

Seed capital: Rs.10,000

Can be started from home? Yes

ROI period: Immediate

Resources: No specific training needed

Expected revenues: Rs.10 lakh (5 years); Rs.20 lakh (10 years)

Office requirements: One 10×10 room as office space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads)

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority

16. SPORT COACHING

Thanks to the rise of Indian sportsmen in the last three years on the global stage, more and more parents are now opening up to the idea of their children pursuing sports as a career. If you are a professional or state level-plus player of any sport, you have the opportunity of starting your own coaching service for kids. There is no shortage of children wanting to be the next superstars. You make one, and you would have made millions.

Seed capital: Rs.10,000 (Assuming you have free access to sporting facilities)

Can be started from home? Yes

ROI period: Immediate

Resources: You must be a player of some repute and level. For some sports, you will also be needed to be certified as a coach by the relevant sporting body

Expected revenues: Rs.25 lakh (5 years); Rs.50 lakh (10 years)

Office requirements: One 10×10 room as office space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads), and at least 1 assistant

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority

17. COURIER SERVICE

This is one of the oldest business services in the world and as such may not seem the biggest business idea either. But the fact is that a lot of businesses are always on the lookout for better shipping costs and times locally, and that’s your cue to start up in. A local courier service, which relies upon public or private transport, and has a knack for efficiency, would always find takers here in India.

Seed capital: Rs.2 lakh (Assuming you are using public transport)

Can be started from home? Yes

ROI period: 1 year

Resources: No specific training needed

Expected revenues: Rs.20 lakh (5 years); Rs.40 lakh (10 years)

Office requirements: One 10×10 room as office space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads), and at least 5 assistants

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority

18. RESTAURANT LOGISTICS

Restaurants have logistic needs comparable to small armies. They need their groceries in time, as even a change of an hour means their costs change. They also need them delivered safely and in good, hygienic conditions. Alas, that sector in India is very disorganized and depends on local informal players. You can come into this high-cost business, with a bit of common sense and listening to restaurant owners, and offer them a way out of their tensions by letting you take care of their logistics

Seed capital: Rs.30 lakh (Assuming you will buy your vehicles)

Can be started from home? No

ROI period: 2 years

Resources: No specific training needed. Just common sense and an understanding of the transport logistics business in your area

Expected revenues: Rs.50 lakh (5 years); Rs.80 lakh (10 years)

Office requirements: One 10×10 room as office space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads), at least 5 assistants

Licensing and permissions: In some states, your business will be categorized as goods carriage and hence will have to pay RTO tax appropriately

19. MOVING AND PACKING SERVICE

This is one of those businesses that will be handled best by women whose husbands moved frequently. It is an art to pack an entire household into a few boxes. A house-owner will gladly get himself rid of such a headache and let you do it for a fee. You can expand the scope by throwing in a moving service too for your client. It is a business idea with the maximum number of clients coming from the central government services.

Seed capital: Rs.20 lakh (Assuming you lease transport vehicles)

Can be started from home? No

ROI period: 2 years

Resources: No specific training needed. Just common sense and an understanding of the transport business

Expected revenues: Rs.50 lakh (5 years); Rs.80 lakh (10 years)

Office requirements: One 10×10 room as office space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads), at least 2 assistants

Licensing and permissions: Your business can be categorized as goods carriage and hence you will have to pay RTO tax appropriately. Also, your vehicle will need an all-India permit from the RTO

20. CARPOOLING SERVICE

This might be one of the dark horses amongst our business ideas. Carpooling means that a few people get together to use one car to go to the same destination, splitting the fuel costs, thus saving money individually. While office goers and school children both do this informally, there is a need for this to be done formally as well. You can start a service by identifying potential customers, linking them up and charging a fee on facilitation of such a service. The best way to do this, however, has to be online.

Seed capital: Rs.50,000 (Assuming you are going to hire a web developer)

Can be started from home? Yes

ROI period: 6 months to 1 year

Resources: No specific training needed

Expected revenues: Rs.15 lakh (5 years); Rs.30 lakh (10 years)

Office requirements: One 10×10 room as office space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads)

Licensing and permissions: You will need specific permission on running a commercial business out of your home from your local authority

21. SAFE DRIVER SERVICE

The concept of partying hard has hit India in earnest. After work meet-ups and casual drinking on weekdays is on the rise, not to mention the huge number of people who frequent pubs and bars in the major cities during the weekend. Alas, some overdo it. For them, a safe driver service is like a boon. For a fee, a driver can either drive the pub goer’s car back to his home after the night is over, leaving him tension-free during the partying itself. This service can also work well for girls who go out partying on their own and might need a safe service to take them back home.

Seed capital: Rs.30,000 (Assuming your patrons have their own cars)

Can be started from home? Yes

ROI period: 6 months

Resources: No specific training needed. Just your own organizational skills

Expected revenues: Rs.10 lakh (5 years); Rs.20 lakh (10 years)

Office requirements: One 10×10 room as office space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads), and at least 2 certified and police-verified drivers

Licensing and permissions: You will need specific permission on running a commercial business out of your home from your local authority. If you run your own car, it may be classified as a taxi and you may have to pay RTO tax for it

22. RAINWATER HARVESTING

The concept of rainwater harvesting, though not new, is only now gaining popularity in urban India. Rainwater harvesting is a process by which one simply collects rainwater and then stores it until required. Corporations in cities like Bengaluru and Mumbai have made it mandatory for new buildings to have rainwater harvesting facilities. In some cities, this includes private bungalows as well. This translates to a windfall for people who have learned the process of rainwater harvesting.

Seed capital: Rs.20,000

Can be started from home? Yes

ROI period: 3 months

Resources: The Centre for Science and Environment (CSE), Delhi, offers a five-day certificate course on rainwater harvesting that teaches topics like principles, components, planning and designing among others

Expected revenues: Rs.20 lakh (5 years); Rs.40 lakh (10 years)

Office requirements: One 10×10 room as office space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads) and at least one assistant

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority. Also, you will need to be certified in some cities by local corporations, as fit to set up a harvesting system

23. GREEN CONSULTANCY

More and more businesses are going green today. But they need to be showed how. This is a business opportunity for people with an environmental bent of mind. They can put their skills and knowledge to practice by helping other businesses to go green — implementing green practices and reducing inefficiency in energy consumption. Crucially, this business has clientele across the board from medium-sized businesses to even government authorities.

Seed capital: Rs.20,000

Can be started from home? Yes

ROI period: 6 months

Resources: A lot of best practices on going green can be picked up on the Internet. Besides that, formal education at schools teaching environmental sciences also has modules on such practices

Expected revenues: Rs.20 lakh (5 years); Rs.40 lakh (10 years)

Office requirements: One 10×10 room as office space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads) and at least one assistant

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority

24. RECYCLED FASHION

For all those fashion designers out there, this is as much a business ideas as it is a challenge. Materials like rubber, leather and others are known to be used in apparel as well. Reusing old material to make apparel that is wearable and usable is one of the more green businesses you can start. All it takes is a bit of ingenuity and an ability to innovate.

Seed capital: Rs.20,000

Can be started from home? Yes

ROI period: 1 year

Resources: The Centre for Science and Environment (CSE), Delhi, offers courses in recycling and reusing of material that can be used in clothing

Expected revenues: Rs.15 lakh (5 years); Rs.25 lakh (10 years)

Office requirements: One 10×10 room as office space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads) and at least one assistant

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority

25. REFURBISHED FURNITURE

This is a business idea for those who have the ability to find beauty in old things. As they say often now, the same kind of furniture is not made anymore in the country; not the same wood, not the same work. Interior decorators have a chance to set up a business here where they can hunt out old furniture, refurbish it and sell to it to customers keen on old, solid furniture.

Seed capital: Rs.20,000

Can be started from home? Yes

ROI period: Immediate

Resources: An eye for furniture trends as well as a penchant for places like Chor Bazaar in Mumbai and the timber markets in Delhi

Expected revenues: Rs.15 lakh (5 years); Rs.30 lakh (10 years)

Office requirements: One 10×10 room as office space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads) and at least one assistant

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority

26. GREEN PRODUCTS STORE

As more and more people become aware of how the earth is being damaged by us, the more is their leaning towards products that are green in nature and do not harm the environment. However, access to such products is not always easy. A green products store, preferably an online one, can be a great problem solver here as well as a good business idea.

Seed capital: Rs.50,000-Rs.5 lakh (Depending on what you sell and whether you outsource your IT )

Can be started from home? Yes

ROI period: 1 to 2 years

Resources: The Internet is your best resource on tips to sell online. Green business blogs on the web will direct you to products which are hot. Also connect with the major shipping firms to find out who will give you the best deal

Expected revenues: Rs.15 lakh (5 years); Rs.30 lakh (10 years), but depends a lot on what you are selling

Office requirements: One 20×20 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads), merchant account

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority

27. DOG GROOMING

Dog owners are always in need of ways to beautify their canine companions. You would be surprised to know that most owners think nothing of spending a bundle on a regular basis to keep their pampered pooches well-groomed. You can tap into this business if you like pets, specifically dogs, and have a sense of what works and does not work in dog grooming.

Seed capital: Rs.50,000 (Assuming you have space of your own)

Can be started from home? No

ROI period: 1 year

Resources: The Internet is your best resource on tips to dog grooming. While there no specific courses in India, there are dog grooming courses available in the west

Expected revenues: Rs.25 lakh (5 years); Rs.40 lakh (10 years)

Office requirements: One 20×20 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads), one assistant, and lots of grooming equipment

Licensing and permissions: You will need a specific permission on running a pet business from the local corporation on sanitation and health standards

28. PET FOOD

Not all pet owners really know what is best for their pet. Many just pick up food from the shelves to feed their pets. The more informed ones go on the internet to find out what is best for their dog or cat. There is an opportunity here, especially in the big towns, to prepare and deliver healthy food for pets, as prescribed by nutritionists. This is viable business, provided you get your target clients right.

Seed capital: Rs.50,000-Rs.1 lakh (For the kitchen )

Can be started from home? Yes

ROI period: 6 months

Resources: The Internet is your ideal resource for what food is best for pets in India. Also, you must join the various dog and cat clubs to network and market your business

Expected revenues: Rs.15 lakh (5 years); Rs.30 lakh (10 years)

Office requirements: One 20×20 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads), merchant account

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority. For a separate kitchen, you may also need a fire department clearance

29. KENNELS

The business of kennels is already quite prevalent in India, but there is always space for more. Though a kennel is a little more costly to set up, it is perfect for anyone who has extra space. As such, this business idea is best for those living in smaller cities and outskirts of big towns, and those who have an affinity for dogs.

Seed capital: Rs.2 lakh (If you have space of your own)

Can be started from home? No

ROI period: 1 year

Resources: The Internet is your best resource for how to run a kennel for dogs in India. Also, you must join the various dog and cat clubs to network and market your business

Expected revenues: Rs.10 lakh (5 years); Rs.20 lakh (10 years)

Office requirements: One 20×20 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads), at least 1 assistant, and lots of dog care equipment

Licensing and permissions: You will need a specific permission on running a kennel business from the local corporation on sanitation and health standards

30. DOG BREEDING

This business is only for the aficionados. The business of dog breeding is one where the gestation period is high as it depends upon the litter cycle for the dogs. However, consider this — that Vodafone pug is going in the market for upwards of Rs.40,000 while a purebred, imported, German Shepherd can go for anywhere close to Rs.1 lakh. The industry itself is valued at over a few crore, though no exact figures exist for it. But it definitely is a very rewarding business.

Seed capital: Rs.30,000-Rs.50,000 (If starting a kennel with local dogs) and Rs.1.5 lakh-Rs.3 lakh (For imported dogs)

Can you start from home? No

ROI period: 3 years

Resources: No training for dog breeders yet. But courses for breeder training is being developed in the circles

Expected revenues: Rs.30 lakh (5 years); Rs.80 lakh (10 years)

Office requirements: One 20×20 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads), at least 1 assistant, kennel space, dog grooming equipment, pre-packaged and cooked food, dog care equipment and, very importantly, a veterinarian on call

Licensing and permissions: Breeders need to register with the Animal Welfare Board of India. Every kennel and pedigreed dog must also be registered with the Kennel Club of India. Vaccination requirements must be adhered to as well.

31. PET CARE

This is the cheapest of businesses and one that preys on those lazy owners who get dogs or cats, but can’t take care of them. At first glance, this may seem an ordinary business idea, but Entrepreneur is in the know of a college kid who makes more than Rs.1 lakh a month for walking dogs along with another helper. That is business revenue worth considering for any entrepreneur.

Seed capital: Rs.15,000

Can be started from home? Yes

ROI period: Immediate

Resources: The Internet is your best resource for how to take care of pets. Also, you must join the various dog and cat clubs to network and market your business

Expected revenues: Rs.20 lakh (5 years); Rs.40 lakh (10 years)

Office requirements: One 20×20 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads), at least 1 assistant, and lots of pet care equipment

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority

32. INTERIOR DECORATION

This is the oldest business in the book as far as homes go, but only now has it seen a boom with more disposable income flying around. While this business maybe specifically for interior decorators, there is no denying that anyone with a little bit of vision and creativity can get into this business. It is getting the first client that is the hurdle. If you are good, the rest will follow.

Seed capital: Rs.10,000

Can be started from home? Yes

ROI period: 6 months

Resources: Most schools of architecture offer a shorter course in interior decoration, while some designs schools offer workshops and certificate courses as well

Expected revenues: Rs.20 lakh (5 years); Rs.40 lakh (10 years)

Office requirements: One 20×20 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads), at least 1 assistant

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority

33. GARDENING SERVICES

This may not seem like a business idea to you, but many small boutique firms are making a fist for it. The concept of having balcony gardens is catching up in urban locations and hence, there is a need for firms which can handle this kind of specialist work. The business is booming in concurrence with the business of real estate.

Seed capital: Rs.50,000

Can be started from home? Yes

ROI period: 1 year

Resources: The Internet is your best resource for how to make gardens in closed and tight spaces like flats

Expected revenues: Rs.20 lakh (5 years); Rs.40 lakh (10 years)

Office requirements: One 10×10 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads), at least 1 assistant, and lots of gardening equipment

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority

34. APPLIANCE REPAIR SERVICES

The standard of electrical equipment and appliances in Indian households has drastically improved over the past decade. This also means that not all homemakers are comfortable giving their expensive equipment to the neighborhood repairmen. An all-weather appliance repair service that works on job fee or package deal makes business sense here.

Seed capital: Rs.20,000

Can be started from home? Yes

ROI period: 6 months

Resources: You need either certification from appliance makers or a course in electronics from your local ITI

Expected revenues: Rs.15 lakh (5 years); Rs.30 lakh (10 years)

Office requirements: One 10×10 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads), electric gear

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority

35. AIR CONDITIONER RENTAL

India is a hot country. And it is also where many young people migrate away from their homes to stay in other towns on rent. While not all of them can afford ACs, they can definitely rent them at affordable rates. There is a business idea here in renting out ACs to not only these on-the-move kids but also small businesses that do not want to necessarily spend first-up.

Seed capital: Rs.70,000 (cost of 4-window ACs)

Can be started from home? Yes

ROI period: 6 months

Resources: You need to do a course in electronics from your local ITI if you intend to repair and maintain ACs

Expected revenues: Rs.15 lakh (5 years); Rs.30 lakh (10 years)

Office requirements: One 10×10 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads), electric gear and 1 assistant

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority

36. CARPET AND UPHOLSTERY BUSINESS

We live in a dusty country with much cleaning to be done. Cleaning upholstery and carpets, though, is not a pleasant job for a homemaker. Only recently, they have begun to hire specialists for the same, who can do a quick, clean and scientific job. This business is an all-weather one which also works across India.

Seed capital: Rs.50,000

Can be started from home? Yes

ROI period: 6 months

Resources: The Internet is your best resource on scientific cleaning techniques

Expected revenues: Rs.15 lakh (5 years); Rs.30 lakh (10 years)

Office requirements: One 10×10 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads), electric gear and 1 assistant

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority

37. SECURITY AGENCY

The most booming of all businesses in India. Security personnel are needed everywhere — from malls and offices to even homes. And the demand is outstripping supply. This is a good business idea still, provided you can recruit able, trained professionals for the job. One must look at ex-paramilitary personnel as the best fit for these jobs.

Seed capital: Rs.5 lakh

Can be started from home? No

ROI period: 1 year

Resources: You need to be plugged into the security personnel scene. The Security Association of India and the Asian Professional Security Association are the two agencies to look for support and guidance

Expected revenues: Rs.40 lakh (5 years); Rs.80 lakh (10 years)

Office requirements: One 10×10 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads), and extra manpower

Licensing and permissions: You will need specific permission from the local police department to offer your services. In addition, if offering armed guards, you will need gun licenses as well

38. CYBER SECURITY FIRM

This business idea is best-suited for those who are the biggest enemies of cyber security — hackers. A cyber security outfit can find work with a corporate as well as a medium-sized business. This is an era where information security is vital and those who know how to steal it, are best equipped to fight it.

Seed capital: Rs.20,000

Can be started from home? Yes

ROI period: 6 months

Resources: The Internet is your best resource on cyber security

Expected revenues: Rs.30 lakh (5 years); Rs.60 lakh (10 years)

Office requirements: One 10×10 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads)

Licensing and permissions: You will need specific permission on running a commercial business out of your home from your local authority

39. ALARM INSTALLATION SERVICE

Physical security at homes has gone to another level with new and advanced alarm systems being brought into the country. However, one cannot just buy them off the shelf and install them. Experts are needed and this is where a team can start a business. Mind you, alarms have a market not only at homes, but also shops and corporates.

Seed capital: Rs.1 lakh

Can be started from home? Yes

ROI period: 6 months

Resources: The Internet is your best resource on alarm installations. It would help if you take a course in electronics

Expected revenues: Rs.15 lakh (5 years); Rs.30 lakh (10 years)

Office requirements: One 10×10 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads), electric gear and 1 assistant

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority

40. DISASTER MANAGEMENT SERVICE

This kind of business takes the concept of security management to another level. After the floods in Mumbai and the terror attacks, corporates are keen on managing the risk associated with disaster more efficiently. A disaster management firm can put in processes and solutions to minimize risk for a company, in terms of both property and lives.

Seed capital: Rs.50,000

Can be started from home? Yes

ROI period: 6 months

Resources: You can attend courses on Disaster Management from the National Institute of Disaster Management and IGNOU

Expected revenues: Rs.15 lakh (5 years); Rs.30 lakh (10 years)

Office requirements: One 10×10 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads)

Licensing and permissions: You will need specific permission on running a commercial business out of your home from your local authority

41. DETECTIVE AGENCY

This business is in high demand now. Availing the services of detectives has seen a boom with the rise in western culture, as the moralists call it, and also the increased competition between businesses. One can start this business armed with nothing more than common sense and an eye for detail.

Seed capital: Rs.20,000

Can be started from home? Yes

ROI period: 6 months

Resources: You can study criminal forensics as well private investigation at the Indore Christian College, Indore and the National Institute of Private Investigation, New Delhi

Expected revenues: Rs.25 lakh (5 years); Rs.50 lakh (10 years)

Office requirements: One 10×10 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads), and 1 assistant

Licensing and permissions: You will need specific permission on running a commercial business out of your home from your local authority

42. BOUTIQUE AD AGENCY

Some call it the most-hated business, for they trick customers and what not! However, there is no denying the presence of ad agencies in our daily life. This is a business set up for ones with a creative bent and loads of perseverance. An ad agency can never go big from the beginning, but there is always a bonanza for the talented ones.

Seed capital: Rs.20,000

Can be started from home? Yes

ROI period: 1 year

Resources: You can study advertising from colleges across India.

Expected revenues: Rs.10 lakh (5 years); Rs.30 lakh (10 years)

Office requirements: One 10×10 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letter heads), and 1 assistant

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority. At some time, you would also want to be accredited by the advertising bodies

43. LOCAL CLASSIFIEDS

No one is asking you to be Craigslist, but starting a classifieds business for your suburb or city can be a decent money-spinner. There are two ways to go about this. Online, if you wish to get advertising revenue at some time. Offline, if you wish to go by the paid copy route. Either way, you have to start small and stay compact. However, a print version would always be more intimate with your audience.

Seed capital: Rs.10,000 (if online) and Rs.50,000 (if physical version)

Can be started from home? Yes

ROI period: 2 years

Resources: Learn the various business models of classifieds across the world, including Craigslist. Going local is the new way as far as advertising and classifieds go

Expected revenues: Rs.10 lakh (5 years); Rs.20 lakh (10 years)

Office requirements: One 10×10 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads)

Licensing and permissions: You will need specific permission on running a commercial business out of your home from your local authority

44. PROMOTIONAL PRODUCTS

They say the best advertising is one where the customers get a freebie. They are probably right. The making and selling of promotional products is now going beyond just pens and diaries. Companies are open to more innovative and unique gifts and those with a creative bent of mind can tap into this business opportunity.

Seed capital: Rs.30,000

Can be started from home? Yes

ROI period: 6 months

Resources: Read and learn on the web about various promotional products that are the trends in the world right now. Learn about innovations that made a mark overseas and how they can be adapted to India

Expected revenues: Rs.20 lakh (5 years); Rs.40 lakh (10 years)

Office requirements: One 10×10 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads)

Licensing and permissions: You will need specific permission on running a commercial business out of your home from your local authority

45. ONLINE ADVERTISING CONSULTANCY

In the rush to set up a website, many business owners fail to consider how they will advertise their site once online. In a nutshell, the role of an Internet advertising consultant is to develop an advertising program specifically created to meet a client’s particular needs. How do you optimize a website for search engines? What’s the best way to advertise a website online and offline? These are questions many businesses will pay for.

Seed capital: Rs.10,000

Can be started from home? Yes

ROI period: 3 months

Resources: Read and learn on the web about SEO and SEm techniques. Read about Google Adsense and other affiliate programs

Expected revenues: Rs.20 lakh (5 years); Rs.40 lakh (10 years)

Office requirements: One 10×10 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads)

Licensing and permissions: You will need specific permission on running a commercial business out of your home from your local authority

46. WINDOW DISPLAY SERVICE

This is specifically for entrepreneurs with an eye for art and what works in the average human’s eyes. Window displays are the first line of advertising for any store, but very few get it right. A consultant can, however, educate and execute for a store its window display advertising for a fee. And there are many stores in India, in all its cities.

Seed capital: Rs.10,000

Can be started from home? Yes

ROI period: 3 months

Resources: Read and learn on the web about how stores abroad go about widow displays. Some of the world’s biggest stores have entire departments dedicated to window displays

Expected revenues: Rs.15 lakh (5 years); Rs.30 lakh (10 years)

Office requirements: One 10×10 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads)

Licensing and permissions: You will need specific permission on running a commercial business out of your home from your local authority

47. IMAGE CONSULTANCY

This business idea has as much to do with clothing as it has to do with shaping a person’s personality. An image stylist can bring to an individual great clothes and the confidence to carry it off. And in a world where image is everything, this is an idea worth emulating by all those with a sense for fashion.

Seed capital: Rs.10,000

Can be started from home? Yes

ROI period: Immediate

Resources: A sense for fashion and perhaps some qualification from institutes such as National Institute of Fashion Technology

Expected revenues: Rs.15 lakh (5 years); Rs.40 lakh (10 years)

Office requirements: One 10×10 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads) and loads of fashion catalogues

Licensing and permissions: You will need specific permission on running a commercial business out of your home from your local authority

48. APPAREL MAINTENANCE

While most rich people collect expensive clothing and shoes by the trucks, they do not really know much about how to take care of them and maintain them. This is as much a science as it is an art. A student of fashion can turn it into a business idea as long as he or she is patient with the processes.

Seed capital: Rs.40,000

Can be started from home? Yes

ROI period: 3 months

Resources: Read and learn more about how shoes and apparel need to be washed and taken care of

Expected revenues: Rs.10 lakh (5 years); Rs.30 lakh (10 years)

Office requirements: One 10×10 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads), washing solutions, washing machines and dryers

Licensing and permissions: You will need specific permission on running a commercial business out of your home from your local authority

49. FASHION ACCESSORIES

While making clothes and shoes would be a stretch for most fashion students, accessories are a more realistic option for their first steps into selling fashion. Accessories like bangles, earrings, small bags etc. can be designed and created on a budget and then retailed through small neighborhood stores at first. If they take off, the sky is the limit.

Seed capital: Rs.50,000 (Buying raw material)

Can be started from home? Yes

ROI period: 3 months

Resources: Read and learn about the latest trends in fashion accessories. Institutes like the National Institute of Fashion Technology teach these in their long courses

Expected revenues: Rs.15 lakh (5 years); Rs.30 lakh (10 years)

Office requirements: One 10×10 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads) and at least 1 assistant

Licensing and permissions: You will need specific permission on running a commercial business out of your home from your local authority

50. FASHION DESIGN CLASSES

Now, fashion design is just not a course that can be taught at big institutes to a handful of students. A qualified fashion designer could also consider giving hobby classes in fashion to amateur fashionistas as well as young boys and girls in school interested in the craft. This business is best run locally, and is a yet-untapped one.

Seed capital: Rs.10,000 (Assuming you have space)

Can be started from home? Yes

ROI period: 3 months

Resources: Get a qualification from institutes like the National Institute of Fashion Technology or the National Institute of Fashion Design

Expected revenues: Rs.15 lakh (5 years); Rs.30 lakh (10 years)

Office requirements: One 10×10 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads)

Licensing and permissions: You will need specific permission on running a commercial business out of your home from your local authority

51. APPAREL RENTAL SERVICE

Yes, not all of us can afford expensive clothes and bags. But can we rent it? Absolutely. In this business, the entrepreneur can keep a stock of current and trendy fashion wear as well as the classics in stock, which can then be rent out on a per night or week basis. These can then be sold once they are past their shelf life. The business can boom especially amongst the youth who want stylish clothes on special occasions but can’t necessarily buy it.

Seed capital: Rs.5 lakh (Buying stock)

Can be started from home? Yes

ROI period: 1 year

Resources: Read and learn about the latest trends in fashion. Institutes like the National Institute of Fashion Technology are also a good resource to see what is in fashion

Expected revenues: Rs.25 lakh (5 years); Rs.50 lakh (10 years)

Office requirements: One 10×10 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads) and at least 1 assistant

Licensing and permissions: You will need specific permission on running a commercial business out of your home from your local authority

52. SPACE RENTALS

Musical bands and performers have always had a difficult time securing space for rehearsing their acts and numbers, and starting a business that rents rehearsal space to musicians by the hour, day, week or month is a fantastic new enterprise to get rolling. Ideally, this will be established on leased premises in an industrial building so that noise won’t be a concern or become a problem. Additionally, the spaced that’s leased for the rehearsal space should also be subdivided into a few smaller rehearsal rooms to accommodate more than one customer at a time.

Seed capital: Rs.5 lakh (Leasing space)

Can be started from home? No

ROI period: 1 year

Resources: Network within the Indian music scene. Approach bands directly. Your name is bound to spread via word-of-mouth

Expected revenues: Rs.25 lakh (5 years); Rs.50 lakh (10 years)

Office requirements: One 10×10 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads) and loads of sound equipment for hire

Licensing and permissions: You will need specific permission from the local corporation regarding sound limits in some cities

53. DISC JOCKEY SERVICE

One of the best part-time entertainment businesses that can be started is a disc jockey or DJ service, as not only are they are in high demand, the monthly operating overheads are also virtually nonexistent. Potential clients for a disc jockey service can include event planners, wedding planners, tour operators, nightclub owners, and the individual consumer seeking to secure disc jockey services for a celebration or event.

Seed capital: Rs.5 lakh-Rs.10 lakh (DJ equipment)

Can be started from home? Yes

ROI period: 1 to 2 years

Resources: One can learn DJing at most audio schools like the SAE Mumbai or a better bet is to hire a DJ for your service

Expected revenues: Rs.30 lakh (5 years); Rs.50 lakh (10 years)

Office requirements: One 10×10 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads) and loads of sound equipment

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority. Also, a DJ might need to get the phonographic license on his own

54. MUSIC LESSONS

If you are a musician, then there is no greater joy you should have than setting up a business where you can pass on your skill to others. Kids in urban India are now much aware of the music scene and wish to learn and play some of the instruments their idols play. This is a high-revenue business if you are talented and can market yourself well.

Seed capital: Rs.10,000

Can be started from home? Yes

ROI period: Immediate

Resources: Your music skills. And a bit of patience

Expected revenues: Rs.20 lakh (5 years); Rs.40 lakh (10 years)

Office requirements: One 10×10 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads) and loads of sound equipment

Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority

55. RECORDING STUDIO

The capital required to start a sound recording studio is gigantic. However, the profits that the business can potentially generate are even larger. Starting a sound recording studio is much easier than it was at one time, simply because of the advancement in technology. Many recording studios that specialize in voiceovers for radio advertising, CD recording and DVD recording are even home-based operations. However, any one who doesn’t have experience in the recording industry is well-advised to stay clear of this particular business opportunity.

Seed capital: Rs.20 lakh

Can be started from home? Yes

ROI period: 2 years

Resources: Your experience as a music professional will come in handy here. It would also be good to consult recording industry professionals time to time

Expected revenues: Rs.50 lakh (5 years); Rs.2 crore (10 years)

Office requirements: One 10×10 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads), loads of sound equipment, sound proofing equipment, at least 2 assistants

Licensing and permissions: You will need a specific permission from the local corporation regarding sound limits in some cities. You will also need a specific permission on running a commercial business out of your home from your local authority

56. ARTISTE MANAGEMENT

This is one of the more envied businesses in the music industry. As a bootstrapper, you will have to first take on small bands, get them gigs, set up meetings, haul equipment, keep them in line etc. As a manager, you will be the one who decides what commercial direction the band will take and how you can make the best money for their sound. And hence, for yourself.

Seed capital: Rs.10,000

Can be started from home? Yes

ROI period: 6 months

Resources: Your experience as a music professional will come in handy here. It would also be good to consult recording industry professionals time to time

Expected revenues: Rs.10 lakh (5 years); Rs.30 lakh (10 years)

Office requirements: One 10×10 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads)

Licensing and permissions: You will need specific permission on running a commercial business out of your home from your local authority

57. ROOMMATE FINDER SERVICE

Students in cities across India live with roommates. Some they chose. Some they are forced to live with. A roommate finder service that is online can help them find roommates of their choice. This is an online business that can be altered to work locally or even have listings from across India. Revenue can come from advertising from student-targeted businesses as well as sponsored apartment listings.

Seed capital: Rs 50,000

Can be started from home? Yes

ROI period: 2 years

Resources: You will need to be skilled in web development to be able to maintain lower running costs for the website

Expected revenues: Rs.10 lakh (5 years); Rs.25 lakh (10 years)

Office requirements: One 10×10 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads)

Licensing and permissions: You will need specific permission on running a commercial business out of your home from your local authority

58. APARTMENT FINDER SERVICE

For students, finding a new home or apartment to rent can be a very time-consuming and daunting task. That’s why there is a need for a professional apartment and house-finder service. The service can be operated from home and on the web. You also have a couple of options in terms of fees. You can charge renters a fee to find the right place to suit their needs. Or you can charge the landlord or building owner a fee to list his or her properties with your service.

Seed capital: Rs.50,000

Can be started from home? Yes

ROI period: 1 year

Resources: You will need to be skilled in web development to be able to maintain lower running costs for the website

Expected revenues: Rs.15 lakh (5 years); Rs.30 lakh (10 years)

Office requirements: One 10×10 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads)

Licensing and permissions: You will need specific permission on running a commercial business out of your home from your local authority

59. SCHOLARSHIP FINDER SERVICE

Every year students vie for educational scholarships, and one of the most difficult challenges facing them is trying to keep track and up-to-date with the thousands of different scholarships that are offered each year. Developing a website that features information about scholarships can be a terrific way for parents and students to learn more about particular scholarships and the required criteria. This type of online business could earn revenue in a few ways, such as charging students and parents a yearly membership fee for access to the site or charging educational facilities and scholarship advisory boards a fee to post their scholarship information.

Seed capital: Rs.50,000

Can be started from home? Yes

ROI period: 1 year

Resources: You will need to be skilled in web development to be able to maintain lower running costs for the website

Expected revenues: Rs.15 lakh (5 years); Rs.30 lakh (10 years)

Office requirements: One 10×10 room as office/stock space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads)

Licensing and permissions: You will need specific permission on running a commercial business out of your home from your local authority

60. BUSINESS PLAN CONSULTANCY

This business idea is special to us as it is aimed at making entrepreneurs out of students. Entrepreneurship is in, if you’ve got business experience, you know how to pen a business plan, you can work with student entrepreneurs seeking


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