Some Ideas for Profitable Small Business
If you want to do any business, you have to think about capital first. Because capital is the lifeblood of business. But in business, the bigger thing than capital is entrepreneurship, entrepreneurship, hard work, honesty, intelligence, courage to take risks and so on.
At present, one-third of the total population in our country is young men and women. But many young men and women in our country want to do business nowadays.
But it is not possible to do business as most of the youth have less capital. So we need to have an idea about profitable business with little capital. Then we can start a profitable business with less capital and be successful.
Business Entrepreneurship and Entrepreneurship in Socio-Economic Development
Knowing the potential for loss and risk in the hope of making a profit, the business initiative is to move forward firmly and manage successfully to establish the business.
And the one who takes the initiative of the business is the entrepreneur.
The role of business and entrepreneurship is important in the economic development of any country. Nowadays, the active role of entrepreneurs is the basis of economic prosperity and development of developed countries.
In a country with a large population like Bangladesh, the need for socio-economic development and job creation and business entrepreneurship and entrepreneurship is undeniable. Such as -
1) Investment can be increased by setting up industries in our country by ensuring proper use of natural resources and human resources through a combination of entrepreneurship and entrepreneurship.
2) Increases national income through business ventures.
3) Employment opportunities are created in the country through the establishment of industries through the government as well as entrepreneurs which eliminates the problem of unemployment.
4) Bangladesh is a populous country. Entrepreneurs can transform the unskilled population in the country into skilled human resources by engaging them in productive work.
Suitable fields for small business
We all want to do something all the time. We all think about how to increase income by doing something new, how to improve by doing business with less money, how to start a new business with less capital, how to start a low risk business with less capital and so on. In this case we need to have an idea about the profitable business of low capital. Such as -
1) Business of consumer goods - There is a lot of demand for consumer goods in our daily life. So with a little money, the business of daily use products can be run profitably. For example - grocery store, stationery store, pharmacy, etc.
2) Products with local and limited demand - In case of small business, the capital is less so the amount of risk is less. Businesses with local and limited demand products can be run profitably with less capital, such as fish, meat, vegetables, etc.
3) Low risk business - less risky but there is enough potential for profit, in which case flour, meal, rice, rice, etc. are suitable for small business.
4) Business of perishable goods - The amount of loss in the business of some products is much less than the profit. In that case milk, eggs, fish, vegetables, fruits etc. can be profited with less money.
5) Trade in agricultural products - Bangladesh is an agricultural country. So in this country you can earn a lot of money by trading agricultural products with less capital. For those who want to start a new business with less money, these low capital businesses are suitable.
6) Direct Service Providers - Business organizations involved in direct service to customers are organized and run on a small business basis. Such as - salon, laundry, beauty parlor etc.
The advantage of these businesses is that it takes less time, less money and less risk.
6) Demonstrate personal craftsmanship - Some small businesses can be successfully managed by displaying personal craftsmanship. Such as - painter, blacksmith, potter, goldsmith etc.
6) Cash sales - Businesses that have a large amount of cash sales can be formed and run with little or no money. Such as - sweet shop, tea - snack shop etc.
9) Temporary business - A business that is temporarily developed in a particular season is run as a small business. For example, businesses that are directly involved in customer service are organized and run on a small business basis.
Such as - salon, laundry, beauty parlor etc. The advantage of these businesses is that it takes less time, less money and less risk.
10) Products with variable demand - It is convenient to manage the production and distribution of products whose demand is always changing through small business. Such as - clothing making, furniture store, etc.
As the demand for these products changes rapidly, it can be successfully managed as a low capital and low risk business.
In short, in a country with a large population like Bangladesh, business is the only means by which this population can be transformed into human resources. But the first thing that comes to mind when doing business is capital. We think that more capital can make more profit.
But successful business is not just about capital. It requires a combination of business initiative, hard work, honesty, ability to make appropriate decisions in any situation, intelligence, etc.
At present in our country, young men and women are showing more interest in starting new businesses. Therefore, in this case, it is possible to build skilled entrepreneurs in the country if we all have the support of the government.
Entrepreneurs will be able to give everyone an idea of how to make a profit by doing business research in the country. In that case low capital investment is suitable for those who want to start a new business and make a profit.
Because there is less capital, so the risk is less but the profit is relatively higher.
So those who are thinking of starting a new business should be successful with low capital business and plan big business. It will be your experience and business can be run profitably. Small business idea
Money for new business
After starting a new business, the main concern of entrepreneurs is to raise money for it. And how to raise money to keep the business going,
If you don't know this, any new entrepreneur is in danger.
This time the writing is for such entrepreneurs. There are eight ways to raise money for a new business.
1. Own money
Many entrepreneurs have set up successful businesses in their own right. If you can start a business by collecting some money by yourself, you can stay in the most despair.
And it is known as a fundamental way to start a business. This method can be quite effective in starting a low cost business.
But if the cost is high then you have to look at other sources. And before taking such an initiative, one has to calculate the cost of living as well as the cost of living.
2. Business loan
Banks around the world lend to businesses. And it is difficult for a new business to take out such a loan, but it is not impossible.
It is also possible to get a loan if you can meet all the needs of the banks. In this case, your image and identity in professional life can come in handy.
In addition, a well-done business plan can help to satisfy lenders.
3. Personal loan
Entrepreneurs have to try their best to sustain it after starting a business. And one of these efforts may be to invest in a business with a personal loan.
Many people invest in business by taking loans to buy their own house or buy a car. In addition, family members in such situations
Many try to borrow from friends. In this case, some caution is needed in raising money. Those who may need money quickly,
It is better not to take money from them. Because it can take you many years to repay the business loss.
4. Financial incentives and support
If you are planning to do a great business, you can also look for financial incentives or support. Governments in many countries provide such assistance.
In many places, there is no direct funding, but there is support in other ways. Simple policies, tax exemptions, easy business space,
Capital assistance, assistance in transportation of goods or assistance in finding buyers.
5. Austerity
In the early stages of business, entrepreneurs can achieve austerity in many ways. Cost as little as possible with a lot of hard work and talent
Doing business is such an initiative. This requires experience and prudence.
. Government assistance
In many countries, including Bangladesh, the government provides new entrepreneurs and helps businesses in certain areas of business.
Apart from this, there is a system of training of traders as well as lending of money.
. Find investors
If you come up with something out of the ordinary, then they have to re-think their position.
And in this way you can raise money to run the business well and you can achieve success quickly.
If you find new investors, you must be willing to share ownership of your business. And investors usually come to the forefront of high-growth businesses.
This may include technology, biotechnology or alternative energy.
. Public money collection
There is a system called Crowdfunding Network, which helps raise money for all the great ideas.
And the common people pay for it. If you have a great creative idea, you can take their help.
Also, if you have a good reputation, it is not impossible to raise money for business from strangers. Small Business Ideas
Some more business ideas
Business has to be done by setting ideas in the socio-economic and cultural context of Bangladesh.
Just as a good idea can bring success to an entrepreneur, so a stupid idea can bring success.
We have to think of good and evil and move forward with a firm mind. We will not say anything here about which idea is good or bad, we will say your own idea is the best idea.
So always come up with ideas, and to see them flush it out, it's really fun.
Here is a quote from Bill Gates:
"Innovation is the heart and soul of a business"
- To stay ahead of the game, or even stay in the game,
you have to keep innovating.
1. Cosmetics Consultant.
2. Photography.
3. Party service.
4. Customized product business.
5. Green Energy Distribution.
. E-commerce business.
. Collection of women's garments.
. Advertising agencies.
9. Merchandising business.
10. Apartment preparation services.
11. Photographer.
12. Auction business.
13. Bicycle renter.
14. Bridal Consultant.
15. Broadband and Wi-Fi service.
16. Maintenance service.
16. Commercial cleaning service.
16. Computer and fridge maintenance service.
19. Computer programmer.
20. Automobile service.
21. Courier service.
22. Day-care service.
23. Event planner
24. Food Item Manufacturer.
25. Gift basket business.
26. Home Health Care Service.
26. Jewelry designer.
26. Laundry service.
29. Newspaper delivery service.
30. Pool business.
31. Rare book dealer.
32. Translation Service (Home to Company).
33. Travel Agent
34. Silk Flower Arranger.
35. Fruit Shop Business.
36. Solar panel cold storage.
36. Grocery Home Delivery Business.
36. Energy saving lamp business.
39. Supply of pasteurized milk at home.
40. Home-to-home laundry service.
41. Fresh raw market
42. Clothing bag business.
43. Paper bag business.
44. Screen print business.
45. Business of making plastic toys.
46. Chanachur production.
46. Clay jewelry production.
46. Business of liquid soap (dishwashing).
49. Various pickles, tomato ketchup production business.
50. Water Tank Cleaning Business.
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