Thursday 30 June 2016

Small Business ideas with low Investment

Today we find several dynamic and young individuals who are aspire to start new business and they are always looking for the Business Ideas with low Investment. So, here are 6 Small Business Ideas with Low investment.





1)  Mobile Food Shop: Today we are living in mobile generation staring a new mobile food shop is a good idea as it require low investment also there is no need of several employees as well as business owner have more Independence when it come to when and where they will sell their food.





2) Travel Agency: Starting a Travelling Agency is good business opportunity with low investment for instance: Many Students want to go to abroad for their further studies which shows that there is huge market for travel agency.





3) Courier Company: One can start a small courier company or can do tie up with exiting courier company and start you business there are number of courier company that are running good business worldwide for example: DHL, FED EXPRESS etc.







4) Advertisement Agency: Starting an advertisement agency is an evergreen business opportunity which can earn you big money. There are main 5 types of advertisement agency like Interactive Agencies, Media Buying Agencies etc. From which you can choose and start keeping in mind your interest and availability of capital.




5) Web Designing and Hosting: Web designing is becoming a modern art form. If you have knowledge about various IT tools and programming languages you can opt career as web designer and later on can expand this small business.





 6) Small Grocery Shop: Starting small grocery shop is another good idea here you do not require any special skill and you may start from small shop and gradually expand as per need.







There are alot of small businesses that you can start with small or no investment like:
  • Computer Trainer
  • Starting On line Blog
  • Security Agency
  • Recruitment Agency and many more..
For more information regarding small Businesses you can visit to the link mentioned below:
50 Small Business ideas: https://www.youtube.com/watch?v=koo3Xx5Qu0c

References: http://www.concessionnation.com/build-a-food-trailer-info-the-advantages-of-mobile-food-business.html
http://money.usnews.com/money/personal-finance/articles/2013/08/07/the-costs-and-benefits-of-running-a-mobile-business
http://managementstudyguide.com/advertising-agencies.htm











Wednesday 29 June 2016

Small scale businesses: Market Share, Advantages and Disadvantages and Main Objectives.

"Whether the scale of production is Small, Medium or large, the size of the business depends on various factors like Availability of finances, managerial ability and efficiency expectancy."
It's never easy to decide the size of the business unit, One needs to see the connection of the extent of a specific business with proficiency and additionally see whether that specific size fits well in that specific social structure or not. All these questions must be keep in mind before deciding the size of business unit.
 Small business are the major suppliers in the market as compare to large business the pie chart mentioned below shows that Small business contribute to 44.1% of the total market share whereas large only 9.9%.


     Advantages and Disadvantages of small business:



Main Objectives of Small Scale Business:
  • To create more employment opportunities with less investment.
  • To remove economic backwardness of rural and less developed regions of the economy.
  • To ensure equitable distribution of income and wealth.
  • To improve standard of living
  • To mobilize and ensure optimum utilisation of unexploited resources of the country.
In the next post I will be discussing the Ideas for small Businesses with small investment.

References:
http://yourbusiness.azcentral.com/10-important-business-objectives-3840.html






Monday 27 June 2016

Business: An introduction


Why do people start a small business? Some want to spend more time with family, and starting a business allows them to do that. Some find it exhausting to be outside the house all day, co-workers, meetings. Some people hate answering to a boss all the time. Some people are unmotivated by the security of a regular paycheck and prefer the challenge of the direct rewards or losses that entrepreneurs see from their efforts. Before starting we should know what exactly the business is so, Business is an occupation, profession , trade or an organization in which basic resources, called inputs, are assembled and processed to provide goods or services, called outputs, to customers. People who are engaged in business activity are called Entrepreneurs or Businessman.
 Business ownership can be of four types:

  

   

 

 

 


Types of Business Operations:


1. Service Business: A service company is a business that generates income by providing services instead of selling physical products. A good example of a service company is a public accounting firm. They earn revenues by preparing income tax returns, performing audit and asset services, and even doing bookkeeping work. It include, but not limited to:

·         Transportation

·         Hotel, Banking

·         Consultation etc.

2. Merchandising Business: A merchandising business, sometimes called merchandisers, is one of the most common types of businesses we interact with daily. It is a business that purchases finished products and resells them to consumers. Think of the last time you went shopping for food, household items, or personal supplies. Example of merchandising Business:


·         General merchandise such as grocery store and retail business

·         Apparel stores

·         Online stores such as Amazon.com, iTunes.com, Audible.com, eBay, etc.


3. Manufacturing Business: A manufacturing business is any business that uses components, parts or raw materials to make a finished good. These finished goods can be sold directly to consumers or to other manufacturing businesses that use them for making a different product.

·         Computer and electronic manufacturer

·         Car, trucks and vans manufacturer

·         Shoe and clothes manufacturer
 

 
REFERENCES:
http://www.investopedia.com/university/small-business/
http://www.accountingverse.com/accounting-basics/types-of-businesses.html

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