Many people dream of becoming business owners or entrepreneurs, but high investment required often makes it unaffordable for many. As a result, they abandon their entrepreneur plans. To help those entrepreneurs, we make a list of small business ideas which you can start under INR 10 lakh.
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The success of the business relies heavily on the time and effort you invest in it. A Business doesn't grow on its own; you need to find creative methods to keep your business running. There are numerous ways to expand your business, Such as advertising and promotional companies to market it, identifying your target audience and discovering a niche. All these factors contribute to building a successful business.
Best Business Ideas Under 10 Lakhs Investment In India
List of Business to start with 10 Lakhs Investment In India.
IT or gadget store
An IT or gadget store is one of the best businesses under 10 lakh. Almost everyone owns a laptop and phone or other electronic devices, making the demand for gadget stores extremely high. You can offer products such as headphones, mobile phones, home theatre, speakers, gaming gadgets, VR systems, cameras, and many more. With the rising demand for tech products, it's the best time to start an IT store or gadget store.
The investment needed to start a gadget store ranges from INR 7 to 8 lakh, leaving You with some funds to stock the latest and cool gadgets in the store. The return on investment typically takes around 6 to 8 months. Like any business, it takes time to establish, but with the growing demand for gadgets, this can be a highly profitable business to start.
Cleaning business
Another promising business idea is starting a cleaning business. It is a small business idea which you can start from home. Cleaning is a necessary task for every household, and while It might seem unconventional, it can be a highly profitable business to start. You can begin by offering your services in a few places and gradually expand as your profits grow. You can take contacts for cleaning homes , commercial complexes, event halls, water tanks, wedding venues, and more.
Catering business
The catering business is one of the most popular small investment opportunities. India is known for its rich spices and traditional food for Every occasion. The food and catering business are evergreen making them a stable choice. You can start a catering business to offer a culinary experience within a limited budget. The investment required typically ranges between INR 5 to 8 lakh.
Travel business
People are increasingly willing to spend their savings on vacations and holidays. They often seek the help of guides or travel planners to provide them with the accurate information and recommendations on places to visit. With the rapid growth of the travel industry, It is the best opportunity for you to start a travel business.
If you have travelled extensively, enjoy travelling, or have relevant information about the best places for vacations, starting a travel business is one of the best business ideas. The investment required to start a travelling business is under 10 lakh. It is one of the affordable business ideas.
Fitness centre
There are lots of people who know the importance of a healthy lifestyle, making it essential to maintain a good healthy body. If you are interested in fitness and a healthy lifestyle, Starting your own fitness centre could be the best business idea. You can easily start with a small investment. To start this you need capital between INR 8 to 10 lakh.
A fitness centre needs various types of equipment, such as cardio equipment, weightlifting tools, and other fitness gear. There are many shops and places where you can find second-hand and affordable accounts for your fitness centre. This can help you save money for other business operations.
Conclusion
Setting a business requires through market research and identifying your target audience. A solid business plan is essential for growth. There are lots of business ideas which you can start with 10 lakh. Some options include spa services, water purification units, online stores, online advertising business and fitness centres, and more.