If you’re tired of sitting in a 6×6 cubicle and working 9 to 7, a small-scale business is an excellent alternative. Many young and energetic hopefuls aspire to start their own business with very little capital. Many of these start as small business ideas from home and reach impressive heights in no time.
Small scale business ideas are of various kinds and carry immense potential. In comparison to a standard sized business or corporation, a small scale business is defined as an enterprise or corporation with a modest initial investment, a limited number of workers, and a low sales volume. It is usually a lone trader kind of business that is generally privately held. From the list of small business ideas in India given below, you can select the small-scale business ideas which suit your domain of expertise or interest. These small business ideas are suitable for everyone, regardless of their educational background.
Do you love baking? Do you find yourself binge-watching baking competitions on TV, thinking you could compete for the ultimate prize of a bakery of your own? Then you should think about making money from your talent to create delicious goodies. Baked goods shops have been increasingly popular in recent years, although they’ve been around for a long time. Home baking is one of the most successful small business ideas. Food service businesses are normally governed by your state’s occupational or health department, so check out what the regulations are in your state governing the selling of baked goods and make sure you follow them.
You could spend your investment on equipment and appliances like a high-quality oven, microwave, stand mixer, mixer grinder, refrigerator, baking molds etc. If you’ve decided to run the business completely from home then you could save up the extra rent money and spend it on marketing or customer acquisition.
2. Personalized Gifts Business
Personalized presents allow recipients to commemorate significant dates, happy occasions, and unforgettable events. Personalized gifts may range from individual ideas like photo frames and keychains to group presents like commemorative gifts, and can give a viable business option for people with creativity and perseverance.
Personalized gifting is one of the most interesting small scale business ideas. When starting your personalized gift company, think about all of the alternatives for personalizing presents, such as engraving, etching, and painting. To achieve long-term success, start by focusing on your overall business goals and future activities. Get the goods and equipment you’ll need.
For supplies relating to your business, look for wholesalers in your region. Paints, brushes, embroidery thread, and cloth are examples. Find providers for glassware, pottery, and wooden decorations, among other items. Purchase engraving and embroidery machines based on your company’s demands and design.
3. Organic Farming
Organic farming is a great small scale business idea. Many farmers have moved from traditional farming to organic farming with the aid of mobile farming apps as the market for organic products grows. People have begun or plan to begin producing organic produce on their balconies, terraces, or farms.
While the end product of an organic farm may seem appealing, the process of establishing and sustaining the farm is difficult. It requires a lot of effort, patience, perseverance, and a lot of hope. An organic farm requires a lot of attention, but the fruits (and veggies) of a farmer’s effort will be available to pick in due time.
4. Baby Care Products
Baby products can be one of the most sought after small scale business ideas in India. Parents do not compromise when it comes to their children’s safety, thus you cannot take any chances when running the business. To lead an organization that cares for children, you must have a lot of experience.
Before you start the business make sure you have all the required certifications for the business as well as yourself. You need to be aware of the composition of products as well as each step of manufacturing and logistics. You can also start by getting a franchise and gaining the required knowledge. Baby care products business has seen a huge rise over the past few years. Although the competition is huge, it is a brilliant sector to tap into. Once your products start being liked by parents, there is no looking back. Word of mouth plays a very essential role in baby products.
5. Candle Making
Who doesn’t want to come home to a home that smells fresh and inviting? This appears to be possible with a candle, with an aesthetic look. In India, the candle market is booming. Many people purchase these candles without hesitation because they are inexpensive and make excellent gifts. As a second inning, designer candles hit the market. They are ideal for use in residences, restaurants, hotels, gatherings, and rooms, among other places. They have the ability to heal and disperse aroma across a space.
Candles are best used in bedrooms because of this. Candlelight dinners are also in high demand. From a little room to a well-managed production, you can build your business. You can build candles in any form, size, or pattern you like. When it comes to starting a business, the largest stumbling block is money. However, the candle industry has brought a new light of hope.
The purchase of standard machines and raw materials for a candle-making enterprise requires only a little amount of capital. You can start the business with an investment as low as Rs. 10,000. You’ll need to spend money on oils, wax, brushes, and molds, among other things. Most essential, put money into attending classes to learn how to make candles.
6. Pet Care Products Business
Having a pet has long been a popular method for individuals of all ages to keep company. They’re also useful for keeping children or parents company as they get older. Pet adoption has increased as a result of the Covid-19 issue. The majority of people are at home, and many have taken on a pet to keep them company. As a result, the pet-care sector has been steadily growing at a rapid pace.
Globally, the pet care industry is worth roughly $ 53 billion and is predicted to grow to $ 64 billion by 2024. The pet care sector in India is valued Rs 2524 crores and is increasing at a pace of 17% per year. Pet care retailers are set to gain, since pet care goods are one of the most popular categories for purchases this year. So pet care products business ideas are one of the fastest growing and successful small scale business ideas.
Get the required certifications before you start your business. Make sure the people you work with have a thorough understanding of the pet industry and the related products.
7. Salon Services/Hair care Products
In 2018, income from hair salons was more than $46 billion. And the market is still expanding, giving it an ideal opportunity for beauty-related businesses. In reality, rather than large, national rivals, the sector as a whole is dominated by small enterprises. The cost of a hair salon might vary greatly based on your size and location. A small salon in a desired area, for example, may cost a few thousand rupees, but a large salon in the same area may cost more. If you want to start a salon with no money, you’ll need to get some finance to pay your supplies at the very least.
You can sell customized hair care products if you wish to take your business to the next level. Besides, you can also take up a franchise of hair care products of well known brands like Matrix, Lakme and Loreal Paris. Hair care products are used by everyone, big or small so it’s a great business to invest in.
8. Organic Cosmetics Business
Are you an entrepreneur who wants to establish your own organic beauty products company? Then you’re on the right road, since natural products are gaining popularity among clients all around the world.
According to Grand View Research, the worldwide market for natural skincare products was valued at Rs. 7,86,41,49,000,000 in 2019. From 2020 to 2027, the market is expected to increase at a CAGR of 5%, according to the report. So, what’s the big deal about the organic sector’s unexpected boom? People are becoming more conscious of the environment, climate change, and environmentally viable solutions.
The next stage is to figure out where to get the money for the start-up. A sum of roughly Rs.2-5 lakhs would be a good starting point. You can either invest your own money or seek loans from banks or financial institutions to help you grow your business. If your company does very well in its first few years, venture capitalists may be interested in investing.
9. Antiques Business
For those who can connect with it, history is an endlessly perplexing area. People have a strong desire to acquire historical relics. Apart from museums and monuments, a real antique shop is one of the most intriguing sites for such individuals. A sophisticated audience is presented with an assortment of well picked relics from a bygone age by an antique store. The company has an old-world elegance about it, and it also serves as a platform for Indian artisans.
Most antique dealers specialize in one area, such as vintage jewelry, lamps, one-of-a-kind mattresses or bedside tables, and so on. Opening an antique store can be a low-cost company if you wish to trade reasonably affordable products and want to be an antique dealer part-time. To get started, you’ll need to purchase an inventory. It’s a weekend project that you can do.
If you want to build a huge business, you’ll need to invest a lot of money in purchasing or leasing the land, setting up display spaces, and purchasing high-priced merchandise. You’ll need a large credit line to cover the antique store’s continuous costs. You will also have to invest money on the upkeep of the display area.
10. Fitness Products Business
Fitness training has a huge market that comprises people of different ages, body kinds, and ambitions. Increased awareness of the value of fitness has proliferated the business, which is predicted to increase by 10% by 2026.
People are always seeking methods to improve themselves, and many of them resort to supplements to do so. These supplements are created and marketed by supplement companies, but they are not manufactured by them.
The supplement sector is vast, powerful, and full of opportunity. In-store sales of vitamins and supplements have grown at a respectable 4.5 percent each year, while online vitamin and supplement sales have grown at a rate of 12 percent per year. These sectors generate more than $30 billion in yearly revenue and employ over 100,000 people.
At first, concentrating on a narrow niche may appear paradoxical. However, if you are successful in doing so, you will be able to remove the majority of your competitors and get more clients. You should also use social media to advertise your website and blog. You’ll have a better chance of getting more clients if you have a social media following. It’s one of the most efficient ways to reach out to those who require your products.
11. Homemade Chocolates
Who doesn’t love chocolates? If you want to establish a handmade chocolate business, the sector is booming with opportunities as well as competitors. According to statistics, roughly 228 thousand tonnes of chocolate are consumed annually.
Obtaining a license and registering your business is a critical first step. Complete your registration and receive your shop’s license as soon as you’ve decided on a location for your handmade chocolate company. As a result, your presence in the region will be lawful.
After you’ve registered your chocolate business, you’ll need to receive an FSSAI license, a trade and GST license, an import-export code, and trademark registration, among other things. Only after registering and obtaining the relevant licenses and certifications will your business be legitimate and run properly. Your initial investment for a small scale business can start from Rs. 2-5 Lacs and you can expect to make between INR 30000 and 1 lakh per month on average.
12. Handmade Soap Business
People have learned the value of utilizing natural and handmade items that are good for their health and skin throughout the years. As a result, there is already a sizable market for organic or natural, handcrafted soaps, particularly in India. Let’s have a look at the full soap-making idea in India. Individuals in the soap-making company may expect to earn between INR 20000 and INR 80000 per month on average.
Because there is already a need for soaps on the market, this would be determined by the total number of markets you might capture. Health-conscious consumers and a growing knowledge of the benefits of utilizing natural and organic goods make it simpler for businesses to sell handmade soaps, which may result in a large profit margin if done correctly. You may even make more than 1-2 lakhs per month in a well-established medium-sized soap-making firm.
13. Processed Meat Business
In India, a meat processing firm involves careful planning as well as the acquisition of several licences and permissions. When it comes to meat output, India has surpassed the United States. Meat has become a highly consumed cuisine in India as Indian customers have been more cognizant of include protein-rich foods in their diet. In the form of a partnership firm or a sole proprietorship, you can start your business as a small scale or medium-sized meat processing facility. This can be one of the best low investment business ideas with a comparatively good return.
If you wish to start your meat processing firm as a partnership, you’ll need to register as a Private Limited Company or as an LLP. For running a meat processing business in India, all meat processing firm owners must get an FSSAI licence as well as additional licences. They must be prepared to face legal consequences if they fail to obtain the requisite permits. When it comes to picking animals and raw resources, use caution. You should also check if the animal source is close to the meat processing factory. As a result, cattle will not have to travel a great distance.
14. Dairy Business
Opening a dairy farm, often known as a “All Season” company, has always been a profitable concept for many entrepreneurs, owing to the fact that there will always be a need for milk in India and throughout the world. India’s milk output is increasing at a rate of 3% to 4% each year. As a result, the dairy farming industry is transforming into a lucrative commercial venture for entrepreneurs.Entrepreneurs who want to establish a dairy farming business (on a modest scale) should start with fewer cows or buffaloes. Depending on demand, the number of animals might be expanded at a later stage.
By establishing his or her company as a sole proprietorship, partnership, private limited, public limited, limited liability partnership, non-profit organisation, and so on, the business owner will need a company registration certificate. Because it is a high-demand company, marketing costs are substantially lower than the investment necessary in animal husbandry. According to current research and investment market analysis, the investment range for starting a small-scale dairy farm in rural or urban regions of India is roughly Rs. 10 lakh to Rs. 20 lakh.
15. Seasonal (Dry Fruits) Business
In India, a dried fruits franchise or company concept is particularly appealing since it produces big volumes and has strong financial backing. Once you’ve established a reputation in this industry and have been in operation for a certain period of time, you may expect a profit margin of 15% to 20%.
Because the dried fruit types are a bit pricey, you’ll need to invest between Rs. 3 lakhs and Rs. 5 lakhs to get started. This money will be used to start a small dried fruit business. You can also start a large-scale company, although this might be dangerous. So, start small to build a brand, and then expand to a larger scale.
16. Sweets and Mithai
Everyone, from youngsters to adults, enjoys sweets. It’s also a terrific idea to open a sweet store if you enjoy sweets and have a passion for crafting exquisite sweets.
One of the most crucial things to remember before diving into the topic is that the sweet shop industry is already a competitive and saturated sector. Compile a list of all the monthly expenses that your sweet store may incur. Staff pay, raw materials, equipment prices, power, rent, furniture setup charges, extra expenditures during an emergency, and so on are all included in a well-aligned budget plan. The variety of sweets produced is also influenced by the geography.
For example, if your business is located in India’s Bengal state, you may be required to offer the majority of Bengali sweets. You can retain a limited quantity of additional top-selling treats based on sales estimates. As a result, before opening your sweet store, think about the location. You may save money on brand promotions and marketing by partnering with a well-known franchise. You’ll get a well-structured business plan, as well as help with personnel, recipes, and other issues from franchise specialists. Obtain the necessary papers, such as the licence, registration, and certificates of approval from the tax authorities, the power board, and so on.
17. Papad and Pickles
The pickle-making company is a profitable venture that takes relatively little cash and labour. It’s a fantastic business that you can start from the convenience of your own home. The first step is to figure out what kind of pickle you want to make. Lemon pickle, chilli and garlic pickle, mango pickle, carrot pickle, mixed vegetable pickle, fish pickle, cabbage pickle, and so on are just a few examples of pickles you may make.
You’ll need a manufacturing infrastructure in place before you can start production. Before you start creating pickles on a large scale, get the required food and business licences. The basic investment can be as less as Rs.10,000. You have the option of making pickles at home or hiring a specialist production facility. You will, however, require apparatus to assist you in the pickling process.Because it has a high earning potential, you should consider it.
You must concentrate on the packaging before selling the pickles to the consumer. Pickles can be stored in glass, plastic, or any other medium that can hold the completed product. The packing material you choose is determined by your budget, shipping needs, and pickle production preferences.
18. Masala Making
We Indians are obsessed about food, and spices play a huge role in our festivals, festivities, and even day-to-day lives. India is the greatest spice user, producer, and exporter in the world. We manufacture over 75 of the 109 kinds recognised by the International Organization for Standardization, accounting for nearly half of all spice trade worldwide.
Powdered spices are easy to use and save time and work while cooking a variety of delectable dishes. Powder spices are used on a regular basis in every commercial food industry, including hotels, restaurants, catering businesses, and many more.
Spice powder makes it a simple and successful company to begin, and it can be started with a modest investment of Rs. 50k-1Lac. Firm registration should be done according to the size of the business, whether it is a Pvt. Ltd., a partnership, or a one person corporation. GST registration is also required in order to obtain a GST number, which is required. Obtain a trading license from the FSSAI and apply for a trademark, BIS certification, and IEC certification. It’s a good idea to get AGMARK certification.
19. Fast Food Parlor
Starting a food parlour company takes a lot of time, work, and, most importantly, enthusiasm. Fast food is food that is mass-produced and supplied to clients rapidly. It often comprises of pre-cooked meals that are kept on hand for when a client arrives. Other semi-prepared components include frozen cooked meat, boiled and cut veggies, and so forth. As soon as the orders come in, the cooks create the food in a flash, serve it to dine-in guests, and pack it for take-out. The following things can be found on a fast-food menu: Burgers, fries, fried chicken or fish, pizzas, ice cream, and so on. Fast food is packaged in a bag or wrapped in plastic with a recognisable brand logo.
You should open your fast food restaurant in a crowded area, such as a market, to attract clients. The location should be wired for power, gas, and water. Grocery items must be readily available. The planned cooking space should have adequate ventilation to allow exhaust smoke to escape.
You must register your store with India’s Food Safety and Standards Authority (FSSAI). They will provide you a licence to operate in a certain state for a period of 12 months. You must carefully design your food shop after renting a location. Fast food restaurants are popular hangout spots for families, thus it should be kid-friendly. You may include kid-friendly menu options and play places in your design.
Whether it’s cakes, pies, donuts, cookies, or sweets, the demand produced by consumers is enough to give you an indication of the profits made by bakeries. If a company sells many sorts of bakery foods, the statistics are much higher. Before you can start your firm, you’ll need to secure a number of licenses.
Apart from that, you’ll need a variety of equipment like ovens, bowls, mixers, trays, deep freeze, gas cylinders and utensils in addition to a good stock and supply of raw materials like flour, eggs, milk, cream, butter, yeast, fruits, assorted colours, baking powder and sugar to assist you process the baking goods further at each level. The initial investment for a small scale business may range from Rs.80K to 3L. The required workforce for starting a small-scale bakery business would be roughly 2 to 4 persons with some basic bakery skills.
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