Need some startup ideas from experts how to start small business and convert them into big
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If you searching for Startup Idea then here it is start reading Here 100+ Small Startup Ideas
1. Web Hosting Company
2. Online Freelancing - Data Entry, Content Writing
3. Web Designing and Coding
4. SEO Services
5. Amazon, eBay & Flipkart Seller
6. YouTube Business Idea
7. eBook Writing and Podcasting
8. Desktop Publishing
9. Online Tutoring and Consulting
10. Breakfast service
11. Handyman
12. Hospital caregiver
13. Real estate agent
14. Homemade sweets & savories
15. Pickles, jams & sauces
16. Mobile phone repairs & allied services
17. Beadwork jewelry idea
18. Clothes alteration business idea
19. Spice powders
20. Start Paper bags business
21. Homemade chocolates idea
22. Decorative pottery business
23. Stock/Forex Trading
24. Insurance Agent
25. Papad & sago fritters
26. Mail sorting business idea
27. Idea to start a cooking class
28. Computerized horoscopes
29. Coaching classes
30. Business idea to open a stationery supply
31. Herbal body & skincare products
32. Plumbing services
33. Electrical maintenance
34. Circulating library
35. Meal delivery (Tiffin services) idea
36. Exotic bathing soap
37. Incense sticks (agarbatti)
38. Fresh vegetable juices
39. Health drinks
40. Air-conditioner and refrigerator maintenance
41. Crèche business idea
42. Ghee, cottage butter and paneer
43. Furniture repairs
44. Mobile garage
45. Vegan ice-creams
46. Aquarium and decorative fish
47. Mushroom harvesting
48. Florist Business idea
49. Imported products
50. Digitizing old videos and audios
51. Signboards
52. Painting buildings & houses
53. Maintenance of buildings & houses
54. CCTV cameras business
55. DTH agency
56. Cable TV and Internet distributor
57. Supplying generic medicines
58. Metal fabrication business
59. Pathological laboratory
60. Automobile repairs
61. Accommodation services
62. Food Truck business idea
63. Catering services
64. Event organizer
65. Glamour photography
66. Plants nursery
67. Freight forwarding
68. Plastic recycling business
69. Frozen meat stores
70. Coffee shop business idea
71. Stationery retail
72. Wallets and belt manufacture
73. Fashion boutique
74. Beauty parlor
75. Soda factory business
76. Sports shop
77. Start a Bakery business
78. Detergents & washing powder
79. Business idea to open a Toy factory
80. Medical supplies
81. Travel agency
82. Local tour company business
83. Organic foods store
84. Trucking services
85. Car rentals
86. Cab services
87. Apiary business
88. Food processing business idea
89. Liquor shop
90. Business idea of opening a restaurant
91. Confectionary manufacture
92. Book store
93. Gymnasium
94. Online store business idea
95. Computer classes
96. Bicycle making
97. Ceramic tiles business
98. Oxygen and industrial gases
99. Business idea for opening a Gift shop
100. Antiques showroom
101. Handicraft showroom
102. Coir & foam mattresses
103. Security services
104. Currency exchange idea
105. Spa and massage services
106. Business Process Outsourcing (BPO) call center
107. Financial advisory
108. Interior decoration business
109. Driving school
110. Exports & imports
111. Pest control
and
Many more to add as per individual interests and locality.
Most of the details of your strategy will depend on the market you will be targeting, the actual product or service of your choice and what exactly you'll be trying to accomplish.
Apart from this, some key points fit well with any business start initiative.
1. Find something you are passionate about.
Whatever will be your choice you are most likely going to stick with that for some time. Initially, there will be a lot of things you won't like, or you don't want to do, but you'll need to. So obviously keeping your motivation high will be easier with doing something you like, something that excites you, this can be anything really, just make sure you are honest with yourself and don't fall for the options that sound too easy. Nothing's easy when it comes to business.
2. Don't overthink but get a solid plan and some help
Whenever it comes to do something new, outside of our comfort zone, we tend to procrastinate or even worse to overthink stuff because "it have to be flawless...". Here's something for you to think on: at first nobody gives a d*mn f*ck about what you are trying to do, then they laugh at you, then they are mad at you, then you win!
(quote from M. Ghandi). Put together a team if necessary, surround yourself with people willing to buy into your idea and get all the help you can, Create a solid plan, a business plan. Do your research, who's in your market, who are the users/customers, who are your competitors and how are you going to outperform them, what's your "message" and how you'll execute to get awareness of your brand.
Ultimately, what is going to take to make it work and how do you know is working? Set some milestones to measure your progress and try to calculate the costs to cover and your runaway needs. Create detailed spreadsheets with a projection of your costs/profit for at least 2-3 years in advance.
3. Get funds and start "lean."
By now you got a product/service, a market, a business plan. You know your audience, and you know your competitors and how to outperform them. Now is the time to go out and pitch your idea.
- I'm guessing that by asking this question, you have no business in place and probably no significant funds to invest yourself. Otherwise, you'll probably know how to start a business...-
Thanks to your business plan you now have an educated guess on how much you'll need to start and run for a few months to validate your idea and begin to grow. Get some basics together like a great logo, better if it's a whole identity, business cards, and a website could help but social media are a good free alternative for starters. Do not invest too much in the design at the beginning as you might need to pivot or tweak a few parts of your business machine along the way and sometimes visuals needs to change accordingly.
Get a pitch deck and put together a sound presentation. Practice your pitch with friends and colleagues and when you feel ready to present your idea, plan, and visuals, finding an investor could be as easy as searching Google for a local VC firm or incubator. If You don't feel like going the "VC way," consider your relatives and acquaintances and if there's no one with much cash to invest, consider asking them to introduce you to anyone they could know would be interested. Don't forget about your former employers, teachers, your previous or current doctor, dentist, banker, etc ...
Lastly, depending on where you live, there might be government's funds available for startups and small businesses. For instance, my last effort was built entirely on Government's resources, so check your local government websites as well as your local chamber of commerce, they usually have subscription services to gives you a heads up if and when funds arise.
This is just an overview of my way of starting a business, surely enough there's a lot missing, and the same results could be achieved in a billion different ways. I've done this four times, and I've failed spectacularly at least twice, and here's my last advice: do not let failure get in your way, do not let failure scares you or demotivate you. Instead, use it to learn and grow your business and yourself as a better human being.
Here is the 10 steps to start a small business
There are quite 28 million small businesses within the
us , making up a whopping 99.7 percent of all U.S. businesses, consistent with
the tiny Business Administration. once you consider a number of
the foremost popular reasons to start out a business, including having a singular business idea, designing a career that has the pliability to grow with you, working toward financial independence, and investing in yourself — it's no wonder that tiny businesses are everywhere.
But not every small business is positioned for fulfillment . In fact, only about two-thirds of companies with employees survive a minimum of two years, and about half survive five years. So you'll be certain
a true challenge once you
plan to take the plunge, ditch your day job, and become a business owner. The stage is usually set within the beginning, so ensuring you follow all of the required steps when starting your business can set the inspiration
for fulfillment .
Here are 10 steps that are required to start out a business successfully. Take one step at a time, and you will
get on your thanks to successful small business ownership.
Step 1: Do Your Research
Most likely you've got already identified a business idea, so now it is time to balance it with a touch reality. Does your idea have the potential to succeed? you'll
got to run your business idea through a validation process before you go any longer .
In order for a little business to achieve success, it must solve a drag, fulfill a requirement or offer something the market wants.
There are variety
of the way
you'll identify this need, including research, focus groups, and even trial and error. As you explore the market, a number of the questions you ought to answer include:
Is there a requirement for your anticipated products/services?
Who needs it?
Are there other companies offering similar products/services now?
What is the competition like?
How will your business fit into the market?
Don't forget to ask yourself some questions, too, about starting a business before you're taking the plunge.
Step 2: Make an idea
You need an idea
so as
to form your business idea a reality. A business plan may be a blueprint which will guide your business from the start-up phase through establishment and eventually business growth, and it's
a must have for all new businesses.
The good news is that there are differing types of business plans for various
sorts of businesses.
If you plan
to hunt
support from an investor or financial organization , a standard business plan may be a must. this sort of business plan is usually long and thorough and features a common set of sections that investors and banks search for
once they are validating your idea.
If you do not anticipate seeking support , an easy one-page business plan can offer you clarity about what you hope to realize
and the way
you propose
to try to to it. In fact, you'll even create a working business plan on the rear of a napkin, and improve it over time. Some quite plan in writing is usually better than nothing.
Step 3: Plan Your Finances
Starting alittle business doesn't need to require tons
of cash , but it'll involve some initial investment also
because the ability to hide ongoing expenses before you're turning a profit. Put together a spreadsheet that estimates the one-time startup costs for your business (licenses and permits, equipment, legal fees, insurance, branding, marketing research , inventory, trademarking, grand opening events, property leases, etc.), also as what you anticipate you'll
got to keep your business running for a minimum of 12 months (rent, utilities, marketing and advertising, production, supplies, travel expenses, employee salaries, your own salary, etc.).
Those numbers combined is that the initial investment you'll need.
Now that you simply have a rough number in mind, there are variety
of the way
you'll fund your small business, including:
Financing
Small business loans
Small business grants
Angel investors
Crowdfunding
You can also plan to get your business off the bottom by bootstrapping, using as little capital as necessary to start out your business. you'll find that a mixture of the paths listed above work best. The goal here, though, is to figure through the choices
and make
an idea for fixing the capital you would like
to urge your business off the bottom .
Step 4: Choose a Business Structure
Your small business are often a sole proprietorship, a partnership, a indebtedness company (LLC) or an organization . The business entity you select will impact many factors from your business name, to your liability, to how you file your taxes.
You may choose an initial business structure, then reevaluate and alter your structure as your business grows and wishes change.
Depending on the complexity of your business, it's going to be worth investing during a consultation from an attorney or CPA to make sure
you're making the proper structure choice for your business.
Step 5: Pick and Register Your Business Name
Your business name plays a task in almost every aspect of your business, so you would like it to be an honest one. confirm
you think that through all of the potential implications as you explore your options and choose your business name.
Once you've got chosen a reputation for your business, you'll
got to check if it's trademarked or currently in use. Then, you'll
got to register it. A sole proprietor must register their business name with either their state or county clerk. Corporations, LLCs, or limited partnerships typically register their business name when the formation paperwork is filed.
Don't forget to register your name once you've got selected your business name. Try these options if your ideal name is taken.
Step 6: Get Licenses and Permits
Paperwork may be a
a part of
the method
once you start your own business.
There are a spread of small business licenses and permits which will apply to your situation, counting on
the sort of business you're starting and where you're located. you'll
got to research what licenses and permits apply to your business during the start-up process.
Step 7: Choose Your accounting
Small businesses run most effectively when there are systems in situ . one among
the foremost important systems for alittle business is an accounting .
Your accounting
is important
so as
to make and manage your budget, set your rates and costs , conduct business with others, and file your taxes. you'll
found out your accounting yourself, or hire an accountant to require away a number of the guesswork. If you opt
to urge started on your own, confirm
you think about these questions that are vital when choosing accounting software.
Step 8: found out Your Business Location
Setting up your home of business is vital for the operation of your business, whether you'll have a headquarters , a shared or private office space, or a retail location.
You will got to
believe your location, equipment, and overall setup, and confirm your business location works for the sort of business you'll be doing. you'll also got to consider if it makes more sense to shop for or lease your commercial space.
Step 9: Get Your Team Ready
If you'll be hiring employees, now's the time to start out
the method . confirm
you're taking the time to stipulate the positions you would like to fill, and therefore the job responsibilities that are a part of each position. the tiny Business Administration has a superb guide to hiring your first employee that's useful for brand spanking new small business owners.
If you're not hiring employees, but instead outsourcing work to independent contractors, now's the time to figure with an attorney to urge your independent contractor agreement in situ
and begin your search.
Lastly, if you're
a real solopreneur hitting the tiny business road alone, you'll not need employees or contractors, but you'll still need your own support team. This team are often comprised of a mentor, small business coach, or maybe your family, and is your go-to resource for advice, motivation and reassurance when the road gets bumpy.
Step 10: Promote Your Small Business
Once your business is up and running, you would like
to start out attracting clients and customers. you'll be wanting
to start out with the fundamentals by writing a singular selling proposition (USP) and creating a marketing plan. Then, explore as many small business marketing ideas as possible so you'll decide the way to promote your business most effectively.
Once you've got completed these business start-up activities, you'll have all of the foremost important bases covered. confine mind that success doesn't happen overnight. But use the plan you've created to consistently work on your business, and you'll increase your chances of success
Here is the Steps to convert small business them into big
First, I would suggest you to validate the idea perfectly before thinking about scaling.
While validating the idea, always start with smallest possible unit of a particular business, for ex: If you are planning to start a chain of departmental stores, start with one store and master the art of doing business.
The reason why I would suugest you to start with smallest possible unit is for following reasons:
Trying to scale a business without validating it can be disastrous, you’d not know the operational intricacies of business( which is variable from business to business), you’d not know how to make profits yet etc.
You have to master unit economics of any business before scaling for if you know how to make money on every transaction, you can scale the number of transactions to scale up the profits.
Now, that you know what requires to be done before scaling, when you are sure done with validation of your model. figure out the channels that can be used to scale business, (variable for each business) and keep multiplyinh it over and over again till the channel is no longer useful to scale.
Note that, scaling is what separates you from being a small player to a global player and it can’t be easy. Difference between your neighborhood store and amazon is that amazon scaled while your neighborhood store didn’t have a model that can be scaled.
Again while thinking about scaling, you have to figure out the model that can be used to scale in the most efficient way possible.
Let me explain that by giving you an example of any random departmental store(which is located at one/two location) (let’s assume it “Store A” ) and a departmental store chain that scaled(ex: Walmart).
The reason why Store A hasn’t been able to scale is majorly because it’s usually run by a business owner himself and he can’t create a mechanism where he can trust any other person(store manager) to run the show. Since he doesn’t know how to delegate and also he can’t be present at multiple locations, he chooses to keep it at one location.
If he decides to scale the business, he has to start with creating processes for everything that is a moving part in the business, Like, procurement, quality control, Human resource management, sales, marketing and advertising, etc. If he can figure out processes to run the show independently, he is good to scale.
Again, scaling has various levels. Processes used to scale from 1 store to 10 stores may not be same as processes that needs to be figured out to scale from 10th store to 100th store, so the entrepreneur/businessman has to be constantly looking at the business and modify processes from time to time.
Best of luck for your business