Top 10 Business Plans
Following this, you will need to pay rent for shop-space.
Other than this, the only other investment you need to put your money up for is for the purchase of the raw materials, supplies like machines for making the juice, and the salaries of the employee(s) making the juice.
Image : shutterstock The reason to stress on these remarkable entrepreneurial stories is because they provide an important lesson for all those wishing to embark on a similar journey – that a single great idea is the most important step to creating a game-changing business.
And sometimes, if you plan it well, these ideas can build you a company at the lowest initial-costs while getting you the highest possible returns.
While names like ‘Ovenfresh’ have taken years of hard-work, recruitment, and funding to reach where they are today, it only goes to show that the market is ripe for online food-based services, especially in the realm of baked foods.
Professional blogging requires only a minimal start-up cost.
If your rent is within Rs 5000 a month, you can dedicate the rest of your budget on buying groceries and other raw materials as well as second-hand tables and chairs.
Also read: 100 ideas for making money online with a budget under Rs 5,000This is possibly one of the most cost-effective businesses to launch, due to its near zero starting cost requirement.
The most cost-effective measure to open up a home-based travel agency is by tying up with a host-agency.
By doing so, you will receive the benefits of pace (helping you get your ARC, CLIA, or IATA number faster), convenience (they perform all the ‘back-end functions’), and help you earn higher commissions and keep your costs low.