Need Expert Advice?Our Gurus Can Help

Answered on Sep 27, 2023

Question by Godwin - Sep 19, 2023

Hello Sir, please suggest/guide/advice me (with your experience in e-commerce/retail) as to whether a new/latest arrivals "trending" products-only discovery (e-commerce) platform with "real time alert feature" will have a large potential market in Indian ecommerce users landscape? Godwin Voiz Chattarpur Enclave ph 2 New Delhi

Ans: Yes.. discovery and curation is important and can work as an offering. However you will have to make the recommendations as per the interests of the customers , using AI/ ML based tools. Personalisation of recommendations will be most important.

(more)

Answered on Sep 27, 2023

Question by Anil - Sep 21, 2023

I have over 20 years of experience in the quick service restaurant and cafe business, have practically worked in all MNC and national chains. I lost my job 5 years ago and havent received any offer also because of covid lockdown, i have exhausted all my saving and still paying home loan. I wanted to start my own cafe business and have also made my business plan, but not getting any investor. Checked the consultancy channel also but mostly all portray that they know it all. How can i raise funds

Ans: Hi Anil, It would be difficult to raise funds to start a cafe, except from friends and family. So if you are not able to raise through this channel, and do not have funds to start on your own, please drop the thought for now and actively search for a job.

(more)

Answered on Sep 27, 2023

Question by SHAIKH - Sep 25, 2023

I AM MANUFACTURER OF HYDARULIC PARTS AND SUPPLYING TO OEM COMPANIES THESE PARTS ARE REQUIRED IN REGULAR MARKET , HOW SHOULD I APPOINT DEALERS OR ONLINE NETWORK TO START MY SUPPLIES IN REGULAR MARKET

Ans: You can look for dealers by advertising on platforms like linkedin. Also look at b2b marketplaces like udaan, bijnis etc.

(more)

Answered on Sep 27, 2023

Asked by Anonymous - Sep 26, 2023

Hi I m 38 yrs old and have a huge loss in my business.I had to sell my working unit due to loss in my business and pay all my dues to bank.Now at present I m running same business on rented place.I m not having any savings any liquidity for my future.what should you suggest in this scenario?

Ans: Focus on your business growth. Any business should not look at creating capital assets in terms of land and building till absolutely necessary. So it does'nt matter if you are working from a rented place. Just rebuild your business and build a secure future for yourself. Take limited risks till you are secured financially.

(more)

Answered on Sep 25, 2023

Question by Tarun - Sep 23, 2023

Hi , I am 52 years old and living in Delhi. I have 32 years of experience in Furniture manufacturing, Interiors and related products. I want to start my own business but always afraid of loosing money. Please guide me how can I start my own business. Best Regards Tarun Saxena

Ans: Start with being a contractor to a larger brand/ business. It is safer and less riskier. Once you get the confidence, then you can venture fully on your own. Secondly, interiors is a "customisation" kind of work, where you get orders and then you manufacture. This is much safer as you are not manufacturing and then waiting for sales. You can associate yourself with reputed interior designers and work for/with them to manufacture products. For more insights on entrepreneurship follow me on https://www.linkedin.com/in/baqar-iftikhar-naqvi-34b27a4/

(more)

Answered on Sep 18, 2023

Answered on Sep 18, 2023

Question by Suneet - Sep 16, 2023

Working in Pharmaceutical company quit my job and started my own business but not working now want to start new business but dnt have enough money and have no idea what to do. Probably thinking of starting food business like restaurant or cafe

Ans: Best to rigorously research and find out a business idea, that you would like to venture into, else it will see the same fate as your first business. Remember that entrepreneurship is more difficult than doing a job, so reconsider why you dont want to work in a company and have your own venture.

(more)

Answered on Sep 18, 2023

Question by SURAJIT - Sep 15, 2023

Sir, Salam Ali Kulm, to be very honest, i did Business Analysation from IIT, after having an Unparalleled experience with in Several Sectors with Infra sectors, Machineries, FMCG, Office Automation, Home Appliances, Pharma Engg, Science & Technology Sector etc,, where Non-Renewable Energy including Bio-Technology etc. etc. Since, I don't have mentality to work as Full Time with a Single concern,, as because, I found I am Loosing my talents,, I have Govt. Machineries direct Contact for any Positive Issues to get a Click,, The Problem is to Get a Start up is a Must for me,, as I feel. But, because of my recent Personal Problem I lost huge Cash, which liquidified &, I became helpless,, So, Now, I want to Start of My Own Practice with a Start up Approach for my Known Sectors.. Will it be Ok,, if found OK, then Suggest me,, On what way I must Present my Approach,, where gradually I can built my Confidence level & Survive my livelihood etc etc. by Providing Industries to growth & vice-versa. You may contact via my mail too. KHUDA HAFIZ,, SURAJIT

Ans: I think you need focus in your life. Build your core skills in either a vertical industry or a horizontal function that cuts across all industries. Do 1-2 pilot projects with some companies, at whatever compensation they are willing to hire you. Once you build your credentials, sell your services aggressively.

(more)

Answered on Sep 18, 2023

Asked by Anonymous - Sep 17, 2023

I have an idea, but not able fulfil it due to lack of money.

Ans: Where there is a will there is a way. Else millions of people in this country have an idea and they keep thinking about it all their lives.

(more)

Answered on Sep 18, 2023

Answered on Sep 16, 2023

Question by Prasanta - Sep 10, 2023

I have been a Mathematics teacher since last 46 years imparting Mathematics knowledge to thousands of persons from school to post graduate level. How to network for prospective students as I am not so tech savvy. Please help me to proceed with. With regards, Prasanta Kolkata

Ans: A good way is to create a google map my bUsiness listing. Give your number, address and other details. Whenever somebody is looking for maths tuitions near you, your name will pop us . Keep the listing updated with testimonials/ reviews and other data .

(more)

Answered on Sep 16, 2023

Question by Vasanth - Sep 09, 2023

Hi Sir My self Vasanth Vasu i am planning to Start my own business as i am not gfind carrer growth since now 20 years of work experience in sales and marketing of construction buildings materials sales , pls suggest looking forward for postive responce

Ans: In whatever is your area of interest, talk to as many experts and consumers you can.. evaluate if your idea is solving a real problem that your potential consumers face. Fine tune your business idea. Then again talk to people if they are willing to pay you money to sort out the problem.. and how much. Concurrently, talk to experts on the cost of solving the problem/ offering the solution. Wherever you think the cost of solution is lesser than what people are willing to pay, is a good idea to work on prima facie. Then create a detailed feasibility report. Take help of some expert at this stage. Understand the investments and evaluate how you will need to fund the business initially. See if you can get some grants / seed funding. Typically seed funding is through friends and family . There are also a few govt schemes for entrepreneurs- see if you can get some grant/ financial assistance under these schemes. Put some of your own money and start implementing your idea in the mean while. Don’t be over optimistic in your planning. Work for the best but be prepared for the worst.

(more)

Answered on Sep 16, 2023

Asked by Anonymous - Sep 09, 2023

Assalaam Alaikum sir, My self Mohammed Suheel from Karnataka I want to start my own business but I don't have any idea how and which business is perfect to start.

Ans: In whatever is your area of interest, talk to as many experts and consumers you can.. evaluate if your idea is solving a real problem that your potential consumers face. Fine tune your business idea. Then again talk to people if they are willing to pay you money to sort out the problem.. and how much. Concurrently, talk to experts on the cost of solving the problem/ offering the solution. Wherever you think the cost of solution is lesser than what people are willing to pay, is a good idea to work on prima facie. Then create a detailed feasibility report. Take help of some expert at this stage. Understand the investments and evaluate how you will need to fund the business initially. See if you can get some grants / seed funding. Typically seed funding is through friends and family . There are also a few govt schemes for entrepreneurs- see if you can get some grant/ financial assistance under these schemes. Put some of your own money and start implementing your idea in the mean while. Don’t be over optimistic in your planning. Work for the best but be prepared for the worst.

(more)

Answered on Sep 16, 2023

Question by Rahul - Sep 09, 2023

I am working in a Pharmaceutical company in sales & marketing for last 30 years. Now I want to start something of my own venture. Would you please advice.

Ans: In whatever is your area of interest, talk to as many experts and consumers you can.. evaluate if your idea is solving a real problem that your potential consumers face. Fine tune your business idea. Then again talk to people if they are willing to pay you money to sort out the problem.. and how much. Concurrently, talk to experts on the cost of solving the problem/ offering the solution. Wherever you think the cost of solution is lesser than what people are willing to pay, is a good idea to work on prima facie. Then create a detailed feasibility report. Take help of some expert at this stage. Understand the investments and evaluate how you will need to fund the business initially. See if you can get some grants / seed funding. Typically seed funding is through friends and family . There are also a few govt schemes for entrepreneurs- see if you can get some grant/ financial assistance under these schemes. Put some of your own money and start implementing your idea in the mean while. Don’t be over optimistic in your planning. Work for the best but be prepared for the worst.

(more)

Answered on Sep 16, 2023

Question by Bhawani - Sep 09, 2023

I want to start business but I have low capital. Plss help me out how to start a business sir.

Ans: In whatever is your area of interest, talk to as many experts and consumers you can.. evaluate if your idea is solving a real problem that your potential consumers face. Fine tune your business idea. Then again talk to people if they are willing to pay you money to sort out the problem.. and how much. Concurrently, talk to experts on the cost of solving the problem/ offering the solution. Wherever you think the cost of solution is lesser than what people are willing to pay, is a good idea to work on prima facie. Then create a detailed feasibility report. Take help of some expert at this stage. Understand the investments and evaluate how you will need to fund the business initially. See if you can get some grants / seed funding. Typically seed funding is through friends and family . There are also a few govt schemes for entrepreneurs- see if you can get some grant/ financial assistance under these schemes. Put some of your own money and start implementing your idea in the mean while. Don’t be over optimistic in your planning. Work for the best but be prepared for the worst.

(more)

Answered on Sep 16, 2023

Question by Darshan - Sep 10, 2023

I m 38, from finance industry. Need to start but don't have exact idea, what to and how to start. My interest is mainly in e-commerce. Please guide me.

Ans: In whatever is your area of interest, talk to as many experts and consumers you can.. evaluate if your idea is solving a real problem that your potential consumers face. Fine tune your business idea. Then again talk to people if they are willing to pay you money to sort out the problem.. and how much. Concurrently, talk to experts on the cost of solving the problem/ offering the solution. Wherever you think the cost of solution is lesser than what people are willing to pay, is a good idea to work on prima facie. Then create a detailed feasibility report. Take help of some expert at this stage. Understand the investments and evaluate how you will need to fund the business initially. See if you can get some grants / seed funding. Typically seed funding is through friends and family . There are also a few govt schemes for entrepreneurs- see if you can get some grant/ financial assistance under these schemes. Put some of your own money and start implementing your idea in the mean while. Don’t be over optimistic in your planning. Work for the best but be prepared for the worst.

(more)

Answered on Sep 16, 2023

Question by rushi - Sep 10, 2023

I want to start my skincare business but I have zero idea how to start

Ans: In whatever is your area of interest, talk to as many experts and consumers you can.. evaluate if your idea is solving a real problem that your potential consumers face. Fine tune your business idea. Then again talk to people if they are willing to pay you money to sort out the problem.. and how much. Concurrently, talk to experts on the cost of solving the problem/ offering the solution. Wherever you think the cost of solution is lesser than what people are willing to pay, is a good idea to work on prima facie. Then create a detailed feasibility report. Take help of some expert at this stage. Understand the investments and evaluate how you will need to fund the business initially. See if you can get some grants / seed funding. Typically seed funding is through friends and family . There are also a few govt schemes for entrepreneurs- see if you can get some grant/ financial assistance under these schemes. Put some of your own money and start implementing your idea in the mean while. Don’t be over optimistic in your planning. Work for the best but be prepared for the worst.

(more)

Answered on Sep 14, 2023

Question by Rajiv - Sep 08, 2023

Thank you for giving non celebrity person to guide them. Dear sir, My name is Raj. I used to be a Fashion designer and jobless now, could you please suggest me how should I prepare to open my own boutique with limited funding. Thank you!

Ans: Create an online store first. Once you see traction, then open an offline stores. Creating a shopify store is fairly easy and low cost. Get someone to do some performance marketing.

(more)

Answered on Sep 14, 2023

Question by Satish - Sep 14, 2023

Hi Sir, I am planning a startup in crowdfunding platform, what are the research I need to do on this as well as what are the pros and cons of this startup idea.

Ans: Sorry.. didnt understand the question. You are wanting to start a crowdfunding platform or wanting to start up through crowdfunding. please explain. IN case you are wanting to sart a crowdfunding platform, i will ask you what is your ticket to wine as there are already many Indian and international platforms. What special value add would you bring to the table

(more)

Answered on Sep 14, 2023

Asked by Anonymous - Sep 12, 2023

Any startup or service that is very much demanding in villages areas in future

Ans: There is a huge scope in everything .. The tier 4/5 cities and semi urban/ rural areas are just opening up in terms of consumption. Look at basic consumption items to start with - Apparel & Lifestyle , home & Kitchen products, Salon and grooming services.. But don't copy paste or downgrade an urban model to a rural set up, customise it for the rural market, deeply understanding the needs and aspirations of rural consumers.

(more)

Answered on Sep 14, 2023

Question by Aniruddha - Sep 14, 2023

Hi sir, I want to start business in the field of Tea and Coffee.. Please help, Aniruddha Chatterjee

Ans: Aniruddha - while you have put in a very broad question, i am assuming you want to open a cafe kind of place. My view on this is that cafes have become more of hanging around kind of places. So you need to be in a high traffic zone with young population. Opening any retail outlets means taking on a decent capital expense - rental deposits, interiors and furniture etc. as well as monthly costs - rent, manpower, maintenance, etc. Also, cafe's face a typical problem - people sit with a cup of coffee or tea for long, so your billing value is low and table turnaround is less. So your revenues are low, while your costs are whatever they are. So think about these points. Overall I think it is a good idea, but creating a cool vibe for people to come in and spends time and have a decent billing value is challenging.

(more)

Answered on Sep 13, 2023

Asked by Anonymous - Sep 08, 2023

Hi Sir, Me and my friend are working on starting a apparel brand, based on denim. We are in the ideation stage and looking for designer with core expertise with denim fabric (A to Z). Also the mindset of people must not be money minded and with passion of starting something of their own. We do not have investment to pay salary as it is ideation stage, but we can assure a best future if ready to work with us.

Ans: There are many websites including Linkedin where you can advertise for a cofounder. You can get the best of people with a similar mindset

(more)

Answered on Sep 13, 2023

Question by Manish - Sep 10, 2023

Hello Sir, I am Manish 38 form Faridabad, Haryana! I want startup and for that I have created a survey also but I don't have enough funds to hire a team and get the data collected from market. Could you please help me, how can arrange initial funds to start. Thanks

Ans: People hide behind lack of funding for everything. I firmly believe that where there is a will, there is a way. These days there are so many online platforms for surveys like surveymonkey. Use them.

(more)

Answered on Sep 13, 2023

Asked by Anonymous - Sep 13, 2023

I passed MBA in HR after that i do nothing i want start something my own what i can do now. I have 2 acres of land on road side in Darbhanga Bihar. Please guide me

Ans: Evaluate what can be done on the land. Can you develop it for commercial purposes. Can a warehouse etc be made there. You can enter into a joint development agreement with some builder.

(more)

Answered on Sep 13, 2023

Asked by Anonymous - Sep 13, 2023

I am almost 29 years old. I have graduated in electrical engineering. But never worked in this field. I worked for a few months in finance department of someone's company. Then dropped 2 years to search for a business to start and started toffees trading. That business failed and I had to shut it down. Now it's been 2 years and I'm still looking for a business to start. I live in ahmedabad city if that helps. I was looking into plywood trading or denim jeans trading/manufacturing though I am inexperienced in both. I am not sure if I have any core skills. The only thing I know is I want to work for myself. Do you have any ideas or suggestions?

Ans: If you are not sure you have the core skills to launch and grow a business, get some work experience before you try your own venture. Don’t do anything if you are fairly confident that what you are doing will work and you can make it happen.

(more)

Answered on Sep 13, 2023

Answered on Sep 13, 2023

Question by Poonam - Sep 12, 2023

I am 34 yrs old and doing physical education teacher job in higher secondary school.but now i want to start business in sports. So how to fi d out investor's for that because i am lacking in funding capital pz guide me

Ans: Start a sports academy if you are good at teaching sports. You don’t need to much funds for that.

(more)

Answered on Sep 13, 2023

Question by MINAL - Sep 12, 2023

I have completed mba in finance and right now i am doing job as a sales manager in hdb .but i always wanted to have my own business...even I've my own business idea i am unable to decide that how should I start.....like what are the steps...

Ans: In whatever is your area of interest, talk to as many experts and consumers you can.. evaluate if your idea is solving a real problem that your potential consumers face. Fine tune your business idea. Then again talk to people if they are willing to pay you money to sort out the problem.. and how much. Concurrently, talk to experts on the cost of solving the problem/ offering the solution. Wherever you think the cost of solution is lesser than what people are willing to pay, is a good idea to work on prima facie. Then create a detailed feasibility report. Take help of some expert at this stage. Understand the investments and evaluate how you will need to fund the business initially. See if you can get some grants / seed funding. Typically seed funding is through friends and family . There are also a few govt schemes for entrepreneurs- see if you can get some grant/ financial assistance under these schemes. Put some of your own money and start implementing your idea in the mean while. Don’t be over optimistic in your planning. Work for the best but be prepared for the worst.

(more)

Answered on Sep 11, 2023

Asked by Anonymous - Sep 09, 2023

Adam - My age is 48 years. I worked in Bahrain and end up investing in Bahrain to fail. Now I am unable to bounce back due to lack of funds I wanted to start something of my own. So, I started a match maker consultancy job work from home. But, unable to provide quality service to my clients. How can I take it to that next level digitally, single handed. How much it will cost me maxim. Will I be able to leverage at any phase. Kindly suggest me. Thank you.

Ans: Learn about making websites- it is very easy today and you dont need very advanced skills. Learn digital marketing as well. Then launch your online match making business. Do have some differentiations in your service, which will attract people to come to you rather than established players in the segment

(more)

Answered on Sep 11, 2023

Asked by Anonymous - Sep 09, 2023

Hi Baqar, Vipin this side. I have decade of experience (customer support) interested to start up..but not knowing how to..have 10k+ linkedin followers that includes ceos of different startups in India...The problem is not having a clear cut plan in execution and here I'am seeking mentorship

Ans: Entrepreneurship is flying the plane as you are making it.. you will never have 100% clarity or resources. Start small and then grow. Customer support management is a good business opportunity. You can start with that, if you have experience in this area.

(more)

Answered on Sep 11, 2023

Question by Kuhan - Sep 11, 2023

Hi ,I am kuhan from tamilnadu, I would like to start a icecream manufacturing company(a mini version) . Kindly guide me

Ans: Ice cream is good business. First evaluate if you want an ice cream shop or a ice cream brand that is distributed on carts etc. It is easier to start a shop as distribution requires a higher scale and investment. There are many feasibility reports .. study those; meet experts; create a feasibility and business plan for your venture .. evaluate how much money you require and when you will start making money..then if that makes sense, start the business. Do remember that businesses may not always go as per the business plan.. so make a conservative plan and not a very optimistic plan.

(more)

Answered on Sep 11, 2023

Question by Shishir - Sep 11, 2023

I am a salaried person. Last year I suffered a financial fraud and lost everything,every saving. I am totally dependent on my salary. However my expenses are more than salary. Actually the correct word id not 'expenses ' but 'liabilities'. I want to start some business but with zero investment. Can you please guide.

Ans: With zero investments you can only start a consulting/ advisory business, offering your services to people / companies who need the same on a part time basis, as per your time availability. Do check if there is any conflict of interest with your current employment contract, els you will be in trouble.

(more)

Answered on Sep 11, 2023

Question by Ashraf - Sep 11, 2023

Hi sir ,My name is Ashraf And i want to start a business with small investment please Suggest which business is best to start

Ans: Ashraf Sahab- it is very difficult to suggest anything like that. You will have to answer that for yourself. Evaluate what you are good at - what is you core skill and is there an opportunity to do a business in a related field. Think about how much money you can risk? Do you have enough to run your live for 10-12 months or so. Only then think about starting something.

Typically service related businesses are easier to start and require lesser capital investments, that product related business.

Also reconsider why you want to be an entrepreneur. Doing job, is much easier than running your own business.
Only one out of a hundred businesses or so become successful

(more)

Answered on Sep 08, 2023

Question by Nishat - Sep 08, 2023

Assalamualaikum, i am Nishat Fatema from kutch gujarat and after marriage in banglore found very good market for kutchi handicrafts and started online on fb, insta and watsapp and getting good response. peopl in banglore are from all ver india and outsiders as well and they are fond of such gandicraft items. i want to set up a good showroom at exploring area but for that showroom and products for keeping in showroom i need money as its banglore for showroom i need big amount.. kindly suggest how can i manage to get it.

Ans: I think you should continue to sell online for some more time. Offline business will have large expenses like rent, manpower etc. and till you can avoid the same please do. People have built fairly large businesses online, so you dont need to start thinking about offline yet

(more)

Answered on Sep 08, 2023

Asked by Anonymous - Sep 08, 2023

I have graduated recently and I want to take entrepreneurship now. I have failed in few ideas before and the dna is bringing me back to entrepreneurship. How to do market research and search for ideas. How to find the problem which can be solved on a large scale. Also I have an interest to solve environmental issues. How can I find ideas in that field

Ans: Failing is not bad as far as you have learnt from each failure. in whatever is your area of interest, talk to as many experts and consumers you can.. you will start identifying need gaps. Identify and list these need gaps.. shortlist those that you think you can solve. Then again talk to people on which of the need gaps, people are willing to pay you money to sort out.. and how much. Concurrently, talk to experts on the cost of solving the matter. Wherever you think the cost of solution is lesser than what people are willing to pay, is a good idea to work on prima facie

(more)

Answered on Sep 08, 2023

Question by Abdul - Sep 08, 2023

Sir I lost my job and jobless for past 2 years trying to survive my livelihood need your suggestion how to start my own business

Ans: Reskill or Upskill yourself first. Find a decent job and rebuild your career. Doing your own thing is more riskier than finding a job.

(more)

Answered on Sep 08, 2023

Question by Clement - Sep 08, 2023

I was in Dubai and Qatar and working in various sections for 25 years in the banking industry. Last 4 years I also ventured in digital marketing and now also learning prompt engineering. I got good knowledge in online marketing but nothing is working out. I am still not able to decide what should I start can you provide me few suggestions

Ans: Digital marketing is a very growing field. You will certainly find work if you have the skill sets. Offer your services as a freelancer. Put your profile on websites like fiverr that help you get work. For the first 3-4 clients, dont haggle on money, just take what they agree to give you. Build your credentials. Once you have proven track record, you will get more work.

(more)

Answered on Sep 08, 2023

Asked by Anonymous - Sep 07, 2023

I am 36 year old...i lost my job in COVID..it is almost 2 years no job. I m undergraduate. I have 6 lakh loan n loan PPL keep calling me..to start anh business i need money...the only left is sucide if I don't get job or if I m not able to pay loan...what can I do in such situation.?

Ans: There are lots of jobs these days .. you have to find a job. Understand / analyse the reson for you to not get a job? Are your expectations too high? Are you not willing to travel? Is your current location a problem? Whatever it is , please sort it out.. get a job.

(more)

Answered on Sep 08, 2023

Asked by Anonymous - Sep 08, 2023

I am 55 yrs old, having 30 yrs experience in supply chain and logistics & freight forwarding. I want to start own biz, please suggest best biz with minimal investment. Thanks

Ans: With the growth in Ecommerce , warehousing and logistics are a high growth sector, though competition is equally high. Many warehousing companies are also looking for third party managed services. Meet these Ecommerce specific warehousing and logistics companies and align with them in an entrepreneurial role

(more)

Answered on Aug 28, 2023

Question by Sandeep - Aug 02, 2023

hi, I am senior IT consultant (BE, PGDM) with about 15 years experience in technology/domain (manufacturing, financial services etc). I have worked as developer, business analyst, team lead roles. what options do I have to start my own firm/continue working for a company? what capital may be required to start a business?

Ans: Sandeep, your options depend upon your skill sets, business orientation, risk taking capabilities etc. The capital requirements may also depend based on what you finally decide to do. As a rule, plunge into your own venture when you savings that will last you at least 12-15 months, without a salary. This is over and above what you will need to invest in the business. So select the business carefully, create a detailed business plan evaluating the capex and opex requirement, see how you will raise the money and how you will manage your own expenses for the next 12-18 months, before the business starts paying you anything at all.

(more)

Answered on Aug 28, 2023

Question by KC - Aug 10, 2023

My age is 56 years. I have served 30 years in different pvt companies. Not getting a suitable job now for more than a year. Wants to start something on my own. Kindly suggest suitable business idea with least investment. Thank you.

Ans: While it requires a much deeper discussion before i can suggest something, the easiest will be to become a consultant, leveraging your 30 years of experience. There are many young and growing companies who need advisors/ consultants and are willing to pay a decent amount.

(more)

Answered on May 20, 2023

Question by Yatish - May 03, 2023

I am 67 years old. I am Oil Technologist from L.I.T. I have 43 years experience in Edible Oil Industry and Soap & Detergents Industry. How I can start a consultancy service?

Ans: Make a good website, detailing your services areas. Create your Linkedin profile highlighting yourself as an expert in your area of work, through publishing articles, opinions, views etc. Make a pdf deck of your services, highlighting your experience. Meet prospective clients and old colleagues who can give you work and pitch to them. Network, Network and network. Do the initial projects at whatever cost you get them, to create your credentials. Build your consulting business through referrals , slowly and steadily. Be visible in industry forums. Create trust.

(more)

Answered on Apr 17, 2023

Question by Ramesh - Mar 02, 2023

I want to start consultancy/ free lance work , how could I start my networking.

Ans: Linkedin is an easy start. Start going in industry events. Also there are many networking groups like BNI and others for entrepreneurs.

(more)

Answered on Apr 17, 2023

Question by REGINA - Mar 09, 2023

Hi , I want to start online coaching classes and have an online business which will earn me crores ?how should I go about?I was taking home tuitions previously

Ans: Many online platforms allow you to take online coaching classes and directly take money from students. If you have hold over your subject, even the online edutech businesses like byjus , vedantu etc can pay you handsomely

(more)

Answered on Apr 17, 2023

Question by Ravinder - Mar 10, 2023

Sir i have agriculture land in Noida and wish to convert it into organic farming and then grow vegetables etc and would like to sell the products in the market. so i need some one to help me in this venture

Ans: Such ventures are doing well in the online space as people want fresh organic produce. Create an app and tie up with a delivery partner. Apps ae fairly simple and low cost to make today. Just get hold of a decent app developer.

(more)

Answered on Apr 17, 2023

Question by Tanishka - Apr 10, 2023

I want to start own business but I don't know have idea how and which business is perfect to start

Ans: Look for what your core skills are, in which you are better than others. Then understand your sectors / areas of interest and business opportunities therein. Take up the opportunities where the market size is significantly large, or growing and in which you can best leverage your core skills. Also evaluate how much capital expense each opportunity requires to develop a successful business in.

(more)

Answered on Mar 09, 2023

Question by Dinesh - Feb 18, 2023

Hi sir I m danny 47 year old sales and marketing professional been self employed all my life have sold n worked with banking digital tv internet hadrware seen good days and bad days in my life n carrier.i want to start a digital marketing company and sell n service products which can generate BUISNESS leads n sales for my clients.i m currently selling Google buisness product to BUISNESS owners in SME segment.i got selling skills good communication n attitude.plz let me know your take on it

Ans: Digital marketing is a great field, if you have the skill sets. So go for it.

(more)

Answered on Feb 25, 2023

Question by Dinesh - Feb 18, 2023

Hi mam good morning I am Danny,I m planning to do digital marketing buisness by preparing Google business profile for buisnesses in proprietor n partnership sector n servising the buisness by working on the profile so the buisness can get leads n enquiry.i have plans to charge the customer for the page work n photography n provide them a quarterly or half yearly or annual AMC .plz guide me n tell me your take on this buisness model

Ans: Digital marketing is an emerging fields, however there are lots of freelancers as well as firms of all sizes. Hence you would only be able to do good business if you are able to deliver what you promise to the customer. If you are confident of your skill sets, go ahead.

(more)

Answered on Feb 24, 2023

Question by Mangesh - Feb 16, 2023

I have been working professional in service for last 22 years. Have tried with one small scale manufacturing unit for around one year. To meet financial requirements, I started working full time job. I was satisfied with it initially. Once financial requirements were fulfilled, I started looking for some business oportunity. Since last 10 years am not able to find something I can dedicate my life to so am continuing my job half heartedly. How do I find somthing to do business.

Ans: Firstly, please evaluate why you want to do business? Do you have a business idea that you have full faith in and that you can execute? What is your financial backing and your risk appetite. There are pros and cons of doing a business and you have to give ot your all. it is certainly not a side hustle, that you can do with a job.

Take out some time to think over it, decide and take a plunge if you have to; else drop the idea and be happy in your job. In your current state, you will neither be happy in your job nor start a business.

(more)

Answered on Feb 11, 2023

Question by Nehal - Feb 08, 2023

Hi there, what's the best way to promote new websites for ambulance services.

Ans: I think the best and easiest route would be to partner with hospitals and other service providers . Ambulances are emergency services and generally people ask the hospital to send the ambulance.

(more)