I am a Chartered Accountant by profession having more than 20 years of corporate experience, I have a burnt desire to establish my own venture. I can invest up to Rs 1 Cr. Could you please suggest me what kind of business i should go for. I don't want to go for conventional audit or accounting firm. Could you please share few ideas to see the growing make in India market in line with vision development by 2047
Ans: Certainly, to suggest a business idea, it's helpful to consider your interests, skills, and resources. Here are a few business ideas across different sectors that you might consider:
Online Retail Store: If you have a passion for a particular niche, consider starting an online store. E-commerce is a growing industry, and you can sell products related to your interests.
Consulting or Freelancing: If you have expertise in a specific field, consider offering consulting or freelancing services. This can include areas like marketing, finance, IT, or any skill you possess.
Food Business: If you enjoy cooking or have a unique food product, you could start a food business. Options include a food truck, catering service, or selling specialty food products online.
Health and Wellness: With the increasing focus on health and wellness, you could start a business related to fitness training, nutrition coaching, or wellness products.
Educational Services: Since you work in an educational institute, you might consider starting a tutoring center, offering exam preparation courses, or creating educational content online.
Technology Services: If you're tech-savvy, you could offer services like website development, app development, or IT support.
Event Planning: Event planning can be a rewarding business if you have good organizational skills. You could specialize in weddings, corporate events, or other types of gatherings.
Content Creation: If you have a talent for writing, graphic design, or video production, consider offering content creation services. This can be for businesses, bloggers, or social media influencers.
Handmade Crafts and Art: If you're skilled in crafts or art, you can sell your creations online or at local craft fairs.
Real Estate: If you have knowledge of the local real estate market, you could become a real estate agent or start a property management company.
Subscription Box Service: Create a subscription box with curated products related to a specific theme or niche.
Eco-Friendly Business: Consider starting a business focused on eco-friendly products or services. This can include eco-friendly cleaning products, reusable items, or green energy solutions.
Pet Services: If you love animals, consider a business related to pets, such as a pet grooming service, pet-sitting, or an online pet store.
Local Farming or Gardening: If you have space, you can start a small farm or garden and sell produce or plants locally.
Social Media Management: If you're skilled in social media, offer social media management services to businesses looking to improve their online presence.