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Prof Suvasish Mukhopadhyay  |397 Answers  |Ask -

Career Counsellor - Answered on Nov 20, 2024

Professor Suvasish Mukhopadhyay, fondly known as ‘happiness guru’, is a mentor and author with 33 years of teaching experience.
He has guided and motivated graduate and postgraduate students in science and technology to choose the right course and excel in their careers.
Professor Suvasish has authored 47 books and counselled thousands of students and individuals about tackling challenges in their careers and relationships in his three-decade-long professional journey.... more
K Question by K on Nov 19, 2024Hindi
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So like a Franchise business where you get supply from Corporate company and sell in retail market? Is it so? If yes? What good affordable franchises exist? What pattern is good?

Ans: Regarding that you need to do a reasonable research and certainly you will get the solution.
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Harsh

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Entrepreneurship Expert - Answered on Jul 04, 2023

Asked by Anonymous - Jun 13, 2023Hindi
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Hello, I want to setup my business with 25-35 Lakh own fund + bank/govt loan. I want fixed sales way of our product (like solar power setup, cab service) means i do not want to have intense marketing or sales & demant chain. It should sale for sure with minimal effort. May be any B2B would be good for me. Please suggest.
Ans: Certainly! Based on your criteria of setting up a business with minimal marketing and sales efforts, along with a fixed sales approach, here are a few B2B business ideas that you can consider:

1. Wholesale Distribution: Start a wholesale distribution business where you purchase products in bulk from manufacturers or suppliers and sell them to retailers or other businesses. This can include various products such as electronics, household goods, industrial equipment, or consumer goods. The key is to establish strong relationships with manufacturers and retailers to ensure a steady flow of sales.
2. Industrial Supply: Focus on supplying essential products or equipment to industries or businesses in a specific sector. This could include providing machinery, tools, raw materials, or specialized components. By targeting a specific industry, you can build a reputation and become a trusted supplier.
3. Business Services: Offer specialized services to other businesses, such as accounting, IT support, human resources, or consulting services. These types of services are often in demand, and if you can provide high-quality solutions, you can establish long-term partnerships with clients.
4. Logistics and Transportation: Start a logistics or transportation company that focuses on providing reliable and efficient delivery services to businesses. This could involve local or regional delivery, freight transportation, or specialized logistics for specific industries. Building strong relationships with clients and ensuring timely and secure deliveries will be key to your success.
5. Equipment Leasing: Consider offering equipment leasing services to businesses in need of specialized machinery or equipment. This can be particularly lucrative if you target industries such as construction, healthcare, or manufacturing. By providing cost-effective leasing options, you can attract clients who prefer to avoid large capital investments.

Remember, even with a fixed sales approach, it's essential to thoroughly research the market, identify potential customers, and build relationships to ensure a steady stream of sales. Additionally, consider conducting a detailed feasibility study, analyzing costs, and creating a comprehensive business plan before starting your venture.

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Entrepreneurship Expert - Answered on Jan 09, 2025

Asked by Anonymous - Jan 09, 2025Hindi
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Is laundry franchise business is profitable?
Ans: The laundry business is a profitable venture due to consistent demand, low entry barriers, and a recurring revenue model. Urban areas, in particular, drive growth with their high population of working professionals, students, and families who prefer outsourcing laundry services for convenience.

Profit margins typically range between 20% and 40%, with opportunities to boost earnings through additional services like ironing, dry cleaning, and fabric care. The business offers flexibility in investment and scalability, from self-service laundromats to
full-service operations.

However, challenges such as competition, operational costs, and seasonal demand fluctuations require efficient management. With proper planning, market research, and a focus on customer satisfaction, the laundry business can provide steady income and long-term growth potential.

Things to Consider

1. Research and Location: Target high-demand areas such as residential neighbourhoods, business districts, or near universities.
2. Business Model: Decide between self-service laundromats, full-service laundry, mobile laundry (pickup and delivery), or dry cleaning services.
3. Investment: Budget for equipment, supplies, and operational costs. Franchising can be a lower-risk option for new entrepreneurs.
4. Setup and Legal Requirements: Register the business, obtain necessary licenses, and invest in high-quality, eco-friendly equipment and detergents.
5. Services and Pricing: Offer competitive pricing for services such as washing, ironing, dry cleaning, and delivery. Consider subscription plans or loyalty programs to attract regular customers.
6. Marketing and Customer Care: Build a recognizable brand, use digital marketing to reach your audience, and provide excellent customer service with timely and convenient options.

The laundry business can be a sustainable and profitable venture with strategic planning and effective management.

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