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Harsh

Harsh Bharwani  |62 Answers  |Ask -

Entrepreneurship Expert - Answered on Aug 24, 2023

Harsh Bharwani is a fourth generation entrepreneur.
As CEO and managing director, he leads the international business and employability initiatives at the computer networking institute, Jetking Infotrain Limited.
After graduating from Delhi University, Bharwani joined the family business in 2010 and set up operations in the US and Vietnam.
He has trained over three lakh students in employability, confidence and key life skills.... more
Rajeev Question by Rajeev on Jul 04, 2023Hindi
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Career

Hello I want start my own business of flours of wheat,Jowar,Nachos ,Rice etc. i already have two flour machine they can produce 50 Kg daily. please guide how i can start where to sell the product.

Ans: In order to run a successful wheat flour business and further, one needs to give company description, conduct request analysis, describe the products and services, cost and profit, marketing of the brand, necessary outfit and inventories, legal paperwork and further.
Wheat flour shop business plan should give emphasis on the growth factor, its business sustainability and profitability. Good Business Idea You can start this business at both the following places like pastoral areas and also civic area. There are numerous different types of flour as mentioned over and you can start with low investment.
First Way of Wheat Flour Business originally, this type of wheat flour business demands a moderate capital investment. You need to set up an integrated flour shop. Offer the packaged wheat flour products to the guests. You need to have strategic planning for the distribution of wheat flour and marketing. Alternate Way of Wheat Flour Business This type of business requires a small retail space which requires low investment. Install an atta chakki in that particular space. Allow the guests to come on with their grains. Charge the guests for grinding those grains.
Food License for Wheat Flour product Business The Wheat Milling Flour Business comes under the order of Food Processing Industry. So before launching the wheat flour business, it demands specific licenses, warrants and enrollment process. The following are the licenses and warrants that bear for starting the wheat milling flour business You need to apply for the Trade License from the original external authority. You must apply for the FSSAI( Food Safety and Standards Authority of India) enrollment . You should apply for BIS( Bureau of Indian norms) instrument. This type of business doesn't bear a pollution concurrence. Check it with the state pollution control board in your place or area. Determine the association form. Register your wheat milling flour business with ROC. You need to apply for Udyog Aadhaar MSME Online Registration. You must apply for AGMARK( Agricultural Marketing). Check for the arrears of duty. Announce on the following TV Distribute flyers News Papers Use digital technology Incipiently, give Banners at hoardings at the roadside The same system and way you can use for nachos and other flours.
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As I have experince in the field of Safety of metal Industries, i want to start my own business in semi-urban area of Bihar. KIndly advise the nature and type of business, whether opening a wholesale shop of House building materials like cement, tiles, TMTs. In case i start a agro based consumable foods etc. from where can i get govt help to start-up business.
Ans: What kind of help are you looking for to start your own business? It's not clear.
It's preferable to start a business where you have experience, knowledge and connections/ network plus it's a growing,large market. You would need to study the market you plan to operate in, check out who are the competitors, kind of customers, where there are gaps in the market, which suppliers would be the ones to work with etc. That can help you arrive at a few (2-3) viable choices which you need to examine in depth including talking to suppliers, dealers, influencers, buyers etc before you make a final decision. It's possible that such conversations can lead to active business propositions too. Building materials is a large market. It's also competitive and margins widely vary across product categories.
Food processing/agro industries too have opportunities. Government departments such as MSME department of the local State governments plus Ministry of Food Processing, Government of India and others have project and industry reports. Financial assistance schemes too may be available Example https://www.mofpi.gov.in/Schemes/related-schemes-other-agencies

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Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

Asked by Anonymous - Nov 14, 2024Hindi
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Hello finance guru, I am 45 years old , with 2 kids. I live in a Tier-1 city with ~49 Crores of networth. This includes ~12 crores of investment in real estate (land and a flat at a prime location), ~34 crores in equity, ~1 Cr in Crypto and ~2 Cr in cash. I work in a pharmaceutical firm in an executive role and planning to retire in the next 1 year. My knowledge on finances is average and would like to seek your advise. I would like to generate ~2.5 lakhs per month for expenses from my savings and would like to double my networth in the next 7 years. Could you provide me help on the directions I can take to make this working?
Ans: Hello;

Deducting the real estate and crypto investments from your networth, we have 36 Cr.

You may invest 4 Cr each in 2 equity savings type mutual funds and 2 conservative hybrid debt oriented mutual funds.

If you do a 3% SWP from each of these funds you may expect a monthly payout of around 2.8 L (post-tax).

These funds generally yield 8-9% returns so they will continue to provide inflation adjusted income to you.(6% inflation rate considered)

Balance remains around 20 Cr, while 2 Cr may be retained as liquid fund for contingency requirement, the balance 18 Cr you may invest in combination of mutual funds, PMSs and AIFs.

As you enter retirement phase your focus should shift from "maximising returns" to "decent returns with moderate risk" since return of capital is more important than return on capital.

Happy Investing;
X: @mars_invest

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

...Read more

Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

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Dear Sir, I am 53 yrs. I want to retire @60 with a INR 2.00 Cr Corps. Currently I have following SIP Total SIP 30000/- PM Axis Bluechip Fund - Regular Plan - Growth HDFC Mid-Cap Opportunities Fund - Growth Plan Aditya Birla Sun Life Pure Value Fund - Growth Option Aditya Birla Sun Life Equity Advantage Fund - Regular Growth Sundaram Mid Cap Fund Regular Plan - Growth Bajaj Finserv Flexi Cap Fund -Regular Plan-Growth Franklin India Focused Equity Fund - Growth Plan Franklin India Smaller Companies Fund-Growth HDFC Top 100 Fund - Growth Option HDFC Multi Cap Fund - Growth Option I have MF Investment @ 26.00 Lakh Current Value is @ 52.00 Lakh. I have Savings of Rs. 10.00 Lakh, PPF Rs. 5.00 Lakh, Share investment Current Market Value around Rs. 20.00 Lakhs. I don't have any Loan. Insurance INR 1.50 Cr. up age of 70. Per month earning around Rs. 1.25 Lakh. I have a Investment in real estate which can give my INR 40.00 Lakh at current Market Price & Gold Investment of INR 20.00 Lakh which I think sufficient for my daughter Marriage. Current Monthly Expense INR 40-50 K. I am in a new tax regime, so discontinue my ELSS saving and PPF Saving. Suggest how i can increase my Corpus for retirement.
Ans: Hello;

You may top-up your monthly sip by 10% every year for 7 years. This will grow into a sum of around 0.51 Cr.

The MF corpus and direct equity holdings worth 0.72 Cr today will grow into a corpus of 1.59 Cr after 7 years.

Therefore you may achieve your intended corpus of 1.59+ 0.51=2.1 Cr, 7 years from now. A modest return of 12% is assumed from MF and direct equity holdings.

2-3 years before 60 you should start moving your gains from equity funds to liquid or ultra short duration debt funds to protect it against market volatility.

Also good health care insurance for yourself and your spouse.

RE property you may sell at a later date to boost your retirement income.

Happy Investing;
X: @mars_invest

...Read more

Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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