Respected Sir , I am at the Age of 76 Years. I am having a small shop at a Prime location . I want to start Nuts and Dry Fruit Shop with the Help of an employee. Kindly suggest me pros and cones of the Said Business.

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.

Ans: I would request you to do a lot of research first, both secondary first, and primary. That will help you understand which specific niche you might want to target. There are several aspects to consider here. I am operating on the assumption that you already have relevant experience, expertise and contacts in this industry. Food processing is still nascent in India and studies suggest that it is likely to grow.

Ans: I would request you to do a lot of research first, both secondary first, and primary. That will help you understand which specific niche you might want to target. There are several aspects to consider here. I am operating on the assumption that you already have relevant experience, expertise and contacts in this industry. Food processing is still nascent in India and studies suggest that it is likely to grow.