Hi this is Rohith from TATA capital housing finance limited. I need business from my surroundings away of 50km

Ans: Dear Govind,
Please let me know the kind of business you want to pursue, volume of investment and technology involved so that I can response better.

Ans: Gas Station/Convenience Store: Setting up a gas station with an attached convenience store is a lucrative option, especially if there is limited competition in the area. Highway travelers often need to refuel and purchase snacks or necessities.
Truck Stop or Rest Area: If the location is near a major trucking route, consider creating a rest area or truck stop with amenities like parking, food, showers, and restrooms for truck drivers and long-haul travelers.

Fast Food or Drive-Thru Restaurant: Establish a fast-food restaurant or drive-thru with a focus on quick service. This can attract both travelers and locals looking for a convenient meal option.

Hotel/Motel: If there is a demand for lodging in the area, consider building a hotel or motel. Tourists and long-distance travelers often seek comfortable places to stay.

Auto Repair Shop: Set up an auto repair shop or service station. With the highway proximity, you can attract travelers in need of vehicle maintenance or repair services.

Farmers' Market: If the land is suitable for farming, consider starting a farmers' market. You can grow and sell fresh produce, attracting locals and tourists passing through.

Recreational Vehicle (RV) Park: Develop an RV park or campground for travelers looking to spend the night. Offer amenities like hookups, showers, and a common area.

Warehousing/Storage Facility: Depending on the location's zoning regulations, you could build a warehouse or storage facility for businesses in need of storage space.

Outdoor Adventure/Recreation Center: If the area has scenic or natural attractions, consider starting an adventure or recreation center, offering activities like hiking, biking, or guided tours.

Auto Dealership: If you have the capital and market demand, you can consider opening an auto dealership, specializing in used or niche vehicles.

Retail Plaza: Build a small retail plaza with multiple shops for various businesses like a grocery store, pharmacy, coffee shop, and other convenience stores.

Car Wash: A car wash facility can be profitable, as many travelers like to keep their vehicles clean while on the road.

Truck Rental/Leasing: Offer truck rental or leasing services for businesses and individuals needing commercial vehicles for transportation or moving purposes.

Billboard Advertising: If the land is close to a high-traffic area, consider leasing space for billboard advertising. Advertisers often pay for prominent billboard locations.

Solar Farm: If the land is not suitable for other businesses, you could lease it for a solar farm, generating renewable energy and earning income through power generation.

Before starting any business, conduct a thorough market analysis, assess the local competition, and consider the specific needs and preferences of the target audience in your area. Additionally, check local zoning regulations and obtain any necessary permits or approvals before proceeding with your business idea.

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: Unable to respond as I only offer Career advice on RediffGuru.