Thanks sir just for an assurance don't close the business that's what all are advising me. I want and will run my business Thanks for your advice will try my best to reach 3 crores turnover this and simultaneously increase every year. Thanks a lot

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: Dear Srinivasan,
Hope you are doing well.

Running an ultracapacitor business in Chennai can be challenging, but don’t rush to close it down. With the right plan, any startup can grow. Many businesses start slow, but small changes can make a big difference. Instead of shutting down, analyze your business and explore ways to improve first.

Start by checking your finances—compare your income and expenses. If you're losing money, figure out how long you can sustain it and what changes can help. Also, look at the market. Ultracapacitors are becoming popular in electric vehicles (EVs), solar energy, and industrial machines. Finding the right customers is key.

To grow, identify industries that need ultracapacitors, such as EV companies, solar energy firms, and industrial equipment manufacturers. Instead of waiting for customers, reach out to them directly. You can also partner with battery makers, government projects, or research labs. Look for government grants and incentives that support energy storage businesses.

Marketing is important too. If you haven’t already, create a simple website and use LinkedIn to connect with potential customers. Share information about how ultracapacitors help businesses save energy and improve efficiency. You may also find opportunities to sell in international markets.

Cutting costs can also help. Find ways to reduce expenses while maintaining quality. If sales are slow, you can offer additional services like consulting, training, or research in ultracapacitor technology.

Closing should be the last option. If nothing works, you can sell the business or shift to a related field like battery technology or renewable energy. But before making that decision, try every possible way to grow. With the right strategy and effort, your business can still succeed.