I can bet that you must’ve heard the term ‘small business’ a hundred times, especially during the covid era. Left with plentiful of spare time at hand, many people resorted to starting their own small business to put their free time at use and make some profits. If you have taken the time to search up about it then I am sure that your head must be buzzing with numerous questions. Questions like, what exactly is a small business? And, what are the best small business ideas in India with which you can make money? But don’t you worry, through this blog, all your queries will be solved.
To answer your questions, let us start by understanding what a small business is.
Small businesses are corporations, partnerships, or sole proprietorships whose number of employees and annual revenue cannot exceed a certain amount. This amount varies from country to country and industry to industry. In India, all the manufacturing and service enterprises having investment of not more than Rs 10 crore and Annual Turnover of not more than Rs 50 crore come under this category. According to the Australian Fair Work Act 2009, a small business should have not more than fifteen employees whereas the number is fifty according to the definition used by the European Union and fewer than five hundred for many U.S. Small Business Administration programs.
Here comes the much-awaited list! Given below are the TOP 21 small business ideas in India.
Table of Contents
1. Pottery
Pottery is a form of art that has been embedded in India’s culture through the ages. It can be traced back to the ancient times, all thanks to archaeology. Even now, this tradition persists and is practiced extensively in varied parts of the nation. The love for pottery has been passed on from generation to generation. As a result, there are multiple pottery-geeks who would, without a doubt, love to decorate their homes with pots!
2. Own a franchise
You must have a favourite brand from where you love to shop. Why not own a franchise, then? Owning a franchise is also considered a small business. If you notice a brand that will make large profits in your neighbourhood but is lacking there, this is your que to own one franchise.
3. Indian sweets shop
The importance of sweets in our culture cannot be emphasized enough! Sweets aren’t just eaten on special occasions but sweets are what make occasions special. There are a multitude of mouth-watering sweets in the Indian cuisine, like, Jalebi, Gulab Jamun, Barfi, Soan Papdi, Gujia etc. to choose from, for each occasion.
Surely enough, if the sweets are made with enough love and the right efforts, you don’t need to worry about its sales at all.
4. Tutoring services
Every parent wants to ensure a bright future for their beloved kids. To achieve this, they provide the best education to their children. Why not help them make this dream come true? Yes, you can! By providing them with your best tutoring services, you not only help the students and the parents but also yourself.
5. Bakery
Alongside Indian sweets, western baked goods have also seeped their way into our daily lives. Baked goods like biscuits, buns, pies, muffins, doughnuts, (don’t lie, I know your mouth is watering, mine too!) etc. are enjoyed with hot beverages like tea and coffee on a daily basis in an Indian household. Hence, there is always a demand for such scrumptious delicacies.
6. Salon
Salons will not go out of business in the near future as everyone needs a haircut every 3-4 weeks. Hair may seem like an insignificant matter but it plays a major social role for human beings. Healthy hair indicates health and youth whereas white or grey hair is an indication of old age. Hairstyles may also indicate the group to which a person belongs. They form a part of our identities and on top of it all, our hair also contributes to our self-esteem.
7. Bookstore
This one’s for all the book-worms out there! Even better if you are one yourself, this way, you’ll make double profits. You won’t just sell books to your fellow book-worms but you’ll also get to read them. Books are, indeed, our best friends.
8. Notes selling
Yes, you can even sell your notes from the school days to make money! It is a win-win business. You help the needy students save their time and energy and in turn, you make profits. What more can one ask for?
9. Stationary shop
Another one of the staple needs of a student is stationary goods. Pens, pencils, eraser, paper, books(like business books, self help books) etc. get exhausted with their use and hence, one needs to buy them regularly. Many students like to collect cute and aesthetic stationary products and for many it is a source of motivation. As a result, stationary products are also never out of demand.
