Instructables

i want to start a small business?

i want to start a small business.. but i am totally out of ideas.. so i need help.. plz give some suggestions..
business should require little investment.. i stay at small town.. so suggest accordingly

framistan2 months ago

I looked at your profile page and I was very impressed with your Vegetarian recipes. Here in the USA... many many people are very overweight from eating meat and dairy products. I think you could put together ten or twenty easy recipes from your country and type them up into an e-book. Then go to amazon.com and upload your ebook to their website for people to download for 3 dollars into their kindle reader. Amazon gets a small percent of your 3 dollars (20 or 30 percent I'm not sure). Make sure to carefully label your pictures as to what each item is on the picture because some of the ingredients used in India may not be available here in the USA... or items may be called different names. Your e-book would have to overcome these small problems, and I think that would be a GREAT way for you to start a small business. Most businesses start SMALL and grow bigger over the years. So don't expect to make BIG money at first. I know a man who runs a big company and he started very small with ONE truck... then two trucks... and after 20 years, now he has 20 or 30 employees working for him and he makes a lot of money. So start small and don't give up on it. Keep at it. That's another tip he gave me. Most people GIVE UP because 5 months later they are not making lots of money. It takes time... months and months... to build up a business into a success.

rickharris2 months ago

1. You have to have buyers

2 You have to provide something they need or want (or you have to create that want)

3. You need to ability to manufacture or procure what your selling at the right price. i.e. so you can make a suitable profit - work out what that profit should be.

4. You need to make/gather stock and

5 you need to let your buying audience know that you have something to sell that they need/want.

Example, Assuming your going to makes something to sell.

A product that can be sold for a profit of £5 per unit.

I want to make an income after tax and expenses of £30,000 a year.

£30,000/52 = £576 a week.

so £567/£5=115 this is the number I need to make in a week to have a chance of making £30,000 a year

115/5=23 per day

23/8= about 3 per hour so my manufacturing process must be able to turn out 3 units per hour to make my profit.

I need to sell them so that takes time - this is on top of my manufacturing time so I have to allow for either more manufacturing time or get someone to sell for me.

You can see from this that a) I need to sell my product for more than £5 to cover expenses, tax, wages and selling time.

b) The longer a product takes to make the less money you will make because your making fewer items so the longer it takes to make the more expensive it has to be.

However

A machine that makes an item every 15 minutes that can be sold for £15 leaving £10 profit after expenses will net you £83,200 a year - a nice income for watching a machine work.

kjsrocks2 months ago

If you don't know what kind of business you want to start then that suggests that you also would not have the knowledge to even run a business. with that said i would suggest that you wait until you have an idea and some basic knowledge of the business and finances.

see my follow up of my personal businesses!

kjsrocks kjsrocks2 months ago

Sorry forgot to do spell check!

When I was ten I started a firewood business. I asked my dad to help me cut some trees then i split and bundled the wood. BUT that was unsuccessful because i chose a business with TONS of competition (and it got robed alot). When i was twelve(last year) I started a Miniature straw bale business. That one was succesful because i learned every thing about small bussnesses and making mini bales the most helpful was intalling some online inventory and finance programs.

My point is that you need to learn about what you are doing.

steveastrouk2 months ago

What about using your Instructable skills for jewellry making ?

Your profile doesn't say where you are in the world - the feasibilty may depend on that

prachilele (author)  steveastrouk2 months ago
thank you for replying... i stay in India..