What kind of business can I start with 5 lakhs?
Table of Contents
What kind of business can I start with 5 lakhs?
20 ventures you can start with Rs 5 lakh!
| Business | Skills needed | Amount you need to start (Rs) |
|---|---|---|
| Food delivery | Marketing and sales | 15,000 |
| Uniform making | Man management | 20,000 |
| Property management | Marketing and sales | 50,000 |
| Telecom Business Consultantcy | Networking | 50,000 |
Which business is best for engineers?
Some startup ideas for engineers or business ideas for engineering students in India:
- Nuts and Bolts Manufacturing.
- Solar Panel Installation.
- Product Assembly Service.
- Mechanical Engineering Consultancy Firm.
- Supply Chain Management.
- Chemical Industry Machines Designing.
- CNC Machining Business.
- E-waste Recycling, etc.
What can you do with 5 lakhs?
30 Best Business Ideas that you can start under 5 Lakhs
- Adequate money to start the business.
- Skills required in the particular sector.
- Interest in proving your product or service.
- Perseverance to face all the odds till you start earning profit from the business.
- Proper licensing from government authorities.
What business should I start as a mechanical engineer?
Machinery Distribution Besides the manufacturing industry, the construction, retail, transport and other industries also look for machines for the smooth operation. Mechanical engineers having sound knowledge of machinery can start distribution and installation of machinery in their localities.
What kind of Business can I start with 5 lakhs?
10 Best Business Ideas That You Can Start Under 5 Lakhs Investment. 1 1. Sell online. Select a niche in which you will be selling products, say mobile phone accessories. Find products like phone case, charger, cover, 2 2. Pest Control Business. 3 3. Printing Business. 4 4. Clothing Store. 5 5. Wedding Equipment Rental.
Is it profitable to start an import export business with 5 lakhs?
It depends on the customer availability and the quality of the products. These days both paper and plastic cups and plates are in high demand. In 5 lakhs investment, you can start with one machine. 7. Import Export Import Export is definitely a profitable and lucrative business.
How much does it cost to start a manufacturing business in India?
The cost of its manufacturing machine is between Rs. 5 – 10 lakh. One of the good business under 10 Lakhs to start. 2) Optical frame manufacturing – The manufacturing of optical frames for any kind of spectacle is growing at a very fast pace.
How to start a pest control business under 2 lakhs?
You need to invest primarily on the resources and the chemical sprays to eradicate pests and then earn a substantial income from your business. For this business, you potential customers could be restaurants, bars, housing society, etc. Total investment is under 2 lakhs. 3. Printing Business