With about INR 1Cr (10Mn) in hand, what business can I start in India?
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My motives: 1. I wish to travel the world and write books while travelling. 2. I am looking to do something with the money that I have so that I can fund my travels and fall back upon them, at a later stage, if needed. 3. I want to have a steady income of Rs. 50000 or so... Now, the details: I have about INR 70 lacs with me (could arrange a few more if required) and would like to start a business/commercial venture wherein I can make a steady income (anything close or upwards of INR 50,000) without having to devote too much of direct time. Few ideas I have in mind are: 1. Opening a restaurant franchise like that of 'Wah Ji Wah' in smaller town (I put up in Delhi NCR at the moment where commercial property rates are pretty high). I don't want to run any kind of food business on a 'rented' place. So, I'm not sure if INR 70 lacs are enough here to start this sort of business in a metro like Delhi. 2. Getting a small-ish flat and converting it into a Paying Guest house. Then again, where to find such a 'small-ish flat' where I could carry out commercial activities? 3. Teaming up with one or two people who wish to achieve something similar and open a 'Subway' franchise in a Metro on a purchased shop (not rented). Few considerations here are: a) I would not like to devote too much of direct time. Just supervision work. I know quite a few people and would be able to find a trust-worthy manager. b) I am open to collaborating with people who are looking for something similar as I am. If interested, write in a comment/answer. I'll ping you back and get in touch. Would love to hear some ideas. Thank you! :-) P.S. : A few people have suggested going in for a Fixed Deposit. I would like to add that I am looking for ideas where there is ALSO an appreciation in the base sum on INR 70 lacs. Say, in case of a restaurant on a owned property. In that case, apart from the restaurant income prospect, there is also appreciation on the property.
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Answer:
You can put 70L in fixed deposit at 8.75% interest rate and earn about 51K per month without doing anything!
Piyush Ranjan at Quora Visit the source
Other answers
I had a long discussion with the Snap fitness master franchise owner here in Bangalore.They are looking for people with ability to make 70 lk to 1 cr investment in any city and promising multi-lakh returns per month. While I like the industry (fitness) I was not convinced with the business model (they own almost everything and you are passive investor). Moreover lack of transparency is another turn off. But in case you are interested you can talk to them. In 70 lakh investment you can find many interesting franchise businesses. They need only supervisory management and may give good return. But every self-respecting franchise expect total each and every detail of the business and if you are looking for entrepreneurial experience you will be hugely disappointed. BTW from you question and comments it seem you are expecting business return with a risk appetite for investing in real estate. For me starting an restaurant is as risky as angel investing if not more. In real estate or cafe business location is everything. With the gold/real estate investment super cycle dying I am not sure how much return we should expect in either of them. Moreover you have not shared much about youself so it hard to discuss anything concrete. Keep us posted in case you find anything worth trying. Ping me anytime in case you would like to discuss/partner on any of your idea. May be we can arrange a virtual meetup around this topic with like minded people.
Satpal Parmar
How about coaching classes or a small restaurant or any other such option? Guess what? Starting a business is more about what your are interested in rather than how much money you have. Look into your areas of expertise. You could invest into a really good field but unless you are interested in it you'll never put in the effort to make it successful. P. S. : I'm a business (coaching class)owner myself so I guess in a small way, I know what I'm talking about.
Abdul Mansuri
Thanks for asking A2A. Please find below our project if it interests you to become our angel investor please whatsapp us at 9810688690 or email at Business Proposal for ANKUSH INBOUND TRAVEL ACADEMY Business Concept:- Business Concept:- The idea struck us when we faced problems in finding a responsible staff 3 years ago. The uniqueness in our idea is that we focus on teaching practically unlike other institutes who focus on theoretical knowledge Business Scope:- In Delhi there are approx 5000 Travel Agents who are running their business (Actual Data will be more than this). If we assume that 2 Staffs are required each company still we will not be able to fulfil the requirement (All companies are looking for good staff). So if our competitors start to follow our business style it will take at least 5 years to fulfil the market demand. Customer Analysis The potential customers will be the students who possess an interest in learning about the tourism industry in an annual practical course and also people who did not get their Dream job after the completion of their theoretical course from various other institutions Weâve already posted some advertisements in the newspapers but still havenât got any response, so we plan on campaigning in schools and colleges at a large scale. Size of Opportunity Our company will operate in the Education market. The market is huge as most of the people in our country are interested to get educated and lead a better life. Itâs growing every moment. Our competitors are the other institutes who offer a travel course in a theoretical way. The factor giving us an advantage is we offer to teach with a more practical approach which is unheard of in other institutes and disadvantages are that we are totally new and still are in need of funds. The obstacles we face during the entry are:- · We have not received any sort of monetary help yet · We are starting our business with a new idea which will be difficult to get accepted at first We do not plan on exiting this industry anytime soon The risk factor will be getting students who are willing to learn and if they are not able to apply our knowledge in a correct way which will then affect our reputation Business System Description A proper place will be hired with an appropriate environment keeping in mind the safety, hygiene and various other necessary points for the students. The revenue will be the fees paid by the candidates who will join our Institution. Weâll require a capital of Rs. 50, 00, 000.00 every year. Weâll fulfil the development requirements with the fees paid by the students Weâll require manpower of 4 people (3 Teacher + 1 Receptionist) Teachers will be hired from a Travel Agency with minimum 10 yrs Practical experience of Tour Organizing. Team Description There are 4 members in our team All the members are highly experienced, helpful, kind and patient which will help the students to feed their brains with the knowledge more easily. All the teachers have destination knowledge, designing tour programme, selecting hotels, selecting car/coach, sending tour proposal to a client, negotiating vendors, booking hotels on sold out days, customising new tour programme as per clientâs requirement. For more information please contact below:- My Trip to India, E-9, Cabin no-202, 2nd Floor of KHIDMAT Restaurant, Kalkaji, New Delhi-110019, Telefax:+91-11-26421946, OUR WHATS APP NO: 9810688690, Our Website: http://www.mytrip-to-india.com/, http://www.aitaacademy.com/
Kanak Pal
10000 may not seem to be that huge amount, but you can always start something out of this too. If you can write articles then start writing articles and send it to few websites who will pay you if they like your article. For this you may not even invest anything. If not you can sttart your own website and then wok on it. You can buy website from http://godady.com This is one of the finest website provider an you will be accepted by google adsense too in an easy way. and apart from that I suggest you to go through an article where in you will be get few unique ideas for start-up. The importance of this article is you will find business which you can start with zero or low budget. you can find the link below. http://businessnewzz.com/2015/10/new-business-ideas-to-start-with-low-or-zero-budget/
Karthik King
I come from China, I have been looking for ideas, think about it, so many people in China, is a large country .As long as it is, then be consumption, and China has a population of 1.4 billion, the cities of this country's degree of network is developed, the urban population has nearly 500 million, 900 million, the rural population .If we can have an idea or product, suitable for practice and operation in China, so how successful it will be a better than great wealth! But, so far, thought of a lot of ideas, has not appropriate, since the here for inspiration. is a good idea, of course, no one can easily tell others, but, if you have a good idea, and I am a foreign man, you gave me inspiration or would you like to come to China's development, we can cooperate with you and we can private chat, contact me
Liu Wei
I have been looking for a financier who can fund my herbal cosmetic manufacturing plant, and I am looking for exactly this kind of money. I am already exporting and have demands from other markets as well. I have no funds, and banks won't fund me for want of collateral. You can invest in my venture, and be a partner in the firm, and you can earn much more than that. My aspirations and dreams are high, fund crunch ties me up! You will generate employment, can have the satisfaction of owning a brand and propagating it in India and world over, while helping ecology and community.
Rajeev Ranjan
Hi, I assume you have 70L spare money which you wont need in the near future. means you can manage your day to day expenses from other avenues and not dependant on this 70L. My suggestions would be to invest in more than one venture. 1) In State Owned Bank FDs (like State Bank, etc) - Capital Preservation & around 9% interest with Monthly Interest Payment option. Donot put too much here as Interest you earn is taxable after certain limit- NO ACTION REQUIRED FROM YOUR SIDE.. You can freely go on your trips. 2) Invest in Commercial Real Estate property in some suburb, developing area & lease the same- Property appreciates & you donot have much to do and get some steady income also in the form of RENT. 3) Take some distribution of fast moving items like gadgets like Cellphones, Electronics so that you can make a %age on the sales. It requires some supervision work. 4) MY CHOICE (I have experience in doing this). When you are not travelling... Open an Online Store in some ecommerce site like Ebay, Flipkart, etc partnering with good Logistic & Supply partners and deal in sales of some fast moving items and can expect a return of 10-15% sitting at the comfort of your home. You would need to register a company, etc to do this but it would be a simple thing to do and you can get some tax benefit as well. Hope this helps. Others..share your comments on my ideas. Happy Travelling.
Leela Krishna
Find someone doing a startup, if you believe in his idea become his investor. This way your money will also appreciate with time and most importantly you will help someone to create something and add value also. This will give you happiness too.
Hemant Kumar Singh
A start-up is never born out of the idea to earn Rs.50000/month. There will be days when you will run huge losses, to barely making some money to earning a shitload of money. If you're looking for a "steady" source of income, you're in the wrong place. Invest the Amount in a Fixed Deposit. That'll serve your purpose. Starting up isn't for the faint-hearted. And btw, since when did opening up a Subway franchise or renting a flat become known as a "startup venture"?
Jay Mehta
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