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Hai I am ready to invest Rs.2 lakhs please suggest some ideas for starting business in automobile field?

  • Hai I am ready to invest Rs.2 lakhs please suggest some ideas for starting business in automobile field? I am ready to invest Rs.2 lakhs in this business since iam interested in automobile field. I would like to start business in this field please suggest me some ideas for starting business in automobile field with this investment and also suggest what are the steps to be followed and what are the precautions should i take to avoid loss in the business. It would be very helpful for me if you advice me as early as possible. Please suggest also the ideas for starting the travel business and what is the investment needed for that business.

  • Answer:

    You are the only one that can figure that out. You need to think about something you like to do, complete a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis and write a business plan to prove that the business idea is viable. Go to http://sba.gov/smallbusinessplanner/plan/writeabusinessplan/index.html or http://www.score.org/template_gallery.html for instructions on how to write a business plan and sample business plans.

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You are the only one that can figure that out. You need to think about something you like to do, complete a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis and write a business plan to prove that the business idea is viable. Go to http://sba.gov/smallbusinessplanner/plan/writeabusinessplan/index.html or http://www.score.org/template_gallery.html for instructions on how to write a business plan and sample business plans.

Henry

I have no idea in Automobile field, but there are many option to earn money on-line or home based business, open a small boutique, plastic packaging, embroidery machine, Property dealing, content writing, data entry etc. First you start, after that you have register your business in any good b2b (Business to Business) company.

Jack Wilsons

Property dealing is a good business in low investment.

Monika

please advice some automobile field.

RAKIB

Hi Any business is mixure of opportuinity and risk. First of all u must study and analyse the opportuinity available in the market in the form of Who are or will be yopur customers and what product u can offer and the payment system in the market . See if the goods are being sold in the market on credit , your fund cycle need more liquidity for cash cycle . When u have completed your study about the opportuinity than assess your risk in the market . selling is very easy job unless and until you are paid for. A credit sale is blunder and bring loss by way of bad debts as well . Without completing your study if u put your liquid funds in any business if will be very difficult to undo the loss at any point of time. U buy shop and furniture which can not be sold back if u want to change the business plan. But still you fell the opportunity I can suggest to have a tyre shoppe for car, scooter and truck of all the reputed company. Of course u may get support from the company and the speciality is that u may able to sld your stock any time u want and these products are ostly sold in cash and no specific furniture is required except only few tools . But if u could arrange more funds than u may have wheel alianment machine for the cars . You may add the auto parts shop or maruti authorised service station as well . Hope this help

Josephine

I have no idea in Automobile field, but there are many option to earn money on-line or home based business, open a small boutique, plastic packaging, embroidery machine, Property dealing, content writing, data entry etc. First you start, after that you have register your business in any good b2b (Business to Business) company.

Jack Wilsons

Property dealing is a good business in low investment.

please advice some automobile field.

RAKIB

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