Top Business Plan Ideas Under 10 Lakhs for Startups
Starting a new business is a dream for many individuals. However, not everyone has the financial ability to invest a huge sum of money. In the early stages, most businesses require a considerable amount of investment, and for beginners, it can be a challenging task.
But don’t worry! We have compiled some of the best business plan ideas that can be executed under 10 lakhs for aspiring entrepreneurs.
1. Food Truck or Catering Business
If you love cooking and have some experience in the food industry, you can start a food truck or catering business. The initial cost of the business can be low, and you can operate from your home kitchen. With the increase in demand for healthy food options, you can target the niche market of organic, vegetarian, or gluten-free food.
2. E-Commerce Business
Starting an e-commerce business is one of the most viable options for entrepreneurs with low investment capacity. You can sell products online, using social media platforms or web applications, such as Shopify or WooCommerce. Consider selling niche products which are in high demand, such as eco-friendly products, pet accessories, or customized gifts.
3. Content Creation & Social Media Management
If you are proficient in writing, graphic designing, or video editing, you can start a content creation or social media management business. You can offer services like content writing, social media posting, digital marketing, and influencer outreach to small businesses or startups. Most of the work can be done using a computer and can be executed from home.
4. Fitness or Wellness Centre
Health and wellness is a growing industry, and there is a huge demand for fitness centers or wellness facilities. You can start a small fitness center or wellness center, which offers services like yoga, meditation, gym, or spa. Make sure to target a specific audience, such as working professionals, students, or women.
5. Personalized Gifting Business
Personalized gifting is an innovative business idea that has become quite popular in recent years. Starting a business that specializes in personalized gifts like custom t-shirts, mugs or wristbands can be a great way of utilizing your creative talent. You can take orders online, and the majority of the work can be done from home.
In conclusion, with the right mindset and a few business plan ideas, starting a business with less investment is always possible. Choose a business idea that falls within your area of interest or skillset and take the first step towards becoming a successful entrepreneur. All the best!
