Tag: India

Buy Shadilal – Sons A Trade Game Business Deluxe India Online In India –

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Shadilal Sons A Trade Game Business Deluxe India

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What are the top 10 most profitable businesses in India? #business #name #availability


#most successful businesses

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Despite being a huge economy that ranks at number 3 in the GDP (PPP) league globally, India is a nation where the agriculture and unorganized sectors dominate employment generation. Contrary to what a lot of people may believe, we do not have a majority of our workforce employed by the organized sector.

The Indian workforce can be categorized by a simple and approximate formula – 65-35-15-85. Of the entire workforce, around 65% are engaged directly or indirectly in Agriculture, a massive number. This number will include farmers, farm labourers, transport workers, mandi workers, marketing people, rural business persons of all types etc. That leaves around 35% of Indian workforce, which we can call non-farm workforce. Of this 35%, not more than 15% are employed by the organized sector. They are paid salaries on fixed dates (almost), enjoy statutory benefits and can associate their work with some brandname of some credible size. The remaining 85% (of this 35%) are engaged in unorganized sector, that does not enjoy any of these characteristics. Are these not shocking statistics, for India, after nearly seven decades of economic independence? By the way, I have not counted homemakers and housewives, whose contribution anyway does not get counted in the GDP calculations.

We are a nation of 1.3 billion people (that’s 130,00,00,000 people). So it is clear there is abundance of labour available in India, that is untrained, unskilled (or at best partially skilled) and has a poor chance of making it in the formal organized sector. What do these people do? Well, they create small businesses of their own, and get on with their lives quietly.

Mainstream academia and media often speak disparagingly of these millions as “Mom-and-Pop” shops, because the comparison yardstick is the West, where most of retail is organized. But if these millions were to give up their businesses, and start pestering the governments of India (central and state) forSarkarijobs, the whole system will crumble and break down in no time. We should be very thankful to these entrepreneurs who quietly create opportunities for themselves, and even employ many more.

I assume by small. the question means really small, even micro. And “top 10” must be the range and spread. The ones I am listing below, are usually proprietorships of the most unstructured format. I am intentionally not counting the Small-scale enterprises in the manufacturing sector. I am also leaving out individual contractors that use the internet economy to work from home, on projects anywhere in the world (these are educated and very capable people).

In my opinion, ten of the smallest of businesses (not counting agriculture related work) that are widespread across India, totally taken for granted, and where literally crores of Indians (1 crore = 10 million) are self-employed, can be listed as:

  1. Small retail shops – Millions of them spread across the length and breadth of India. They are usually owned by a single family, and entire work is done by two or three members of the same family. They do not formally book every transaction, and issue no receipts. Hence, they generally pay no taxes at all. In fact, if they are forcibly dragged in the tax net, many of them will simply become unviable! So what will happen? Right now we have around 1 million young people entering the workforce each month. Or 1.2 crore each year. We will substantially increase the number if these shops collapse.
  2. Paan ki dukaan – Indians love their paan, supari, cigarettes, tobacco, and gutkha! And this gives birth to the legion of Paan Shops we see everywhere. They form a key part of the marketing plans of consumer goods giants like Unilever etc. As they say, the Ps of marketing are Product-Price-Promotion-P lace-and-Paan shops.
  3. Readymade Garment shops – Thousands of these small shops cater to the needs of the local communities they serve. While all conceivable brands are available in big malls, the small shops cater at an atomic level to their customers’ needs. And they are busy all year round. One can be often surprised at the economical rates these offer.
  4. Tea stalls – Popularly called chai-ki-tapri. these are hangout places (for a few minutes) for the local small office-goers, daily wage labourers, and anybody passing by. Usually run by a single entrepreneur, they employ chhotus, young boys barely 8 or 10 years of age. It can be seen everywhere in India. They serve tea (of coffee), some basic snacks like pakoras, etc. Wholesomely unhealthy if taken on a daily basis.
  5. Auto Repair shops – If you do not wish to spend a lot of money to get your vehicle (2 wheeler or 4 wheeler) repaired at the branded sales outlet or service centre, then the roadside repair shop is always at your disposal. Business is always brisk, and the technicians working can be amazingly skilled.
  6. Mobile repair / accessories shops – The past few years have seen employment generation through this route. Tiny shops that are run by just one or two people can cater to a vast range of your repair / recharging needs. Found almost everywhere.
  7. Grocery Daily need shops – A type of the small retail shops. Some of them are organizedkirana stores, others much smaller but equally useful. They develop customer relationships through home delivery, some credit, and informal support for a range of needs. Usually have dedicated and loyal clienteles. The arrival of organized retail has, so far, not affected them much.
  8. Small restaurants / coffee shops – Lots of them dot the highways as dhabas. or all commercial roads in cities of all sizes. They are usually much cheaper compared to branded cafes. I remember enjoying a hearty meal (for a family of four) for Rs 36 when we hungrily went to a very small “south Indian” restaurant on a mountain side in Munnar, Kerala. What a meal it was! And what a rush the restaurant was handling. Such experiences make you want to become a food entrepreneur (the yummy margins! ).
  9. Seasonal shops – Every festival in India brings unique buying needs, and that leads to sprouting of such shops in specific areas of all towns and cities. So, during the Ganesh Chaturthi festivals, shops spring up overnight selling pooja samagri (material for religious prayers) and idols. Similarly, Deepawali sees fire-cracker shops and Holi brings with it gorgeously colourful temporary shops. All dealings are naturally in pure cash!
  10. Hawkers of all types – Not to be outdone by the above, we have a whole range of hawkers who shout themselves hoarse strutting their stuff door-to-door, all day long. They do this on bicycles, or thelas, and it must be very exhausting work.

I personally feel that society ought to respect these individuals much more that it currently does. They are the most basic building blocks of our goods and services markets. The entrepreneurial streak of these unsung heroes can be very motivating if we see the sheer struggle their daily lives entail.

As India moves forward, while our economy will get more structured, the simultaneous growth of our population is going to make formal employment generation a huge challenge. Interesting times ahead!

There is a contradiction in the question: What are the top 10 internet business models that are currently the most profitable and easiest to copy in a new market?

The most profitable business model will not be the easiest to copy since by definition anyone can copy that business model, compete with the original business model and so bring down the profits of the business model as a whole.

Examples of most profitable internet business models typically depend on dominating the long-tail. This requires these businesses to operate at a lower cost than if manual / human processing was required, and capitalize on improving the signal to noise ratio using algorithms at scale. It is difficult for substitute businesses to develop the same scale later as collecting huge amounts of long-tail data takes a long time (years)

Google search: Have data on long-tail search terms and creates a market place where participants can bid to reach most relevant customers.

Amazon.com: Have organized information of long-tail products for sale and offer unparalleled selection, prices are reasonable, inventory overheads are low (they need to stock a few items globally compared to a few items per physical store)

Ebay: Created an auction marketplace where buyers can bid for long-tail products offered by sellers world-wide. The larger the number of buyers, the larger the number of sellers and Ebay makes a cut off each transaction.

Wikipedia or Yahoo Answers: Long-tail content is generated by users at little / low expense to the company, content is relevant and used years after it was originally created. Bulk of the content is accessed only a few times every month but collectively drives billions of page views a month. This can be harvested by basic online advertising.


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Indian Stock Market News, Equity Market and Sensex Today in India #latest #business #news


#stock market news today

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Markets Finish Flat

The Indian markets had a rather volatile trading session today as the indices oscillated to either side of yesterday’s close. At the closing bell, the BSE Sensex stood lower by 29 points, while the NSE Nifty finished down by 12 points. The S
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Quizzing in India: What are some of the best business quiz questions you –

#business quiz

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Personally, my favorite questions are those which have me wide-eyed and wondering –Seriously? – when the answer gets revealed. Two that come to my mind:

1. What will be offered by Kashi Vishwanath temple in association with Shri Prakash Raghuvanshi?

This was asked by Pickbrain at Tata Corporate Crucible, Gurgaon in Sept 12. Now I have spent the last 4 years in Banaras (location of the temple) and I honestly thought this question lame (I mean could be any offering- clothes, jewellery, left-over temple flowers, exotic sweets). Until the answer was announced:

Ans: PACKAGED MANURE (1)

2. X has had over 43 pets including 21 dogs, 12 horses, 3 ponies, 6 cats, a parrot, a chimpanzee, a panda, a lion cub, a giraffe and a zebra.
AND… 80 careers everything from a rock star to a paleontologist to a presidential candidate.

Question asked in a school quiz in Dubai several years ago. The guesses ranged from Arnold Schwarzenegger, some Arab Sheikh, Elvis Presley. One team actually came very close to the actual answer with Sarah Palin! (2) Of course, the answer was:

Hard to pick one, but here are some of my favourites:

1. In 1928, AT T s Western Electric established a division for the specific purpose of installing and servicing their loudspeakers and electronic products for motion picture use. Called E.R.P.I. (Electrical Research Products, Inc.), it was purchased as part of a consent decree in 1936 by a group of E.R.P.I. executives, including George Carrington, Sr. and Mike Conrow. They changed the name to All Technical Service Company .
How do we know this company today?

Ans. Altec ( All Tech ) Lansing.

2. A person with ___________ is open and available to others, affirming of others, does not feel threatened that others are able and good, for he or she has a proper self-assurance that comes from knowing that he or she belongs in a greater whole and is diminished when others are humiliated or diminished, when others are tortured or oppressed.
What modern-day product takes its name from the above mentioned philosophy mostly because it is based on the same principle?

3. Started in 1945 by two friends Burt X and Irv Y. with the merging of their respective individual shops, XY has since become one of the leading companies that sell Z. It is distinctly recognized by its logo which contains a number – signifying the number of varieties of the product it sells.

Its new logo, revealed in 2005, is hailed by many as one of the most innovative logos of all time for its clever inclusion of the above mentioned number into it.

Ans: Baskin-Robbins (X-Y) and if you don t know what they sell, I suggest you go out more often.

A few questions which I really liked.

1.After India became independent in 1947, the Planning Commission was entrusted to oversee and direct the development of the nation. India grew rapidly in the 1950s, and in the late 1950s the Commission started facing difficulties in finding suitable people for the large number of enterprises that were being established in India as a part of its industrial policy. To solve this problem, the Planning Commission in 1959 invited Professor George Robbins of the University of California. What resulted?

2. The name of this website stems from a Hindi phrase used on anyone who attempts to achieve the impossible. Started by Wharton graduate Allwin Agnel in 2003, its mascot is named ‘Monsieur Green’. Which website?

3. The following table gives the exchange rates of a certain currency in three different denominations. Identify what has been blanked out.

4. In what way is this photo of Lord Pethick Lawrence and Mahatma Gandhi, taken on April 18, 1946 significant to this day? (Question Courtesy: Navin Rajaram )

5. As a part of the Windows Vista makeover what did Microsoft add to the game Minesweeper (blanked out in the pic shown below) and why?

6. Shown below is a character from an unique language which caused an outrage from a certain group when it was dropped from Wikipedia’s official logo in 2010.Which Language?

7. This is Hannah Steller photographed by her older brother, Dustin Steller. The photo was originally uploaded to iStockphoto in August 2005 as a result of which, it made her immensely popular all over the world.
How/what is she known as?

8. It was discovered that defects in the sphere from knicks and scrapes of normal use, could provide it with a truer flight than a pure sphere. Thus,makers started creating intentional defects in the surface by hammering to give it an evenly dimpled shape which would cause it to have a more consistent flight. Funda behind what?

9.This is a letter sent to ‘Lady Gaga’ by the firm she had previously threatened to sue for a certain product. What was the product and the controversy?

Further to our letter of 9th March, we note that we have not heard back from you or from your client Lady Gaga despite your demands that we respond to your letter by 4.00pm on 9thMarch.

In fact you have not even confirmed receipt of the letter which was emailed and delivered to you by hand.

As you will have noted from the contents of that letter, the product your client described as ‘nausea-inducing’ and ‘possibly unfit for human consumption’ was given a clean bill by the authorities last week.

We are therefore seeking your permission to re-launch our ______ in a way which will not offend, upset or distress your client in any way. As such we are holding a ‘Name the Baby’ competition and asking for the approval of one of the following names.

10. In an interview to Walter Issacson, when asked about life and death, Steve Jobs said Sometimes I don t. It s 50-50. But ever since I ve had cancer I ve been thinking about it more, and I find myself believing a bit more. Maybe that s because I want to believe in an afterlife, that when you die it doesn t just all disappear. The wisdom you ve accumulated, somehow it just lives on.” He further added that he implemented this philosophy in his products. What feature or rather minimalism was implemented in Apple products because of this?

——
(Please answer in comments. I hope that the answers can be can be worked out by a combination of knowledge and by a few assumptions. I would add the answers after a few people have attempted)

I would also like to add the biz questions (Twitter, Campbell s Soup, Ambergris and Kit Kat mail) from my answer to What are some of the best quiz questions you ve seen to this list as well.


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Which is the best business to start in India with 50 lakhs? #business #names

#best business to start

#

Which is the best business to start in India with 50 lakhs?

There are several kinds of businesses in which you can dive in like

1. Digital Marketing

With only a small amount of money you can get your business registered and start working. There are several co-working spaces like One Internet ( Co-Working Space In CP Delhi ) who help you in saving your money while also giving you a strong boost on networking, venture capitalist etc. All the registration work along with co-working space rent and your travelling costs will not be more than 25000 INR in a month and to start with a business it is just a minimal amount. You can initially start as a freelancer on the other hand and later on shift to become a full fledged company.

2. Content Marketing or management firm

If you are good at writing then you and your mates can collaborate or you can individually start with a content marketing company. You can keep journalism or literature students as interns to help you with the workload. Plus when you are a one person company the legal pre-requisite are also less. Ask Centrik Budsiness Solutions ( Home – Centrik ) regarding everything legal to get help from.

If you have good connections with the wholesalers and you do have an interest in fashion. You can become a merchant on websites like Snapdeal, Flipkart, E-bay, Instagram etc. You will need a TIN number and PAN number for the same and Centrik helps you in getting these conveniently.

4. Sales Consultant

At a lower investment you can also plan to become a sales consultant for companies like Avon, Oriflame, Tupperware where with a minimum amount of just 150 or so (for Oriflame), you can join the company and start selling their products.

5. Home Made Gourmet Food

Instagram has become a booming place not just for apparels but also for Gourmet Food. You can become a home chef and deliver what you know the best. If not through Insta you can also do this by printing pamphlets and get it circulated through the newspaper boy or can promote it on social media yourself or give it to a digital marketing company to do it for you at the right social networking site to gain the right target for you like a one year old startup Digital360 ( Digital360 – Best Digital Marketing Company in Noida, India ) that is creative and convenient for your pocket too.

6. Virtual Assistance

If you are a keen observer and love details you can become a virtual assistant to small business owners who are too busy in growing their business. The cost on your side to start this business is just a laptop or computer along with a stable and fast internet connection.

There are plenty more but everything depends on what you are deeply and keenly interested in and how determined you really are.

Apart from the things you can do, as asked by you that who are the small business startups who are doing really well.

1. Maxtan Healthcare a pharma stat-up by Mr. Kumar Manoj Singh

PS. These are all from Delhi apart from the first name.

I hope you find this answer a little helpful and All the Best for your venture 🙂


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Home based business ideas in India be it part time or full time #best

#home based business ideas

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Home Based Business Ideas

Home-based businesses have become very popular these days. Thanks to the rising cost of setting up full-time businesses! The added advantage of any

home-based business is that the whole affair can be done from the comfort of one’s home. Working from home also implies that whatever one earns is a bonus. Home-based businesses have nowadays become highly preferred options for urban, educated housewives as well as retirees who are looking for fresh avenues from where they can keep on earning money.

List of Home-Based Business Ideas

Accountancy

Accountancy is one job that any accountant who possesses necessary experience and requisite license and training can do from home. An accountant can start his/her business by making a flier that details the list of the various services rendered by him/her along with the respective quotations. To be on a safer side, an accountant may begin by providing bookkeeping services for smaller business houses with lesser operations and subsequently, when he/she gets to know the tricks of the trade, they can take on elaborate accounting projects..

Generally, the work of an accountant entails:

  • Balance Sheets
  • Financial Reports
  • Income Statements

These can be done monthly, quarterly, half-yearly or yearly. However, the timing is normally determined by the business organization.

Tax Accounting

Apart from primary accounting services, one can also focus on tax accounting, an area of work that has a huge potential to grow in the future. In most cases, business owners like to have their books kept by their own staff but look for professional help when it comes to taxes.

Business Plan Services

Another lucrative option for accountants can be preparing business plans for start-ups. For people with sufficient experience and knowledge of the business world and its workings, business plan services can be a viable career option. This includes services such as doing market research and coming up with financial statements and business plan texts.

List of Part time (home based) Business Ideas

Cleaning Services

Providing cleaning services is one option that people can do on a part-time basis from their homes. People interested in this business need some capital so that they can recruit workers. There are many directions in which this business can be taken. For people who are willing to offer services during the unusual hours, offices are the most viable options. One can look at retail establishments and focus on particular areas such as localities. Restaurants are great places where one can offer cleaning services since they are so often in need of the day-to-day cleaning. They can provide a steady stream of clients.

One can also look at houses especially major apartment blocks. One of the major advantages of this business is that one does not need to spend a lot of money on publicity since most of it happens by word of mouth.

Computer Services

Providing cleaning services is also a viable option in the part-time business segment. However, experience, certification and a certain level of education are needed in order to be successful. It is also important to have a clear idea of the areas where the prospective clients might want you to focus on. Following are some of the examples:

  • Word Processing
  • Spreadsheets
  • Manipulating Photographs
  • Designs
  • Merging Mails
  • Security

Home based Business Ideas for Housewives

Art – Painting, Jewellery Designing and Dress Designing

One major option that housewives, who wish to earn while being at home, can take on is that of an artist. There are so many ladies who have artistic capabilities but are unable to work full-time because of their domestic responsibilities. However, in their spare time, they can draw paintings and then sell them online either by creating their own websites or through other websites that have a guaranteed clientele. They can also go for other forms of art such as dress designing and jewellery designing.

Blogging

Blogging is also one career option that most educated urban housewives have been taking up these days. Apart from being a highly fulfilling endeavour, if properly monetized, it can also yield great dividends. Experienced housewives can also take up the career of bridal consultant, if not wedding management. This is especially for women who love to be part of weddings and have a great eye for detail.

Cooking

In case someone is a good cook and specializes in confectioneries such as cakes, pastries, muffins, brownies, even pickles, etc. then it will be a great idea to take that forward. In businesses such as these, it is important to use social networks and social media contacts properly because that is how one generates publicity for one’s work and capability.

Others

Women with good social skills and high level of education can also become life coaches. Women who have thorough knowledge about yoga can also start their own training classes as per their daily schedules. Educated women who have done specialization in certain subjects; for instance, accounts, mathematics, English or science, may also provide tutorial services either at their home or virtually.

Home based Business Ideas for Retirees

Consultancy

For retired people with the requisite experience, consultancy is a great career option. Retirees can use the experience they have gained all these years to help their clients in the respective domains. This will provide them monetary benefit. Overall credibility and little social marketing may help attract more clients.

People who love animals such as dogs can use their houses, especially if they have large ones, as crèches where owners can keep their pets when they are on the move. However, it is better to get a license and have some experience of having had pets beforehand. This will ensure that one is able to understand the requirements of the pets as well as their owners.

Dog Daycare and Boarding

People who love animals such as dogs can use their houses, especially if they have large ones, as crèches where owners can keep their pets when they are on the move. However, it is better to get a license and have some experience of having had pets beforehand. This will ensure that one is able to understand the requirements of the pets as well as their owners.

Content Services

Content services are also great when it comes to earning some money while sitting at home. There are different options in this domain that one can choose from, such as copyediting, ghost writing, proofreading, copywriting, indexing, book writing, developmental editing, writing articles for magazines, book doctoring and providing content for web pages.

Last Update on June 03, 2015

How To Start Business in India


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Franchise India – Business Opportunities, Franchise Opportunities #start #online #business


#franchise business opportunities

#

Top Business Opportunities

Franchiseindia.com is world’s # 1 franchise website and an Entrepreneurs’ daily dose. Under the aegis of Franchise India Holdings Ltd – Asia’s largest integrated franchise solutions company, the website provides every minute detail to entrepreneurs on aspect of franchising, franchise opportunities, business opportunities, partnerships, dealers, manufacturing, distribution, retail and much more. Being the world leaders in franchising, investors and franchisors can always count on Franchiseindia.com for rich, competent and millions of fruitful leads and sales. The website is the favorite destination for Franchisors, Startups, Franchisees, Dealers, Distributors, Retailers and franchise prospect seekers.

Franchiseindia.com has unique business opportunities in Premium, Domestic and International domain. For our readers who seek opportunities, we have segregated various spectrum of sections like What’s New for Industry articles and stories, Interviews section for Company/People profile and the news section which offers a daily dose of what’s happening in franchising across the world.

Our investors and opportunity seekers even get an opportunity to get featured in the weekly Franchiseindia.com newsletter that goes straight into the inbox of thousands of brands & investors. Franchiseindia.com also provides a chance to promote the brand directly on the Social Network Websites like Twitter, Facebook, LinkedIn, and more.

Here’s why your brand should be there on Franchiseindia.com

  • Besides, the abundance of business and franchise opportunities, Franchiseindia.com also has regular updates of the upcoming events in the franchise industry like India’s largest franchise show, FRO (National Franchise Retail and SME show), BOS (Business Opportunity Shows) and also all the franchise and retail award shows by Franchise India.
  • Visitors can start a new business by just registering on the website and that too for FREE. Franchiseindia.com users can browse from thousands of brands and choose the ideal opportunity.
  • Franchiseindia.com also updates you with a stable stream of inward traffic and visitors on the website.
  • Advertisers can also take benefits of the books and reports on Franchise India by clicking on the Bookstore section.

Tell us what you think!


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Which is the best business to start in India with 50 lakhs? #atm #business


#best business to start

#

Which is the best business to start in India with 50 lakhs?

There are several kinds of businesses in which you can dive in like

1. Digital Marketing

With only a small amount of money you can get your business registered and start working. There are several co-working spaces like One Internet ( Co-Working Space In CP Delhi ) who help you in saving your money while also giving you a strong boost on networking, venture capitalist etc. All the registration work along with co-working space rent and your travelling costs will not be more than 25000 INR in a month and to start with a business it is just a minimal amount. You can initially start as a freelancer on the other hand and later on shift to become a full fledged company.

2. Content Marketing or management firm

If you are good at writing then you and your mates can collaborate or you can individually start with a content marketing company. You can keep journalism or literature students as interns to help you with the workload. Plus when you are a one person company the legal pre-requisite are also less. Ask Centrik Budsiness Solutions ( Home – Centrik ) regarding everything legal to get help from.

If you have good connections with the wholesalers and you do have an interest in fashion. You can become a merchant on websites like Snapdeal, Flipkart, E-bay, Instagram etc. You will need a TIN number and PAN number for the same and Centrik helps you in getting these conveniently.

4. Sales Consultant

At a lower investment you can also plan to become a sales consultant for companies like Avon, Oriflame, Tupperware where with a minimum amount of just 150 or so (for Oriflame), you can join the company and start selling their products.

5. Home Made Gourmet Food

Instagram has become a booming place not just for apparels but also for Gourmet Food. You can become a home chef and deliver what you know the best. If not through Insta you can also do this by printing pamphlets and get it circulated through the newspaper boy or can promote it on social media yourself or give it to a digital marketing company to do it for you at the right social networking site to gain the right target for you like a one year old startup Digital360 ( Digital360 – Best Digital Marketing Company in Noida, India ) that is creative and convenient for your pocket too.

6. Virtual Assistance

If you are a keen observer and love details you can become a virtual assistant to small business owners who are too busy in growing their business. The cost on your side to start this business is just a laptop or computer along with a stable and fast internet connection.

There are plenty more but everything depends on what you are deeply and keenly interested in and how determined you really are.

Apart from the things you can do, as asked by you that who are the small business startups who are doing really well.

1. Maxtan Healthcare a pharma stat-up by Mr. Kumar Manoj Singh

PS. These are all from Delhi apart from the first name.

I hope you find this answer a little helpful and All the Best for your venture 🙂


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What is the future of the RCM business in India? #top #entrepreneurs


#rcm business

#

Healthcare is undeniably India s largest sector nowadays in terms of both revenue and employment. Healthcare as a whole comprise hospitals, medical devices / equipments, outsourcing, medical tourism and health insurance.

Deloitte Touche Tohmatsu India, a multinational professional service company has estimated that the overall Indian healthcare market today is worth US$ 100 billion and will likely to grow at a CAGR of 23 per cent to US$ 280 billion by 2020.

The Indian medical tourism industry is pegged at US$ 3 billion per annum, with an estimated 230,000 medical tourists arriving in the country. This is expected to double sharply in the next four years to US$ 6 billion.

The healthcare segment has attracted Foreign Direct Investment (FDI) worth US$ 3.41 billion between April 2000 and December 2015, according to the Department of Industrial Policy and Promotion (DIPP).

With this sharp increase, India requires 600,000 to 700,000 additional beds over the next five to six years, indicative of an investment opportunity of US$ 25-30 billion. Given this demand for capital, the number of transactions in the healthcare space is expected to witness a sharp increase in the near future. Increase in number of transactions means a healthy rise in Revenue Cycle Management (RCM) provided the RCM company adapts a holistic approach to the process and provide a complete solution. Those firms that follow this practice will be in a position to grab larger share of market in the future.

Other than this, the outsourced market in the healthcare segment is estimated to be around US$ 8 billion, a majority of which is in the US, followed by India. In a flourishing trend, most of the US Healthcare providers are outsourcing their non-core processes like RCM to third-party service providers in other English speaking countries, where India is choosen as a favourabe destination.

The competitive advantage that India has is her large pool of English speaking, talented, well trained professionals with good analytical skills which is essential for BPO indusry, not to mention the cost competitiveness compared to other English speaking countries. The matured medical education system in the country is also widely appreciated abroad.

Eventhough, apprehensions existed few years back about India s ability to handle complex US healthcare process, now they have been removed, as the RCM players have invested wisely for training and upgradation of systems with in the organisation.

So far the major RCM companies in India have been focussing on large sized hospitals in US, the less than 500 bed mid sized hospitals are untouched. This niche market will become attractive in the coming years for RCM companies to work on.

With the internal development in healthcare business with in the country along with the outsourced businesses, the RCM business in India has a tremendous growth opportunity in the coming years.

What is required to grab a major pie of this business is to keep investing money and time to employ / train periodically the healthcare management personnel and invest on the advanced technology to store, manage and analyse, data which helps in automating the RCM process. With these in place, no stopping India as a future leader in Revenue Cycle Management.

Written 4w ago Not for Reproduction


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Business Ideas with Low Investment in India

There is a familiar belief that starting a business needs a huge amount of investment. This is not the case for every type of business. You can run businesses with low investment, even from your home. India is a land of many opportunities. You can start a business in India with a nominal amount of investment and grow your business. Given below are some profitable small business ideas, with low investment, in India.

List of Best Low Investment Business in India

Home canteen

Running a home canteen is an excellent idea for a business with low investment. You can cook different types of tasty food and supply them to offices, factories, and other customers. Of late, the business of cooking and food supplying has garnered significant popularity and it is a profitable small-scale business. The success of your home canteen will depend on providing quality food and giving timely service.

Dance Instructor

You can work as a dance instructor and this does not require a whole lot of money. You can open your own school or work as a freelance dance instructor. Since dance forms an integral part of Indian culture, many parents like their kids to learn dance from a very early age. Therefore, there are plenty of opportunities for a dance instructor to earn both fame and money.

Fashion designing

You can work as a fashion designer and start your business venture with a low investment. For this, you will need to undergo a full time or part time course on fashion designing. Start with traditional Indian clothes since they are the most sought-after outfits at the present time.

Data Entry jobs

Data entry jobs do not ask for a big amount of investment. If you have a computer at home and Internet connection, you will get a host of data entry jobs by sitting at your home. Data entry jobs are outsourced to freelancers and other organizations so it is not so difficult to grab a project. However, you should remember that you have to finish the task within a certain time period. Filling up forms online is a popular example of data entry jobs on the Internet.

Affiliate Marketing

Affiliate marketing is the method of merchandising the goods and services of another organization on their behalf. Here you work as the affiliate of that organization. Whenever you sell a product, you will be entitled for a commission. The amount of commission will depend on your agreement with the company whose products you are selling.

Web Development

Like other small investment businesses, starting a web development company is possible without a huge amount of investment. If you are familiar with web development processes, you can start a business on your own with a PC with Internet connection and software. Once your business reaches a sizable scale, you can employ a few web development professionals who can run your business adeptly. The most difficult part of this business is getting projects. You have to obtain projects constantly for sustaining your business.

Home Made chocolates

Making chocolates in your home is a moneymaking business. You just have to get the ingredients that are essential to make chocolates at home. After preparing the chocolates, pack them with fancy wrappers to add creativity and make them more attractive.

Event management

Event management is a cost-effective business option for people who are interested in organizing different types of events and functions.

Wedding consultant

Weddings are big events in India and take a lot of time. You can work as a wedding consultant to make things simpler and manage them for people who just don’t have the time to do it for themselves.

Industry/factory tour planner

You can open a business for an industry/factory tour planner with a small amount of investment. Start an agency which will conduct industry or factory trips. Hire a small number of people who are experienced in the job of factory tour guides. Look for contracts from companies that are looking for industry/factory tour planners. This will take some time in the initial stages. However, when the contracts keep flowing in, you will start making money gradually.

First aid instructor

If you have sufficient knowledge regarding first aid, you can start working as a first aid instructor. There are abundant opportunities for first aid instructors in schools, colleges and various educational institutes. You can work either as a full time or part time first aid instructor. Purchasing a first aid box is necessary for this business.

Art and crafts

You can open an arts and crafts stall. Though this type of a business venture requires some more investment than the so-called low investment business options, it is definitely a lucrative venture. There are many people in India who are ardent art and handicraft collectors and they constantly look for these items. They can pay any price for their favorite item. So, think about opening an art and crafts shop right away. You can get a bank loan for this business venture from various financial services providers and banking institutions in India.

Daycare Center

Daycare Center is an excellent business choice which necessitates a trivial amount of investment. The most attractive part of this business is that you can do it from your house. In addition, there is no requirement to make a huge investment on infrastructure. The things you have to purchase include books, toys, and games for the kids. The other things are there in your home. Nonetheless, you might have to redesign your home as per the requirements of the kids. A number of safety measures need to be adopted such as keeping electrical devices in a place which is inaccessible to the kids and meshing the veranda.

Consultation

Consultation is a good business choice to start with a nominal amount of investment. You can work as a financial consultant or a real estate consultant if you have the requisite qualifications and expertise. As a financial consultant, you can guide people on doing the right investment at the right time. As a real estate consultant, you can help people in buying and selling of real estate. Other types of consultancies such as architectural and home design consultancies are gaining popularity.

Child Care

Running a child care unit is also a lucrative business option. However, you have to ensure that you have got the infrastructure and facilities to run a child care center at your home. Remember that you have to be extensively trained in first aid to run a child care center.

BPO

BPO or business process outsourcing is a profitable business in India. Under this process, the responsibilities and functions are contracted to a third party. You will find lots of outsourcing jobs on the web. If you have a PC at home with Internet connection, you can turn it into a home-based business by procuring BPO jobs. Some of the popular BPO jobs include medical transcription and data entry jobs.

Bookkeeping

You can run bookkeeping or accounting business from your home. If you are well acquainted with bookkeeping, accounting processes, and accounting standards, you can look for bookkeeping jobs that can be done from your residence. You need a computer with Internet connection and some accounting software packages that you need to install in your PC.

Mobile repairing

The mobile repairing business is also a moneymaking business. Since mobile phones have become an integral part of our day to day life, servicing and repairing mobile is essential whenever a problem occurs. You have to hire experts who have the understanding of the ins and outs of mobile and cellular phones.

Computer repairing

Similar to mobile repairing, computer repairing can help you make money. You can run this business from your home. Knowledge of computer hardware and kits for servicing computers are the necessary resources for this business.

Which Business is Good to Start in India


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