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2015 Small Business Ideas in India Starting #business #valuation

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Small Business Ideas in India

At present, there are a large number of young professionals who are looking to earn quick money with minimal investment. And with India’s growing economy, there are a lot of possibilities where one can venture into. The ‘Startup India, Standup India’ programme announced by Prime Minister Narendra Modi on Independence Day has been successfully inaugurated in Mumbai’s Thane district. In addition, the Union Finance Minister Arun Jaitley has assured the startups that both the government as well as the banking system would be making resources available to them. As someone who’s intending to enter the world of business, you can soon find a special tax regime that would enable you to foster innovation to an optimum.

Here is a list of business ideas that novice entrepreneurs, having minimal finance options, can utilise to earn maximum profit in minimal return period.

Starting Off with Rs. 1,000

A great business idea to start off with nearly Rs. 1,000 is ultra-short temping services. As a part of this business, the companies provide manpower services on a temporary basis to event management firms. The break-even period for this business is close to 10 months and a gross profit of approximately 20 percent can be expected. An important skill needed to make this business a success is networking. Organizing private tuitions is yet another excellent business idea to earn a handsome income with Rs. 1000. You can plan to be a private tutor by grabbing adequate knowledge about a particular subject. All you need to do is occasional investments associated with purchase of new books in case there is a change of syllabus.

Business Idea for an Investment of Rs. 7,000

A good business idea with a budget as minimal as Rs. 7,000 is a shoe-wash company. Earlier, canvas shoes were cleaned using old toothbrushes and detergent; however, nowadays people have moved on to trendy sneakers and want the shoes to be cleaned by people who are experts in the field, so that the shoes can be maintained properly.

In order to be successful in this business, it is essential to know how to use chemicals and a fair degree of marketing skills are also required. The break-even period for this form of business is at least three months. The businessmen can expect a gross profit of nearly 40 percent in this case.

Business Idea for an Investment of Rs. 15,000

Having a food delivery service is a great business idea if a person has around Rs. 15,000 with them. Nowadays, customers want the best food on their tables without making the efforts to go and get it and this is where a food delivery company can come in handy.

The main skills needed to run this business smoothly are sales and management. This business has a break-even period of two months at the very minimum and can provide gross profits of nearly 20 percent.

Business Ideas with INR 20,000

If a person wants to start a business with Rs. 20,000, they can start making uniforms. Nowadays, even business schools and medical and law colleges are making it mandatory for their students to wear uniforms. Interested businessmen can establish contacts with uniform manufacturing companies and provide dresses at convenient prices. The most important skill in this business is man management and it takes almost a year to break even.

Business Ideas for an Investment of Rs. 50,000

Property management can be a great business idea if you have a start-up capital of approximately Rs. 50,000. The businessmen need to find out a proper workplace and take responsibility for their detailed documentation procedures and thus save a lot of their time. Adequate sales and marketing skills are needed in order to be successful in this business. The company can achieve break-even status within a month and expect a gross profit of around 50 percent. Yet another profitable business venture in this range is phone-based business consulting services. These days, several entrepreneurs are looking to make a name for themselves and the time is right for experienced businessmen to make the most of their skills and knowledge and guide these young enthusiasts with some good business plans. Networking is a critical skill needed to flourish in this business that can take almost four months to come on break-even terms.

Wedding planning is also a good business idea when you have got Rs. 50,000 to start with. Today, wedding ceremonies in India are being organised and celebrated on grand scales and the celebrators might not have the time to properly attend to every little nuance as a lot of time is required in this as well. Wedding planners can help people in such situations. Creativity is the name of the game in this business domain that can provide gross profits of almost 15 percent. However, achieving break-even status will depend on the quality of projects that the company gets.

Concierge services such as babysitting and medical treatment can be started with an initial capital of Rs. 50,000 or more. Network communication capabilities are the most critical skills required to do well in this business that can take at least half a year to achieve parity and give approximate gross profits of 10 percent.

Housekeeping services for hotels is a proper business idea if an entrepreneur has Rs. 50,000 to start with. With the hotels looking to keep their rooms sparkling clean, this is a good business idea. Good communication and man management skills are necessary to succeed in this domain. This business can provide gross profits of almost 20 percent.

Business Idea for an Investment of Rs. 75,000

Pre-recruitment assessment is a profitable business venture if the entrepreneur has a starting capital of around Rs. 75,000. This service can be helpful in letting companies hire the best possible employees. The companies in this domain can chip in by creating the tests at different levels and then evaluating the candidates based on their performance in the same. Good marketing and sales capabilities are necessary for good performance in this domain. The minimum breakthrough period for this business is two months and it can provide gross profits of nearly 25 percent.

Business Idea for an Investment of Rs. 1,00,000

Entrepreneurs looking to offer custom-made chocolates for their customers can get started with almost Rs. 1,00,000. Making chocolates as per food quality standards is a prerequisite. It is important to love chocolates and be creative to thrive in this business. Expected gross profit in this segment can vary between 30 and 35 percent and the minimum period required to achieve parity is a week.

Business Idea for an Investment of Rs. 2,00,000

If an entrepreneur knows intercity and interstate bus routes really well and has almost Rs. 2,00,000 to invest straight away, then a bus service website can be regarded as a good business opportunity. The website can also provide information pertaining to the ticket rates and the channels for booking them.

However, it is essential to have good IT skills to be successful in this business. The minimum period needed to achieve break even in this business is five months and the expected gross profit is close to 10 percent.

Business Ideas for an Investment of Rs. 3,00,000

A good business idea with a start-up capital of Rs. 3,00,000 is that of custom-made festival gifts. The entrepreneurs can choose innovative gifts, wrap them in an eye-catching manner and then send them to their clients. The entrepreneurs need to be sensitive, creative and understanding and have a good knowledge of gift-makers in the town. It can take at least three months to achieve parity in this business, which can be expected to provide gross profits of almost 20 percent.

Entrepreneurs with such start-up capital can also go for the online ads service business. They can have contacts with the website owners and then get the appropriate space, which can help the clients get access to their target audience.

The owners should have good knowledge of networking and media planning in order to be successful in this business. The minimum time required to come to break-even status in this business is a year and the anticipated gross profit is 20 percent.

Starting a Small Business





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Starting A Small Business: Introduction #loans #for #women #in #business

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Starting A Small Business



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Starting a business – Canada Business Network #small #business #ideas

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Starting a business

Want to be your own boss? The idea of starting a business is appealing to a lot of people and can be very rewarding. This information will help you plan for a successful start to your entrepreneurship journey.

Get ready to start a business by doing the research and planning that will help you launch your project.

Access guides and checklists for starting different types of businesses.

Find out how to write a business plan and access templates, sample business plans, market research information and statistics.

Find out about available sources of financing for your start-up business.

Choose the right name for your business. Your business name should be unique and easy to remember, and should describe the products and services you provide.

Find out about the requirements to register your business with different levels of government.

Learn about permits, licences and regulations that apply to your business.

Explore some of the resources that can help you with hiring and managing employees as well as paying a variety of taxes.

Trying to decide where to locate your business and how to arrange it once you get there? Consider your options.

Are you ready to start a business to further your non-profit organization’s mission or generate income to support its sustainability? Find resources to help you manage and grow.

Date modified: 2016-03-17

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How to start a vending machine franchise: Starting a business advice and business ideas #business #email #address

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How to start a vending machine franchise

Vending machines are pretty much part of our everyday lives. Drinks, snacks and all manner of personal goods are dispensed into our waiting grasp at the push of a button. But just because this process involves no human interaction doesn t mean the machine did it all by itself.

A vending franchise is the means to this end and it often proves to be a surprisingly varied career opportunity.

What is it?

The world of vending machine franchises is not large but considering the products on offer, it is significant. Unusually among franchises there are a number that can be run on a part time basis as well as full time so you can largely choose your hours. Although be aware this is not the case with all.

Drinkmaster largely does what it says on the franchise. It provides machine dispensed coffee, tea, chocolate and soft drinks as well as soft drinks like orange, blackcurrant and so on.

The franchisee s job is to promote the brand to potential customers throughout a designated territory, deliver products and provide customer care. And although it is their job to grow the territory, they have an existing client base from day one.

SSL International is the parent company of Durex vending, which services mainly pubs with condom vending machines. Unlike the others this is only a fulltime franchise but you make your own appointments so is therefore still flexible in terms of hours.

Some technical aptitude is required for the work as you are required to service machines as well as re-stock and collect money. But to really grow the business, you will also need to find new business so a good way with people is also a helpful attribute.

A Vendor supplies bottled Evian and Volvic flavoured water to any public space that might provide a marketplace: schools, leisure centres and so on. This is really a part time franchise at least to start with 10 machines can be serviced in one day. It is ideally suited to people who want an extra income.

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Pros and Cons of Starting a Lawn Care Business #business #loans #bad #credit

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Pros Cons of Starting a Lawn Business

Updated August 25, 2016

The smell of fresh cut grass is intoxicating, but it isn’t the only reason to start a lawn business or consider yard care as a home business idea. There is ample opportunity within this service sector and the ability to customize a business to fit your specific desires and needs. Consider the following pros and cons of starting your own lawn care home business:

Pros:

  • Stable Repeat Business: Lawn care accounts are perpetual, meaning ongoing and consistent. Your customer base will need their lawns mowed once a week, making for a stable book of business.
  • Revenue Generating Consumables: Not only do people need their lawns maintained, they need special fertilizers and treatments for weeds and bugs nearly every 4-6 weeks. These treatments would be considered “consumables”, meaning reoccurring product usage, and this business feature makes for an attractive business model.
  • Scalable: You can start by offering one service (mowing lawns) and build out to other service offerings like landscaping services, new sod installation, gardening, tree trimming, weeding…etc. The myriad of options available will allow you to scale up as customer demands change.
  • Customizable: There are so many ways to tailor this business to fit your needs or expertise. You can choose to be a sole proprietor. who literally does it all, or you can be the marketing genius who manages multiple lawn care teams from your home office. You can decide to go after residential contracts (the B2C route ) or commercial building contracts (the B2B route ).
  • Entry-Level Workforce: If you scale up and need employees, the majority of this type of workforce needs no formal education and is able to learn on the job. This means no expensive training or recruiting costs. Beware, however, this workforce typically comes with a higher turnover rate.
  • Franchises Available: If you are interested in purchasing an existing model to work from, there are many proven and reputable lawn care business franchises available for purchase. Additionally, you can consider purchasing an existing business. which will provide you with an existing customer base and equipment.
  • Seasonal: Excellent for those individuals who have summers off (i.e. teachers or full-time students or people whose professions revolve around winter climates).

Cons:

  • Seasonal: Unless you live in an area where winters aren’t bad, your customer accounts go into hibernation by mid-October. If you are looking for a year-round business, you will need to find something to diversify your product offering (i.e. snow removal) to keep business up and running through the winter.
  • Start-Up Expenses: Depending on the type of lawn care business you decide to build out, you will need equipment and something to transport this equipment with. This may require up front cash and in some cases, a sizable amount.
  • Competitive: Open your phone book and you will find a number of lawn care businesses in your area. If the market is too oversaturated, you will find the need to compete off price and this will cut into your gross margins. Research your area and if possible, speak to existing lawn care companies about what they are experiencing in your area.
  • Some Economic Risk: When economic times get tough, existing residential customers may find the need to cut non-essential expenses, and for many, outsourced lawn care is one of those.

Now that you understand the pros and cons of a lawn care business. here is what it takes to fund, set-up and market a lawn care business out of your home.

Estimated Start-up Costs :

To start a business from scratch, you could range from $500 (cost of a lawn mower. trimmer and leaf blower) for a one-person shop up to $100k for an existing business purchase. A franchise purchase will vary. Lawn Doctor is one of the top ranked lawn care home business franchises and they charge approximately $80,000 to start-up one of their franchises.

Earning Potential:

According to figures from Entrepreneur.com, lawn care and landscaping business owners earned anywhere from $5,000 to $50,000 in their first year, and as much as $160,000 to $250,000 once they were in business a few years. They also indicated that businesses were charging anywhere from $20 to $85 per lawn cut (all dependent on size, slope and other factors).

Getting Started:

  • Check with your city government or local Chamber of Commerce to see about business licensing and insurance requirements.
  • Find a separate area in your home to set-up your office .
  • Prospect for initial B2B or B2C customers via mailers, cold calls. door-to-door visits and flyers. Consider setting up a booth at a local fair or community event to attract leads. Once you have some account prospects lined up, consider purchasing equipment (you don t want to jump the gun, purchase everything and end up realizing you can t get your business off the ground).
  • Purchase or acquire needed equipment and supplies based off your product offering. Check for local wholesale/contractor rates on consumables and other needed tools.
  • Provide excellent customer service and go above and beyond in your relationship marketing .
  • Look for referrals from existing customers (this will be the blood line of your business)and always look for opportunities to up sell existing accounts with additional products or service (weed treatments, fertilizer, gardening. etc.)

Referral Rebates: This is a word-of-mouth marketing business. Most customers will come via referrals from your existing customer base. Incentivize your customers with a bonus or an account credit to encourage them to tell everyone they know about your great service.

Lead with a Loss Leader: What is a loss leader. It is essentially giving something away in hopes you snag a customer for life. Offer a promotion where you give away a lawn treatment at cost or give the first month of mowing free. Your initial revenues will be slow, but your goal is perpetual income and long term accounts.

For more in-depth information, check out this great lawn care business article from Entreprenuer.com.





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How to start a window cleaning business: Starting a business advice and business ideas #business #colleges

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How to start a window cleaning business

What is a window cleaning business and who is it suited to?

Window cleaning is not all buckets and suds and step ladders. It s a lot more dangerous than that. If you believe research conducted by Churchill Insurance way back in 2004, window cleaning might even be the most dangerous job in Britain. Thankfully, it s not quite as risky as such surveys suggest: things have become a little safer with the passing of time. Window cleaners now have equipment that allows them to completely eliminate the need to work at height, Damian Whittaker of the British Window Cleaning Academy (BWCA) explains, Modern window cleaning is no longer the dangerous job it once was.

Action point: Need a loan to start a business of your own? See how we can help here and here

Perhaps because of this dangerous reputation, window cleaning has suffered from something of a poor public image in the past, but don t let that deter you. Window cleaners come from all all walks of life. While a City background may not be what you expect from the MD of a successful window cleaning company, there are many who have just that.

Christopher Turner, who set up The London Window Cleaner in 2006, for instance, is a former hedge fund manager. I was actually in a hedge fund for the charitable sector; and I spent eight years in charity work before I left, he says. There are lots of people in the business from the City. I got out because I wanted to go back to something that was fundamental, something practical and useful and that would always have a market.

A City background is not a prerequisite of course although it might help with your start-up costs. Window cleaning is often a family business and, according to Damien of the BWCA, there are a few husband-and-wife teams around. Like most start-up businesses, entry is limited only by commitment and interest. In times of downturn especially, many people who have lost their job use their redundancy payment to start a business in something like window cleaning. So if you want to take up your squeegee and ladder, don t let the scare stories put you off. Read on for our tips on how best to start up.

Ready to get started? Find out everything you need to know about how to start your own business here .

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5 Tips for Starting a Successful Business #small #business #investors

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5 Tips for Starting a Successful Business

When you start your own business, you re certain to hear a lot of different advice. Most of it will come from people who don t know the first thing about running a successful company. Turn to the internet, and you ll be overwhelmed by a multitude of articles and lengthy lists on the subject. Don t make the mistake of overthinking and overanalyzing it all. A few simple steps now can start your business down the path toward success. Here, we outline the five basic tips we ve followed to help us run our company.

1. Begin with a detailed plan.

This one is a must: Develop an in-depth plan that fully details how you ll attack the challenge ahead. Your plan should define any opportunities you ve identified, clearly state your mission, describe your target, establish measurable goals, and set deadlines for each milestone along the way. Remember that while it s important to have a plan, it s equally vital to be flexible enough to pivot when needed.

2. Get out there and network.

Our business would not be where it is today without all the professional networking we did when we first started. We continue to emphasize networking today. Until you ve established your business, you ll need to create your own word-of-mouth. Be your own brand ambassador, touting the benefits of working with your business and showing why people should give you a chance.

Start your own momentum. A wealth of events, trade shows, and networking groups exist to connect you with other professionals. These initial connections can lead to future business prospects, mentors, and strategic partners with the capacity to help grow your business.

3. Surround yourself with the right people.

The right mentors and strategic partners aren t the only people with whom you ll need to align. Surrounding yourself with a great team is equally important. Build your staff with smart, talented, and driven employees who share your vision. They can not only transform your business but also accelerate its growth. Hiring positive, can-do employees helps create a culture that encourages teamwork. Foster an environment in which everyone participates, so you can collectively celebrate your company s successes.

4. Stay ahead of the curve.

You can t afford to be rooted in the present and solely focused on the day-to-day. It s crucial to keep one eye focused on the future, including upcoming movement in your industry. If you aren t anticipating the next big thing, you re destined to fall behind. Successful business owners study trends and anticipate what s coming around the bend. This allows them to nimbly adapt and evolve.

Stay current on emerging issues in your field by faithfully reading trade magazines and websites. Keeping pace as your industry changes assures you ll have your finger on the pulse to predict what customers will want — and which direction your competition might move.

5. Find a healthy work-life balance.

Running a successful business requires an inordinate amount of time and energy. It s paramount to find a healthy work-life balance, even though it can be a challenge to do so. It s easy to let work dominate your life. Don t. It could result in your losing touch with those whom you consider most important. It s also crucial to take care of your own health and well-being. Your business can t run without you. You might believe you need that perpetual hustle to stay sharp and succeed. But that pace can and will burn you out, ultimately limiting how much you can achieve if you don t take time for yourself.

Find ways to maintain perspective and preserve healthy relationships outside of work. Set aside time to get your body active in ways that energize and invigorate you, and schedule catch-up time with friends and family. They ll help recharge your batteries and inspire you to persevere as you dream even bigger.

Copyright 2016 Entrepreneur Media, Inc. All rights reserved.





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8 Tips For Starting a Photography Business #business #calculator

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8 Tips For Starting a Photography Business

I am often asked for advice by those starting out in the photography industry. And if there’s one thing I have no shortage of, it’s advice. So with that in mind, I present you with my 8 Tips for Starting a Photography Business.

#1. You Are But One of Many

People will ask you what you do for a living. When you respond with, “I’m a photographer,” 9 out of 10 people will reply, “Oh! I’m a photographer, too!” If not, they will respond by informing you that one of the following people they know is also a photographer: husband, wife, son, daughter, brother, sister, cousin, niece, nephew, next-door neighbor, co-worker, mailman, mailwoman, doctor, roofer, midwife, pharmacist, grandma, or their Corgi.

“Oh my gosh, my former brother-in-law’s next door neighbor’s estranged ex-daughter-in-law is also a photographer.”

Brace yourself for this. It will happen almost every time. You will have to smile and pretend to care.

#2. If You Are Making Money, It’s Not a Hobby

A bona fide business needs to be bona fide. As in, legitimate. This will require applying for and receiving all the necessary paperwork one needs when conducting a legitimate business: business license, tax identification number, register for state and local taxes, register your business name, etc…

If you accept money for your services, Uncle Sam needs to know about it. And this is one Uncle that will not be swayed with cries of, “But this is just a hobby.” Uncle Sam is not known for his sense of humor, so don’t try to get cute with him.

#3. Being Your Own Boss is a Blessing and a Curse

When you are your own boss, no one will make you do anything. This is both a good and bad thing. When you own your own business, you are the boss, which means if YOU don’t make something happen, it never will. You will have to push yourself to be organized, motivated and on top of things. Sounds easy? It’s not. Not by a long shot.

You always have to be thinking 6 months down the road. You have to learn to be pro-active rather than re-active. It also means that you can make Casual Friday every day if you want to. And if you have no employees, it means that you are always the most popular in the office.

#4. You Must Sell

It doesn’t matter how great of a photographer you are, if you can’t sell your work, you won’t make money. This is not to say that you shouldn’t strive to put out quality work you should. It’s much easier to sell beautiful work than it is to try to sell work that has to be explained.

“I know you can’t see their faces. See, the reason the background is bright and the subjects are so dark is because this session is from my signature “Silhouette Series.”

Yeah, try to sell THAT.

The ability to sell your photography to clients is paramount to your financial success. And don’t tell me you can’t sell. I shan’t hear it. No, I shan’t. Listen, if you have convinced a grumpy toddler to eat his vegetables, you have sold. If you have persuaded a hesitant spouse to purchase new living room furniture, you have sold. If you have spoken to a client and based on your conversation, they decided to book with you, you have sold.

#5. Stuff Will Hit the Fan

In your business, there will be things that go so spectacularly wrong that you could sell tickets; situations that you in no way could ever prepare for; things that come out of left field and leave you scratching your head, saying, “What fresh hell is this?”

Because unexpected situations WILL occur, you need to enter into your business as fully prepared as possible. I read an advice column once that urged readers just to “go for it,” because there’s no way to prepare for everything. That’s like telling a swimmer to “just jump in” and figure out how to swim along the way. That’s just crazy talk.

#6. Vodka

This should need no explanation.

#7. There Will Be Days You Won t Like Being a Photographer

This will happen. It might not feel like it now, but it will. There will be days you feel no enthusiasm for what you do. Zip. Zero. Zilch. There will be days you get more excited about a new episode of “The Walking Dead” than you do a new session. There will be days you sigh. A lot.

Yes, there will be days like this…and you know what? That’s okay.

That doesn’t make you a bad person or a bad photographer. It makes you human. I mean, I love my children with all my heart. They are my life and I would gladly die a thousand fiery deaths for them, but there are days I want to sell them to the gypsies.

For no matter how much you love something, some days you won’t like it. You could be feeling under the weather, have a lot on your plate, or going through some other sort of struggle that robs a bit off the joy from something you really love including your photography.

It doesn’t mean you throw in the towel or dissolve into a puddle of tears, declaring to the world, “I CAN T DO THIS.” It means, instead, that you have to push yourself through, armed with the knowledge that EVERYONE feels like this at one time or another, which leads me to my last tip…

#8. Don’t Believe Facebook

You are working hard. You are struggling some days; soaring others. You feel pretty good about yourself and then you open Facebook. And you are hit smack dab in the gut with photographers’ tales of success. They are everywhere. Your newsfeed is crawling with them. They are like ants at a picnic.

Stories of utter business bliss where every sale is HUGE, calendars are booked up 3 months in advance, workshops left and right. Sometimes they are out in the open; other times, they are encased in a clever humblebrag:

“I’m always so embarrassed when my clients tell me how great I am. I mean, when someone says, You are the best photographer on the planet, how are you supposed to respond? It’s truly humbling.”

And you look at yourself, sitting in your yoga pants, feeling as though you are barely holding on and you feel defeated. Discouraged. Ready to throw in the towel. You see a photo of the top of a baby’s head gets 4K likes, and you wonder what YOU are doing wrong.

Allow me to tell you: what you’re doing wrong is reading Facebook. Well, not so much reading Facebook, but believing it.

Anyone can be anything on Facebook. Remember that.

So, enjoy the cat videos, the photos, the humorous graphics and the heartwarming stories. Cheer for your friends doing well, but when it comes evaluating your life based on others’ Facebook posts, beware.

The only place a business is perfect is in a Facebook status.

Now…pick up your camera and go do this thing.

Note. There has been some confusion as to whether #6 can be substituted with another adult libation. I checked the rulebook and the answer is “Yes, of course.” Sorry for the confusion.

About the author. Missy Mwac is a photography satirist, a lover of bacon, a drinker of vodka, a lover of sparkle, and a guide through the murky waters of professional photography. You can connect with her on Tumblr and Facebook. This article was also published here .

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Hello, photographers. For the last two months, I’ve been doing market research for my project Photolemur and looking for different tools in the area of photo enhancement and photo editing. I spent a lot of time searching, and came up with a large organized list of 104 photo editing tools and apps that you should know about.

The Beauty Dish is revered by many photographers for having a soft, but contrasty quality of light. The classic design puts the flash tube behind an opaque or translucent tube cover, which helps eliminate a central hot spot. Like umbrellas, beauty dishes are available with white or silver interiors and can be fitted with a “sock” or grid to control quality and spread of light even more.





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How to start a cleaning company: 8 simple steps: Starting a business advice and business ideas #business #plan #example

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How to start a cleaning company: 8 simple steps

If you’re looking for a low-cost business idea that you can get off the ground fairly quickly with minimal outlays then starting a cleaning business could be the perfect option for you.

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However – bear in mind – because it’s a fairly simple business to start, competition is rife, with the industry dominated by lots of small organisations.

You’ll need to have a clear vision about where you plan to position your cleaning business in this somewhat crowded market and carve a niche for yourself to ensure your start-up stands out.

Read our eight simple steps to get your cleaning venture on the path to success.

1. Determine what type of cleaning business you’re going to specialise in

There are three main types of cleaning company:

  • Domestic – domestic cleaning will involve cleaning people’s homes (normally while they’re at work) and can be undertaken by you as soon as you secure some clients. You may eventually take on staff as your client-base builds.
  • Commercial – in order to clean commercial properties you’ll need a team of people (the properties will be tend to be large office buildings) and it may be that your role is more managerial than on the ground cleaning.
  • Specialised – there are lots of niches to explore, from window cleaning to schools to vehicle cleaning.

Bear in mind your skills set (are you prepared to clean every day or are you more suited to the administrative side of a cleaning business) and where there’s the best market opportunity in your desired area.

2. Research, research, research

As mentioned above – researching the potential market and local demographic will be key in determining the type of cleaning business you should start. If you’re planning on running a domestic cleaning venture you’ll need to ensure that people in the local area are financially able to pay for someone else to do their domestic chores, likewise for a commercial business are there enough viable contracts to win? Market research will also be key in determining your prices (try posing as a prospective client and ringing around the local competition to ensure your pricing point is competitive).

3. Decide on your business model (could franchising be an option?)

From the outset it’s important to think about your long-term plans for your cleaning business. If you’re looking for a business that you can grow slowly and organically and that you can keep control of in the long-run then going it alone is probably sensible. However, to hit the ground running (and if you’re nervous about some of the elements of setting up a business) you could consider franchising. There’s lots of franchises in the cleaning industry with average upfront costs of around £12,000.

4. Budget appropriately for your equipment

Cleaning equipment costs can vary considerably. For domestic cleaners, more often than not the equipment is provided by the households, but if you’re thinking of launching a commercial cleaning company there’s some basic equipment you’ll need to invest in:

  • Equipment trolleys: £250-£400 each
  • Professional vacuum cleaner – £100 upwards
  • Sweeping machine – £200-£2,000
  • Van – £3,000 upwards

It’s important that you ensure any outlays you have to spend on equipment will be counteracted in profits.

5. Create a marketing plan

As well as some initial spend on equipment – it may be necessary to allocate some budget for marketing. One of the hardest elements of starting a cleaning company (and in fact any service business) is building up a client list. Depending on the nature of your business some traditional advertising such as classified listings and flyers could be the best place to start – although it’s worth considering investing in some online advertising as well, such as pay-per-click. particularly if you are offering a niche service (and can therefore go for a specific search term such as ‘Brentwood carpet cleaner’). And don’t be afraid to go out and knock on some doors – cleaning can be a personal business and prospective clients may be more likely to sign up if they meet you face-to-face!

6. Develop a strong brand and build a reputation

Once your business gets underway and starts to gain momentum it’s important to build a brand that you can be proud of – as apart from any marketing spend – you’ll mainly be reliant on gaining customers via word of mouth and personal recommendations. To build a brand identity it’s a good idea to have a logo designed and to have a uniform for any staff with clear branding on it. Subscribing to trade organisations which have a compulsory standard for membership can also help create a professional reputation, as well as getting satisfied clients to provide testimonials. Try to create a USP that isn’t just about price – something that clearly defines your brand as a cleaning business that won’t be forgotten.

7. Managing cashflow and getting paid

As with any new business, cashflow can be sporadic initially – but particularly for domestic cleaners as clients can be somewhat unreliable in terms of how regularly they’ll want you, bearing in mind holidays, sicknesses etc. In addition you’ll need to work out a payment system with clients that works for you. Typically people expect to pay their cleaner cash-in-hand per job but for your cashflow you may want to insist on an advance payment system.

8. Training and regulations

You do not need a license to run a cleaning business but obtaining a criminal records check from the CRB can only improve your image (and that of your staff) as trusted professionals. Training is also not a prerequisite but some basic training such as an NVQ or Cleaning Operatives Proficiency Certificate could give your business credibility.

If you’re going to be taking on staff there’s a number of regulations you’ll need to bear in mind. Typically cleaning work is not well paid – it’s likely that your staff will receive the minimum wage (currently £6.31) so you’ll need to keep on top of annual rises. You’ll also be responsible for employer’s liability insurance and if you’re taking on commercial cleaning jobs you’ll need to adhere to the Transfer of Undertakings (Protection of Employment) Regulations – which state that when you take on a cleaning contract with an office or other business premises you must use their existing staff. Lastly, there’s a number of health and safety regulations to consider, as cleaning often involves working with potentially harmful chemicals.

For a detailed step-by-step guide on how to start a cleaning business read our comprehensive guide here .

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Small Business Ideas in India

At present, there are a large number of young professionals who are looking to earn quick money with minimal investment. And with India’s growing economy, there are a lot of possibilities where one can venture into. The ‘Startup India, Standup India’ programme announced by Prime Minister Narendra Modi on Independence Day has been successfully inaugurated in Mumbai’s Thane district. In addition, the Union Finance Minister Arun Jaitley has assured the startups that both the government as well as the banking system would be making resources available to them. As someone who’s intending to enter the world of business, you can soon find a special tax regime that would enable you to foster innovation to an optimum.

Here is a list of business ideas that novice entrepreneurs, having minimal finance options, can utilise to earn maximum profit in minimal return period.

Starting Off with Rs. 1,000

A great business idea to start off with nearly Rs. 1,000 is ultra-short temping services. As a part of this business, the companies provide manpower services on a temporary basis to event management firms. The break-even period for this business is close to 10 months and a gross profit of approximately 20 percent can be expected. An important skill needed to make this business a success is networking. Organizing private tuitions is yet another excellent business idea to earn a handsome income with Rs. 1000. You can plan to be a private tutor by grabbing adequate knowledge about a particular subject. All you need to do is occasional investments associated with purchase of new books in case there is a change of syllabus.

Business Idea for an Investment of Rs. 7,000

A good business idea with a budget as minimal as Rs. 7,000 is a shoe-wash company. Earlier, canvas shoes were cleaned using old toothbrushes and detergent; however, nowadays people have moved on to trendy sneakers and want the shoes to be cleaned by people who are experts in the field, so that the shoes can be maintained properly.

In order to be successful in this business, it is essential to know how to use chemicals and a fair degree of marketing skills are also required. The break-even period for this form of business is at least three months. The businessmen can expect a gross profit of nearly 40 percent in this case.

Business Idea for an Investment of Rs. 15,000

Having a food delivery service is a great business idea if a person has around Rs. 15,000 with them. Nowadays, customers want the best food on their tables without making the efforts to go and get it and this is where a food delivery company can come in handy.

The main skills needed to run this business smoothly are sales and management. This business has a break-even period of two months at the very minimum and can provide gross profits of nearly 20 percent.

Business Ideas with INR 20,000

If a person wants to start a business with Rs. 20,000, they can start making uniforms. Nowadays, even business schools and medical and law colleges are making it mandatory for their students to wear uniforms. Interested businessmen can establish contacts with uniform manufacturing companies and provide dresses at convenient prices. The most important skill in this business is man management and it takes almost a year to break even.

Business Ideas for an Investment of Rs. 50,000

Property management can be a great business idea if you have a start-up capital of approximately Rs. 50,000. The businessmen need to find out a proper workplace and take responsibility for their detailed documentation procedures and thus save a lot of their time. Adequate sales and marketing skills are needed in order to be successful in this business. The company can achieve break-even status within a month and expect a gross profit of around 50 percent. Yet another profitable business venture in this range is phone-based business consulting services. These days, several entrepreneurs are looking to make a name for themselves and the time is right for experienced businessmen to make the most of their skills and knowledge and guide these young enthusiasts with some good business plans. Networking is a critical skill needed to flourish in this business that can take almost four months to come on break-even terms.

Wedding planning is also a good business idea when you have got Rs. 50,000 to start with. Today, wedding ceremonies in India are being organised and celebrated on grand scales and the celebrators might not have the time to properly attend to every little nuance as a lot of time is required in this as well. Wedding planners can help people in such situations. Creativity is the name of the game in this business domain that can provide gross profits of almost 15 percent. However, achieving break-even status will depend on the quality of projects that the company gets.

Concierge services such as babysitting and medical treatment can be started with an initial capital of Rs. 50,000 or more. Network communication capabilities are the most critical skills required to do well in this business that can take at least half a year to achieve parity and give approximate gross profits of 10 percent.

Housekeeping services for hotels is a proper business idea if an entrepreneur has Rs. 50,000 to start with. With the hotels looking to keep their rooms sparkling clean, this is a good business idea. Good communication and man management skills are necessary to succeed in this domain. This business can provide gross profits of almost 20 percent.

Business Idea for an Investment of Rs. 75,000

Pre-recruitment assessment is a profitable business venture if the entrepreneur has a starting capital of around Rs. 75,000. This service can be helpful in letting companies hire the best possible employees. The companies in this domain can chip in by creating the tests at different levels and then evaluating the candidates based on their performance in the same. Good marketing and sales capabilities are necessary for good performance in this domain. The minimum breakthrough period for this business is two months and it can provide gross profits of nearly 25 percent.

Business Idea for an Investment of Rs. 1,00,000

Entrepreneurs looking to offer custom-made chocolates for their customers can get started with almost Rs. 1,00,000. Making chocolates as per food quality standards is a prerequisite. It is important to love chocolates and be creative to thrive in this business. Expected gross profit in this segment can vary between 30 and 35 percent and the minimum period required to achieve parity is a week.

Business Idea for an Investment of Rs. 2,00,000

If an entrepreneur knows intercity and interstate bus routes really well and has almost Rs. 2,00,000 to invest straight away, then a bus service website can be regarded as a good business opportunity. The website can also provide information pertaining to the ticket rates and the channels for booking them.

However, it is essential to have good IT skills to be successful in this business. The minimum period needed to achieve break even in this business is five months and the expected gross profit is close to 10 percent.

Business Ideas for an Investment of Rs. 3,00,000

A good business idea with a start-up capital of Rs. 3,00,000 is that of custom-made festival gifts. The entrepreneurs can choose innovative gifts, wrap them in an eye-catching manner and then send them to their clients. The entrepreneurs need to be sensitive, creative and understanding and have a good knowledge of gift-makers in the town. It can take at least three months to achieve parity in this business, which can be expected to provide gross profits of almost 20 percent.

Entrepreneurs with such start-up capital can also go for the online ads service business. They can have contacts with the website owners and then get the appropriate space, which can help the clients get access to their target audience.

The owners should have good knowledge of networking and media planning in order to be successful in this business. The minimum time required to come to break-even status in this business is a year and the anticipated gross profit is 20 percent.

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