Small scale business ideas are one of the best ways to start your own business from home. These are small, profitable small scale business ideas you can begin right away. Small scale business ideas in India (for the next decade) are: small scale manufacturing of textiles; small scale engineering services; small scale warehousing and distribution; small scale food processing and retailing. Small scale businesses create jobs, produce money for a small town or village and help an economy grow.
Research and development cost can eat up a big chunk of the small scale business ideas investment, which is why sourcing domestic help is such a wise idea. A research and development company can help the aspiring entrepreneur by providing state-of-the-art technology and equipment to make new products or improve on an existing product. This investment is low cost and you’ll see returns very quickly. If you have the skill and know how, you can even start your own manufacturing business idea. Many small scale manufacturing companies in India started out by using the capital obtained from a grant or inheritance. Getting a grant is not easy as it requires a lot of research and a lot of time spent with the officials.
Many small scale business ideas require a substantial amount of fixed capital. For example, starting a small-scale fruit packing or fresh fruit shop requires purchasing a lot of cheap fruit and vegetable stock, which is bought in large numbers. The fruits and vegetables must be freezing at low temperatures to preserve their quality and freshness. Transporting these goods to market requires a truck or trailer and workers who need to undergo formal training.
To get started in small scale business ideas, you can either get a license or a mentor who can show you the way. Licenses can be bought on the Internet. A basic knowledge of programming languages like C++, Java, Python, HTML, CSS, Java Script is a must if you want to be able to sell your ideas and produce sales.
One of the best small scale business ideas for beginners is to start a small catering service using either a van or a truck. A catering business has the potential to become very profitable. One thing that you will need to do is to sign a franchise agreement with a company manufacturing Teflon coated frying pans and other similar products.
Another good small scale business ideas is to start an air conditioning repair company. You will need to have a van with an attached garage where technicians can change air filters, clean air ducts, change refrigeration coils, install ceiling fans and ductwork. A van is needed to carry all the needed technical knowledge to service residential areas, as there is a lot of traffic in such areas.