Many people today dream of starting a business. However, the great majority hesitate due to the misconception that big money and infrastructure are required. In fact, there are quite a few businesses that could be commenced in even a tiny space in a small hut or shop. With good planning and government aid, such businesses could truly make up to ₹1,00,000 per month.
What Is the Business Idea?
The business we are talking about comprises small ventures that may be food processing, handicraft, or rural service units with a very low investment but high market demand. For example: a small snack-making unit, processing of dairy products, tailoring or selling handicrafts. These businesses require no fancy infrastructure: you can start off from a small hut.
Govt Support for Small Businesses
Various scemes run by the central and state governments help promote small-scale businesses and self-employment. Under the schemes like PMEGP (Prime Minister’s Employment Generation Programme), Mudra Loan Yojana, financial assistance is provided to the entrepreneur. This implies that the entrepreneur can start his business with less amount of personal capital invested. Banks and government agencies provide loans and subsidies in support.
Income Potential of Business
If the business is managed with good planning and marketing, it will very well cross the rupees 1 lakh monthly earning mark. In contrast, a small snacks-making unit can furnish goods to local shops and earn an income. Likewise, tailoring and handicraft businesses will always be in demand, particularly if products are marketed both offline and online.
Why Is This Business Profitable
The highest profit-making factor of these small-sized enterprises is that they require meagre overhead costs. You do not require a big shop or a grand showroom; neither do you need heavy machinery. Operating from a hut or small shed keeps costs low, and the demand for these products ensures steady sales. Moreover, there are many governmental supports for financing, so it does not really matter if your resource base is weak or strong from the word ‘go.’
Conclusion
It is certainly feasible to begin a business in a small hut, but it can also be extremely profitable if done smartly. With loan subsidies available via government schemes, one can, with proper planning, earn even ₹ 1,00,000 per month. This is a great opportunity for those who want to be self-reliant and successful entrepreneurs without