i am thinking of starting a new business in India from the scratch so want to know all the details about it?

Question

i love to cook and would like to know all the details to get started and about the minimum amount of capital required to get it started?

Answer 1

With cooking as your passion and possible money spinner business activity, try getting hold of some good packing facility to have / preserve reasonable shelf life of the food, foodgrade and hygienic; the sky could be the limit. Many big companies have attempted but their overhead cost are so high which make the pricing un-viable. Packing and distribution are other major cost factors.

You may start with self preservative food items, such as pickles, jams, sauces, papads etc; small in value and capital investment. but to give a boost to sales you need to have your own retail outlet - atleast one to start with and keeping in mind the mindset of common household.

Their are many other options but need more exchange of information and analysis.

Answer 2

Real estate business in India seems lucrative as there is a lot of people needing houses. The lack of regulation results in people investing in well-known builders. Reputation has become very important for real estate investors and if you want to start a new business you need reputation. So a better way is to invest money in a well-known builder's soft launch and sell the inventory when the property is completed. This way you can partner with a well reputed builder and piggyback on his brand.