Business Ideas For Beginners In Sri Lanka – Choosing a good manufacturing business idea with less than 1 lakh in 2022 – 2023 is the main key to get success in your small business. Also, if that business idea requires a low amount of investment, there’s no better time than now. There are various business ideas that can be started with 1 lakh and have 100% success rate worldwide. A business idea is an idea that can be used for profit usually applied to a product or service that can be offered for money. An idea is the first step in the process of building a successful business.
The easiest business to start is a service business, especially for a beginner. A service business is any type of business where you sell services. In other words, you are selling your skill, work or expertise not products or products. If you don’t have startup capital, there are still many business opportunities out there. These are the most common ways to make money online by offering digital services.
Business Ideas For Beginners In Sri Lanka
Businesses with a better chance of success are service-based businesses, not retail businesses. In a service-based business, like lawn care or dog walking, your focus is usually local rather than national, which means less competition.
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A business plan and a minimum amount of investment are not enough to start a business. You may have a bunch of business ideas in your mind, but making those ideas work is all business needs. And there are times when those ideas will push you to change to a different decision, usually due to a lack of proper direction. This is where many entrepreneurs struggle to find a balance to achieve their success. You must have heard many stories of entrepreneurs who were full of struggle at the beginning of the business, especially with investments and ideas and because of their hard work, confidence and new ideas, they achieved success. .
To have a successful business, you need the best intentions and confidence and you must be clear on the business plan before you enter a business arena. To ease the hassle, here are some business ideas that can be started with less than 1 lakh investment and with 100% success.
Candle is one of the products that are always needed and a very popular business that wants to start with low investment. The need for candles ranges from religious rituals to decorative purposes especially in festivals; the demand for candles is very high. Around Rs 20,000-Rs 30,000 is enough to start a candle making business and it can be started in a small space like your home.
The raw materials and some candle making materials are enough to start the business and later you can increase it according to the need.
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Pickle making is another common business idea and very popular in India. You can’t find a house without at least one pickpocket exchange. Therefore, if you want to start with low investment, pickle business is an easy and safe option. Apart from the Indian market, the demand for Indian pickups is also high in other countries. Around Rs 20,000-Rs 25,000 capital is enough to start the business and with your new ideas, you can do a lot in future.
Indian spice industry is growing due to high demand abroad. The business of exporting aromatic plants has also grown, due to the increasing popularity of meditation in many countries of the world. The price of automatic and semi-automatic agarbatti machines starts from Rs 50,000 and can be used for mass production.
Buttons and lace designs are the most important and decorative materials used in the clothing industry. With increasing trends, marketing opportunities abound. Laces and fasteners are always in demand and are also sold in different countries, so it is a good choice for individuals who want to start a business with low investment. You just need a small space to start this business and have a minimum investment of Rs 25, 000-Rs 50, 000.
Everyone loves to make ice cream, and it is the most popular dessert today from kids to adults. Due to the increase in the consumption of ice cream, the demand for ice cream is increasing. Therefore, it is best to start a small batch ice cream maker. And definitely this idea can be a viable business option and you can start this business with around Rs 1 lakh to Rs 1.5 lakh investment. However, you can also run the same business on a large scale using your own infrastructure and high-end equipment.
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Chocolate is not only a mood booster but also a stress reliever and when it comes to chocolate, India tops the food chart. According to Mintel, sales of sweet chocolate in the retail market increased by 13 percent between 2015 and 2016 in India. Both hardware and accessories need to be purchased. However, if you want to start more than that the price can go up to Rs 2 lakh-Rs 3 lakh approx. This business is one of the best options for those who want to start a business with low investment and this particular business holds many advantages and profits.
The process of making noodles is simple and requires basic ingredients such as wheat flour, spices, salt, starch, sugar, vegetable oil, etc. You can find both semi-automatic and semi-automatic pasta machines in the market. Making noodles is not that difficult and the demand for noodles is always stable. With new ideas and creativity, you can make noodles in a different way to attract customers while cutting noodles into any shape and size. The low capacity pasta maker price is around Rs 40,000 and the price tag is around Rs 1.5 lakh.
There are no activities, outings, work etc. without plates and bowls. It is widely used by street vendors and retailers. Due to low cost and growing demand, the market for disposable dinner plates and bowls is ripe. They are the first choice in many locations and the required investment to start this business is around Rs.50, 000. The major part of the investment is the purchase of plate making machines.
With the world moving towards a ‘plastic free’ earth, this is the right situation for a jute bag manufacturing business. The use of these biodegradable and recyclable “golden filament” products is increasing every day. Making jute bags and jute is simple and easy. And to start this business, a minimum investment of around Rs 50,000-Rs 1 lakh is enough. You can start this jute bag and products business in a small area of around 500 sq ft.
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Natural soap making is one of the most popular businesses on the market and it’s a good time to start a small business. Demand is high in today’s multi-billion dollar market. All you need are raw materials such as glycerin, essential oils, herbs, mold, microwave, and more according to your production. To start a small soap business, you need an investment of around Rs 1.5 lakh to Rs 2 lakh and it can be started from home.
People these days are more aware of the use of oil and many of them prefer to use natural products. And they have no qualms about paying a price for good natural products when it comes to their beauty and health. Therefore, starting a small coconut oil manufacturing business is a good idea, as its investment is also low at around Rs 1 lakh.
The Indian Smartphone market is growing even as the global market is within reach. According to the International Data Corporation (IDC), the Indian market saw a shipment of 32 million units in 2019. Among many Smartphone accessories, tempered glass is in high demand, these items are made in hot machine and must pass tests such as. fracture test, hardness test, and yield test. As one of the important components for smartphones, starting a Tempered glass manufacturing business is a good option and the cost to start this business is around Rs 75,000 and Rs 1.5 lakh for high end.
Property management services business is one of the growing businesses in this busy life. To start this business all you need is to communicate well with people who can help you organize the event, for example, if you need to organize a wedding, you must be in good relationship with the person who provides the food , the decorator, the DJ person and others who are always available for you to make all the plans on time.
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By organizing parties, you get event management fees that are yours