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What are the best small business ideas?

By Finserv MARKETS - Aug 27,2019
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Best Small Business Ideas

Thanks to the advent of the internet, changes in consumer preferences and the development of niche markets and products, everyone is becoming their own boss. Imagine being able to choose your own clients, your own hours and your own workload? Wouldn’t that be your ideal work environment? If financing issues had been keeping you from starting your own small business, you no longer need to worry about the same. Thanks to Finserv MARKETS, you can apply for a business loan online, get approval in 3 minutes and money in your account in 24 hours. In fact, you don’t even need a guarantor to get your business loan approved and there are no hidden charges. So here are some best small business ideas to get you started.

Accounting and Bookkeeping

If you are a licensed chartered accountant or a Chartered Financial Analyst (CFA) degree holder, you can help local and small businesses that may not have financial and bookkeeping knowledge keep their financial affairs in order. Depending on your expertise you can offer services ranging from processing invoices, maintaining payroll to help business owners file taxes and other accounting documents as well as make professional financial recommendations to your clients. Although as of 2017-18 there are over 6.8 crore taxpayers in the country, only 3 lakh chartered accountants are available, out of which only 1.25 lakh serve full time, reflecting a glaring shortage of chartered accountants in the market. (1) Requiring almost no investment to startup and just your time, your own bookkeeping or accounting service can be a lucrative small business idea.

Interior Decoration

Do you earmark pages in magazines to remember the beautiful living room design or perhaps a nice chandelier that caught your eye? Do you find yourself pursuing furniture stores even when you do not need to buy anything? You can use your eye for interior decoration to offer to design residential or commercial places. Start out by using your personal network and offer to help design and decorate friends and family’s spaces. Once word gets out about your eye for design and decoration, it won’t be long before your business and client base will expand. You can charge an hourly rate for your consultancy and even reach out to furniture and design stores to charge a commission for sourcing their items.

Graphic Design

If you have any background in art or design, then graphic design is the way to go for you. While having attended school for the same would give you a leg up in the industry, you can easily learn the skills by taking online courses, many of which are offered to you free of cost. All you need to do is pay for a few universally used computer software used for graphic design such as Adobe or Canva and take a few courses and you are set to go. Start off by reaching out to small businesses in your area which could need anything from a new website to a new logo or even perhaps an email campaign.

Nutritionist

Do you love to eat healthy and guide your friends and family about implementing lifestyle changes to live a better and more sustainable life? Well, then being a nutritionist is in the cards for you. You can share your passion for clean and healthy eating with others to help them achieve their life and health goals. While you will need a registered dietician certification to get your business started, this is perhaps the only investment you will have to put in.

So what are you waiting for? Start up your own successful small business with the help of Finserv MARKETS, which can help you get affordable access to capital through Bajaj Finserv business loan. Bajaj Finserv loan interest rates are competitive and can reduce the additional financial burden that comes with taking on a business loan. Visit Finserv MARKETS today!

Read more on benefits of availing a business loan online only at Finserv MARKETS.

Finserv MARKETS, from the house of Bajaj Finserv, is an exclusive online supermarket for all your personal and financial needs. We understand that every individual is different and thus when you plan to achieve your life goals or shop for the gadget of your dreams, we believe in helping you Make it Happen in a few simple clicks. Simple and fast loan application processes, seamless, hassle-free claim-settlements, no cost EMIs, 4 hours product delivery and numerous other benefits. Loans, Insurance, Investment and an exclusive EMI store, all under one roof – anytime, anywhere!

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Bajaj Finserv Direct Limited ("BFDL"), erstwhile Bajaj Financial Holdings Limited is a registered corporate agent of Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited under the IRDAI composite registration number CA0551 valid till 10-Apr-2021. BFDL also renders services to Bajaj Finance Limited (‘BFL’) and Bajaj Housing Finance Limited (‘BHFL’) (referred hereinafter as ‘Lending Partner’) in sourcing of customers, providing preliminary credit support activities, fulfilment services and post-acquisition customer services related to lending business. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522