10+ Big Business Ideas

A powerful idea is the foundation stone for a business, and turning this idea into an opportunity makes it a reality. Not many can manage to establish a successful business due to several challenges that come in the way. For some, managing finances becomes a barrier and for some an unrealistic idea may do the harm. In any way making the business work is something very few people are able to achieve.

 

Even so, getting financial support to start a business is feasible these days with the availability of business loans. However, a good and realistic idea comes from research and planning.

 

Here are 10+ big business ideas that can help you make your business a reality:

1. Cloud Kitchen

Cloud kitchens, or popularly known as a virtual kitchen, is a virtual space that only delivers food and does not have a dining area. These kitchens do not have a physical dining area for customers. They only deliver the ordered food to the customer.

2. Virtual Event Planning

As events transition online or adopt hybrid formats, virtual event planning has emerged as a lucrative business. This involves organising and managing online events, ensuring engagement for all participants.

3. Dropshipping

This e-commerce model allows entrepreneurs to sell products without holding any physical inventory. By partnering with suppliers, you can create an online store that minimises upfront costs and risks. 

4. Textile Unit

Textile is a booming industry in India and contributes to a significant percentage of India's GDP. However, to open a textile unit, you would need to manufacture different types of fabrics and supply them to the fashion and apparel industry. Once you secure the required investment, you can set up the textile unit in an area that is well connected and close to the demand centres.

5. Rice Mill

India is an agrarian economy and rice is one of its major products. Our country is also the l\\argest exporter of rice, which makes rice milling a profitable business. A rice mill plant is fairly easy to set up once you have arranged for the capital. Rice mills usually need a setup of around ₹2-3 Lakhs for a small-scale plant, while larger plant setup can exceed ₹80 Lakhs for higher capacities and automation levels

6. Beer and Wine Making

In the past few years, the wine industry in India grew to about ₹1,620 Crores, including both domestic and international wines. In fact there are projections that it might reach over ₹5,800 Crores by FY2030. Hence, a beer and wine business is a great idea for a start. Even if you don’t know how to brew beer or wine, you can always learn from the experts.

7. Manufacturing Fabrication Plant

Metal fabrication refers to the process of creation of metal structures by welding, cutting, bending and assembling processes. Fabrication is required for all types of manufacturing industries. However, you will require engineering skills, high-end machinery and skilled manpower for this business. Although this is a capital-intensive business idea, a Bajaj Finserv Business Loan can help you set it up in arranging the capital at competitive interest rates and also quick approval.

8. Crane and Lifting Service

Lifting equipment and related services are always in demand, especially in the construction industry. However, you must be ready to invest in industrial cranes and hoists to begin this business.

9. Transportation Services

A transport business is relatively easy to start and can be scaled as you acquire more profits. You can either start a cab service, bus service or even a bike rental as per the transportation demand in your area.

10. Car Parking Services

Given the rapid increase in personal cars in the country, finding a parking space is not only difficult but also expensive. Hence starting a parking service business is a good business idea If you live in a city. You can either take the land on lease or use your own land for the car parking business.

11. Managing Marriage Halls

In India, there’s no dearth of events and celebrations. Owning a marriage hall can fetch you a hefty income. Managing a marriage or banquet hall business is thus one of the most lucrative businesses in India. If you have a substantial amount of funds in hand, you can use it to buy or build a party/marriage hall that can accommodate 800-1000 people. 

12. Luxurious Car Services

This business involves buying luxury cars and leasing them. Many people rent luxury cars on special occasions like marriages and birthdays. This business is especially lucrative in metro cities.

13. Electronic Store

We now live in the electronic age where every aspect of our lives is tied to electronic devices. For starting an electronic store, you will need to invest in various types of electronics right from home appliances to mobile phones and cameras.

14. Art and Collection Shop

If you are a professional artist, you can easily start your own art and collection shop. However, this type of business will require substantial marketing efforts so that more and more people are aware of your business.

15. Managing a Night Club

If you are a party animal and love music and dance, you can make others groove by starting a nightclub. Night clubs are quite in demand in metro cities as well as small cities. However, starting a nightclub requires a huge investment as licence, premises and sound equipment are essential.

16. Managing a Poultry Farm 

Poultry farming has become a popular business enterprise in rural areas. Besides meat and eggs, poultry also yields manure, which is valuable. Hence, this becomes an added profit for the business. You will have to invest in feeders, farm houses, egg trays, lighting instruments, crates, incubators, waste disposal systems and more.

17. Solar Farm

Solar is the future of energy not only in India but in the world. Hence, large solar farms are being built all over the country to generate renewable electricity. The electricity generated from a solar farm can be used for both personal and commercial purposes. However, building a solar farm is a capital intensive business, but the long term returns are worth the investment.

18. Auto Modification Services

If you are an automobile enthusiast, this is a wonderful business idea. Car and bike owners who are passionate about driving, love to modify their vehicles and add a personal touch to it. They are even willing to pay a hefty price for the modification. However, this business requires a creative mind and a large investment for the modification equipment.

19. Gold Ornament Shop

In India, people buy gold for every occasion, right from birthdays and anniversaries to religious ceremonies. Hence, starting a gold ornament shop can be a lucrative business opportunity, provided you choose the location carefully. You need strong finance to start a gold ornament business as it includes all the licences, the shop, the gold stock, the artisans and many more things.

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.