Top 10 Businesses you can do in Nashik under RS 10 lac!!

Entrepreneurship is living a few years of your life like most people won’t so you can spend the rest of your life like most people can’t.

There wouldn’t have been better words to describe the spirit of entrepreneurship.

Today there are many amongst us who not only have brilliant ideas but also have the hunger to start their own setup, to manage a firm, to offer a service, product in a different way.

But the glitch over here is the capital required for starting a Business in Nashik.

However, today’s fast developing world have made low-cost technology available to us which reduces the cost of investment, making it possible for a common man to take the plunge and go for their dreams.

HR AND RECRUITING SERVICE

Initial Capital: Rs.10,000

Can be started from home? Yes

ROI period: 3 months

Expected revenues: Rs.10 lakh (5 years); Rs.20 lakh (10 years)

Recruiting the rightly skilled employees for an organisation and retaining them is an important aspect of any business.

However, not every business is ready to invest in recruiting and retaining their staff.

This gives a scope for your business which is HR and Recruiting Services.

All you need to do is to be able to place a skilled candidate where his skills will be used aptly.

Beyond recruiting, there is also scope for managing the human capital through HR processes of a company.

Requirements: An MBA degree in HR will enhance your profile although a full-time experience in the same field can also make you as fit for the business.

If you are not trained already, pursue a short course or workshop at a well-known institute.

For the office, an office space, phone, fax, printer, laptop, internet connection, visiting cards and other stationary will be required

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TRANSLATION SERVICES

Initial Capital: Rs.10,000

Can be started from home? Yes

ROI period: Immediate

Expected revenues: Rs.20 lakh (5 years); Rs.40 lakh (10 years)

As the world moves towards Globalisation, there is need to be able to interpret in various languages around the globe.

On daily basis, there is various formal and informal content that needs to be translated into various languages which cannot be accomplished by a single person. This is where a translator is needed.

If you are good at any language and confident about translating an official document, you can as well take projects from bigger companies for the translation.

This may involve a lot of legal and medical related content for translation. Upon teaming up with a few more translators on other languages can come with a firm of your won that can provide document translation on various languages around the globe.

Requirements: A certified course or a hands-on experience in one or more foreign languages.

if you are trained already, then getting a certificate from the well-known organization will add to your profile.

For the office, an office space, phone, fax, printer, laptop, internet connection, visiting cards and other stationary will be required.

Three Languages You Can Learn In Nashik

Russian Language

Special course of the Russian language for beginners.
Contains 23 video lessons with a lot of helpful content!

Basic French

No background knowledge is needed as the course is made for those who are new to the language.
French

Japanese

Develop your Traditional Japanese Reiki Practice, by developing your use of The 3 Okuden Sacred Symbols.

BOARDROOM FACILITIES

Every year new companies get registered, buy space, open offices in Nashik in various sectors like trading, IT, Retails and many more.

Many companies, especially start-ups cannot afford to buy a space of their own for boardroom meetings or events.

In this case, If you have a space of your own then the best way to use it is as a boardroom that can be rented to various companies for their meeting, event or even gatherings.

With a little renovation and maintenance, you can simply rent this space to these small or large companies and make a business out of it.

Initial Capital: Rs.2 lakh (Assuming you have space)

Can be started from home? No

ROI period: 1 year

Requirements: No training as such is needed in this business.

Space should be at a strategic location, well maintained with parking space available and other prerequisites like projectors, tea coffee machines, smoke detector, fire fighting system etc in place. For the office, an office space, phone, fax, printer, laptop, internet connection, visiting cards and other stationary will be required.

Expected revenues: Rs.30 lakh (5 years); Rs.60 lakh (10 years)

DRIVING SCHOOL

Driving schools are thriving in every city and every locality. The reason is the low investment needed for this business.

As the number of cars and buyers increase on the roads of Nashik City so do the number of drivers.

This is exactly where you can utilize your skills of safe driving and run a business through it.

You need three important things to be able to survive in this business.

1) you need to be able to drive well.

2) have a lot of patience to teach a beginner to drive well and safely.

3) have a car of your own. This is an evergreen and recession-proof business.

Initial Capital: Rs.10,000 (Assuming you have a car)

Can be started from home? Yes

ROI period: Immediate

Requirements: Again no specific training needed in this business, expect that you should be a confidant at driving any vehicle. A permission from RTO to run a driving school. For the office, an office space, phone, fax,printer,laptop, internet connection, visiting cards and other stationary will be required.

Expected revenues: Rs.10 lakh (5 years); Rs.30 lakh (10 years)

SALES STRATEGIES

business in NashikNashik is a fast developing city in India and so the city seems to be a preferred location for many IT companies.

A lot of startup companies are also emerging in Nashik.

Sales being one of the core division of any company, it needs an experienced person at this position.

If you are good at IT sales, you can start a business to look after the international sales for such IT companies.

Appointing a few more candidates will help you focus on various geographical locations.

Initial Capital: Rs. 30,000

Can be started from home? Yes

ROI period: 10 months

Requirements: A hands on experience of working in sales in various international locations. For the office, an office space, phone, fax,printer,laptop, internet connection, visiting cards and other stationary will be required.

Expected revenues: Rs.10 lakh (5 years); Rs.30 lakh (10 years)

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SOCIAL MEDIA ASSISTANCE

As the technology is taking over the marketing strategies, being active over the social media is an important factor for a lot of businesses.

To maintain a social media presence, one must have the basic knowledge of the various platforms used for business branding.

If you are used to the social media and knows how to engage with the audience, there you have a business to start with a low investment.

The business would involve opening accounts of the company on various social and professional sites like Linkedin, Facebook, Twitter, Tumblr, WordPress, Pinterest and other blogging sites.

It would also involve maintained the data provided and providing new information to engage with the customer.

As this is a very important branding and advertising platform, there is a lot of a scope for this business.

Initial Capital: Rs.10,000

Can be started from home? Yes

ROI period: 6 months

Requirements: You should know your social networks well. Beable to write blogs and customer engaging content.

For the office, an office space, phone, fax, printer, laptop, internet connection, visiting cards and other stationary will be required

Expected revenues:Rs.10 lakh (5 years); Rs.15 lakh (10 years)

TAKEAWAY OUTLETS

fast-food-drive-thruDo people love your food? Do you love cooking and experimenting on new dishes? If the answer to above questions is yes, then you have a lovely business to start with just under 10 lacs of investment. People today love trying new food styles, new flavours at reasonable prices.

A takeaway outlet would be a kitchen where you prepare your dishes and a counter placed outside, to take orders, pack food and deliver them to your customers.

Initial Capital: Rs. 4,00,00

Can be started from home?Yes

ROI period: 3months

Requirements: A space for the outlet at a strategic location. Hoardings for marketing, menu cards, utensils for the kitchen, chairs and tables in the waiting area, packing material, visiting cards and other stationary will be required.                                                                                                                 

Expected revenues:Rs.10 lakh (5 years); Rs.20lakh (10 years)

RAINWATER HARVESTING

investment option in nashikRainwater harvesting is a mandatory provision to be provided in all new constructions in Nashik.

Every builder is on a lookout for an agency to provide this system to be implemented in their projects. And so here is a lot of demand for rainwater harvesting.

This is a process to collect the rainwater and store it so that it can be used further for the society.

All you need to do is learn the process and be able to implement it.

Initial Capital: Rs.20,000

Can be started from home? No

ROI period: 3 months

Resources: A certified course on the rainwater harvesting process and instruments for the same. For the office, an office space, phone, fax, printer, laptop, internet connection, visiting cards and other stationary will be required.

Expected revenues: Rs.20 lakh (5 years); Rs.40 lakh (10 years)

Sula Wines Uses Sustainable Method

A 3-phase watershed management project that aims at harvesting rainwater and excess irrigation runoff is currently underway at Sula’s Samant and Dindori reserves.

COACHING CLASSES/HOBBY CLASSES

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If you were good at studies or a particular sports, you can consider starting to coach students in those fields. Today parents give an equal importance to the sport or extracurricular activities as much to the studies.

This would require very little initial investment. If you can manage to teach the students well, through word of mouth, the classes can get a lot of popularity.

Seed capital: Rs.10,000 (Assuming you have free access to sporting facilities)

Can be started from home? Yes

ROI period: Immediate

Resources: You must be a player of some repute and level. For some sports, you will also be needed to be certified as a coach by the relevant sporting body.

For the office, an office space, phone, fax, printer, laptop, internet connection, visiting cards and other stationary will be required.

Expected revenues: Rs.10lakh (5 years); Rs.15lakh (10 years)

MOBILE GARAGE SERVICE

This business is for the mechanics and the engineers. When the car breaks down, it need not necessarily be near the garage.

At this time when someone knows mobile garage service, then why would one look for garages around? You may need a kit of spare parts required, a motorcycle to travel, a phone and an assistant.

You may also consider an annual contract with car customer through the dealers.

initial capital:Rs.1 lakh (Assuming you have some transport of your own)

Can be started from home?Yes

ROI period: 1 year

Requirements: No specific training needed for this business. A vehicle, phone, and assistant will be needed for this business. For the office, an office space, phone, fax, printer, laptop, internet connection, visiting cards and other stationary will be required.

Expected revenues: Rs.10 lakh (5 years); Rs.20 lakh (10 years)

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