Business Ideas: In today’s times, job security is constantly being questioned. Rising inflation and rapidly increasing expenses have driven people to seek additional income or start their own businesses. Many believe that starting a business requires significant capital and high risk, but with the right planning and business acumen, it’s possible to generate significant profits even with a small investment. The Indian government is also running several schemes to promote startups and self-employment. So, with just ₹1 lakh in capital, you can start businesses that can make you financially independent in the future.
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Tiffin Service
The increasing number of working people and students in urban areas has led to a rapid increase in demand for tiffin services. If you have cooking skills, this business can be started for ₹50,000 to ₹1 lakh. In the initial phase, gas, utensils, packing materials, and delivery arrangements are required. You can easily gain customers by promoting your business on social media and WhatsApp groups. With a good location and quality food, you can earn between 30,000 and 60,000 rupees per month.
Mobile Cover and Accessories Shop
Everyone uses a mobile phone today. Consequently, there’s a steady demand for mobile accessories in every city. You can start this business by opening a small shop or stall with an investment of 80,000 to 1 lakh rupees. Mobile covers, earphones, chargers, tempered glass, etc. sell well, and margins range from 30 to 60 percent. If the shop is located in a crowded area, this business can generate stable and good income.
Juice Shop
Due to growing health awareness, the demand for fresh juices and healthy drinks is rapidly increasing. A juice shop can be opened for approximately 70,000 to 1 lakh rupees. This requires a shop or cart, a mixer, a juicer, and fresh fruit. A good location, such as near a gym, office area, or college, attracts more customers. By taking care of proper management and cleanliness, you can earn a profit of Rs 2 to 4 thousand daily.