In today’s times, starting a business is no longer limited to the wealthy. In these changing times, many business models have emerged that can be started with very little capital and, with proper planning, can generate substantial profits. People often have the misconception that starting a business requires a large sum of money, but the reality is quite different. If you have the right mindset, the dedication to hard work, and a budget of around ₹1 lakh, you too can become a successful entrepreneur.

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The key point is that these business ideas are also suitable for college students, housewives, and working professionals, as they can be started part-time or from home.

Speaking of the food catering business, it is an excellent option for those who love cooking. This business can be started from the home kitchen. Taking orders from small events, birthday parties, office meetings, and family functions can generate good income. As your customer base grows, you can also list your food products on online platforms like Zomato and Swiggy. This business is quite popular due to its low cost and rapid growth potential.

The florist business is also a great option to start on a budget. Flowers are always in demand for weddings, parties, festivals, and religious events. A flower shop or online flower delivery service can be started with a small space and limited investment. If you focus on creative bouquets and decorations with fresh flowers, this business can bring you both good recognition and income.

If you dream of opening a restaurant but are limited in budget, a mobile food van may be a good solution. This business can be started by purchasing a second-hand van and installing a basic kitchen setup. By setting up food vans in crowded areas, colleges, office areas, and around events, you can generate good daily sales. Low costs and high flexibility are its biggest strengths.

The spice and pickle business never goes out of trend in the Indian market. There’s always a strong demand for homemade pickles and spices. Women can easily start this business from home. Initially, you can make a limited quantity of spices, mixed papads, or pickles and sell them in the local market. Additionally, you can also expand your products nationwide through online platforms. Purity and taste are the biggest strengths of this business.

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The handmade candle business is also gaining popularity these days. Especially, the demand for decorative and scented candles has increased significantly among young people. Candles can be made at home using just a little wax, moulds, and fragrance oil. They can be sold through online marketplaces, social media, and gift shops. This business grows rapidly due to its low costs and high profits.