Topic: Small Scale Business Ideas - page 2. (Read 1903 times)

You definitely need to know at least a little bit of something on the business itself.
Otherwise, you are just subjecting yourself to failure and loss of funds.
There are so many small scale business ideas that you can tap, start thinking about your surrounding environment.
Look for things that you think will be a hit in your neighborhood. You don't need to start from scratch.
You can always imitate the others but you can add something unique in your services or products that will outstand from others.

Small scale business ideas can be implemented based on what you know well and in what service you master. People used to try different business that they aren't used/worked. That is real risk, whether it is small scale or starting from the scratch it is good to go with business that we have better knowledge. When we get into business that we don't have much of knowledge we need to depend on someone else. If they fail to be punctual, it could ruin our business.

Moving ahead with your example, what would be your decision if the expensive coffee shop had better customer relationship than the cheaper one? the answer can still explain better about what I meant by loyal customers sticking to the shop they like despite getting products more expensive. A shop that sells at a cheap rate could be overwhelmed with customers, not everybody would wait to get served. So, they'll have no option than to stick to the shop with a bit more expensive product, yet fast in responding and serving their needs. Hence, with your example, you'd notice that with this example, price is definitely what brings the relationship between the seller and the buyers. But, being concerned about the comfort of the buyer, can play a big role in retaining them, to visit some other times. Taking a food restaurant for example, some sell very high than their competitor and still retains customers. Due to the quality of food they provide to the customers across all branches. These days buyers want to be treated right and respected. Regardless of how much you charge them for the products.

I won't think people who repairs tires and motorbike etc. can earn a lot. As this is also a skill I can say, without the skills of mechanic it is very difficult to repair the bikes in fact we can easily repair the tires as we can learn it form others. But I think there are some specific knowledge needed for the motorbike repairing which can be better in the future for the person.


And specially I didn't understand about your drinking cup business as you said earlier? What is meant by that? Is it any way of earning the cups or arc you talking about any restaurant in which a person can sell tea or coffee so he can earn from that? Also having a restaurant is a better business but it didn't come under the small categories because it requires a lot of money.

Because it can have a big influence on the shop that is run, and service can also affect store sales. we take the example of other shops or other businesses, for example coffee shops, many coffee shops today because it is a trendy place to hang out especially among young people, and the greatness of young people looking for a place to relax is a coffee shop or caffe. What I have experienced, I have visited a luxurious coffee shop with a high selling price per item, but their poor service made me lazy to visit the coffee shop again, in contrast to the other coffee that is simple and affordable prices with good service, can treat customers well, and it makes me comfortable to enjoy coffee or other menus. So service can also determine people to visit our shop or our business. because if with a comfortable waiter they do not hesitate to come back, there is even the potential for them to give good news to others and invite them to come to our shop. And service can also bring people who will become loyal customers who can even become friends to chat. right what you said, if the first store can be controlled properly, then you can reopen a new store, and not only grocery stores can be other stores as well to become a business.

choosing a small scale business to venture into depends on the environment you are located and the needs you find in that environment that is not yet solved or that had been solved but by just a few individuals. Like in a locality where I visit most often, there major concern is that they don't have access to electricity and bore home and during the dry season, they struggle a lot getting water to running house hold stuff, if you are leaving in such environment you can think of digging a bore while and you just buy mini bus and some fetching bucket you can use in distributing the water to house hold hold and every months they will be required to pay you a certain amount. Depending on the capital you are able to raise fit your business, if you deliberately look out for problems that are unsolved in your society, you will find lit of them you can venture into

Reducing prices is great way of getting more customers. When the next shops increase prices and it's important to maintain the company price. And still offer quality products. It'll yield more trust from buyers and fetch new customers. The new customers we should expect are those who don't feel right about the prices other shops provide and wants to check elsewhere. But, they're customers that believes, since this shops sells at this rate, that shop would also sell at same rate. Unless someone tells them about getting same product and quality at a cheaper rate in the other shop. What I mean is that the loyal customers of the other shop owners still wouldn't mind buying at their favorite shop owner's shop. But the cheaper shop would definitely gain more customers in the street where they reside. Expanding quickly; building more in different province would be detrimental to the growth of the business. The growth of such shops still take years to get to a big sized shop like a mini super market. When running such a business it'll be great to hold tight the environment we started and win them over for years. Then establish a new one elsewhere, when we are sure about the solidity of the first shop. Thereby building the next one with the income the first one generates. And maximizing profits due to the increase in demands. Or maybe selling some products from the first in the new one. That would be a better idea and also reduce the risk of losses.

I admit this business is very promising, with a small capital I have already made a profit, as long as the taste doesn't change when our rice stall is busy,

The risk of going stale or not being finished can actually be avoided by cooking just enough, not too much,

Any business model or idea is a great idea and can bring us profit. The most important thing is our efforts, because even if we sell products that are trending, if we are lazy we will never succeed. For me, whether doing business or working as an employee, effort and never giving up are the keys to success.

I have also seen many people working in offices but still having a prosperous life, small business people also becoming rich...We don't necessarily have to become entrepreneurs or do big business to become rich.

that’s a good idea you already know there’s a demand for a specific product so you just need to study your target audience better probably the challenge you will face with this kind of business is since it’s because it’s in demand, for sure there are already a lot of people who have started the same business

what you’re gonna want to do is elevate the product and make it unique so that you’ll attract customers that are already loyal to that product

Yes it is like that, even shops like this around my house are not just one so indeed shops like this have fierce competition, as I said by differentiating prices a little cheaper then they will pursue shops that have cheaper prices even though the price difference is very small it can affect their marketing. also this shop will have loyal customers like you said, they will shop because it is convenient at an affordable price.  With basic needs every day, it is possible that a shop like this will not be extinguished by always providing basic necessities that will definitely be sold every day. But of course there will also be definite risks, by managing it well it doesn't matter, even if you can manage it well it could be faster to reopen a gerosir shop or grocery store in another place because as I said there is the potential to grow quickly because by differentiating prices a little cheaper than other stores.

It's not that easy how you mentioned the things here. Friends barely trust young entrepreneurs without any experience. For example, let's say I want to open a shop and I ask my friends to help me with some money. Most of them will deny it because I don't have experience in this field. Microfinance NGOs does not give loan to any start-up. They give loans to existing businesses only. For example, you have a shop and you have to show them it to get a loan. They won't give you a loan to start your business. If you talk about loans from governments, it's impossible in my country. I have never seen anyone getting a loan from the government. I never heard about it. I don't know if it exists or not.

It won't be effective if I don't know where you live. I will be easier to suggest to you when I know where you are. like at my place, drinking cups, tire repair, and motorbike washing are small scale business ideas that are very popular until now. But in different places, the industries needed are also different. So look around you and make the most of it.

However, I run a small transport company with just 8 buses and 3 cab, with this my little business I can also invest in Bitcoin and accumulate so frequently but I am not yet to invest into Bitcoin based on how I am planning to arrange things so when I start to accumulate I will not be pressed with it.
The only key that can make our investment move forward is only if we have a little business that can provide capital, with this little business, one will invest in Bitcoin and accumulate Bitcoin, after the capital before we can talk about the strategy we can use to accumulate.
 

This idea is good one not only Chinese but all citizens who wants to settle a business should survery the location where he desires to put the foundation of business because if one settle a business where there is no population will not be profitable as profit always depends on number of buyers.

One should use sweet words as it is famous that those who speak sweetly can sell even less demanded materials. Small businesses idea is suitable because if you have no experience then start from small one as there is no need of larger capital to use and also If unfortunately your business did not get successful then your loss will also be less. Always first try to know everything about business because knowledge and experience makes an easy profit.

First of all we need to fix ourselves to the limit. Whether we're doing it on the regional basis or extending it beyond borders. If we're planning to establish our business then first thing is to analyse mind and the need of people. Selling the products that are trending the market will keep us active, but the competence will be quite high. As mentioned by one of the person it is always good to go with business of selling day to day needs. Also we should have the patience and the backing as it can take time to get into better profiting.

These kind of shops generates customers easily, but the competition is too much. I noticed that the business owners, also have their loyal customers. Despite having such a similar shop selling same thing at same price, each of them have specific people that purchase from them. Now, in the bad economy, this type of shops give out their products to those loyal customers on credit. Especially those who live close to the store. Thereby, making them more loyal to the store and expanding their number of customers. But, while in business, it's important to diversify. I know everyone needs those groceries everyday and they buy it. Offering a business that helps them process those raw foods purchased from the shops is a great business move. Most people enter business because others do, and end up winding it up. While in search of a small business idea, we must observe the needs of people living around the environment or the type of audience interested in buying the product. For instance, where timbers are sold, we should think of providing a chain saw machine to the environment, because they must need it. Instead, of joining the masses in selling timbers, opening a place where the timbers are being cut into different sizes would earn us good profits. Providing the needs of the store owners is very crucial in boosting our profits. Another instance, is opening a shopping bag store close to the shops where food stuffs are sold. The sellers need the bag to package goods for customers and the more they make sales the better the profits of the bag seller. It only requires some time, until the whole sellers, in the vicinity, begin to patronize the business.

Although the business that is run is small, but if the business has a grocery store it is quite promising. Because the basic needs of people that they certainly always need every day, for example rice, cooking oil, and vegetables. That's the basic needs of everyone in their daily lives. so even though the grocery store that is run is small, it will definitely run well if it is managed properly. And also there may be potential to grow quickly because of the basic needs of people who will always run out every day. And this is something that rotates every day.

And also a grocery store does not need or is not too concerned with good marketing or more marketing. as long as we don't take a lot of profit from one item, for example, other stores sell rice at such a price and they sell rice at almost the same price as that store but below the store's price (close enough) this will be a consideration for mothers who always shop for their daily needs and they will also certainly pursue stores that have lower prices even though the price is only slightly different. So in my opinion, if you open a grocery store, you don't have to take a lot of profit as long as it is running and crowded with buyers.

Capital has always been a major factor that affects investors or young entrepreneurs and the reason is that most of them don’t plan before thinking On going to a business.
Planning here means preparing a sequence of action steps to achieve some specific goals. Planning is really good because it enables the entrepreneurs to analyse the viability of a project to determine whether the project or venture is likely to succeed before looking on the amount of capital that can carry out the project.

There are many ways entrepreneurs can finance a proposed project but it all depends on the level of his or her feasibility studies ,
1. A young entrepreneur can get capital from friends
2.From some micro finance banks
3.From government depending On the level of the proposed investment.
4.Family can also assist if the project is small scale business .

The shop business selling daily necessities is very promising, because every day the goods sold are needed by other people, even though it is relatively small, over time you can increase the goods sold so that it develops into a bigger shop and makes people interested, because anything can be found there. . Therefore, don't underestimate small businesses, where the income is not necessarily less than that of an office employee, There are people selling ice at my place right now, because the weather is hot, and it turns out their income is fantastic