Businesses are very important in a nation. It helps in the economic growth of a nation. You can start a small business with low investment. Small businesses are mainly bakery,grocery shops,party planning, car dealerships, etc. Small businesses are the generation of employment per unit of capital. It helps to create our nation from a job seeking nation to a job creating nation. It needs less capital than large establishments.
We can achieve great output from fewer investments. Small businesses can easily adapt to changing the atmosphere. Large businesses are also dependent on small businesses for the completion of their work. It promotes a more equitable distribution of national income.It provides the life of local people by providing them a good income source.
Everyone is not able to fulfill the dream of running a business,because of insufficient capitals. But low investment business ideas are very good ideas. You can earn good profits from these small businesses. It doesn’t need a lot of capital.you can turn your hobby skills into your own business. Lower initial start up cost helps to achieve profitability easily.
We can see a home based low investment business. It doesn’t need more people. We can start this business in the home. It doesn’t need more licenses. It is a hair band making product. It is a demand-able product. It is a profitable manufacturing business that can be initiated from our home . It is a hair accessory. It is used by all girls. We can make different types of fashionable colorful hairballs. We can select metal and plastic bands. Different types of machinery are available to make different types of hair bands.
You should decide the ownership pattern and register the company. Trade license is necessary. GST registration is necessary. You should register your business as an SSI unit. It helps to get grants and financial support from the government. You can start this business from home. You should purchase machinery for this business.
Different types of colorful nylon threads are needed for this business. You can start a small scale unit with an automatic hair band making machine. It has a simple manufacturing process. We can buy raw materials as kilo from online marketing. The price of raw materials are Rs 120 to 250.we can make production of 20 kg raw materials from this machine . It has a 1 hp motor. This machine has a 2 year warranty. We can make 800 hair bands from 1 kg roll.one hair band has 30 paisa production cost. We can sell this material to 60 paisa.
The machine has a cost of Rs 55000. You should select good marketing offline and online. You can make a Facebook page and promote your business. You should publish your business through whatsapp also, you can start a group and forward your business. You should give a brand name.