New ideas are crucial to a business being able to improve processes,bring new and improved products to the markets. It increases efficiency and profitability.New ideas help to expand the range of ideas beyond your current range of thinking. A business needs an idea to invest and creates sales and profits. It helps to invest in more products and services and increases the growth of a business.
You should always be thinking about new ideas. An idea is a starting point for entrepreneurs. An average person has many ideas. Hard Work,persistence, adaptability are the three important skills of a successful entrepreneur. He should be a motivated and energetic person.
Strong determination, listening to others,willingness to improvise,passion helps him to a successful life. Business ideas are the base of the pyramid when it comes to business. We can start a small business with our family and friends. You should start a business with new marketing, new technology and new benefit ideas.
You always convince investors and consumers. Past work experiences are important to start a business. Think about your strength ,goal and resources. Research the market. Then create a detailed business plan. Arrange the fund for business. You should have the ability to satisfy your customers .
Today we can see a new business idea starting at low investment. Systematically approach the production, marketing, purchase,promotional activities. It helps to make a good profit from your business.
We can start a business with ethakka (banana). It is available in our place a lot. We can make baby food with raw bananas. We will get a good profit from this business. Do not add any type of preservatives.so we will get a good demand in markets. You should take care of the hygienist of this product. They will prefer your product.
We can sell this product for Rs 1000/ kg. We can use raw bananas ( ethakka) for it. Remove the skin and wash well. Cut into small slices and wash again. Dry well and grind fine powder. Make a good packet and sell it to the market. It needs raw materials. We can buy bananas from markets . And we can start with the help of family members. We can start this business with low investment. We need a packing and sealing machine. You should create a brand name . Register your trade marks.
It needs a food safety license, legal metrology certificate, GST,Local authority license. Marketing strategy is very important. We can market offline and online. We can sell this product to supermarkets, medical stores etc. You can promote your product through social media also. You will get a good profit from this business.