Small Scale Business Ideas You can Start in Gurugram India
Gurugram, formerly known as Gurgaon, is an integral part of the National Capital Region (NCR). It is a thriving city, home to the local offices of over 250 of the Fortune 500 companies. The per capita income of the residents of this city is also the highest in the country.
Gurugram also has a flourishing business landscape. Given the high income and standard of living in this city, it’s one of the ideal places to start a small business. There are still some relatively untapped business areas which you may leverage for maximum profitability. In case you are facing cash crunch necessary for starting your business, you may avail a business loan in Gurugram and fund your business venture.
Here are some small business ideas in India, in general, and Gurugram, in particular, which you may consider:
- Healthy fast food delivery
Food delivery is one of the most lucrative business ideas in the present scenario. The segment has ballooned in the past few years and amounts to over Rs. 5.3 Lakh Crore as of June 2019. Admittedly, the competition is high, but so are the returns. You can start a food delivery business with minimum investment and workforce.
- Fitness centre
Most people in the NCR region are health conscious, and a fitness and wellness centre bodes well for the people of this area. Although it’s a capital intensive venture, most of it is a one-time investment.
- Organic products store
The health-conscious people of the NCR region are increasingly shifting towards organic products for daily consumption. As a first step to open a business in the segment, you’d have to find a supplier who deals in organic products. You can also conduct this business online by partnering with one of the several e-commerce sites currently operating in India.
- Party planner
Given the high standard of living in Gurugram, being a party planner is undoubtedly one of the most lucrative business ideas. Most parties are high-expense affairs, and there are a lot of profits to be made. The right contacts are the most important thing for the success of this business.
- Fashion boutique
Gurugram is among the most fashionable places in the country. The high disposable income of this region compliments such a lifestyle. If you can consolidate even a small niche of this market, the returns on your investment will be astronomically high.
Although all of these ideas are for small scale businesses, they all require varying degrees of capital investment. Dipping into personal savings is not advisable when it comes to starting a business, which is why you may consider availing a business loan in Gurugram for the purpose.
It is a well-established fact that business loans keep businesses financially healthy. There are several advantages of business loans which make it the preferred mode of financing for millions of businesses around the country. Business loan interest rate is quite competitive, and it won’t tax the finances of your new business disproportionately.
Business loan eligibility is also quite relaxed. You can easily avail a business loan by meeting these eligibility criteria and presenting a few documents required for a business loan. Repay the loan amount according to your convenience with the flexible tenors they entail.
Commencing and sustaining a business, that too in a high-profile area like Gurugram, can be a challenging task. But if you have the right impetus and a keen business sense, the endeavour can be highly lucrative. For additional funds, you can always avail go to for suitable sources of business finance to fund your business.