Business Ideas

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100 Brilliant Business Ideas
100 reasons to quit that job.
By Ankush Chibber
  |  
11 January 2011
We give you 100 reasons to quit that job, cash out those savings, and take the plunge that makes lions out of lambs. The plunge into the world of business… 1. SOCIAL MEDIA ASSISTANCE SERVICE
We have previously talked about how big social media is for big and small businesses both. This kind of business is merely an extension of how well you know your social networks and how best to use them for business clients. Under this service, you could be doing ghost-writing for businesses, posting on their blogs, Facebook, LinkedIn and twitter accounts. You could also actively monitor the networks for mentions of your client and manage them accordingly Seed capital: Rs.10,000

Can be started from home? Yes
ROI period: 6 months
Resources: You should know your social networks. Guides on how to effectively use social media for businesses are available online. Social media workshops have also begun in Indian cities Expected revenues: Rs.15 lakh (5 years); Rs.50 lakh (10 years) Office requirements: One 10×10 room as office space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads) Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority 2. HR AND RECRUITING SERVICE

Not every business can afford a human resources department. Not everyone can afford a big recruitment firm either. There is a gap here that can be exploited, especially by human resources professionals, to start building their own recruiting firm. Further on, you can also actively manage these firms’ HR processes for them, all the time putting yourself to be one of those big firms as well. Seed capital: Rs.10,000

Can be started from home? Yes
ROI period: Immediate
Resources: If you are not trained already, pursue a short course or workshop at an institute like Symbiosis Centre for Distance Learning or IGNOU Expected revenues: Rs.10 lakh (5 years); Rs.20 lakh (10 years) Office requirements: One 10×10 room as office space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads) Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority 3. TRANSLATION SERVICES

Globalization and the positives in business infrastructure mean that even small and medium businesses now work across at least a few nations. But this comes with the hurdle of language in which they invariably need assistance. So, if you know any language of business, you are going to be in business yourself as translators are in big need. A translation service would be required to interpret all sorts of documents, but their greatest source of revenue will be legal and medical companies. You can specialize in the one or two languages you speak fluently, or you can hire other linguists to translate dozens of other tongues. Seed capital: Rs.10,000

Can be started from home? Yes
ROI period: Immediate
Resources: If you are not trained already, pursue French at Alliance Francaise, German at the Max Mueller Bhavan, Spanish at Instituto Hispanico, Chinese at the India China Chamber of Commerce & Industry and Japanese at the Language School of Indo-Japan Chamber of Commerce Expected revenues: Rs.20 lakh (5 years); Rs.40 lakh (10 years) Office requirements: One 10×10 room as office space, laptop (with internet), phone, printer, fax, own stationery (visiting cards + letterheads) Licensing and permissions: You will need a specific permission on running a commercial business out of your home from your local authority 4. BOARDROOM FACILITIES

This is a business idea that, though a tad expensive, can bring in huge revenue over time. Most small and medium businesses do not have boardrooms of their own owing to the space crunch in most big cities. In addition, some do not want to commit that...
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