Some of the business ideas relevant in today’s market

Posted by on Oct 11, 2014 in Business, Self-employment, Start-up business | 0 comments

business ideas

Entrepreneurship and Business Ideas

Top 10 business ideas for start-ups.

Suggested business sectors:

  1. Food Processing
  2. Textile and ready made garments
  3. Technology [Software Product Development and maintenance, eCommerce, Internet Security, IT literacy, Digital Infrastructure deployment and maintenance]
  4. Social Computing / Social Media
  5. Smart Infrastructure development
  6. Solar Energy and allied infrastructure [MW Solar plants, Rooftop Solar Plants, Trading in PV Panels, Inverters and Batteries, Structural Services to erect Solar Plants, Specialist Electrical Services for Solar Installations]
  7. Automobile Components
  8. Textile & ready made garments
  9. Service Sector [associated with Sea Ports, Airports, Healthcare and Lifestyle segment]
  10. Training [Soft skills, Leadership, Sales and Customer Support Management, Finance Skills, Entrepreneurship Development Skills, Data Analytics, Digital Marketing,

Check this before you go for manufacturing activity.

  1. It would be ideal to take up any manufacturing activity based on product buy-back arrangement [job work] or specific network / market strength in the line of activity considered.  If not we will have to bear credit line to buyers, minimum 6 months working capital (depending on the product cycle), R&D and more.
  2. The other option is going with collaborative model with a foreign company to produce import substitute items in India.
  3. The DMIC corridor, Make in India, and proposed Industrial Estates in Telangana and AP are another opportunity in the coming years.  The focus areas of these projects are many varied items to cut dependency on China made capital equipment and end user products.  These efforts are definitely going to provide opportunities for ancillary industry growth.
  4. The other way to explore manufacturing opportunities is to scout for takeover of sick unit or advertise in local News paper for collaboration / partnership opportunities.  This may reveal some good opportunities.
  5. For manufacturing ventures, it always helps if one of the member promoters come with technical or marketing expertise in the chosen manufacturing activity.
  6. Last but not least one can go for manufacturing activity to produce any innovative product.  Innovation doesn’t mean a totally new product idea.  A small twist and improvisation of any existing product which enhances the utility value at affordable cost can be considered.

Brief on IT sector business ideas:

Software product development is an evergreen sector as long as the product becomes a solution to focused problem and the product is designed with inherent efficiency, security and compatibility to various environments.  Considering the growing patronage to cloud computing technology, smart phone infrastructure, and internet security tools,  there is sufficient scope to devise new products or improvise existing solutions to the newer environments.  The other perpetual avenue is enterprise market constituting ERP and ERP integrated with social computing tools and data analytics.

The other promising business ideas in IT Sector:

Website development:

This is a perennial market.  The challenge, however, remains to be the capability of the organization to develop a professional website [elegant interface, aesthetics, mulsti browser compatibility, efficient loading, nil dead links, user friendly navigation, professional and crisp content compatible to search engines and self declarations for content and design ownership] incorporating digital documents [pdf brochures, e-readers, digital collateral with various presentation options, interactive forms for online interaction by customer for enquiries, feedback, survey, referal, and more].

eCommerce:

Practically many offline business models could be converted to online models.  The approach would be offering of related product group constituting a few items in the initial stage.  The products could be from segments like Lifestyle, Food [especially organic food items], Construction, Infrastructure, Supplementary services to Healthcare, Hospitality and Travel & Tourism.
Success of any online venture depends on right scoping, application efficiency, aggressive and judicious marketing strategy.  Many of the failed online ventures have their root to inappropriate business model, poor infrastructure and/or wrong positioning.  The important advantage with the online business models is that they become attractive for funding institutions or individuals once the initial sustenance is proven with promised future.  Popularity and application efficiency are the foremost attractions for any online business models.

Mobile & Tab Applications:

Again many desktop applications, online applications could be ported to Mobile and Tab platform.  Thus opportunities are immense in this segment.  Any application addressed to customer service, sales, marketing, consumer behavior analysis, analytics has good scope irrespective of any number of competitive products. This market has bright future.

Internet Security.

In the coming one year we are going to witness Digital India through which efficient Internet bandwidth is going to be made available to lakhs of villages.  As the Internet infrastructure grow so the requirement for safe and secure management of such infrastructure. One may think about collaborating with existing security products to be offered in the market with supported maintenance.  This can be combined with Internet literacy offering to the users.

Social Computing and Analytics

The end users for these products are small companies to large corporations whoever have implemented intranet social computing infrastructure and/or Internet presence.

Some of the business ideas in Education & Training Sector:

  1. IT Skill development [Career centric technology training].  Market is inundated with training institutions whose primary focus is volume of business than the quality of content.  Thus if an organization can focus right curriculum with efficient faculty there is enough room for new comers.  Almost 70% of engineering graduates are failing the eligibility criteria in the technical aptitude and professional outlook.  This fact itself vindicates that the existing training and skilling infrastructure lacks right content and approach. This business idea works well in the future as government is looking to collaborate widely with private institutions under PPP model.
  2. Softskill & Leadership development [Govt. of India and Govt. of AP are coming up with special mission to train youth in softskill and leadership development].  This is one of the topmost priorities in India in the path of youth empowerment for employment or self employment.
  3. Multi vocational skill development unit inline with ITIs & Polytechnics. These are going to be in much demand in the coming years.
  4. Education (Professional education / coaching centers / Mentoring hubs )

Few other business ideas:

  1. Stainless Steel Fabrication, Furniture for domestic, commercial and industrial purposes.  Every furniture product should provide the benefits of aesthetics, space optimization, ergonomic advantages, multi-use and must come at affordable cost. Many of the home furniture items can be redesigned using SS, wood, aluminium, plastic or any other composite material.
  2. Trading in Modern Building material
  3. Industry specific help desk solutions
  4. Industry specific Customer Management solutions
The above are just indicative.  However, among other things every business opportunity at the outset has to be analysed considering (i) Promoter’s expertise (ii) Place of business (iii) Product / Service demand in the target areas (iv) Promoter’s equity (v) Government support; and (vi) Competition.
If you need any clarifications may please leave your comments.  I will attempt to answer to the extent possible.  However, if you need personal consulting the consulting fee shall be INR 1000/- [one time].  We don’t charge consulting fee for micro business setup, or students who come from humble background.
Read More

Services to Power sector Projects

Posted by on Sep 12, 2011 in | 3 comments

Services to Power Sector Projects

Infrastructure projects like Power Sector projects need to be precisely planned for optimum utilization of resources and meet the implementation schedules. Continuous monitoring, review and performance management are the highly important factors for these projects considering huge investments with multi-stakeholder delivery model.

Having supported several start-up projects in industry sectors viz., Technology, Power, Construction, Hospitality, Packaging, Food Processing, Retail, Education and Professional Services since the last two years, EPM World has embarked on to Project Management Consulting services to manage Power Sector projects from the phase of Project Initiation to the Commissioning stage.

The consulting division is equipped by in-house and collaborative expertise to meet the disparate nature of project services.

May please feel free to interact with our team to gain insight into each of the service offering or combinational services that EPM World can extend to reap you guaranteed benefits.

Project Management Consulting

  • Power Transmission System Survey using GIS and Conversion of LVDS to HVDS
  • Project Plan Development.
  • Setting up PMO.
  • Deployment of Project Management tools like MS Project, Primavera.
  • Selection and deployment of Project Management personnel.
  • Development and deployment of Project Methodologies, Process documentation, Formats.
  • Training to the entire Project Team on the Project Implementation, Project Plan, Baseline Monitoring, Performance Management and Earned Value Management.
Read More

Do you need a Part time CEO?

Posted by on Sep 12, 2011 in | 2 comments

Part Time CEO

Whether a start-up or an established business at times would find it difficult to fill the requirement of CEO who can steer the promoter’s Vision and bring in definite implementation of detailed processes. We can extend our Part time CEO services on project basis or on short-term basis with guaranteed results under SLAs.

Speaking Assignments Conferences, Workshops, Seminars, Inaugurals

For your technology events, business meets, mentoring sessions, leadership summits or any management related events, you can avail our special services to deliver Keynote address or handling a particular topic delivery before the National or International audience.

Back Office Services For Business / Technology Events

Organizing any event calls for detailed and strenuous planning to precise management of event cycle. May talk to us to handle entire backoffice services for any of your National or International event. We will extend any and all of following services:

  • Event planning
  • Participation Management
  • Drafting and delivering entire correspondence
  • Speaker Panel Mangement
  • Media Management
  • Issuance of Participation Certificates

 

Read More

Business Consulting

Posted by on Sep 12, 2011 in | 33 comments

Business Consulting:

The growth and development of any business depends on the thorough understanding of business, changing market requirements, growing competition, trending technologies and an efficient team that shares and works for achieving the Vision and Mission of the organization.  This aspect is not possible with every business owner considering the time constraints, relevance of his / her pre-business-experience and many other related facts.

As a Business Consulting firm, we can evaluate your business in “as is whereis basis” and work for a right solution to take forward the business to achieve projected growth. We have christened our company as EPM World to denote our service range spanning Enterprise Portfolio Management (EPM). Enterprise functions constitute every thing right from setting up company, formulating detailed business plan, going for commercial launch, conducting operations to achieving sustenance and growth. We may discuss any of your business concerns for a right advice, strategy or service extension.

  • SWOT Analysis and Due diligence
  • Marketing & Branding Strategy
  • Business Development Strategy
  • Collaborations / Tie Ups
  • Drafting Of MOUs, Agreements
  • Content Management
  • Online and Internet marketing Strategy
  • Process Development and Deployment for functional efficiency
  • Information Technology implementation strategy

Our business consulting services and development strategies would guarantee the defined short-term and long-term benefits to the organization.  May talk to us for a free discussion and brainstorming of your growth concerns for a clarified path.

 

Read More

Start-up business services

Posted by on Sep 12, 2011 in | 62 comments

Start-up business services:
Majority of Start-up businesses are raised and run by first generation business owner.  Start-up businesses thus are highly vulnerable for failure.  Around 10% of start-ups achieve true survival.  The reasons for this trend are several like (a) Lack of management expertise (b) improper setup processes (c) poor financial management (d) low productivity (e) bad or insufficient marketing and more.
It is highly essential that start-up industries avail professional consulting services from a matured service provider to avoid failure embarrassment and fast recover investments made.
We will appraise and qualify the viability of  your business idea or suggest you potential business opportunities.  As a start-up owner and budding entrepreneur one need to learn and unlearn several aspects from identification of right business opportunity to commencement of business operations. Thus, every start-up would need expert guidance to optimize setting up costs and accelerate the business commencement. Gathering our experience in entrepreneurship development, we have in-fact dedicated this blog as a business guide to budding entrepreneurs, present businesses and academia. You can visit and understand several aspects in raising your start-up.
You may talk to us either with your business idea or with investment and we will assist you to setup your dream start-up.
  • Business idea formulation
  • Feasibility Study / Report
  • Detailed Project Report
  • Project Finance Syndication
  • Corporate Identity Development
  • Company Name
  • Company Profile Development
  • Content Development For Marketing Collateral
  • Content For Website, Blogs, Social Media Platform
http://www.blog.epmworld.in
http://www.twitter.com/EPMWORLD_EDC
Read More