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Covid-Proof & Recession Proof Business Ideas To Start In 2021!

Covid-Proof & Recession Proof Business Ideas To Start In 2021!
Covid-Proof & Recession Proof Business Ideas To Start In 2021!

The year 2020 came with its own share of problems. And while we thought 2021 will bring some relief, it is needless to say that this year was nothing less than a nightmare. However, if there is one thing that we all must learn from living through pandemics and lockdowns, it is to understand that a lot can change in a year.

While many people lost their jobs, many others became entrepreneurs. In 2020 along, more than 15 startups joined the elite Unicorn Club.

The pandemic has turned the tables around. Many businesses also went downhill as the year progressed due to the lockdown restrictions and economic crisis. It forced the business world to come up with new solutions and startup plans for new business opportunities.

So even though we were stuck inside our homes, many businesses found a way to stay afloat with the ‘Hassle-Premium’ approach. The bigger hassle a product or a service resolve, the bigger premium a business receives.

With the recent events of 2021, many are not putting too much hope into the year ahead. However, contrary to the popular belief, if you have the passion and unique MSME startup business ideas, this could be a perfect year for starting your company.

If you do not have any ideas, worry not! You can discover 25 Business Ideas that you can start this year with low investment. You can also watch video on this:

We have hand-picked three brilliant covid-proof and recession-proof startup plans for a new business that you can start with low investment in 2021:

  1. Online Prasadam

Every adversity comes with an opportunity; all you need is an eye to spot it at the right time. India is a land of religious culture and tradition. With the lockdown imposed all across the country and the fear of the virus, many religious places in India are closed. People are unable to go to temples, let alone their pilgrim journey to Kedarnath or Badrinath.

However, this also offers a great opportunity to start a business of sending online prasadam. To start this business, you will need minimum manpower. You can set up a call center to offer customers the service of providing online prasadam.

As the customers cannot visit the holy places, they will be more than happy to make their offerings to God. You can charge these customers with a minimum amount and you can deliver them online prasadam after offering it to their respective deities. This will not only make them happy but also give them the inner strength to fight the uncertainties of the current situation.

  1. Office Furniture on Rent

The current COVID-19 pandemic has forced organizations to embrace the concept of work-from-home. Apart from the essential and front-line workers, everyone is working remotely. However, not everyone has a working setup at their homes.

Most people spend half of their time on their beds with their laptops, while others have become a couch-potato. This new normal work routine has given rise to neck and back pain.

One can start a new business by providing office furniture for rent. Where the furniture in many companies is getting mounted with dust and dirt, many employees are looking for an affordable office-home set up. So why not use this opportunity to start up a new business plan?

You can take furniture from the companies on rent and can provide it on rent to those who are looking for a temporary makeshift office set-up right at their homes. Find creative solutions to modern problems, and nobody can stop you from becoming a successful entrepreneur.

  1. Provide Online Tools for Schools

In this new era of learning, technology plays a key role in the process of teaching. If you have a technological background, this can be a brilliant MSME startup ideas. Due to the pandemic, all the colleges and schools are closed. Many small schools cannot afford the expensive setup and technology for online classes. You can develop an online educational tool that connects teachers and students, among many other things.

Not only schools, but you can also provide online learning tools to colleges and institutions as well. You can integrate many other features that will let the administration measure student performance, communication with parents, educational materials, and assessment tests.

Every crisis is an opportunity in disguise. Every breakdown comes with a breakthrough. Every hopeless end can give you endless hope. All you need is true determination, passion, and zeal to follow your dreams.

Every trend comes with numerous startup plans for new business ideas. If you already have an idea but are not sure where to start, then you can take online business training courses. You will a takeaway lot of key learning without which a business can never grow.

If you are an entrepreneur, but your business growth is stuck, you can take ‘Problem Solving Courses’ that cover multiple topics in detail and help you with your business challenges.

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Startup

Start-Up Ideas: 4 Profitable Retail Businesses You Can Start Right Away

Start-Up Ideas | Representational Image (Photo Credits: Pixabay)
Start-Up Ideas | Representational Image (Photo Credits: Pixabay)

Many people dream to start their own business, convert their passion into profession and become successful entrepreneurs. However, there are certain factors that are needed to be evaluated and considered before launching one’s own business. The first and foremost decision in this regard is in which industry should the business be started, which largely depends upon the interest and knowledge of the entrepreneur. Next decision to take is regarding the nature of the business – should the business be started in a retail set-up or a wholesale one. This depends on certain factors including location, finance, logistics, manpower, market conditions among others. 5 Financial Tips for Entrepreneurs Launching a Start-up.

For those who intend to start a business in the retail sector can choose among a range of alternatives available to them depending upon their finances, interest and market conditions. Here are some ideas for starting a retail business:

Stationary Store:

One of the most sought after product line is the stationary. It is an all season business. The demand for stationary items is not restricted only to the school and college students, but it has a vast market. Every organisation needs regular supplies of files, papers, pens, folders among others for both administration and operational work. Even though more and more firms are going digital, stationary still remains in high demand ensuring huge profits for the owner.

Confectionery Store:

Another profitable and ever green retail business idea is to start a confectionery store. With an year round demand, such stores is surely one of the safest business to undertake. Moreover, the list of products available in a confectionery store can also include a range of products, thereby attracting a larger customer base and more revenue. Part-Time Business Ideas for Students: Here are 5 Low Investment Businesses That Youngsters Can Take Up.

Gift Store:

Gift stores never go out of business. Be it birthday, anniversaries or any other celebrations, people look for unique and valuable gifting options to give their loved ones. Even during market slowdown, such products remain in demand. Especially during the festivities, the demand for gifts increase thereby increasing the revenue and sales of the stores.

Florist:

Another business to start as a retail set-up is that of a florist. These days ornamental and unique flowers are highly in demand of decoration purposes. Various event planning and executing companies require flowers on a regular basis and order them in bulk. Every season has its own unique flowers, hence the business never runs out of products to offer.

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Startup

Part-Time Business Ideas for Students: Here are 5 Low Investment Businesses That Youngsters Can Take Up

Businesses in India (Photo Credits: Pexels)

Every person aims to become successful in life and for this to happen, one strives really hard all throughout. However, students, who are taking up their degrees and are planning to have a career in setting up their own business, can actually start with something small at first. This will help one to focus on what their goal should be and how they should be approaching their targets. Earning extra income with work from home jobs, freelance jobs are now in the trend. We often see students taking up part-time jobs for the sake of managing their own expenses.

Let us not forget that some of the popular and profitable businesses were launched by students: Microsoft, Dell, Apple. If you wish to supplement your income by doing business, you need to have a clear idea, a business plan, and a lot of patience and dedication. In this article, we will see some of the possible small businesses for students to earn money by doing part-time jobs or internships, that will help them start their savings and give them an idea to start, manage and grow their businesses in the future.

Start a YouTube Channel

Stating your own channel on YouTube can help you connect to more people in one go. If you are good at vlogging, this is the thing for you. Starting a YouTube channel needs a very little investment. All you need is a good camera, a good quality mic, and a decent background setup to record your videos. Students can use their smartphones, create the content which will be helpful for people, record and upload it.

Blogging

If you love writing, don’t let that skill go waste! You can earn a great deal of money by the power of words. Blogging is one of the most successful ways to make money online. All you need is to focus and articulate your thoughts to come up with ideas that will meet the expectation of the clients. Blogging, which is creating content in text format, can help you mint money in just no time. Your flair for writing can really be an added advantage to you.

Become a Radio Jockey

If you are good at communication and love to talk a lot, this is the right option for you. Along with studies, students can take up being a radio announcer. Once you are known to people, this can be one of the best full-time career options too. Of course, you can initially start with a bit of it to get some additional money. But, this side job can make quite a fortune.

T-shirt Designing

Make your artwork famous by making its presence felt online. What you can really do is, try and take up a T-shirt designing business, initially by printing just a few t-shirts. This is one of the growing and popular businesses in recent times. People usually go in for fancy t-shirts with artwork on it. You can try your luck and design some really fancy and unique style that will appeal to your target audience.

Translator

If you are good at languages, both verbal and written, you can become a translator and help people in their businesses. Companies usually hire translators to understand the core and basics of a language that is little known to them. Interpreting written or spoken material into one or more other languages and ensuring that the meaning and context are maintained, can help an individual deliver efficiently to the clients and corporations.

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Business motivation

5 Steps to Start an Online Clothing Business

clothes business

Convenience has been the driving force behind a plethora of innovations. The COVID 19 pandemic has put a pause on our real-time shopping activities. As a result, the demand for online clothing businesses has risen. Many clothing business websites have been cropped up in the past few months.

According to a paper published by Technopak in Business Today, “the $130-million e-retail apparel has attracted investments worth $70 million, or 40% of the total funding Indian online retailers received in the past two years”.

So if you are an entrepreneur who wants to enter into this segment, starting a clothing business online has a lot of scope in the market.

  1. Find your Niche

Not everyone is your customer. Every business has a niche market, so you need to do your homework. The better you know your customers, the better are your chances to give your customers what they want.

You will be dedicating a lot of time to your business, so research well. Always keep in mind that your clothing business idea is creative and authentic.

  1. Business Plan & Startup Capital

Having a well-researched business plan is very important. A business plan is a road map that will guide you to reach your ultimate destination. From manpower, warehousing, marketing, costing, sales to delivery logistics, and fund requirements, a business plan consists of everything.

Whether you wish to manufacture clothes or want to sell them wholesale, your business plan must be as per your need.

  1. Showcase your USP & Pick your brand name

What sets you apart from the crowd? What makes you different from your competitors? Why customers should buy your product? It could be your designs, your premium quality fabric, authentic patterns, or fine-cuts. Find out your USP and build your marketing strategy on it. It will not only set you apart from your competition but will also attract customers.

Once you have defined your USP, it is time to pick your brand name. A brand name is going to represent you in the market. So, make sure that the name is catchy, easy-to-remember, and crisp. Most importantly, it should define your USP.

  1. Choose an e-Commerce platform

Whether you decide to sell clothes online or planning to set up a clothing store, choosing an e-commerce platform is beneficial. An e-commerce platform will help you to connect your store with your potential customers.

This will give you a platform to showcase your designs to a wider set of audiences. Even those who are sitting far away will be able to buy from you.

  1. Build a Website

Create a visually appealing website. Having an official website can provide benefits to your online business. You can accept orders round the clock, provide excellent customer service, and showcase all your products.

As consumers are likely to stay home for a longer period due to the pandemic, starting an e-commerce clothing business can be profitable. If you are interested in starting one, join our ‘Everything about Entrepreneurship’ course and learn the in-depth concept of the clothing business from the industry experts.

To know more about our course, click here: https://www.badabusiness.com/?ref_code=ArticlesLeads

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Business motivation

Ease of Doing Business in India: 4 More States Complete Ease of Business Reforms, Total 12 States Become Eligible To Mobilise Additional Financial Resources

New Delhi, February 7: The total number of states in India that have undertaken ‘Ease of Doing Business’ reforms stipulated by the finance ministry has gone up to 12 with the addition of four more states. On Saturday, four states — Assam, Haryana, Himachal Pradesh and Punjab undertook the ‘Ease of Doing Business’ reforms. With this, these states have become eligible to mobilise additional financial resources and have been granted permission to raise additional Rs 5,034 crore through Open Market Borrowings.

The ease of doing business is an important indicator of the investment friendly business climate in the country. Improvements in the ease of doing business will enable faster future growth of the state economy, a finance ministry statement said.

In India, total 12 states that fall in the list include Andhra Pradesh, Karnataka, Kerala, Madhya Pradesh, Odisha, Rajasthan, Tamil Nadu and Telangana, Assam, Haryana, Himachal Pradesh and Punjab which was confirmed by the Department for Promotion of Industry and Internal Trade (DPIIT). After completion of reforms facilitating ease of doing business, these twelve states have been granted additional borrowing permission of Rs 28,183 crore.

In May 2020, the government had decided to link grant of additional borrowing permissions to states that undertake the reforms to facilitate ease of doing business. In view of the resource requirement to meet the challenges posed by the COVID-19 pandemic, the Government of had on May 17, 2020 enhanced the borrowing limit of the states by 2 per cent of their GSDP. Half of this special dispensation was linked to undertaking citizen centric reforms by the states.

So far, 17 states have carried out at least one of the four stipulated reforms and have been granted reform linked borrowing permissions. Out of these, 12 states have implemented the “one nation one ration card” system, 12 states have done ease of doing business reforms, 5 states have done local body reforms and 2 states have undertaken power sector reforms. Total reform linked additional borrowing permission issued so far to the states stands at Rs 74,773 crore.

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Business motivation

5 Low-Cost Business Ideas for Young Entrepreneurs to Enhance their Skills

low cost business idea
Promote Your Business Online

‘Success may come to the first movers, but success stays with the fast movers’. Starting your own business is a dream, but if you stay confused about which industry or sector you must choose, you might keep waiting for a long time.

Every business has its challenges, however, if you are determined and confident about your skills you can find amazing business ideas that are profitable in 2021.

For young entrepreneurs who are passionate about making their mark, here is a list of low-cost business ideas:

Repairing of Mobile Phones & Computers

If you are an undergraduate but have dreams of becoming an entrepreneur in India, this idea is perfect for you. If you are interested in computers, you can do simple hardware repairing certification course. It is one of the most profitable low-cost business ideas that do not require you to have any degree. You can set up a shop in your locality and start earning by repairing mobile phones & computers.

Create a YouTube Channel & do Brand Promotions

In this world of digitalization, the definition of entertainment has changed, completely. Today, young entrepreneurs are earning well by creating engaging content and promoting popular brands on their YouTube channel.

Starting a channel on YouTube is easy and hassle-free. It is a low-risk business idea, which is perfect for young entrepreneurs who are filled with unique concepts and exclusive ideas. All you need is a phone and a video editing app to create short videos that scream entertainment.

Become a Translator

Love learning new languages? Then becoming a translator is an excellent business idea for young and aspiring entrepreneurs in India. Various companies in the country are looking to expand their reach globally. They are willing to pay people who can speak foreign languages like Japanese, Chinese, German and Spanish.

So if you are interested in learning a foreign language, you can make good money from this by offering your translation services to individuals as well as companies.

Fitness Guru

Today, people are becoming health conscious more than ever. Thanks to our unhealthy lifestyle and hectic work schedules, more and more millennials are turning towards fitness trainers for good health.

If you are crazy about physical fitness, you too can become a fitness trainer. There are many certification courses available as well. You can set-up a gym and become a qualified fitness guru.

Online Tutor

With BYJU`s joining the Unicorn Club in 2020, online education has become a popular thing. If you have proficient knowledge about a certain subject, why not use it constructively? Due to the pandemic, many students are looking for a subject matter expert to help them in their studies. Becoming an online tutor is an excellent business idea that is profitable and involves no risk. Your subject knowledge can help you earn handsome money.

If 9 to 5 desk jobs do not excite you, fuel your entrepreneurial skills with our amazing business ideas. However, with proper guidance and expert knowledge, you can reach your goal quickly.

What does it take to become India`s no. 1 entrepreneur? Deep insights of great mentors who are ready to help you throughout your journey! And our Everything About Entrepreneurship course provides you exactly that. Why not connect with us for more information?

Take the first step towards your brighter future, by clicking here: https://www.badabusiness.com/?ref_code=ArticlesLeads

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Startup

Small Business Ideas: 4 Businesses You can Start Right Away with Minimum Investment

Small Business Ideas| Representational Image (Photo Credits: Pixabay)
Business Ideas| Representational Image (Photo Credits: Pixabay)

People are increasingly quitting their 9-5 jobs to establish their own businesses. More and more young adults are beginning their entrepreneurial journey. However, one the major limitation the business aspirants face is selecting the right business to start and establish. Not all business ideas are feasible and materialise into an actual start-up. To begin with, entrepreneurs should look for small businesses, which can be started at a small scale with minimum investment. Such businesses can be started with the least number of employees  in a sole proprietorship set-up. Start-Up Ideas: Here are 5 Businesses You Can Establish and Run Under Rs 20,000.
Small businesses can be started easily without much financial or human investment. Here are 4 small businesses you can start right away:

Customised Clothing Business 

One of the most popular and sought after product in the apparel industry is customised clothes. More and more people are looking to have their name, pictures, quotes, symbols etc on their clothes. Starting a customised clothing business on an online as well as offline platform will be profitable. It doesn’t require much investment. However, one should a basic understanding of designing and colour schema. Here are 4 Profitable Startup Business Ideas that Give you High Returns.

Bakery 

Another low investment and big return business is of bakery shop. People are moving towards homemade food options and drifting away from factory-made packaged food items. One can bake cookies, cakes, pastries, cupcakes and a variety of breads an sell at decent profitable prices. Simultaneously, starting an online channel instructing how to bake will provide additional source of income.

Photography 

If one has a knack for angle, dimension and can capture the aesthetics beautifully, then photography is the business to go for. All one needs to do is set up a website and social media pages displaying your photographs and creating an awareness about your business. It is also a well-paying, all weather business.

Online Book Store 

Despite the coming in of various tech products, many avid readers prefer books over screens. Create an online portal through which people can exchange, rent and purchase books. All one needs to do it make a network of book readers, source books (used, new) and create awareness about the book portal on social media.

Many small businesses have proven to be highly successful and profitable for the entrepreneurs. Continuous and dedicated efforts by the start-up owners ensure long term survival and success of the business.

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Business motivation

Here are 4 Profitable Startup Business Ideas that Give you High Returns

high returns business
अर्थव्यवस्था में हो रहा सुधार

A brilliant innovative startup idea alone can create a game-changing business. If we trace the business history of India, we will realize that the market is the playground for ambitious entrepreneurs.

These ideas, if well-executed, can build you a company with low investment while getting you the highest possible returns.

If you feel you too have the business acumen to influence the market but do not have an idea, to begin with here is a list of business ideas:

Event Management Company

If you love to hang out with people, building a strong social network, exploring venues for parties and events, meeting with sponsors, and doing everything that requires you to be on the field 24 x 7, then this business idea can make your dream come true.
Event managers can barely spend any time in the office. Hence, with a good marketing strategy, you can earn lakhs and crores.

Wedding Planner

Indian weddings are a matter of fascination for the entire world. Whether the economy is going down or booming, weddings never go out of fashion. From an intimate and personal affair to ‘big fat Indian weddings’, the wedding industry presents great opportunities for those, who love planning, decorating, and building social networking.
The initial investment is not typically low, however, the returns are in lakhs and crores once the business scales.

Food Catering Business

Everyone loves delicious food! Every occasion like parties, birthday ceremonies, anniversaries, and weddings require great food to make it even more enjoyable. Hence, venturing into a food catering business can be an ideal deal.

For a food catering business, all you need is a kitchen and small staff to cook lip-smacking cuisine, serve, deliver and manage logistics.

Travel Agency

As the millennial-generation has started spending money on exploring various places, the travel industry in India has witnessed a boom in the past decade. Keeping to traveler`s changing needs, this business idea is perfect for aspiring entrepreneurs to invest their money.

Initially, do not invest money and tie-up with a host-agency instead. By doing so, you will get help with ARC, IATA, or CLIA numbers faster. This step can help you earn higher commissions while keeping your costs low.

As Walt Disney said, “If you can dream it, you can do it”. On that positive note, we would like to say just one last thing. So while each of the above-mentioned business ideas has its fair share of risks & surmountable barriers, they also hold great potential to make you the next successful entrepreneur.

If you too are looking to make a great start with innovative business solutions, join our popular ‘Everything about Entrepreneurship’ course. Visit https://www.badabusiness.com/?ref_code=ArticlesLeads now

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Startup

Start-Up Ideas: Here are 5 Businesses You Can Establish and Run Under Rs 20,000

Business Ideas| Representative Image (Photo Credits: Pixabay)
Business Ideas | Representative Image (Photo Credits: Pixabay)

As the start-up ecosystem in the country is blooming, more and more individuals are looking to establish and run a business of their own. They are quitting their secured and salaried jobs and venturing into a world of uncertainties yet extremely rewarding Start-Ups. The start-up mania is not only restricted to the larger places in the country, many highly talented and skilled people from tier – I and tier-II cities and even rural areas are planning to start their own business.  One of the most important criteria while making the decision about establishing a start-up is the availability of funds. How to Start a Coffee Stall Business Under Rs. 20000.

Many start-ups find it difficult to survive in their initial days owing to shortage of funds or irregularities in funding. Some of the people who want to start their own business also give up on their dreams owning to lack of adequate funds. However, there are certain businesses which can be started without much investment. Here are 5  start-up ideas to establish and run business under Rs 20,000

Bakery 

If you have a knack for baking delicious and mouth watering cakes, cookies, pancakes, chocolates among others, starting a bakery is the perfect idea. Home-made food items are especially bakery items are in huge demand. More and more people are avoiding ordering cakes from commercial bakeries and looking for home made alternatives. Opening a bakery is a perfect low cost idea for people looking to start business below Rs 20,000.

Ice-Cream Palour 

Another food related business idea which is low cost as well is to a ice-cream palour. You do not need an elaborate  or lavish set-up to start the business at least. One can place the order on credit with any supplier. The initial investment requires a good refrigerator and a little advertising about the launch of the shop and wait for the inflow of customers. February 2021 Shubh Muhurat Dates: Lay foundation for New Business venture on these auspicious dates.
Candle Making 

Different varieties of candles are very much in demand. They are used to give as gifts, mementos, saviours among others. Various scented candles are highly popular these days. A bit of creativity and artistry is all what you need to have to start this low cost and investment business.

Pottery Articles 

These are people are moving towards more eco-friendly products. The demand of pottery products is increasing. It is an extremely low cost business idea to start any time. All of new to have is some mud, a potter’s wheel and knowledge of pottery making.

Pet-Care Centre 

If you are found of pets and like to spend time with them, then you can start a pet care centre. If does not require much investment just a spacious arena and few facilities. It is extremely well paying as more and more pet owners look for well equipped and furnished set-up  for their beloved pets.

These are some business ideas which you can undertake to establish and run the business successfully without any hurdles and without worrying about the sources and regularity of funds.

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Business motivation

3 Brilliant low-investment Online Businesses to Start Now!

onlline business

Have you lost your job recently or want to quit your dead-end job to follow your dreams of starting an online business? If you can feel yourself nodding, then keep reading!

The Indian startups of today are the MNCs of tomorrow that can go a long way in achieving the goal of ‘Astmanirbhar Bharat’, Prime Minister Narendra Modi said, after laying the foundation stone for the permanent campus of IIM-Sambalpur in Odisha through video conference.

According to a report published by Forbes India, ‘the Indian startup ecosystem flourishing rapidly, with more than 25 startups becoming a billion-dollar company and joining the Unicorn club.”

Now, when the growth is so phenomenal, it is an excellent time to start your online business. But firstly, it is very important to understand that your perfect online business idea should consist of three things:

a). It should be something you like doing

b). It should be something you are good at

c). and it should be something that is in demand and you get paid for it.

So whether you already have a business idea, or are confused about it, worry not! We have curated a list of 3 low-cost online business ideas that you can start this year:

  1. ONLINE BOOKKEEPING

Just like so many other professions, even bookkeeping has gone online. If you are an accountant or a college student who is good with numbers, you can start offering your services online to companies. All you have to do is set-up a client account and manage it online.

  1. LANGUAGE TRANSLATOR

Despite the technology taking the front seat, the demand for skilled translators is soaring high. It is one of the best online business ideas that do not require any investment. All you need to do is build your profile online on various sites that are looking for translators.

  1. AFFILIATE MARKETING

Being an affiliate marketer can be profitable if you know about digital marketing and blogging. Affiliate marketers earn commission on sales by promoting the products of other people. Affiliate marketing is often combined with wth blog writing. So if you have a blog page that is both engaging and followed by users in large numbers, becoming an affiliate marketer is an excellent low-cost business idea.

The online business ideas we have mentioned above do not require a huge investment. In fact, they are brilliant zero investment business ideas. If you want to have a business on your own, learn the most essential things that you will require when setting up your start-up with our Everything About Entrepreneurship course.

It will give you some of the simplest tips and will guide you from the beginning and throughout your journey. To know more about this course, visit https://www.badabusiness.com/?ref_code=ArticlesLeads and we will get back to you!