Which Business to Start

If you want to start a business, you need to decide the type of business that you want to run.

First and foremost, you have to decide between wholesale or retail, franchise and owning the business, and the products or services that you want to sell. These are some of the things that you have to look into.

Which Business to Start?

You want to own a business but you don’t know which type of business to open. There are many startup ideas out there and it can be daunting to pick the right one. Firstly, you have to decide whether you will have a retail or wholesale business. If you have limited capital, you might as well start a retail store and you will be dealing mainly with customers. You will sell items in smaller quantities while wholesalers deal primarily with retailers. With this type of business, you will need huge capital because you will purchase from importers, manufacturers, and suppliers.

When starting a business, you have two options – starting from scratch and the other one is franchising. The former can be hard for new business owners but it’s a great idea because you can save in the long run. If you decide to franchise a business, you will pay a franchise fee, royalties, and other relevant fees. Each of these options has advantages as well as disadvantages, so be sure to look into them before making the final decision. The next factor to consider is whether you will sell products, services, or combinations of the two.

Similar Articles

Great Business Ideas

If you’re a professional, you can provide services like accounting, dentistry, realtor, and many others. However, there are also professionals that mix products and services (e.g. photographer selling cameras, photo paper, frames, etc). So you see, the choices are endless when it comes to business startup and once you’ve decided on the right business idea, you can now put it to action. Thanks to the internet, you can now conduct your researches with ease. Find out the in-demand businesses today and conduct a market research. Through this, you will be able to identify if there is a need for such business in your area.

After choosing the type of business that you’re interested in, you will have to create a business plan. This will serve as your guide from startup to finally opening your business. You can find many business ideas online and even from a healthy brainstorming with friends and family. You will need the support of your loved ones in order to succeed. Discuss the things that you want to accomplish and devise a comprehensive plan that you can follow. You don’t have to be an expert when it comes to managing a business. Whether you’re a new or old business owner, you will benefit greatly from the use of a list of possible ideas.

Recommended Articles

  • First Business Meeting Agenda
    Planning is one of the business meeting tips that should be observed in order to obtain productive meeting. Let everyone be involved in the meeting well-informed about the agenda.
  • Business Promotion Tips
    The tips for promoting your business are already at your hands. It is on your own prerogative and style on how you will let your business bloom and flourish. Remember that the secret is the attitude plus proper technique in promotion in everything you do.

506 Comments

  • Soham Atarthy said on August 7, 2010
    i want to start a sub stockists of medicines. i dont know from where i will have to start. i have already a stationary shop that was being treated by my father and now i want to modify it into a medicine shop and sub stockistship. so please tell me from where i will start. i am from durgapur,west bengal. pls suggest me.
  • ulhas said on August 11, 2010
    which business can i start in 3 or 4 lack can i start small coffee shop in india?
  • Erika Shikusinde said on August 11, 2010
    1. I want to start a photocopying, binding, laminating, scanning, cd writing, CV and profile presentation, design, web design, desktop publication, business cards business but do not know how to start.
    2. Want to start a bridal boutique business but also do not know where to start
    3 and last but now least i want also to start a record and archive management business, please help me how to start from scratch.
  • renu said on August 15, 2010
    i am willing to start a retail kids wear shop on my own without any franchise ours is a small city its a district place in karnataka i may need 4 to 6 lakhs investment and i dont have any business background please help me out in regarding where to buy the material and what should be the margin and i am really serious about it wholesalers and garment factories please contact me my email id is dapcubdr@gmail.com
  • siva said on August 16, 2010
    hi, i m also willing to start retail shop in hyd. plz do help me how to start and where to get the stocks........
  • babitha said on August 25, 2010
    i am willing to start any small scale business. family is ready to help till 3 to 4 lakhs as investment. being a girl which business will suit me? one of my friend suggested to go for fish farming. but i dnt have my own land. please help me in dis regard. thank u. plz contact me on my email id gsbabitha@rediffmail.com
  • Imran said on August 29, 2010
    Hi, I want to start a small business of smoke. I want to open a kiosk in any mall in Alberta and I do not know what are the requirements to open this business do I need a smoke permit or smoke license first to start my business. Please help me please
  • sachin sardana said on September 8, 2010
    Hi, I would like to open my own Mobile Store in Toronto. My parents living in India, can invest on my behalf. Please let me know the Procedure to proceed further. For your information i am Engineer ( Electronics and Telecommunication ) and specially in Testing software and Storage. Please send me the details on the above mentioned e.mail. thanks
  • ratan sharma said on September 9, 2010
    I also have a mind set to start up a disposal plant business(3-4 lac) I have a land as well in bilaspur(CG)India. could you please confirm the growth & possibilities of benefits. how to start to do first.
  • Vandana Sharma said on September 20, 2010
    Hi, I want to setup a fitness club in newly developed colonies in the outskirts of bhopal. How can i figure out the growth & chances of profit? Can u plz suggest something?
  • sushma said on September 28, 2010
    Hi, pls suggest me some business which I can start with zero Investment, initially. and also which has the future in it since I am looking at in for long term
  • Mzikaise Sinukela said on October 13, 2010
    Hello i'm Mzikaise Sinukela from Lusikisiki. I want to open a movie cinema in Mthatha here in South Africa. So I need help.
  • jugajit patowary said on October 23, 2010
    hi, i would like to open my own small scale profitable industry with low investment in my small town. sir, plz suggest me which industry i can start. (i have a land) tezpur, assam, india
  • Rajesh Sweets said on December 17, 2010
    We are looking for business partner in chhattisgarh and mp. the person who can invest 2-3 lac and want to return minimum 20k per month with minimum risk
  • M.GaneshKumar said on January 13, 2011
    I want to Start Building maintenance Business in Small level.How to Start and How much Minimum Cost will require.
  • T SUDHEER KUMAR said on May 13, 2011
    hi , i would like to start my own jeans manufacturing industry in anantapur(ap) or rayadurg(ap) with 20-25L CAPITAL. me and my friend only two persons are partners in this company. and also i'm having little bit of confusion where to start my business in rayadurg are anantapur. plz suggest me some tips for my new business (small scale industry) thanks & regards, Sudhir
  • vani said on June 8, 2011
    Hi I would like to start a super market in Bangalore, Karnataka, India, thus please advice me some ideas of how to start.
  • Vijay Sharma said on June 21, 2011
    Sumerpur - 306902 Dist. Pali (Rajasthan). Dear, I am a middle family person. I have 4 lacs for invest, what kind of business i start, please give a solution.
  • Noushad said on August 17, 2011
    I want to start a small business in Cherpulassery palakkad dist. kerala.Please advice if to start a hollow bricks manufacturing or a ready made shop
  • Guna said on November 22, 2011
    I have a plan to start a cafe in Pondicherry near University. I think its better location too. Still i wonder how much its gonna cost. Will it cost above 10 lac's? Mail me to guna.elango14@gmail.com.
  • P. N Khan said on May 1, 2012
    I want to start a business in hyderabad with low investment. I have no experience of business. Can you please advise me the business with low investment good returns and safe.
  • probin said on May 13, 2012
    Sir am from assam, I would like to start a business with a minimum investment of 4lakh. i want to set up a small call center but i dont know the process and how to gather clients. I need help please. thanks
  • Mayank Verma said on July 20, 2012
    Sir i m from Raipur chhattisgarh,, i would like to start a business with an investment of 6-7 lakh,, i need help pls,, thanks
  • ataur rahman said on August 2, 2012
    Sir my name is ataur rahman from bilaspur cg i want to start a business in my city i have experience in safety i worked in ksa in the field of safety please help me
  • Madhu Baruah said on August 2, 2012
    Hi, i m from Assam (India). I want to start a business with a minimum investment of rs.40,000. Please advice me what should be the best idea and which business will bring good return.
  • naina priya said on August 26, 2012
    i want to open business of pani pouch in bihar. what should i have to do for this and how much it will cost i am from gaya bihar
  • obadiah john said on September 1, 2012
    Hi, pls suggest me some business which I can start with 10 thousand naira Investment, initially. and also which has the future in it since I am looking at in for long term. nigeria, kaduna state
  • rashid khan said on September 9, 2012
    i want to start poultry farm business in faizabad u.p.. i have 5 to 6 lakhs rupees. location lucknow
  • rehan khan said on September 15, 2012
    i am open a business in agra of low investment. i have no experience. plz give me advice...
  • ravinder tyagi said on September 20, 2012
    sir, I am living in delhi. I am 58 years old. I want to start a business with capital 3 lacs. i am a accountant. please advise me to start the small business. My best Regards R.S.Tyagi
  • Bhawna tiwari said on September 20, 2012
    I have a mind set to start up a disposal plant business 5-6 lacs, i have a land in bilaspur. could u plz. Confirm the growth & possibilities of benefit how to start to do first.. Exp: bilaspur, chhattisgarh, india
  • Rajendra Bhansali said on September 25, 2012
    Hi, I am from Sillod, dist.Aurangabad(Maharashtra). I want to settle business thats why i need suggestion i.e. which business should i start? i have an investment of 10 lakhs. i am willing to invest more if required. i am eagerly waiting for response. please reply on rajendrabhansali009@gmail.com Thanks!!!!!
  • s shafik said on September 26, 2012
    I start cloth business at parbhani (maharashtra) and i require loan ,please give procedure, suggestion for business
  • prateek vasanta said on September 26, 2012
    hi, i want to start a hardware and sanitary shop (combined) in bhopal, mp nagar. Please tell me the scope and possibilities of this business, if i start in d beginning of the year. thanks
  • MONORANJAN DAS said on October 13, 2012
    hi, i am willing to open a restaurant at(guwahti), how much investment required for starting, registration .
  • sam said on October 13, 2012
    Hi am from Bangalore, i am already running a Cyber cafe business, i would like to start another new business with investment of around 5 to 6 lakh. am having my own big shop in Bangalore good location. what i can start in that shop with good returns.
  • rangaraj said on October 16, 2012
    Hi am from Chittoor, I want to start a part time business from 6pm to 10pm. First i need the suggestions and ideas to start a business.
  • nitish said on October 19, 2012
    hi, i'm from haryana-rohtak want to start a business here with the investment of 4-5 lakhs, kindly provide me a secure platform
  • Divya said on October 19, 2012
    Hi! My name is Divya.G.B. I wanted to start a business where investment comes under 1 Lakh. I am staying in Bangalore. Please provide assistance through mail on priority..
  • Parshuram Gupta said on October 19, 2012
    I am searching out for some direct fruit requirement on bulk quantity. Please contact me for any requirement of Pomegranate( Dalim ), Graphes. Call me on 9890833375.
  • venkatesh said on October 25, 2012
    systems administrator is my job....in bangalore karnataka india.... i am also good in networking n systems service...
  • Debraj said on October 29, 2012
    I want to start a new company at Guwahati related to pharmaceuticals products. Please advice me how much investment is reqd for this?
  • G.PULLARAO said on October 30, 2012
    i want to start small business between 2 to 3 lakhs,i don't have any experience related to business,please give me best advice for which business best start in khammam in ap.
  • lokesh said on November 1, 2012
    i want to start small business between 10 to 15 lakh in kolkata please tell me from where i will start. i am from kolkata, west bengal
  • sunil kumar said on November 5, 2012
    Sir/Mam, I have an open land in the hyderabad city as i am looking out for the company who hires the open land on lease or hire basis. please let me know If any possibilities or planning to take on long term lease or hire for open land. Sunil (9618055063)
  • Neeraj said on November 8, 2012
    Hi, i am Neeraj From Bhopal I want to set up a manufacturing unit in 5-6 lakhs. i have experience in machining and fabrication industries. Please help me out that what type of manufacturing unit i can start and how i can start .
  • noah said on November 18, 2012
    i want to start a security company in mombasa town. the little i have is not enough. help out with ideas
  • prince said on November 20, 2012
    I am from mumbai I want to open a new business in mumbai i have investment of one to two lacks I want retail business so please kindly suggest me.
  • anamika kumari said on November 20, 2012
    i want to start a pg accommodation business as well as selling garments(saree, salwar etc)in bangalore. i dont have my own capital to invest. all i want is to take loan from bank. can you suggest me how to start?
  • sushil c said on November 23, 2012
    i am from mumbai! dont have business exp, want to start business in 3 to 4 lakhs. have business back up people from grains and vegetables farming ! plz let me know as soon as possible ! thanks !!
  • aman said on November 25, 2012
    i am from new delhi i want to start a business of a restaurant give me some useful tips
  • Ajay Sharma said on November 26, 2012
    Hi, i live in Delhi and am interested to establish a small trading business with low investment initially but am confused about the product to be picked to start trading. Please guide me how to go about it. Thanks & Regards, Ajay Sharma
  • Abhishek said on November 29, 2012
    Hi, i want to start trading of Industrial product or any other product in Raipur(CG). Please suggest which product(Item) trading i should start.
  • sunil said on December 4, 2012
    i want to open a small scale ind so which one is better i have 4 lakh ..to share. pls contact me 8951895189, hassan karnataka
  • Varun Chaudhary said on December 6, 2012
    Sir, i want to start a small industry or business in a small industrial town in himachal pradesh with the limit of 4 lacs budget, budget can extend a little if there is nice idea. Please help me, also advice me if any franchisee i can take. My mail i.d: varunchaudhary333@gmail.com
  • Sherwin.e said on December 6, 2012
    peoples those who wants to sell their vegetables, fruits, grains in Chennai, Tamilnadu pl contact me. also we can sell any commodities in Chennai. Email sherwinsts21@gmail.com phone 08870712232
  • sagar said on December 6, 2012
    i already have a business in Hyderabad need investing partner upto 20 to 40 thousand call me 9700094333
  • ritu said on December 7, 2012
    i want to start a small business in bhopal (m.p). with 3-4 lac. which type of business suitable for me...pls suggest
  • sujit said on December 8, 2012
    Hi. This is sujit from chhattisgarh i wanna start carspa business. I have grate idea. Any one interested pls let me know i need investor budget around 6-7 lac contact no. 9373664447
  • Jatin Chawla said on December 8, 2012
    I am MBA graduate with 4 years of Sales & Marketing experience. Now I want to start a Recruitment Firm in Moradabad area. Wants to know that which are the things/documentation required to start a recruitment Firm. Would request, kindly mail & suggest me further so that i can move ahead. Look forward for a prompt reply. Thanks & Regards, Jatin Chawla, (+91-9675901890)
  • MANNU KUMAR JHA said on December 12, 2012
    Sir, i want to start a small industry or business in a small industrial town in Delhi/NCR with the limit of 10 lacs budget, budget can extend a little if there is nice idea. Please help me, also advice me if any manufacturing unit & franchisee i can take. My mail i.d: mannu.jha@rediffmail.com & Mobile No. 9716800019
  • rams said on December 13, 2012
    HI, i am rams and experience in pharma field in r&d department. i am interested to do business in pharma field. i have ready to invest 4-5 lakh, so pls suggest which is better to grow to higher level. my no 7382135856
  • Thilak said on December 14, 2012
    This is Thilak from Chennai. I am 8 years experience in forex field. So i am planing to start own forex brokerage firm NZ regulation (like FXCM, Alpari). I am already invest 40 to 45 lakhs, Now I need 35 to 50 lakhs. Its high profitable business. So I am searching good investment partner. We will give more details in next conversation. Series people contact me +91 9940048135 OR mail me forexwings@gmail.com
  • santosh verma said on December 14, 2012
    Sir/Madam, Any person want to investment and searching job .contact me no- 9015742780. If any person today invest and earn more money
  • sumit said on December 17, 2012
    sir , i am from delhi and i want to start a small scale business here .. i can invest 40000 . so plz give me any idea....
  • sachin said on December 17, 2012
    i want to start my small business in ready made gents and ladies wear boutique in mumbai, so i want investor. if anyone interested pls cal me.9028872612. min. 10 lac.
  • sundaralingam said on December 19, 2012
    I am aged 49 yrs I want to start a business with an invest of 5 lacs plz suggest me.
  • S K DUTTA said on December 21, 2012
    Business location near mullick bazar & Park street crossing, Kolkata, own shops and capital maximum 2.0 Lacs. Want a trading business.
  • R.s.Rai said on December 23, 2012
    I need investor for hindi live news channel.Min. investment 18 lakh. My mob:-09911305193. E-mail:-ravi.arena11302@gmail.com
  • geeta said on December 24, 2012
    sir, i want to start a small scale business as i have no exp. what type of business you suggest me if i invest 3 lakhs only.
  • santosh said on December 26, 2012
    hello sir, i am santosh from karnataka(post graduate MCA holder). i staying at rural area of town place and i would like to start business with 10. to 15 lakhs. and i have interest in the trading and cloth business so can anybody suggest me ͵ how to start and which is more beneficial.
  • anand... said on December 26, 2012
    Hello friends this is anand. I have good(profitable) place to start snoker club in karnataka (gulbarga) i need investors... Who wish to invest please contact cell no: 09740314995
  • Lokeshbabu said on December 27, 2012
    start cloth business at Madanapalli (Andhraparadesh) and i require loan ,please give procedure, suggestion for business. Where i need to get Cloths for Wholesale price ? How can i Mobalise Investment ? Please contact me: 9738975684 or Lokeshbabu053@gmail.com
  • S. kumar said on January 1, 2013
    i want to start business and can invest money upto one lakh, so lease suggest me what business to start. mail me at - k.satyamsagar@gmail.com
  • bipin swan said on January 2, 2013
    I want to start a semi small industries within Rs-2-3 lacs rupees, location at chhapra bihar. but i don't know about it, please give some ideas.
  • praveen kumar said on January 3, 2013
    hi, This is praveen, i completed M.tech(power systems and automation),MBA(HR & Marketing). My Aim is to be an entrepreneur in this regard i want to start up a business with a capital of 10-20Lakhs. Can plz suggest me which sort of business is better and best suitable in Vizag(Visakhapatnam), Andhra pradesh.
  • manju said on January 5, 2013
    hi, this is manjunatha, i am planning to start retail stationary business in chinthamani in chikkaballapura dist karnataka plz kindly suggest how to start and where can get the products and prices.
  • sudan said on January 6, 2013
    Hi, I would like to start a business of an electronic devices in Jammu and have capability to invest around 6-8 lacs. any suggestions will be much appreciated. sukhvinder1717@gmail.com
  • anu said on January 7, 2013
    i'm from kerala. i want to start a business within 1-2 lakhs. plz give me some suggestions.
  • Mayank seth said on January 8, 2013
    I am searching for the investor who can invest in a range of Rs. 80lakh to 1crore. Planning to start an franchise of Italian auto-mobile company in rajasthan, india. Respective interested investor please contact on the no.+91-9986623724 or email me: mailmayank28@gmail.com
  • Joy said on January 9, 2013
    Hi sir/mam, I want to start business in small district in Assam, so kindly suggest me best suitable business opportunities. Regards, Joy 9718874576, 9555374576
  • vikas said on January 10, 2013
    which type of business i can do? i had only 30000 rs please suggest me to start a business
  • chetan said on January 10, 2013
    i am from ujjain(M.P.)near Indore(India), i want to start a business with a investment of 2-4Lakh, i am an Electronic and Telecommunication engineer. Plz suggest me.
  • Prakash said on January 12, 2013
    I want to start small scale business of any product of manufacturing in maharastra. And man investment capacity is 5 to 6 lacks. so please suggest me any product. Thanks & regards Prakash
  • manikanta said on January 12, 2013
    I need to start business with an investment of 5 lacks in karnataka. so, plz suggest me to go for any type of business
  • Harvest said on January 16, 2013
    hi, easily start your forex trading business by taking our franchisee or be our channel partner. Its a very new model and none of the other investment firms have ever introduced it in Indian territory. We are currently looking out for franchisee/ channel partners for our business. for more information mail me at bholendra{dot}singh{at d rate}hotmail{dot}com
  • shibu said on January 16, 2013
    i want to start a small scale coffee powder shop in kottayam. kerala state.INDIA. what are the risks of that business. please help for the same.
  • arun kumar . r said on January 17, 2013
    Hi, i want to start a small industry type business in my town villupuram near pondy with 10k investment so plz help the same ideas to start as earlier.
  • Dinesh said on January 17, 2013
    i want to start some small business in bokaro (jharkhand)between 2 to 3 lacks
  • pankaj said on January 17, 2013
    I need to start business with an investment of 1 lacks in Raipur (C.G.). so, plz suggest me to go for any type of business . Thanks & regards Pankaj
  • Imran said on January 17, 2013
    Hii I am Imran i am an MBA graduate i'm from Chandrapur(MH). I want to start my own business with an investment capacity of 10 lacs. So plz suggest me the best suitable business in this region. And if possible i want to start manufacturing of any product. Plz reply ASAP. My email id- thara.imran@gmail.com, Contact no- 09422191477
  • amjad ali khan said on January 20, 2013
    namste. hi i am amjad belongs from india bihar state gopalganj district right now i am working in kingdom of saudi arabia in ministry of defense as a data entry operator since 8 years. now i want to come in my home country and i want to open mobile store or shoes shop in retail. but my mind is still not setup which business is good for me. plz advise me. what i have to do. i am graduate bachelor of arts. plz plz plz advise me as soon as possible thanks.
  • Deepak Choudhury said on January 21, 2013
    I have experience of 8 years in sales in Delhi and I would like to start a business in my hometown but I don't have any idea that what kind of business should i start with. I can invest up to 1 lac(INR) for that business. Please advice me with suitable business solution. I am originally from Dhubri, Assam, India.
  • Tariq said on January 23, 2013
    Hi, i'm going to Newzealand soon where i want to start small scale business. I have ten thousands nz dollars, suggest me. Thanks
  • arvind said on January 25, 2013
    sir , i want to invest 10 to 15 lakh for business purpose in jhunjhunu, rajasthan ,india ,which business is better for me.
  • arup kumar choudhury said on January 27, 2013
    Hi! I am an electrical engineer. So I want do a business related to my education and also something innovative. But I have only 3-4 lakh to start a business. So can you please advice me. Or if there is any other plan with you me with in that much of money please advice me.
  • James said on January 27, 2013
    Hi, I am really interested in business. my investment 2 to 4 lac plz tel me any good idea
  • Vinodh said on January 28, 2013
    I am looking for investors to start very unique fitness club in Bangalore. My contact number is 9008424632 and my email is dreamofkalam@rediffmail.com.
  • rajesh kumar said on January 30, 2013
    we do business development, provide imported goods medical, stationery, machinery , furniture, clothes, etc. We provide wellness centre franchising starting at 1.5 lakh to 20 lakh. We provide spa franchise from 25 lakh to 1 crore which ensures 300 percent profit annually. Contact us at 09567599236. Write to us at ashtalakshya@gmail.com
  • sainu said on January 31, 2013
    I have 2 lack Rs can you suggest one business? I have interest in sales field

Comment

(All the above fields are required.)