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Starting a Small Business/startting idea new bussiness

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Question
Hi
I want to start new bussiness..

I can invest ( total one caror indinian ruppes around 97000 pound europion in which i want to include own shop  and running capital)

what can be the best idea to do bussiness?

can anything be done even without investments?

i have done MBA and BAMS

currently i am ayurvedic physician

Answer
You need a number of things for a successful business:
Interest so that you do not become bored.
Customers that will be prepared to buy your products at a rate that you can make a profit at.
Products that people want to buy and will continue to buy.

As you have an MBA I am sure you can research, market and set up a marketing communication strategy.

There is no magic formulae so you need your market research. Look for services and products that are demanded but not supplied.

Good luck.  

Starting a Small Business

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Lee Lister

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If you are a serious entrepreneur and want to set up your own business or ensure that your existing business is more profitable then let me assist you. I answer questions on business start up, business strategy, business models, business planning, marketing plans, marketing strategy, branding, business tune ups and business improvement. I do not answer any legal, tax or accountancy questions - you should see your own professional adviser about these. If you cannot be bothered to read and rate my answers - I can't be bothered to answer yours! If you have a small internet based company, I would welcome your help in completing a survey and helping me with my Masters Dissertation. I am researching how a small company can build its brand and grow quickly using social media marketing. The survey takes 4 minutes and all information is confidential and will NEVER be used for marketing purposes. Thank you in advance. The link to the survey is below: http://www.surveygizmo.com/s3/1679437/Branding-using-Social-Media

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Over 20 year’s management, IT and business consultancy experience with businesses large and small as well as being a serial entrepreneur.

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A prolific writer and published author, I write on entrepreneurship, project, bid management and career improvement.

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BA (Hons) Economics MSc Marketing Management , studying for DBA. Numerous business qualifications.

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