Any Three Businesses Which Can: Be Started With Less Than 5 Lakhs

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Any three businesses which can

be started with less than ₹5


Lakhs

Submitted To: Submitted By :


Dr. Pankaj Saini Deepakshi Kansal 0211MBA015
Prabhtej Singh 0211MBA053
Presented On: Vaibhav Kalra
Date: 20TH October 2021 0211MBA055
Introduction
• Business is one thing in today’s world which if
implemented properly can earn you lot of profits.
The most important aspect of any business is the
business idea and the capital investment. Although
many people come up with different ideas but they
usually lack the capital. This the primary reason
where they fail to establish a successful business.
• Moreover, business gives us the sole authority to
operate rather than executing someone else’s
orders. If we want to start a business under 5 lakhs
investment then we have come to right place. We
will share some profitable business ideas under 5
lakhs investment which we can start now.
CONSULTANCY FIRM
• A consulting firm or simply consultancy is a 
professional service firm that provides expert
advice for a fee.

WHY ?
According to Forbes, the consulting industry is
worth a whopping $100 billion per year and is
predicted to grow around 80% per year over the
next few years.
Why Consulting?
Many young professionals with a business management or economic background
increasingly choose for a job in the consultancy branch after graduation. Annually,
thousands of experienced professionals also choose to enter the consultancy branch, or
to enter by working for a firm as an experienced consultant or independent advisor.

Below follows an overview of possible reasons for a career in consulting:


1. Client-oriented service
2. Multifaceted and intellectual
3. Working in teams and carrying responsibility
4. Career development
5. Earning a good salary
6. Work-Life balance
7. Career Launchpad
HOW TO START A CONSULTANCY
BUSINESS
• Learn what you are good at!

• Get the License you need. 

• What kind of Business Consultant


do you want to become.

• Picking the right location

• Hire help
Some of the consulting services-
• Strategy Consulting

• Marketing consulting

• Operations consulting

• Financial consulting 

• HR consulting

• Business consulting

• Management consulting
Few Examples of Consultancy Firms
A Quick
Service Restaurant
• The Quick Service Restaurant, more
commonly known as the Fast-food Restaurant
is a specific kind of restaurant format that
serves fast food cuisines like Pizza, Burger
and requires minimal table service.
• The takeaway restaurant or Quick service
restaurant format seems to be the most
practical format, as the return on investment
is high.
• To be successful in quick service restaurant
space, you need to come up with a unique
idea and deliver a superior customer service
in terms of food variety, quality, Delivery
time & ambience.
Here we have shown the break-up of Rs 5 lakh,
which we will explain in the points below.
Steps To Open A Quick Service
Restaurant In India
Follow the below-mentioned steps that will help you open a fast-food
restaurant in India.
•Choose the location of the quick-service restaurant : The location is one of the most critical factors
which determine the success or failure of any restaurant. The takeaway restaurant should ideally be in a
densely populated area, keeping the target audience in mind. Accessibility and visibility of the area are also
essential to attract customers. Ground floor shops, located at the front are preferred for QSRs and Takeaways
•Get all the licenses required to make your QSR legal: A takeaway restaurant or a QSR primarily
requires five licenses, namely: Food license from FSSAI, GST registration, Local Municipal Corporation
Health License, Police Eating House license, and fire license. Out of all, Food license, GST registration, and
Local Municipal Corporation Health License are the most important ones to have for starting of the outlet. 
• Get on board the required number of staff : The secret to a successful
quick-service restaurant is often a great team behind the counter and in the
kitchen. The Chef is probably the most important person on your team, as they
not only cook, and design the menu; they also lead and guide the rest of the
kitchen staff. The attrition rate is extremely high in the restaurant industry,
especially at the junior level.
• Arrange for the kitchen equipment and the raw materials
needed : Kitchen equipment is a significant expense for the restaurants, and
the same is the case in a fast-food or takeaway restaurant. A small working
table for four sq ft can cost somewhere around Rs 6-7k. But, it is not always
necessary to have everything new in the kitchen; most of the kitchen equipment
can be bought old and used. 
• Market your QSR well :The tried and tested method of
marketing and also one of the cheapest, is the pamphlets. Apart
from pamphlets, invest some money in an excellent billboard
to attract an audience. You can also spend on an Online
advertisements on Social Media and Google Adwords

• Install a POS or a billing software To smoothen your


operations :POS is the most critical and integral part of a
successful operation and management of any restaurant or food
outlet. Choose a niche POS that is customized to suit the
requirements of a Quick Service Restaurant.You can use any
web-enabled device such as a computer, laptop, tablet or even
your mobile to generate the bills. The cost for this should not
exceed more than 25000.
• Decide on the staff uniform :Staff uniforms are a critical aspect of a
restaurant venture that is often ignored. All the staff members must look good,
hygienic and well dressed. You can choose from different types of dresses such as
chef coats, smart shirts and t-shirts, and an apron. At the initial stage of operations,
it’s ideal to have a low-cost uniform which will save the additional cost.
• Get all the other miscellaneous works done :It would be best to procure
the raw materials and design your counter based on your need with the help of a
carpenter. Go for a good standee and menu board at the front-end to give an
overall feel of the brand. 
Few Examples Quick Service Restaurants
Sell Online
• Select a niche in which you will be selling products, say mobile phone
accessories. Find products like phone case, charger, etc and list your
product on your website. Then register your business and get GST
number and create your store on any of the available online selling
platforms. You can sell to a very larger audience in Amazon, Flipkart and
many others.
• These days online marketing is a common platform for trading and you
can put all oour stuffs there.
• We can create our own online store on major e-commerce websites like
Amazon, eBay and Flipkart.
Major Minimum Investments
• Cost of business registration
is 35000/- Including GST number.

• Total investment in initial product


stock is 1 lakh.

• Total investment to start online business


will come under 2 lakhs.
For Smooth and Quick Functioning of the
Online Selling Business
Basic Knowledge of the following is
Required:
• SEO – Search Engine Optimization:
It is the process of improving the quality and
quantity of website traffic to a website or a web
page from search engine.
• 3PL (Third Party Logistics):
It is an organization's use of third-party businesses
to outsource elements of its distribution,
warehousing, and fulfillment services.
• Cataloguing:
A catalog is commonly defined as any online
catalog that showcases the products or services
of a company.
• Pricing Strategies:
Price is the value that is put to a product or
service and is the result of a complex set of
calculations, research and understanding
and risk taking ability.
• Packaging:
It is the science, art and technology of enclosing
or protecting products for distribution, storage,
sale, and use. Packaging also refers to the
process of designing, evaluating, and
producing packages.
• Market Analysis:
A market analysis is a quantitative and
qualitative assessment of a market. It looks
into the size of the market, the various
customer segments and buying patterns,
the competition.
Various Platforms where we can sell online
I Myself is a seller On
Amazon,
Flipkart and Meesho
Welcome To COLLECTION POINT
Other Businesses that can be started with
less than 5 Lakh
• Printing Business
• Pest Control Business
• Clothing Store
• Disposal Cups and Plates Manufacturing
• Import Export
• Departmental Stores
CONCLUSION
1. Consulting is considered as one the most popular and prestigious industries to work in, a
feat which is confirmed year after year by several surveys, in particular among graduates
and young professionals. The industry thanks its appeal to an array of factors, ranging
from the variety of projects worked on, working in teams, professional development
opportunities and the satisfaction that consultants derive from high-impact work.
2. The Quick Service Restaurant Industry is one of the fastest-growing industries right now.
With an increase in disposable income of people and more professionals and skilled
people moving out of their homes, the industry is gaining momentum for providing easy
and cheap alternatives. The wave of change has also already hit the industry and soon
outlets and brands focusing on healthy or vegan options may come up as rising players in
the market.
3. Online Selling is one of the most easiest and basic business to start with although its
profitability and expansion require a lot of efforts. It can be started with just 60,000/-
including Registration. One has to constantly analyze what his/her customers are
demanding in order to capture the market and attract more customers.
THANKYOU

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