Reddit user shared from Bengalur that she has left her business work. Now he wants to start a business with up to £40 Lakh in capital.
The user, SKSHI23, is not interested in taking the franchise because he believes that he has the skill and time to build something of his own.
“So, if you were in my situation, what companies would you start if you were in Bangalore with 40 liters of capital?” the user asked.
Reddit has recommended that you choose a model and market research before starting business. The franchises give a brand, but the risk is still yours. According to the user, the first founder is a safer low -risk store.
“Don’t care about many employees at the same time … Be firmly on the budget, sell your team’s vision. Always calculate at least 2 years of expenditure … Many products based on products or big settings take longer than Breakeven,” the user wrote.
“In Bangalore? Ride a team of cleaners and provide services or cooking on request. You are a manager,” another advice came.
One Redditor suggested: “You can start with Turf cricket/football/volleyball with a small café. You won’t need so much money. You’ll earn well.”
“Any B2B business is good, all that customers are facing is bad because of competition and corruption,” he came from another.
One Reddit user has published: “If you are a woman and to Sarees/ethnic clothing, I have a mutually advantageous agreement where you become your own boss and I move my product!”
“You can also take a loan on various government programs such as PMEGP, where you will receive up to 25% of the loan amount,” another advice came.
What is the PMEGP subsidy?
The Prime Minister’s employment program (PMEGP) offers a 25% subsidy for a loan for new micropodnice. Applicants for the general category will receive this subsidy in rural areas.
In urban areas, it is an advantage for candidates for special categories such as women, SC, ST, OBC, minorities, former servicemen and various people. It is also applied to the inhabitants of the northeast region (ner), border and hills.
In order to qualify for at least 18 years of age to qualify for at least 18 years, set up a new project within the PMEGP and have not used subsidies from other programs. For the above projects £10 lakh (production) or £5 Lakh (services), handover of 8. The standard is mandatory.
The cost of the project can go up £50 Lakh for production and £20 Lakh for service/business. The exact amount of the subsidy and the contribution required depends on the category of the applicant and the location of the project.
(Tagstotranslate) Bengaluru Bulls (T) Bangalore
