3 Small Business Ideas for Mumbai & Pune that Have Big Potential

Small business is most popular in both Pune and Mumbai because, people love to buy local and authentic. Thought the massive economic development brought huge changes in the manufacturing and marketplace, small business has its own perks.

We at StartupGuys.net conducted a research to find the best small business ideas for Mumbai and small business ideas for Pune and happen to develop extensive lists. Out of that here are top three small business ideas which I think have really good potential.

1- Poultry Business; It does require some investment, but starting small is the best idea. All the restaurants and poultry shops are idea clients as well as households if you get them competitive price.
2- Broadband Internet Provider: Because everyone needs high speed internet!

3- Taxi/Car Hire Service: Buying own car is expensive, but people need it often, so provide them this!

Do check my other post about Popular Small Business Ideas for Mumbai & Pune.

October 2015's Top Startups

With new companies appearing for all intents and purposes each day, it can be barely noticeable the ones that are genuinely inventive.

However, we can filter out a few that create great value. These youthful organizations are going past the essentials of offering an item and affecting genuine change in an assortment of commercial ventures.

Here's the link to October's Top 15 Startups

Purchasing Power of South African Consumers & the Business Environment There

For any entrepreneur it is important to do market research before starting up on any idea. So, if you are thinking to start a small business in South Africa, you must know the purchasing power of your target audience to choose the profitable business model.

South African consumers actually have more money than you think; a population that is willing to spend more on airtime than food. Do check these best small business ideas for South Africa and come up with an idea that creates value for South African population.

Don’t worry about whether they will be able to afford your product/service or not, all you need to do is to deliver them the value and they will buy it at any cost.

Just imagine for a second; access to cheap mobile and internet services is one of the basic needs there!

Also read South African Business Culture for Starting a Business There

Legal Structure of Business in the UAE

In the UAE, the Federal Law No. 8 of 1984, as amended by Federal Law No. 13 of 1988 - the Commercial Companies Law - and its by-laws govern the operations of foreign business. Although you may not be able to go through the deep details of all the laws, but for an entrepreneur looking to setup business in the UAE, it is very important to know the basics.

Please, also check my another post on Licencing requirements to do business in the UAE and a list of most profitable small business ideas for UAE by StartupGuys.net

Well, in the broad terms the provisions of the above mentioned regulations are as follows:

1. The Federal Law stipulates a total local equity of not less than 51% in any commercial company and defines seven categories of business organisation which can be established in the UAE. 
2. It sets out the requirements in terms of shareholders, directors, minimum capital levels and incorporation procedures. 
3. It further lays down provisions governing conversion, merger and dissolution of companies. 

There are basically seven categories of business organisation defined by the Law, which are as follows:

1. General partnership company
2. Partnership-en-commendam
3. Joint venture company
4. Public shareholding company
5. Private shareholding company
6. Limited liability company
7. Share partnership company

2015 Small Business Growth Trends & Predictions

Watching the current business trends and preparing for upcoming small business challenges always go together. This is why almost every other medium, small and even micro business owner keeps an eye on business trends.

So, if you are a business owner or want to be one sooner (select an idea from 2015 business ideas), do look into these small business growth trends in the year 2015.

Here goes the list of small business growth trends for 2015:

• A broader shift towards contract employees and utilization of freelance personnel to fill expertise gaps will be seen.
• Companies will focus on hiring multi expertise full time employees.
• The focus towards lean, efficient employment strategies will be seen and it is essential to promote top-line growth. 
• The above trends may lead to the increasing costs of retaining full-time staff, and rising health care costs.
• Crowdfunding will again top the investment and funding methods.
• Small businesses are expected to hire again after a long downtime.
• Use of social media will take boost to another level.
• Small businesses will look for more of marketing automation.

Check out some more small business trends for 2015 here:
2015 small business predictions.
Top 10 small business trends for 2015.

A Short & Simple Business Plan is Better Than No Plan at All

It’s often said that a business that doesn’t undertake regular strategic and business planning, actually plans to fail and so they emphasize on the importance of business plan.

Well, the above idea can be true to some extent, but what if you are running out of time and have to focus on too many things. In this case, sparing enough time to write a detailed business is literally hectic and may be impossible as well.

What if you could have a simple one page business plan?

For a business plan to be effective the first and most important rule is to keep it simple. Better is to develop a  first and then elaborate the necessary details only.

So having a simple one page business plan is better than having no plan documented at all. But wait, this one page business plan is not the one you present to potential investors. For that very reason, you should have a detailed plan, preferably written by an expert if you cannot do it yourself!

If you want to do the detailed document yourself, check out some of these links for help!

• 
  
• How To Write A Great Business Plan 
• Keeping Your Business Plan Flexible
• 10 ways to keep your business plan simple.

When Should I Develop a Business Plan?

Business plan is considered to be an essential document before starting business operations, however, some people are of the opinion that spending so much time on documentation is waste of resources.

Get the documents ready only when you plan to work on start-up financing.

Well,  the business plan is not just a document that banks and investors want to read; it’s a depp insight of your vision and a clear roadmap for launching and growing your business. So, you should have one prior to starting operations.

Starting with business plan outline is the great way, and then you can expand the document as needed.

A good business plan is the one that is developed after a thorough research and identifies potential weaknesses, opportunities, and threats your business is likely to have.

With a good business plan, you put all your efforts in right and measurable form. Get to know how to write a business plan effectively, here's a detailed guide on writing business plan.