People start their own business for different reasons. For some, it helps in escaping the rat race, and for others, it gives a chance to earn extra income; some follow their passion, and some just want to build a business from the ground-up.
If you are brave enough to take risks but are held back by the belief that you do not have the right skills or knowledge to start a business, worry not.
5 Business That Can Be Started Without Any Skills
- Franchise Business
- Coaching and Mentoring
- Travel Planning
- Corporate Gifting
- Bed and Breakfast
Presented below are five simple business ideas that do not require any discernible skills to get started:
The concept of franchising means gaining the rights and licenses to carry out the business operations of an already-established brand. It involves obtaining the legal rights to use particular names and trademarks, usually within a location and for an agreed term, of an already successful brand. While the franchisor continues to hold the rights to its business, you get to be a part of their success journey.
Franchising, as a business idea, is preferred by amateur as well as experienced entrepreneurs. Famous for being a low-risk business model, opening a franchise is relatively easy and comes with a proven success record. To start a franchise, you first need to the industry that you wish to venture into. Food & Beverage franchise, beauty & wellness franchise, and retail fashion franchise; there is ample choice in the franchise industry.
Then, you can explore the offerings, terms and conditions of all the prospective franchisors and analyze the best deals. Upon selecting a few franchisors, you may contact them and choose the one that aligns with your goals the best. While having prior business experience is desirable, it is not a necessity to invest in the many franchise business opportunities in India.
Coaching and Mentoring business
Teaching students and fellow professionals are not just a simple business idea; it can be a highly rewarding experience if you’re passionate about teaching. You can start a tutoring business from your home or even through the internet by conducting online classes. To get started, first identify the subject you can teach and what’s your level of proficiency. If you’re planning to go big, you could hire other teachers too. Also, look at what your competitors are offering in your area and try to provide more advanced, sophisticated services.
In a nutshell, to start your tutoring business idea, follow these steps: pinpoint your niche, decide the medium (online or offline), choose a name, deal with financial and legal issues, and find a way to promote your business. Remember, tutoring is not restricted only to a school or college curriculum. You can teach anything from cooking to photography according to your expertise. Although the only skill you need is an excellent knowledge of the subject matter, it would help if you were patient, and had great communication skills as well.
Travel Planning business
Honeymooners, solo travellers, business travellers, backpackers, luxury travellers – today, there are several types of travellers who all want different things from their vacations. Whether travelling for work or leisure, each traveller now desires experiences. So, if you have the knowledge of the travel industry (or if you know someone that does) and passion for helping people, you can successfully run a business as a travel planner.
Starting a travel business includes the ability to find great deals on airfare, hotels and rental cars as well as the skills to create a suitable itinerary. You can start this business from your home and begin by curating itineraries for your family and friends. You could also extend your services through face-to-face meetings as well as phone or online consultation. It would help if you have experience in a service-based company before, and are good at selling your services as well.
Corporate Gifting business
There is enormous potential in the largely-unorganised corporate gifting industry in India. From welcoming a new vendor on board to rewarding employees for their performance and thanking a client for their constant orders, organizations require classy and customized gifts for all reasons and occasions. Cards, calendars, gift certificates, fruit baskets, chocolate boxes, indoor plants and such unique items are the most commonly gifted items.
To start a business in the corporate gifting domain, you can start small and then expand your client base gradually. Also, remember that corporate firms prefer to stay in touch on a more personal level when it comes to B2B dealings. All you need to do is cultivate a network of vendors and suppliers to secure gifts in bulk at a discounted price. Strong communication, negotiation and presentation skills would naturally work in your favour.
Bed and Breakfast business
Starting a bed-and-breakfast set up and running it successfully is easier than you may think. No matter if you have just a single room for two that can double up as a romantic hideout or an entire villa where a family can go on a vacation, you can get started with a B&B right away. Tourists, business travellers, couples and even students can be your prospective guests based on your property and location.
Apart from signing up your property on one of the reputed online marketplaces, you can spread the word about your lodgings through word of mouth and by offering discounts. You can buy a dedicated property to turn it into a homestay, or if you already have a property, you can turn it into a B&B by renovating and hiring some staff. Make sure that you start offering your services only after fulfilling the legal formalities. The only skills you need are managerial and administrative skills.
These five business ideas require minimal investment and skills, and the best thing about each of these businesses that you can start them as a part-time business and then slowly transform them into your full-time venture once you start earning a sizeable profit. From the ones mentioned above, probably the safest bet is to start a franchise in India, as it comes with the least risk and highest chance of success. To know more about lucrative franchise investment opportunities in India, get in touch with us.