Property management can be considered a great business idea if the start-up capital is approximately 50 thousand rupees. The businessmen need to find out a proper workplace and take responsibility for their detailed documentation procedures and thus save a lot of their time.
Adequate sales and marketing skills are needed in order to be successful in this business. The company can achieve break even status within a month and also expect a gross profit of around 50 percent.
Yet another profitable business venture in this range is phone based business consultancy services. Nowadays several entrepreneurs are looking to make a name for themselves and the time is right for experienced businessmen to make the most of their skills and knowledge and guide these young enthusiasts with some good business plans.
Networking is a critical skill needed to flourish in this business that can take almost 4 months to come on break even terms. Wedding planning is also a good business idea with 50,000 rupees to start with.
Nowadays, weddings in India are being celebrated on grand scales and the celebrators might not have the time to properly attend to every little nuance as a lot of time is involved in this as well. Wedding planners can help people in such situations.
Creativity is the name of the game in this business domain that can provide gross profits of almost 15 percent. However, achieving break even status will depend on the quality of projects that the company gets.
Concierge services such as baby sitting and medical treatment can be started with an initial capital of 50,000 rupees or more. Network communication capabilities are the most critical skills required to do well in this business that can take at least half a year to achieve parity and give approximate gross profits of 10 percent.
Housekeeping services for hotels is a proper business idea if an entrepreneur has 50,000 to start with. With the hotels looking to keep their rooms spanking clean, this is a good business idea. Good communication and man management skills are necessary to succeed in this domain. This business can provide gross profits of almost 20 percent.