India has been observing an incredible growth in the small scale business companies as more and more aspiring entrepreneurs are seeking to switch their employment status and become a really successful entrepreneur. India presently boasts of over 48 million small scale businesses and is still counting.
The popularity of small investment business in India is palpable with the fact that it delivers the largest share of business opportunities to the aspiring entrepreneurs. With the government eagerly encouraging the small scale businesses with their rewarding policies including tax concessions, equity support and collateral free loans, it is no more a surprise that individuals feel liberated to apprehend their entrepreneurship objectives.
Key Approaches to Become Your Own Boss by Starting a Home-Based Small Business in India:
One of the most effective small investment business concepts that have appealed to the new-age aspiring entrepreneurs is starting the home based low investment business in India. This concept is certainly a boon to the individuals that hope to venture into their own business, but do not really want to invest excessively in fixed capital or employing workforce.
Functioning directly from the comfort of home individuals can freely accomplish their business strategies with 100% creative liberty. A home-based small scale business enables the individuals to try their hands out on some really creative business ideas without getting extremely worried about failure because the overhead costs involved in it are nominal. Working hour’s flexibility enables you to perfectly balance your professional and personal life as you believe fit.
One of the most lucrative rewards of running a home-based small business is tax concessions. With careful and proper planning and professional assistance by an income tax professional, aspiring entrepreneurs can claim tax deductions against a lot of things which they might be using for running their business such as home supplies and equipment, personal vehicle or any other type of traveling medium, marketing activities and advertisements, traveling costs, any improvements made to your home office infrastructure and a lot more.
Toy Renting- A Speedily Surfacing Small Investment Business in India:
Amongst the various home-based small business ideas in India to choose from, toy library franchise in India with low investment is the one which is quite interesting and unique. The love for toys amongst kids of all ages is not a secret and neither is it a short-lived obsession with them.
It is quite obvious that after playing with a specific toy non-stop for a week or more, kids stop liking to play with it and soon begin demanding for new toys only to ultimately get bored of it in sometime.
This can be tedious for the new-age parents because this constant expenditure leads to wastage of their hard-earned money and home space. Toy renting franchise business addresses these issues and enable parents to take their kid’s favourite toys on rent from the best toy libraries in India at a nominal rental price for a specified period of time.
Another vital factor which makes toy renting a profitable small business investment in India is that you can pick to take up an already established and renowned toy rental franchise business. This will assist you purchase or rent toys from the franchise owners and in turn deliver similar services to the other customers across India.
It will surely benefit you with substantial returns on investments. With most of the Indian kids you can stay rest assured to find a lucrative market for your toy rental business. It is an extremely easy business concept which caters and taps into a strong purchasing demographic – kids.
That’s why, it is certainly a cost-effective and fitting option to consider while thinking of venturing into a home based small investment business in India.