I am Seeking An advise Regarding Suitable Business That I Can Start In Mechanical Field With Low Investments And High Profit.
From India, Chennai
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From India, Chennai
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Mr. Narendra,
You have not indicated your background and experience. The mechanical field, again, is very wide. Which division of Mechanical Engineering are you strong in?
The conventional wisdom says high risk, high gain. Another one says either be the first or the best in your business.
V. Raghunathan
From India
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1366You have not indicated your background and experience. The mechanical field, again, is very wide. Which division of Mechanical Engineering are you strong in?
The conventional wisdom says high risk, high gain. Another one says either be the first or the best in your business.
V. Raghunathan
From India
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If low investment and high profit were really possible, then, well, everyone would be in that business. Perhaps you mean high margins. Low investment, high-margin business would come only in the service sector, which would be restrictive in terms of the volume of work you can do. If you want higher volume, then you need a large working capital too.
Business is not something that can be done just like that. You need to decide what you would like to do and then see if it's profitable and what the market size is. I don't think anyone who does not know you personally can give a worthwhile answer to that.
Added to the above is, of course, the fact that you are talking in an HR forum where knowledge in that respect is bound to be low.
From India, Mumbai
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Business is not something that can be done just like that. You need to decide what you would like to do and then see if it's profitable and what the market size is. I don't think anyone who does not know you personally can give a worthwhile answer to that.
Added to the above is, of course, the fact that you are talking in an HR forum where knowledge in that respect is bound to be low.
From India, Mumbai
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Dear Mr. V. Raghunathan,
I am interested in Mechatronics, Mechanical Engineering Science, and also Automobiles. Currently, I am working in the Purchase Department and I have 2 years of experience. I have completed a Diploma in Mechanical Engineering and also finished Pre-University Science.
I am seeking your advice and information.
Thanks for the response.
From India, Chennai
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I am interested in Mechatronics, Mechanical Engineering Science, and also Automobiles. Currently, I am working in the Purchase Department and I have 2 years of experience. I have completed a Diploma in Mechanical Engineering and also finished Pre-University Science.
I am seeking your advice and information.
Thanks for the response.
From India, Chennai
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Dear Mr. Saswata Banerjee,
I would like to start a business with an initial investment of 5 lakhs and I am seeking information on the types of businesses that are feasible within this budget or with an investment of up to 10 lakhs. If you have any relevant information, please share it with me.
Thank you,
Narendra
From India, Chennai
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I would like to start a business with an initial investment of 5 lakhs and I am seeking information on the types of businesses that are feasible within this budget or with an investment of up to 10 lakhs. If you have any relevant information, please share it with me.
Thank you,
Narendra
From India, Chennai
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Narendra,
This is a wrong way to approach business. There are many options within the price, but what is the demand in a particular place, your skill, and interest, etc., will drive it. I don't think a vague question like that will have an answer that you can get in this forum.
I would suggest that first you figure out what you are actually capable of doing in business. And then work out whether it is feasible with the amount of capital you have. Then you should look at the demand and supply and other parameters that apply.
Generally, the Small Industries Department of the government, the central government schemes for any employment, and other departments that promote self-help will have a list of industries and some basic data which you can go through.
From India, Mumbai
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This is a wrong way to approach business. There are many options within the price, but what is the demand in a particular place, your skill, and interest, etc., will drive it. I don't think a vague question like that will have an answer that you can get in this forum.
I would suggest that first you figure out what you are actually capable of doing in business. And then work out whether it is feasible with the amount of capital you have. Then you should look at the demand and supply and other parameters that apply.
Generally, the Small Industries Department of the government, the central government schemes for any employment, and other departments that promote self-help will have a list of industries and some basic data which you can go through.
From India, Mumbai
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