Business Idea in Punjab

Punjab: The new business hub for entrepreneurs
Starting a new business has become a trend at the present time. No denying the fact
that setting up the new businesses is inevitable for the developing country like India to
grow its economy. But when it comes to starting a new business, the first thing you need is
the best business startup ideas according to the target audience and market analysis.
The correct market analysis helps you to obtain the full-fledged plan for your business idea
in that specific region. In the northern part of India, Punjab has relatively good
infrastructure as compared to other states. It includes transport, technology, and economy
that are extensive throughout the region. Punjab is the only state of India that stands in the
first position in terms of per capita generation of electricity in India, which is 2.5 times the
national average. If we consider all these factors precisely, Punjab is one of the best-chosen
states in north India to start a new business.
Today, we will discuss some of the best startup business ideas in Punjab, which if followed
strictly can bring you many business benefits in the long run. Here are the small-scale
business ideas:
Event management company:

The recent growth of festivals, government policies, and business as an industry across the
country mean the management can no longer be ignored. This has led to creating a gateway
for a new industry called the event management industry. There is a number of companies
hosting and organizing events on a regular basis. These ranges from the small-time private
event to the large-scale national events. Today, there are a number of people, who have
entered the field because they realized the potential of the market where the demand and
supply are concerned. There are people, who are part of this profession on an individual
basis, or then as a company, having a pooled in together resources- financial and
manpower.
Handcraft decor and personalized gifts:

There are several online platforms and portals that make it extremely easy for the
handcrafters who can produce a steady supply of quality handmade items, like crocheted
blankets, home décor inventories or personalized gifts. Startup costs are extremely low if
you purchase your materials in bulk from a craft supplier, and if you can turn around
orders quickly, you'll be making a profit in no time at all. It's even possible to turn your
store into a full-time gig. This is definitely what home-based women entrepreneurs can try.
They can make personalized gifts based on their customers’ taste and occasion and sell
them online. There are innumerable things that can be done centered around this.
Career consultancy:
While outside India, most of the schools provide personal mentors to students, this is not
very common in India. We are lost in our traditional education system which doesn’t seem
to change. Hence there is a much need for startup ideas based on career counseling
services which can be reachable to each and every student so that they don’t get trapped in
the rat race. This is one kind of business which doesn’t require a lot of money to start. If
you’re an expert in the sector of education management and career counseling, you can just
kick off this business by putting a small effort with the right strategy.
Goods delivery services:

One can even start with goods delivery services as in every part of Punjab; there is a large
number of local stores that do not provide delivery services. It is such kind of business that
almost anyone can start with a very small investment. You can be the one to help the
consumer as well as the store owners to deliver the desired products to the consumer's
location safely. The start-up costs for a delivery business are small, and regardless of your
niche, you have to treat it like any business by first developing a right business strategy and
making a plan to reach your clients or target group.
Advertising agencies:
Today, there is a great scope of the advertising business in India. It is very true that digital
marketing is way more effective and cheaper than traditional marketing but it is also true
that outdoor advertising like billboards, bus benches, etc. have not lost their significance.
Moreover, advertising business opportunity on the Internet has endless possibilities. Once
you know how it works it can become very profitable. All you need for this is a little bit of
experience in advertising and thorough knowledge of how the internet works. So, this can
also be a good business idea in Punjab for someone to start and earn a profit.

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Punjab: The new business hub for entrepreneurs

Event management company:

Handcraft decor and personalized gifts:

Goods delivery services:

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