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Abhyas
Active Contributor

Join Date: May 2014
Posts: 13

Small Business Start Up in India

11/18/2015 10:57 AM

Hi Experts

I am planning to start a business of my own , I am looking for you suggestions as to what can be best business proposal an engineer can opt to start with less investment .I am having 10 yrs of experience in Automobile sector and also having MBA degree from one the prestigious institute in India i.e IIM Ahmedabad in General Management . I am also open to start any non- technical product or services as I also want to involve my wife who is also a MBA in Sales and Marketing .

I am truly a beginner in business as I don't have any practical experience .Hence need guidance from panels .
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lyn
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#1

Re: Small Business start up in India

11/18/2015 11:16 AM

Ask an Indian. There are many very intelligent Indian gentlemen who are forum members.

Starting Business in India - New Simple step-by ... - Trak.in
Starting a Business in India - Doing Business - World Bank ...
Starting a Business in India : Startup Overseas
Starting a Business - Home: National Portal of India
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Abhyas
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Join Date: May 2014
Posts: 13
#5
In reply to #1

Re: Small Business start up in India

11/18/2015 10:01 PM

Thanks a lot Lyn , this is what I was looking for .
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lyn
Guru

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#6
In reply to #5

Re: Small Business start up in India

11/18/2015 10:18 PM

Good luck.
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SolarEagle
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Join Date: Mar 2007
Location: by the beach in Florida
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#2

Re: Small Business start up in India

11/18/2015 11:53 AM

Use your engineering expertise to make improvements to existing designs....when you come up with some good improvements, pitch them to venture capital reps, and partner with an experienced successful business pro...

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phoenix911
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#3
In reply to #2

Re: Small Business start up in India

11/18/2015 1:25 PM

unfortunately, for a new business start-up, you'll require immediate cash-flow.

R&D will not cut it.

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IdeaSmith
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Join Date: Mar 2012
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#4

Re: Small Business Start Up in India

11/18/2015 9:16 PM

How comes you spend 10 years in the automobile sector yet you have no business experience?

Can you elaborate what you want to do besides employing your wife?

Business will be well where there is opportunity.

How about office cleaning? Does not need much practical experience.

Sorry cant help!

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mrswamy
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#7

Re: Small Business Start Up in India

11/19/2015 1:41 AM

Agriculture is the basis of Indian economy. With your engineering skill and your management skill you can consider to start a business related to agriculture . I have read the news of many successful entrepreneurs from prestigious institutes of India have achieved great success in this area. Best Wishes.
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Just an Engineer
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#8

Re: Small Business Start Up in India

11/19/2015 3:48 AM

There are many "wear parts" used in agriculture, either in cultivation or harvesting equipment.

You might be able to fabricate a "home grown" alternative. With your skills, develop a ZD JIT manufacturing process and have your wife run the marketing and logisitics.

Many farmers "repair" worn harvester tips, since lead time for new replacements is unsuitable. Some of these could be fabricated using alternate methods for significnalty lower costs.

e.g. "header points" could be fabricated with sheet steel core (for attaching to header) while having injection moulded total shape. (Instead of solid cast iron parts) a 10m wide machine would have 120 points fitted. When harvesting low crops (like lentils and chick peas) the points are dislodged into the soil and misplaced.

Good luck.

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Kevin LaPaire
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#9

Re: Small Business Start Up in India

11/19/2015 9:23 AM

If you want to start your own business, I can't tell you what to do and others can offer suggestions as they see fit. What you start will have to come from your own thoughts and research. One thing I can tell you,,, make sure what you choose keeps your interests peaked. If you don't stay interested and keep thinking about ways to improve on it you will likely not succeed, unless you have the $$ to surround yourself with people who can do it for you.

You appear to have some qualifications, good luck.

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PWSlack
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#10

Re: Small Business Start Up in India

11/20/2015 9:57 AM

The three most important things in business?

  1. Cashflow
  2. Cashflow
  3. Cashflow

Good luck.

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phoenix911
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#11
In reply to #10

Re: Small Business Start Up in India

11/20/2015 10:30 AM

I think you're on to something,.... I just can't pin it down though.

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Users who posted comments:

Abhyas (1); IdeaSmith (1); Just an Engineer (1); Kevin LaPaire (1); lyn (2); mrswamy (1); phoenix911 (2); PWSlack (1); SolarEagle (1)

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