Saswatabanerjee
Partner - Risk Management
V.Raghunathan
Process Industry Consultant / Soft Skill
Narendra K O
Purchasing Officer

Thread Started by #Narendra K O

I am Seeking An advise Regarding Suitable Business That I Can Start In Mechanical Field With Low Investments And High Profit.
15th September 2015 From India, Chennai
Mr Narendra,
You have not indicated your background and experience.
Mechanical field again is very wide.
Which division of Mechanical Engineering you are strong at ?
The conventional wisdom says high risk high gain.
Another one says Either be the first or the Best in your business.
V.Raghunathan
15th September 2015 From India
If low investment and high profit was really possible, then well, everyone would be in that business. Perhaps you mean high margins. Low investment high margin business would come only in service sector, which would be restrictive in terms of volume of work you can do. If you want higher volume then you need 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 is the market size. 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.
16th September 2015 From India, Mumbai
Dear Mr V.Raghunathan,
I Am Interested In Mechatronics, Mechanival Engg Science And Also Auto Mobiles.
Currently I Am Working In Purchase Dept And I Have 2 Years Experience.
I Am Completed Diploma In Mechanical Engg And Also Completed Pre University Scince
Seeking Your Advice And Information.
Thanks For The Response
5th October 2015 From India, Chennai
Dear Mr.Saswata Banerjee
I Have Like To Start Business Within 5 Lakhs And I Need Information Regarding Which Type Of Business Is Possible In This Mentioned Amount or Within 10 Lakhs.
If Any Information Please Share With Me
Narendra
5th October 2015 From India, Chennai
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 the 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
6th October 2015 From India, Mumbai
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