Thalassery Ads: Questions

What are the best businesses to start in Kerala after lockdown?

There are many businesses that are going to get really big after the lockdown. First, you have to decide which business segment you want to start

Manufacturing
Service-Based
Trading

After choosing the segment next you have to choose the field of business. I personally feel that Manufacturing and service-based business is going to get a huge boom after covid 19.

Because so many are coming back from GCC, UK and US there is an expectation that many people will be trying to start a business in India, especially in Kerala. But very few are going to survive.

To succeed in business you need to have three things in mind.

Research
Plan
Execute

Before starting any kind of business you should have done your research on that product or services.

try to include as many questions as you can in the research part.

How much will be the capital?

How much will be the running cost?

What will be my future target?

Will this product sell in the market?

Is this product sellable in the online market?

How many sales can I expect in a year?

How can I increase my sales next year?

Is this business scalable?

Don't stop here, try to include as many questions as you can and try to find the answer. If you get all the answers and you are satisfied you can begin and start to make a PLAN.

Plan should include

How to run the business?

How you are going to sell?

How you should do the marketing?

How much I should spend on marketing?

How many staff should I recruit?

Then comes the execution part which is the most important of all. And this is the part 96% of people fail. If we can research, plan, and execute well any kind of business is going to be a huge success.

I will suggest some business which is going to be the next big thing in the Kerala market. I will write down the required budget also to run those businesses professionally.