I have $20,000 to start a business, what are my options?
I'm about to complete my Bachelor's in business and I want to start my own business in Nepal. I don't like working under others which is why I want to run my own business. What is the best option for me?
First, be very careful with your money. Just by posting the question opens you to shark attack. You might have posted "Can I open a business with less than $20,000?" Or what's the minimum amount needed...
Next, be very careful of partners. I deal with partnership problems and most start in situations like this. Somebody will come along with some money and offer to form a partnership. People think, "great, more money, better opportunity." A couple of years later, the trouble starts. Go it alone.
Next, learn to get by with as little as possible. If you sink your entire fund into the business, you'll regret it. We all make errors. Be conservative with your spending.
Finally, forget the money. You ask the wrong question. The key to business is to learn to ask the right questions. Ask, "What is there a need for that I love doing?" Then, "Can I start a business of doing that with 1/2 of the money I've saved?"
Good luck with a long and successful career.
You may find this article from Business News Daily to be helpful: https://www.businessnewsdaily.com/5767-business-ideas-low-cost.html
I agree with Manish Amgain, nowadays startup ideas that revolve around users problem are the most popular ones.
Take Uber, for example, they had a simple idea but since it solved people’s problem it became famous. Also, you don’t necessarily have to launch a global business, start small to try to come up with a solution that will help the local and then you can make it big if you want
For ideas, I have to say now launching a business is easier then ever there are so many options now you can start a salon and allow people to book your services from apps, you can also start a logistics business or taxi service, etc.
You can also get ideas for your business through this website: https://www.odtap.com/
Yes, this is enough for a small business. And to get information about website hosting visit at http://www.onedollarwebhostings.com/rs-99-web-hosting-domain-godaddy-india.html. This will give you the best deal on web space.