What Kind of Business Should i Start? Please Help....

I want to start a business in low budget...
Recently i was started a Data Entry Business, which was in totally loss so now i am just collecting information about starting a profitable business...
Now i am thinking to start a backend work, Anybudy can me provide some help by suggesting any other business work?
Thanks

 

This requires further questions before any one can suggest anything. Mention what interests you, what are your abilities, how much you can invest (I am talking about Working Capital, which is continuous investment, so you can decide in terms of monthly investments), you want that business to be full time or part time and so how many hours a day you can give. Some people work full time and give 8hr a day, some give 14-25hrs, what's your number? Are you a team member...meaning do you have a helping attitude and do you involve yourself with the team, take part in discussions, guide your inexperienced team members etc.?
These are some of the questions which you need to ask yourself among many before you can take on any project. Plus, whatever business you do, stick to it until you get success, do not quit. Just remember this when you feel like quit, "if others are earning money in same business, why can't you".
Wish you luck!

 

As suggested by Camohit, you need to do some home before staring anything.

Other than data you can visit some freelancing website and bid on projects which best fit your abilities. Initially you might struggle a lit bit but i am sure you will get pace very soon.

 

Rahul,

Before answer that, I have a question. What do you usually to do in your free time?

What about start a business related that?

 

Why not just buy a website that currently don't earn much and you get to develop it more.

 

What are your skills and interests? You should do something that you are good at or something that you are really interested in.

 

What is your favorite hobby? What do love to do more than anything? What are you knowledgeable about? Answer those questions and start from there.

 

As I see that you have started with data entry and goes in loss. So Before starting new business you have to think about how much money you want to invest in that. Investing and trading are two very different methods of attempting to profit in the financial markets. The goal of investing is to gradually build wealth over an extended period of time through the buying and holding of a portfolio of stocks, baskets of stocks, mutual funds, bonds and other investment instruments.

 

Sounds weird but selling feeder animals can be surprisingly lucrative.

 

Thanks for all guys,,,, i will not quit untill i got my AIM and all of your suggestions will helpful for me...

 

Nobody can suggest you a business. You should think yourself, what types of business you like most. In which business you have lots of knowledge. You must have confidence, hard working mind and honest stuffs.
Listen, business not is an easy way where you will become a reach man overnight. You must have to work hard, hard and hard.

 

You mentioned that your Data Entry business made a loss - don;t forget to ask yourself why? Most Entrepreneurs have at least one failed business behind them - it generally teaches you more than you think about what not to do next time - so do spend a bit of time reflecting on what to change / do differently - whatever your new venture is.
Good luck

 

Omo37 is very true, look at why? and how to fix it? Just wanting to start a business is not good enough. Do you know yourself? Do you know your environment?
what is missing in the area you want to start a business in? what will be in need in 10 years time? You need a bit of analysis before jumping in the pool.
Do not over think it though, find a problem, find or make a solution and make money off of it.
Starting a business as I am sure you know is not easy but keeping it profitable is even more difficult so think good and proper about everything
start from yourself and your capabilities, think and analyse your environment and then decide.
Good luck

 

This is such a broad question, and it is by no means an easy one to answer. The first thing you have to look at is which businesses are profitable. After all, we're all in business to make money, but that can't be just enough. You have to find something you feel passionate about -- something that will keep you going no matter what. Because you will hit walls. So, you need to have the strength to break through those walls. In short, you have to love it -- so much that it drive you to keep going.

I hope that helps, and good luck.

 

I just like to suggest you to start an e-commerce business which is very beneficial and nowadays booming over the Internet.