#businessnumbers

[wealthpalofficial]

Are you passionate about woodwork and designing? If yes, you may want to explore starting an independent business as a designer and manufacturer of premium teak wood furniture. Do you know that teak wood regulates its own temperature, allowing it to stay cool in the summer and warm in the winter? Teak wood can also last for generations in a wide variety of climates with zero maintenance. This is due to the high rubber and oil content of teak wood that leave it impervious to rain, weather, and pests, making it virtually immune to rot. From large dining room tables to elegant cabinets, teak flooring and patio furniture, teak is a popular choice for premium home buyers. Teak wood also provides the flexibility that furniture makers are looking for. According to Vivek Sharma, Founder & Carpenter In Chief ! @ Rusteak, “The business opportunity for premium teak wood furniture market in Mumbai alone is more than INR 3,000 crore. One needs to come up with a USP and story to position one’s business to the right buyers.” These numbers show what it takes to run an in-house designing and manufacturing workshop for teak wood furniture. #financialrequirements #businessrequirements #businessnumbers #newbusiness #teakwood #furniture #bizstart #businessideas https://www.instagram.com/p/CBr7JzFFOWA/?igshid=1rmn4m67w13ml

[wealthpalofficial]

Have you decided to take your jewelry designing talent into something more than a hobby? Starting your own jewelry business can be really rewarding if you have the talent to create new designs. Designer jewelry refers to jewelry that adheres to a certain aesthetic determined by an individual craftsman or design company. Designer jewelry includes: 1. High jewelry: Involves exquisite design, rare and expensive materials and expert craftsmanship 2. Designer jewelry: artistically conceived and executed by people of artistic ability and jewelry making skills 3. Custom jewelry: Jewelry that is made to order 4. Studio jewelry: It is almost always handcrafted by an individual jeweler working with a small staff of assistants Tarun Jagwani, Co-Founder and Designer at TSARA says “Designer jewelry are frequently made by artisans and often launched through a campaign with the help of celebrity or an event.” If you're really planning to start a business in designer jewelry, you can talk to one of the business owners. DM me. In near future I'd be covering details of retail/online business in designer jewelry. Stay tuned. #designerjewelry #financialrequirements #newbusiness #passion #businessnumbers #businessideas #businessrequirements https://www.instagram.com/p/CAx599yFuY4/?igshid=19ulta6zjvmvj

[wealthpalofficial]

Are you a Yoga lover? Do you know that due to yoga’s popularity, many yoga lovers have quit their corporate world to start their own yoga studios? A word of caution: you may be passionate about yoga, but if you want to pursue it as a business, treat it as such. Many yoga teachers want to earn big in teaching yoga, but feel asking for money isn’t yogic. You have to be a good marketer. Yoga is an ancient philosophical practice that combines body movement and fixed postures with meditation and holistic physical exercises. The investment for starting a yoga studio is minimal, making it a thriving and lucrative business idea. While opening a yoga studio, keep a niche in your mind. Key success factors for running a yoga studio include: 1. Creating a strong community 2. Being strategic about promotional deals, e.g. loyalty programs 3. Understand what class schedule will work for your community 4. Running live-streaming challenges on social media 5. Think quality over quantity These numbers have been obtained by interviewing operators of yoga studio. If you are planning to open one, you get to talk to one of the owners. #businessnumbers #businessrequirements #businessfacts #yogastudio #yogabusiness #financialnumbers #newbusiness https://www.instagram.com/p/CAhnPAfF3LN/?igshid=ccvpt8w099vl

[wealthpalofficial]

Do you enjoy working with corporate clients and at the same time passionate about travel and tourism industry? Well you can start a tour and travel agency catering just to corporate clients. Professionalism, specialization and personalized services are often the key expectations of corporate clients. The scope of services will include ticket bookings, visa, travel insurance, forex, car rentals, meeting and conference bookings, corporate tours, and hotel bookings. Operating a tour and travel business focused on corporate clients is relatively capital intensive because of the lag in payment cycle which is typically 30-60 days. RESHMA SHAH, partner at TDas Travels Mumbai who works with corporate clients says, “If you enjoy working with corporate, you can either manage a travel desk at corporate premises or work remotely. If you could get just 4-5 big corporate clients, you hands will be full!” These financial requirements have been obtained by interviewing business owners running this kind of business. #businessnumbers #businessrequirements #businessfacts #newbusiness #business #travelbusiness #ticketingbusiness #corporatetravel https://www.instagram.com/p/B_4xihml-LZ/?igshid=ia957rhcwb3z

[wealthpalofficial]

How many of us have attempted to buy shoes from an e-commerce platform and been disappointed because the size doesn't fit, or the shape doesn't complement our feet or the heels are not up to the mark, etc.? When it comes to footwear purchases, customers still prefer to walk into a retail store. Why? Customers prefer to get an entire display of products on offer, compare their favorite brands and try out a couple of sizes before making a buy decision. In addition, the frequent arrival of new designs, non-standardized sizes across brands, designs and shapes makes footwear a non-standardized commodity that most people prefer not to buy online. So, what does it take to start and run a footwear retail store? As part of my series to provide an opportunity to aspiring businessmen to be able to talk to real business owners before they commit their time and money to any particular business, here are numbers for footwear retail store as obtained by interviewing owners in Mumbai and Jodhpur. You also get to talk to one of the owners. Ramesh Ayani, proprietor Venus Shoes at Jodhpur says, “Footwear business is an all-weather business. Understanding customers’ taste plays a key role in business growth.” #businessnumbers #businessrequirement #businessfacts #newbusiness #business https://www.instagram.com/p/B_khR9nlNaa/?igshid=1uln835aqp5ht

[wealthpalofficial]

‘Work hard, snack often’ 'Life is too short not to eat good snacks' Indians are snack-loving people and eating snacks is considered to be a habit. Are you passionate about snacks manufacturing as a business option? Today, more than 1,000 snack items are sold in India spanning across tastes, forms, textures, aromas, bases, sizes, shapes and fillings. Indian snacks market is segmented into: · Extruded Snacks (e.g. breakfast cereals, croutons and crakers) · Chips; and · Namkeen Namkeen has the highest market share. Gujarat is a manufacturing hub in India due to easy and economical availability of raw materials and skilled chefs. The key organized players include Haldiram’s, Pepsico (Lay’s, Kurkure), Balaji ITC (Bingo), Prataap Snacks , Bikanervala and DFM Foods(CRAX). Just 3 brands - Haldiram, Bikaji and Bikanervala have combined sales of more than INR 7,000 crore (~$1 billion). Suresh Goel, CEO at Bikanervala Foods says, “In-house production gives us an edge over other brands”. Juzer Mithaiwala, proprietor Ezzi Farsaan at Mumbai says, “Namkeen has a short shelf life so it is important to serve it fresh. Our secret lies in taste and freshness.” #businessnumbers #businessrequirements #businessfacts #newbusiness https://www.instagram.com/p/B_RXQ7LF44e/?igshid=1m0cfdf3z9sax

[wealthpalofficial]

What does it take to start a business in Furniture Hardware? Furniture Hardware refers to the supporting pieces or products that complete a piece of furniture and supports the furniture by maintaining its design, pattern, outlook, and durability. E.g. drawer slides, hinges, handles, knobs, fasteners, pulls, etc. Furniture hardware is a $19 billion industry worldwide growing at a CAGR of 4.5%. Also known as builder hardware, the demand is fueled by construction activity including renovations in both commercial and residential buildings. The organized market is growing on the back of customer demand for aesthetic interiors and rising lifestyle aspirations of people. The major manufacturing and trading hubs for furniture hardware in India are Rajkot, Jamnagar and Delhi. Big players are focusing on making good quality products in India so that the need for import is reduced and size of export increased. Yusufi Dhinojwala, a 3rd generation businessman in furniture hardware based in Lohar Chawl, Mumbai says, “One needs to have patience to penetrate this market. Your ability to provide wide variety coupled with good customer service is going to determine how fast you grow.” If you want to know more, DM me. #businessnumbers #businessrequirements #businessfacts #newbusiness https://www.instagram.com/p/B_HPsBAFTWT/?igshid=cv19haqki23v

[wealthpalofficial]

What does it take to launch one's own business in branded footwear distribution? As always, these numbers are obtained from interviewing business owners in footwear industry. India is globally the 2nd largest footwear producer. With a CAGR of 4.5%, India produces 2065 million pairs of different categories of footwear out of which 95% is consumed locally. Key production centers in the country include Kanpur and Agra in Uttar Pradesh, Ranipet, Vaniyambadi and Ambur in Tamil Nadu. The sector is fragmented and close to 75% production comes from the unorganized sector. The key players in the organized sector include Bata, Future Group, Relaxo Footwears Ltd, Liberty Shoes Ltd, Nike, Inc, Adidas AG and Puma. Rohan Shah, proprietor Rohan Traders, a second generation branded footwear dealer in Mumbai says, “I personally foresee a trend where people will keep 7 pairs of shoes, one each for each of the days in a week!” Ramesh Ayani, proprietor Venus Shoes, Jodhpur says, “Footwear business is an all-weather business. Understanding customers’ taste and providing good salesmanship plays a key role in business growth.” If you are really passionate about starting this business, you get to talk to one of the business owner to get all your questions answered. #businessfacts #businessnumbers #financialrequirements #newbusiness https://www.instagram.com/p/B-1Ux6CFgFn/?igshid=ue82t84hryv5