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" BUSINESS"
It is an activity of making one's living or making money by producing or buying and selling products such as (goods and services)
I think you are here to start your business right✌ we will help you start your own business by giving some tips. We will explain to you the 7 most common types of business. Before starting a business you need to create a business plan. We will help you to achieve your goal.
THE 7 MOST POPULAR TYPES OF BUSINESSES
SOLE PROPRIETORSHIP:
A sole proprietorship is a business that is owned by one person and has no legal or financial distinction between business & business owners.
PARTNERSHIP:
A partnership also means business, financial & legal responsibilities which are equally divided. And it must be registered for IRS purposes.
LIMITED PARTNERSHIP:
Ideal for those interested in raising capital from investors who aren't active in day-to-day duty.
CORPORATION:
A type of independent and multiple shareholders and appropriate for established businesses with employees.
LLC:
A limited liability company is nothing but (LLC) it is a mixture of a blend of partnership & corporation and there is no personal property at risk and there is less regulation.
NON PROFIT:
A non-profit organization is a type of business that as earnings pay expenses of the company which means profit at charitable purpose. Can apply for "tax-exempt" status.
CO-OP:
Cooperative is an earning which is divided among members and no external stakeholders and members of its organization use its service.
STATING A NEW SMALL BUSINESS?
First, find out where to begin and how to achieve success;
- You want to make sure you prepare thoroughly before starting a business, but realize that things will almost certainly go away. To run a successful business, you must adapt to changing situations.
- Conducting in-depth market research on your field and the demographics of your potential clientele is an important part of crafting a business plan
- Before you start selling your product or service, you need to build up your brand.
BUSINESS IDEA'S
ONLINE BUSINESS:
1. SEO CONSULTANT
If you know the ins and outs of search engines and have technical skills in platforms like Google Ads and Google Analytics, becoming an SEO consultant could be a lucrative option for you. many small business owners don't realize how much of an impact search engine optimization (SEO) can have on their business.
you could use your marketing skills to show business owners the benefits of using analytics data, strategic keywords, and content structure to gain more organic web traffic.
2. BLOGGER
Blogging is a viable small business opportunity that allows you to choose a niche that really suits you. And you can make money through advertising, affiliate links, info products, or any number of other avenues.
3. SOCIAL MEDIA INFLUENCER
Or you can instead focus on growing your own social media accounts. And if you garner enough influence within your network, you can build a business as an influencer that works with brands to promote products and services on your account.
4. E-BOOK
If you have a book idea in your mind, then you can write your e-book at home and publish it on the platforms like Amazon and others apps.
5. ONLINE COURSE CREATOR
You can also share your knowledge with people online by catching your own course which you will know and selling them on your own website or email list.
6. ONLINE BUSINESS COACH
If you have a fair amount of online business expertise, you can offer to consult or coaching services to clients and communicate with them via email or video chat apps like Skype.
7. YOUTUBE PERSONALITY
For those entrepreneurs who are comfortable in front of the camera, you can start your own youtube channel as an online business and earn revenue through ad shares.
8. WEB DESIGNER
If you have some design savvy and knowledge about websites, you can offer your services to clients as a web designer.
TOP 10 BUSINESSES IN INDIA:
NO 1.
- Retail & Wholesale Trade Industry
- It contributes Indian Economy-15.7%
NO 2.
- Agriculture Industry
- It contributes Indian Economy - 15.7%
NO 3.
- Real Estate Industry
- It contributes Indian Economy -13.5%
NO 4.
- Banking and Insurance Industry
- It contributes Indian Economy - 10%
NO 5.
- IT and IT Services
- It contributes Indian Economy - 9%
NO 6.
-Transportation Industry
- It contributes Indian Economy - 8.5%
NO 7.
- Engineering Industry
- It contributes Indian Economy - 8%
NO 8.
- Chemical Industry
- It contributes Indian Economy - 7%
NO 9.
- Tourism Industry
- It contributes Indian Economy - 6%
NO 10.
- Textile Industry
- It contributes Indian Economy - 4%
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CREATED BY: J.AJMAL AHAMED, A.ABDUL AFSAR.
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