One of my business is .. I have manufacturing unit where we have huge capital intensive machines. We need huge labour. As we have Business which has huge competition so we need to deal on credit terms. The raw material is very expensive which is 70% of cost. Then processing cost is very high. So it’s quite high risk preposition.
so after years of experience and extensive study in China America Australia , my final conclusion about business is this …
- Minimum capital investment
- Less labour intensive
- Less Raw material intensive
- Self controlled in terms of technical skills
- Futuristic means which solves people’s problems
- Less of working capital required
- Good market demand so no sales on credit terms
For example the ice making factories would make more profit and the stress was comparatively less because raw material is water. You do not need too much labour or working capital.
If we analyse consultancy business is great.. no investments … more of knowledge and learning. No recurring cost . If you are good it will grow always . It could be any consultancy
Starting online business to solve people’s problems which does not have much investment . If your product and services are good. You will grow exponentially .