What if I have close to 10 lakhs + in cash. Can I start something in these cities which can at least generate a monthly income of 40/50k for a sustainable long term. If not what’s the capital needed? Please note I don’t have any business prior expertise Uncertainty in tech sector has left me stressed. I need a minimum of 45-50k to sustain.
I need some ideas. Lets discuss.
Look out for new projects like educational institutions, residential buildings, offices etc and open a consumer needs business like food, grocery, tapri etc Start small and then scale based on the response.
That's more than 50% earning on capital per year (6lpa/10lakh). I don't think any passive businesses can generate that kind of profits.
Probably opening a small food stall. I am also looking for such thing.
You can get some good land or your parents might have already. Try to make some commercial use of it and generate rental income.
Also, I see rising consumerism. GenZ, particularly students are spending on higher experiences. I saw too many food vloggers and restaurants popping up in a small city in UP, but not sure how long they'll last. It's counter intuitive to me but back of my mind i believe that it works and I'm just unaware of the real numbers.
Momos, chat stall?
You can use all your tech-chops to throw a whacky, attention grabbing names. Instagram for social messaging. 10L can enable you to operationalise at multiple locations, 40k should be easy!
Following, same situation can spent 10-20L to start
So I have 10L in cash and I can take loan for commercial investment. Some examples could be
I dont want to leave my job (atleast not yet). But I exploring business ideas in tier 2 city that would allow me to invest about 10% of my time while my father manages the rest.
Looking for suggestions or recommendations for investing an amount of 20k per month. Note: This is not my total income. This is what I have to spare and live a comfortable life. Confused about going with mutual funds or SIPs or NPS or P...