𝐈 𝐫𝐞𝐩𝐨𝐫𝐭 , 𝐲𝐨𝐮 𝐝𝐞𝐜𝐢𝐝𝐞

Discover Future Prosperity: 4 Evergreen Business Ideas | GetSetReality

“A job can fulfill needs, but it can never fulfill dreams. Only a businessman can become rich. Among the world’s population, 90% possess only 10% of the wealth, while the remaining 10% control 90% of the money. None of those in the wealthiest 10% pursue employment.

After contemplating these disparities, you may resolve to pursue entrepreneurship regardless. You invest your savings and borrow from family, relatives, and friends, amassing 8-10 lakhs to start a business. However, if despite your efforts, the business fails, leaving you questioning its viability,  – how would you feel?

Statistics reveal that 90% of business starters face this harsh reality, often experiencing failure. Approximately 167,076 new startups emerged this year, marking a 7.5% increase from the previous year. Yet, with the rise in startups comes a corresponding increase in failures. Before venturing into any business or sector, individuals often fear failure. They worry about potential slowdowns and the risk of losing all investments. But what if I told you about certain business ideas poised for success and profitability, especially in 2023? Imagine receiving a foolproof plan backed by case studies from successful entrepreneurs in the same industry. What if you could explore business ideas that are evergreen and destined for success? These sectors offer opportunities for entrepreneurship or investment in established companies.

So, are you ready?…..

Food and Transportation:

Amazon made its start in India in June 2013. Within a few years, it began conducting business worth thousands of crores. According to recent reports, in the financial year 2022, Amazon’s India operations generated revenue of 21,462 crore. Flipkart, launched in India in October 2007 from Bangalore, currently boasts an annual turnover of approximately 50,000 crore. Similarly, Swiggy, founded in 2014, has grown into a company valued at 10 billion dollars by 2022, roughly 80,000 crore rupees. Companies like Zepto, Rapido, Dunzo, Grofers, and Delhivery, though recent entrants, have experienced rapid growth, with annual revenues reaching thousands of crores.  ⇒ What do all these companies have in common?

A closer look reveals that almost all of them operate on a delivery model, transporting products from one place to another and charging commissions for their services. This strategy has propelled their rapid expansion.

⇒ Consider this: are they delivering their own products?

⇒ Have they manufactured these products themselves?

No. These products were already available in the market, and customers like us were already present. These companies have created platforms that solve the problems of both sellers and buyers, making marketing easier for sellers and reducing hassles for buyers. Issues such as leaving home, shopping in crowded places, bargaining, and wasting time are now a thing of the past. Imagine being hungry but not wanting to leave the house. The first names that come to mind are Swiggy or Zomato, which deliver food from one place to another. This constitutes an indirect transportation business. Previously, we relied on personal vehicles or public transport to get around. But today, our first thought is often Ola, Uber, or Rapido. Numerous platforms exist nowadays that transport goods from one location to another, directly or indirectly. You too can consider making a significant impact in this industry. Start brainstorming and explore how you can profit by investing in this sector.

Education Sector:

Every Indian dreams of providing their children with a good education and ensuring their success in life. To achieve this, they invest their entire lives and finances in their children’s education. So, if you are interested in the education sector, or if you can directly or indirectly contribute to children’s growth, then you should definitely consider investing in the education sector. Udemy was founded in 2010 and has grown into a company worth 4 billion dollars. Byju’s, established in 2011, became a 16.5 billion dollar company in 2018. Unacademy, founded in 2015, reached a valuation of 3.4 billion dollars by 2020. Similarly, there are numerous startups in the education sector, such as Skillshare, Coursera, Eruditus, and upGrad. These companies have emerged in the last 5-10 years and are among the top players in the education sector. There are various avenues to explore in this sector. You can establish schools, colleges, or coaching centers. The education sector is not limited to formal education alone. Whether you’re proficient in video editing, playing the guitar, or trading in the stock market, you can share your skills with others. Whether it’s knitting a sweater or operating a rocket, if you possess any skill, you can teach it through your own offline institute or online via social media platforms. This can provide you with numerous advantages.

This clearly indicates that there is significant potential in the education sector, and you should consider investing in it. Yes, it is true that 90% of businesses fail. The primary reason behind this is that people often embark on ventures without acquiring the necessary skills and experience. It’s akin to diving into the sea without learning to swim in a pool first. If you aspire to be a successful entrepreneur, it’s imperative to gain a solid understanding of business fundamentals from a reliable source. It’s analogous to honing swimming skills in a safe environment before venturing into the open sea.

Agriculture and Food Production:

One of India’s most notable characteristics is its people’s fondness for food. Every 100 kilometers, the language changes and you find a local delicacy. If we consider Zomato or Swiggy, they have thrived by amalgamating two booming sectors: food and transportation.

Companies like FreshMenu, Faasos, magicpin, and eazydiner, among others, have capitalized on the food sector and established robust businesses. The food sector offers endless business ideas, such as food vlogs, YouTube food channels, dieticians and nutritionists, home tiffin services, catering, cooking classes, homemade pet foods, sprout making, microgreen farms, ice cream parlors, and much more. Now, start brainstorming how you can create something significant in the food business.

At the time of independence in 1947, the population was 39 crores. By 2022, the population had increased to 141 crores, indicating an increase of 100 crore people in 75 years. Consequently, the production of food grains should also increase. Despite the growing number of consumers, land remains limited. To boost production, the Green Revolution began in 1960, introducing Indian farmers to irrigation facilities, modern technologies, and the use of chemicals, pesticides, and fertilizers.

Healthcare Sector:

However, alongside population growth, there has been an increase in pollution and water contamination, leading to widespread use of ROs in households. These changes have contributed to the prevalence of numerous diseases in our lives, some of which were previously unheard of. Conditions like diabetes, thyroid disorders, and hypertension have become common in almost every family.

In such a scenario, the healthcare sector emerges as an evergreen industry that never ceases to operate. The COVID-19 pandemic has underscored the importance of having health insurance and policies. Investing in the healthcare sector can yield significant benefits. Companies like Netmeds, HealthifyMe, PharmEasy, Tata Health, Practo, and Generic Aadhaar are successful startups in the healthcare sector. Studying these firms can provide valuable inspiration.

If you have some amazing business ideas, do share your views on this blog by commenting. So that, our entire community can interact and learn with one other.

Thank You……

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