Business Ideas - Topic of the day (15-07-14)

The only source to earn more money in less time is nothing but with a good business model. So What to do and what are the options available?

Options:

1. Setting up a new business unit

2. Hiring an existing industry on lease

3. Looking for an existing industry for sale

4. Browse on internet for any ideas

5. Next future market - Scrap Handling

6. Handling biological matter in collaboration with a municipality.

1. Setting up a new business unit:

This needs a lot of effort in the initial stages and is to be well planned. More time is required with huge man hours. This is a risk based option where in the feasibility, market conditions etc plays a major role.

2. Hiring an existing industry on lease

This is a good option. The only requirement is an investment and an initial market study. Pay the company, hire it, explore market for rigorous demand and start producing the product at peak capacity. Make Profit and pay the owner. But the margin in this is less as some part of the profits are being paid against the lease.

3. Looking for an existing industry for sale

Found one -  http://www.cencorefining.org/ which says that "CENCO Refining Company is located in Santa Fe Springs, California, near Los Angeles.  The 50,000 barrel per day refinery has been sold.  However, some units and equipment that are not part of the sale remain available." Buy some equipment which may suit to set up an establishment of your interest at a relatively less price and reduce the initial investment. 

4. Browse on internet for any ideas

Lot of projects and business ideas are not put into use because of lack of funds, time and technology. Select a project or a business idea and work on it

5. Next future market - Scrap Handling

There is a great future for scrap handling. Currently the goods being manufactured have less life time. This is one of the greatest marketing strategy implemented jointly by all the industries. Even though a product can be designed for a more life time, it is designed for a lesser time in-order to enhance the year-on-year sales of the company. Because of this strategy, the life time of the products has come down and there is a lot and lot of scrap being generated. This scrap has a real competitive price in the market. The main scrap being the e-waste generated from the silicon cities all across the world has a huge potential. Even though this industry has an add-on advantage of government subsidies, wherein the government will provide enough benefits for clearing the scrap and reusing the material further.

6. Handling biological matter in collaboration with a municipality.

Municipalities all across the world are currently facing the problem of handling biological matter that is being generated on day to day basis. There is enough technological growth in this area wherein the matter is treated with a bacteria to convert it into useful energy and also to compress its size by increasing the energy density. This reduction in space can be used for further storing of the matter as well in transforming the matter into energy rich. The government also provide subsidies in this area, as this is a part of society development.