There is no
formula to become a successful entrepreneur; because some ventures may succeed
while others fail. Nonetheless, business opportunities are galore. So, let us discover the profitable franchise business opportunities available today.
Automobile
India is today a
hot spot for automobiles and auto parts. The Indian automotive sector is a
cost-efficient hub for global car manufacturers. In 2014-15 the automobile
industry recorded a 31% growth in sales despite a sluggish economy. The strong
sales growth has made India the second fastest growing market after China.
India with a strong engineering base and expertise is counted as one of the
world's largest small car manufacturers. Thus, entrepreneurs can focus on
building a profitable business in this sector.
Car Wash Franchise Opportunity
Following the
automobile sector, the need for the vehicle’s maintenance has paved way for the
Car Wash Franchise opportunity. This
sector focuses on the upkeep of the vehicles and includes jobs such as car body
paint, waxing & polishing, interiors vacuuming and cleaning, and upholstery
cleaning. This new business opportunity has
rapidly emerged due to a huge fan following. The uniqueness about this business
is the ability to service the car any time, anywhere, simply the vehicle owner
needs to drop their vehicle at the gates of the car washing services and
receive their shining vehicle in a few hours.
Social
Ventures
Helping the less
privileged obtain employment is the driving force behind setting up this new
form of business. With an expanding young population in the rural areas, the
need to provide them jobs is getting stronger. Subsequently, several
entrepreneurs are taking the onus of establishing social ventures that leads to
employment opportunities for the youth, and many social ventures have succeeded
so far.
Software
Bangalore marked
as the Indian Silicon Valley has fuelled the growth and development of the
country’s economy. The projected revenue growth of $70 billion is expected to
be achieved by 2020. With a colossal pool of software engineers, launching a
software firm is quick and easy. With global companies outsourcing projects to
India, B2B services and solutions are high in demand and entrepreneurs can bank
on this opportunity by rendering innovative and cost-efficient solutions.
Engineering
Goods
With a positive
growth rate of 30%, India continues to be the fastest growing exporters of
engineering goods on the globe. The government has set a target worth $110 billion by 2015 for engineering
exports. Therefore, it is a highly lucrative opportunity for entrepreneurs to
capitalize.
Tourism
India with its
unique cultural heritage and diversified and vast history draws millions of
domestic and international tourists each year, and the numbers are growing
rapidly, too, no wonder Tourism in India is a hot bet. So, if you like
travelling to different locations, within India and across the foreign shores,
you can invest in this sector.
So now with these
gleaming options, you can start a
business in India and move forward with the idea of generating a strong
income and employment opportunities for others.
