What to discover in the big city
When it comes to the implementation of a fresh business idea, the first thing a businessman thinks about is the amount of profit, the level of investment and the payback period of his project. But do not forget that the success and profitability of a particular occupation is a very relative question.
There are a number of important aspects and factors that affect the performance of commercial activities in different ways, depending on the conditions for implementing a business project. In one case, certain features can play into the hands of a businessman, and in another, they can reduce the result to a minimum.
Thus, we can distinguish 3 groups of business projects:
- Activities in large cities
- Activities in small towns
- Activities in rural areas
What is the most profitable business in a big city (over a million)?
To begin with, it is important to evaluate for yourself all the advantages and disadvantages of such a factor of influence on business development as a high population. But here, too, there is a duality of assessment.
Since the fact, for example, that residents of a large city are spoiled by the variety of offered goods and services, may indicate not only guaranteed the highest competition in almost all areas, but also the possibility of reaching super profits, in case of a successful search for a market window.
Residents of large cities have relatively high incomes, high demands for services and a particular interest in original goods. All this in total will give a high profit to those who find the opportunity to influence potential consumers.
There are also types of activities that are aimed at meeting public needs and are invisible to each resident personally. So, for example, high profits can be obtained from recycling.
According to unofficial data, one resident of a large city on average throws out about 100 kg of polyethylene containers per year. Recycling this type of waste brings huge profits. In addition, this business is of a noble nature and in highly developed countries has strong government support.
We offer a brief overview of the 10 most profitable businesses for a small town with a population of 10 to 100 thousand inhabitants. We did not take into account any new ideas and know-how. The review contains only proven ideas, which, if properly organized, cannot but be profitable.
Building materials production
In small cities, labor is generally cheaper than in large cities. Therefore, any business related to production will be more profitable here. Moreover, in small towns, rent and utilities are cheaper and it is much easier to find a land plot and premises. The local administration is also more accommodating and easier to establish contacts in bureaucratic circles.
Thus, people would rather go to the nearest and most affordable service than look for it in the nearest city. Finishing Company Finishing Company is a good deal for the countryside. Whether it's renovating or completing new homes, you may want to consider offering a variety of services such as plastering, carpentry, flooring and wall coverings, painting and window or door installation. Transport company The advantage of setting up a transport company in rural areas is that there is no competition since most of these firms are located in urban areas.
One of the most common and proven businesses in small towns is the production of building materials. First of all, these are foam blocks, cinder blocks, bricks (including lego), self-supporting insulated wire panels, paving slabs, curbs, reinforced concrete rings, etc. For landscape design, you can produce bulk materials, such as decorative crushed stone and decorative chips.
Thus, companies that need to provide transportation of goods will like a local company. The initial investment is moderate and the required vehicles are rented. At the same time, you have the ability to transport people where you need to pay more attention to the current legislation. Agro-generation With moderate investment, agribusiness allows the farmer to supplement his income. Agropolis offers accommodation and contact with agricultural activities and tourists can take part in it.
The promotion and quality of the service will play a big role here, which, if correct, will attract customers almost all year round. Catering It is preferable that a catering establishment in a rural area has a nearby town. Thus, he can accept orders not only from the countryside, but also orders for large or large events in a nearby city.
There are many options, you just need to act. The sale of building materials can be carried out to the nearest large city, to construction companies and private buyers.
Business for all time, regardless of the size of the city, is the production of bread and bakery products. During the crisis, the consumption of bakery products increases sharply, so now is the time to open a similar business.
It is not necessary to invest too much to create such a company, and the income can be significant. Accounting Firm In rural areas, many businesses look to businesses to keep track of credentials. Thus, those who call on firms farther from the lack of accountants in the area will be reoriented and head to a local firm. This is a business that requires moderate investments that generate good and stable income. Veterinary office A rural veterinary office is a business that generates very good income and at the same time requires relatively little investment.
How much money do you need to open a mini-bakery
Small towns in our country are considered to be unpromising and depressed. Young people who return home after studying in large cities are called losers. But this is not the case. A hardworking person can achieve great success in any locality. Business in a small town for a woman is the best activity that allows you to get financial freedom and moral satisfaction.
Where better for shopping than air-conditioned, fully weatherproof spaces pumped up by canned music and canned fountains, where national chain stores could be found - and even better - tons of free parking?
Secondly, local demographics and tastes or “lifestyles” have changed. Many small towns have started an outflow of newly formed baby boomers looking for brighter lights and better jobs, leaving an aging population behind. Why live in a senior housing stock with a neighbor just 30 or 40 feet from home when you can buy a beautiful new home on a big new site in a new new subdivision just outside the city? And once you live there, wouldn't it be easier to just drive to a mall or mall rather than head out into town and parking to get to the pharmacy or buy a new shirt?
Delicious fresh pastries are in demand in any locality. Recently, many small private bakeries have sprung up that are quickly adapting to changes in the market. They offer consumers a wide range of different products of excellent quality. The main motive that pushes newcomers to open such a business in a small town for women is economic benefits and a decent stable income.
Finally, local economies have changed. Many small towns that depended on local industry or natural resources as their biggest economic constituent and employer, where labor or capital was cheaper. At the same time, large banks swallowed small local ones, changing local financial relationships that lasted fifty years or more.
The results of all these trends, taken together, included new unemployed, shrinking local economies in small towns, and battling small businesses that were struggling to obtain operating loans and credit. Better to try to sell if you can, or just just go out of business.
It is worth noting that it has many advantages:
- In order to open a mini-production of bakery products, you will not need a large staff;
- The company logo can be placed on the packaging. Thanks to this, you can save on advertising;
- Bakery products are in demand at any time of the year. Such products are bought always and everywhere, regardless of the economic situation.
The profitability of this idea for a business in a small town for women reaches 30-40%. Equipment, rental of premises, purchase of raw materials and other expenses will require 1.5 million rubles. The payback period is 2-3 years.
Could the main highways and lanes be more pedestrian and walkable? Can the city parks or streams that pass through the community be improved, cleaned up and contributed to local assets? Could the community use neighborhoods outside the city to protect these worklands, or is it better to keep open space in general and focus any new growth in the city center?