Looking to start a business that will make you money? Check out these 7 business ideas for startups!
Starting your own business can be a daunting prospect, especially if you don’t have any experience in running one. The best way to get over this fear is to research and find out what ideas have potential and which ones might not be so great. This list of 7 Business Ideas for Startups that can make you Money will show you plenty of good options to consider, as well as some that you should keep in mind when thinking about your unique situation and skill set!
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Wheat Processing Unit (Wheat Starch, Vital Wheat Gluten, Modified Starches, Fibres & Proteins)
A wheat processing unit is a piece of machinery that is used to turn wheat into starchy foods like white flour, pasta, and pastries. Vital wheat gluten, which has a high protein content and is utilised in many gluten-free goods, can also be made from processed wheat. Additional qualities, such as a thicker texture or a richer colour, can be added to processed wheat and utilised in ice cream and cake mixes.
Business Plan: Setup Wheat Processing Unit (Wheat Starch, Vital Wheat Gluten, Modified Starches, Fibres & Proteins)
Almost anyplace wheat is farmed, a wheat mill, also known as a wheat processing factory, can be found. The wheat storage unit, wheat cleaning system, wheat grinding unit, and wheat packing machine are the four basic components of a wheat mill.
Advantages of Setting up Wheat Processing Unit:
In addition to storing raw grains, wheat processing machines are utilised for a variety of food manufacturing processes. Steel, aluminium, and plastic are some of the materials that can be used to make these wheat processing units. They are used to keep dry fruits and other consumables free of moisture in addition to storing grains.
Related Feasibility Study Reports: Cereal Processing (Rice, Dal, Pulses, Oat, and Wheat), Sugar and value added Products and Projects
Additionally, these wheat processing technologies assist in the separation of damaged grains from excellent grains, eliminating waste from low-quality grains or crops. They also help to keep insects away from stored goods, which could cause damage otherwise. Apart from these benefits, wheat processing equipment can be customised to match the needs and specifications of unique consumers.
Read our Books Here: Cereal Food, Cereals and Cereal Products Processing Industry
The market is estimated to increase at a CAGR of 3.1 percent between 2022 and 2027 as a consequence of the aforementioned factors. A key driver of the global Wheat starch market is the rising demand for wheat starch as a stabilising and gelling agent in numerous end-use industries. Wheat starch is a thickening ingredient used in a wide variety of meals. Gelatinization and retrogradation thicken dishes using wheat starch.
Watch other Informative Videos: Food Processing and Agriculture Based Projects
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3-Chloropivaloyl Chloride Manufacturing Business
The hazardous liquid 3-chloropivaloyl chloride has a horrible odour. In addition to being utilised as an intermediate in chemical synthesis, it has been used in research applications for DNA modification. When inhaled or absorbed through the skin, 3-chloropivaloyl chloride is flammable, moisture and oxygen sensitive, and dangerous. It is water insoluble, but alcohols, ethers, chloroform, and carbon tetrachloride quickly dissolve it.
Business Plan: 3-Chloropivaloyl Chloride Manufacturing Business Plan
3-Chloropivaloyl chloride is used as an intermediate in the organic synthesis of medicines and agrochemicals. Antibiotic properties can be found in the chemical. It can be used to make furfural, picolinic acid, methanol chlorohydroxide, alpha acetylsalicylic acid (aspirin), 3-chloro acetic acid, and paratoluenesulfonic acid. It’s also a precursor to pesticides such as aldrin, dieldrin, endosulfan, and lindane. It’s also utilised in the manufacture of perfumes like rose oxide and civetone. It is also utilised in the production of pesticides such as fenitrothion.
Related Feasibility Study Reports: Chemicals (Organic, Inorganic, Industrial) Projects
The chemical is used in the production of dyes, paints, and rubber compounds. It’s also used to extract gold from ores using the cyanidation process. It can also be used as an epoxidation catalyst. India’s demand for acid chlorides is predicted to grow at a CAGR of more than 8% between 2020 and 2024. The Indian market is expected to grow substantially throughout the forecast period due to rapidly increasing population and urbanisation.
Read Our Books Here: Chemical Technology (Organic, Inorganic, Industrial), Fine Chemicals
Over the forecast period, rising demand for acid chlorides is expected to be driven by increased exports of organic and inorganic chemicals, increased production of dyes and dye intermediates such as reactive acid and direct dyes, and rising demand for polymer from various end-use sectors such as automotive, construction, and healthcare.
Watch other Informative Videos: Chemicals (Organic, Inorganic, Industrial)
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Badminton Rackets Manufacturing Business
Badminton rackets production is a business that assists players in learning to play badminton and providing them with the necessary equipment. However, because starting a Badminton Rackets manufacturing business from scratch can be tough, learning how to start your own Badminton Rackets manufacturing business may make sense if you are interested in this area of work. We’ll go over some of the steps you can take to get started.
Business Plan: Badminton Rackets Manufacturing Business
In comparison to Asia and Southeast Asia, Europe and the Americas have much less badminton fans. It is primarily popular in the Nordic countries, particularly Sweden. Because the region is affected by the region, the temperature is low, and the night is even in the winter, indoor activities like badminton are quite popular.
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The global badminton racket market was worth 580 million dollars in 2018 and is expected to reach 980 million dollars by the end of 2025, with a CAGR of 6.7 percent from 2019 to 2025. The goal of this research is to define, segment, and forecast the size of the Badminton Racket market by company, product type, end user, and major regions.
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Setup Plastic Waste Recycling Plant
A Plastic Waste Recycling Plant (sometimes called a Plastic Recovery Facility) is an industrial facility that recycles and reuses plastic waste. Some companies are even capable of recycling some types of plastic into new resin pellets. If you’re looking to start a business, there’s never been a better time to get involved in plastic recycling in some way. More details on how to do so can be found further down.
A plastic waste recycling plant, also known as a plastic crusher plant, is a machine that uses a shredding and classifying process to recycle waste plastic into secondary products.
Business Plan: How to Setup Plastic Waste Recycling Plant
Benefits of Recycling Plastics
Plastic recycling has a number of benefits, including energy savings and lower greenhouse gas emissions. It also contributes to the conservation of nonrenewable resources such as oil and gas. Furthermore, whether through legal or informal economic activity, recycling provides a source of income for millions of people and families in disadvantaged countries.
Related Feasibility Study Reports: Waste Management and Recycling, Industrial Waste Management, Agro Waste, Municipal Garbage, Plastic, Paper, Metal, Iron, Glass, Rubber, Electronic, Medical Waste Recycling, Solid Waste Treatment, Agricultural, Wood Waste, Residue Processing Projects
Despite the fact that plastics consumption is fast increasing in developing nations, particularly due to increased demand for plastics from Asia, developing country plastic consumption per capita is significantly lower than in developed countries. Recycling, on the other hand, has a far greater use in developing countries for a variety of reasons.
Read Our Books Here: Waste Management, Waste disposal and Recycling Industry
Despite increased global competition brought on by lower customs rates, India’s sector has risen at a rate of over 11% per year, compared to global growth of 3 to 4%. Between 2002 and 2007, output increased at a 5.5 percent annual rate, whereas consumption increased at a 5.6 percent annual rate. In 2007-08, the industry saw a slight decrease in output. Polymer manufacturing began in India in 1945. It took 45 years to reach one million tonnes of usage. During the next decade, consumption more than tripled, reaching 3 million tonnes per year. The current consumption demand is expected to be about 6 million tonnes, including exports.
Watch Videos: Waste Management and Recycling
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Lovastatin Production Business (from Dextrose, Peptone Powder, Sugar & Soyabean)
Lovastatin is a medicine that helps to prevent strokes and heart attacks by lowering harmful cholesterol and lipids. Lovastatin is a statin medicine that reduces the risk of heart attack and stroke by lowering bad cholesterol and fats like LDL and triglycerides while retaining good cholesterol in the blood.
Business Plan: Lovastatin Production Business (from Dextrose, Peptone Powder, Sugar & Soyabean)
Lovastatin is a methoxylated carbobicyclic framework fatty acid ester of mevastatin. It’s an anticholesteremic medication found in fungus species including Aspergillus terreus and Pleurotus ostreatus (oyster mushroom). Lovastatin is an anti-hypercholesterolemic medication that decreases blood cholesterol levels.
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Lovastatin inhibits the enzyme 3-hydroxy-3-methylglutaryl coenzyme A reductase, which lowers cholesterol synthesis. As a secondary metabolite, lovastatin is produced commercially by several filamentous fungi, notably Aspergillus terreus.
Biomedical Applications of Lovastatin
- Coronary heart disease (CHD)
- Actions to Lower Cholesterol
- Alzheimer’s disease medications (AD)
- Renal disease is treated with lovastatin.
- Cancer and Lovastatin
Read Our Books Here: Chemical Technology (Organic, Inorganic, Industrial), Fine Chemicals
Due to rising demand for statin drugs, the worldwide Cholesterol Lowering Medications Market is estimated to rise during the forecast period. Based on medicine class, the cholesterol-lowering pharmaceuticals sector is classified into statins and combinations, as well as others. Because of its improved effectiveness and lower costs, this pharmaceutical class is likely to dominate during the projection period.
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A major portion of the market is expected to come from the Asia Pacific region. This is due to a growth in healthcare knowledge, research, and government activities in the healthcare industry, all of which are contributing to the creation of jobs in the region.
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Quartz Slabs Manufacturing Business
Because quartz is one of the most abundant and hardest minerals on the planet, it’s “hardly” surprising that manufacturers recognised its great potential as a surface material more than 50 years ago. Since then, quartz countertops have grown in popularity as homeowners have discovered what the early quartz pioneers already knew: when the natural mineral quartz is improved via man’s ingenuity, quartz worktops can compete with other natural stone counters in every way.
Business Plan: Quartz Slabs Manufacturing Business
Quartz’s natural resilience to abrasion, scratches, dents, and even acids eliminates the need for sealants, even in its manufactured form. Quartz is a plentiful resource, and the finished product is nontoxic and nonallergenic, as well as lasting a lifetime, obviating the need for replacement. One of the most durable materials known to man is quartz. Quartz countertops outlast granite and are more versatile.
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Quartz countertops are stain-resistant, so a glass of wine dropped on them can be cleaned with a damp towel (not that you’ll be spilling any wine, right?). Quartz comes in a variety of colours. What you see in the showroom or on a sample in your home may be what you get.
India is on the verge of tremendous urbanisation in the coming decades. By 2050, India’s urban population is expected to be approximately 81 crore, with over one crore people moving to cities. Due to demographic changes, higher income, an increase in the share of nuclear families, and urbanisation, the housing sector in the country has grown rapidly in the last decade.
Read Our Books Here: Minerals & Mineral Processing, Glass and Ceramics
During the recent decade, quartz surfacing, particularly for countertops, has grown in popularity. Customers seeking a long-lasting and consistent aesthetic can turn to quartz surfacing products as an alternative to natural stone or other surfacing materials. As a result of its increased popularity, quartz surfacing producers are expanding their offers, giving solutions for both clients and the design community.
Watch other Informative Videos: Mineral and Ore Processing
The residential sector is anticipated to be worth over US$ 40,900 million in 2026. From 2017 to 2026, this amounts to a 4.6 percent compound annual growth rate (CAGR). The residential category is expected to lose market share by the end of 2026. Residential was anticipated to account for more than a quarter of the revenue share of the end use industries category by 2017.
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Automated Vehicle Scrapping and Recycling Unit
The deconstruction of automobiles for spare parts is known as vehicle recycling. Vehicles have value as a source of replacement components as they reach the end of their useful lives, which has given rise to the car dismantling industry. Commercial outlets in the business are often referred to as “wrecking yards,” “auto dismantling yards,” “vehicle replacement parts providers,” and, more recently, “auto or vehicle recycling.”
Business Plan: Automated Vehicle Scrapping and Recycling Unit
Vehicle recycling has been a part of the process for a long time, but manufacturers have been more active in recent years. Before transferring a discarded car to a steel mill, a crusher is typically used to reduce its size.
In India, what is the scope of vehicle recycling?
India, being the world’s third-largest steel producer, offers enormous potential for vehicle recycling. Because it is mostly unorganised, auto recycling in India can provide a variety of benefits to the country, ranging from a boost to the automotive sector to fuel savings and job creation.
Related Feasibility Study Reports: Waste Management and Recycling, Industrial Waste Management, Agro Waste, Municipal Garbage, Plastic, Paper, Metal, Iron, Glass, Rubber, Electronic, Medical Waste Recycling, Solid Waste Treatment, Agricultural, Wood Waste, Residue Processing Projects
The recycling business is placing a significant wager on the government’s efforts. It is expected to produce business of USD 2.9 billion (roughly INR 190 billion) at first, based on 25% (7 million vehicles) of all automobiles that might be thrown. In the future years, these figures are likely to rise.
Market Predictions:
In 2020, the worldwide car recycling market is expected to be worth $20.6 billion. Between 2021 and 2026, the market is estimated to increase at a CAGR of 5.1 percent.
Read Our Books Here: Waste Management, Waste disposal and Recycling Industry
One of the primary factors driving the market’s progress is the rise of industrialization and urbanisation around the world. Another element driving growth is the growing use of metal scrap, particularly steel, in the manufacturing of more inexpensive, lightweight, and fuel-efficient vehicles.
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Market growth is further aided by increased consumer awareness of the environmental benefits of recycling materials and reduced reliance on natural resources. Automotive recyclers employ advanced technologies and processes to remove polymers, fluids, and natural components from used vehicles with little environmental impact.
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