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Best Business Ideas for you to Become Your Own Boss

Saturday, July 14, 2018

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The term self-employed usually refers to highly successful businessmen; and people are really intimidated to venture into self-employment because the common perception is that starting a business usually requires a lot of money in startup capital.

A successful self-employment is definitely a self-rewarding journey of anyone’s career. Additionally, it allows you to initiate a business by taking a minimum (financial) risk. Self-employment means a person works for himself or herself instead of working for an employer that pays a salary or a wage. A self-employed individual earns his income through conducting profitable operations from a trade or business that he operates directly.

Self-employment is the act of generating income directly from the customers without being an employee of a business. Self-employment is becoming popular in the world including in India and it has its own great advantages too.

 

Here is a list of few self-employment business opportunities:

Wood Polish

Wood polish is used to protect against abrasions and gives your furniture a shiny appearance. While polish evaporates more quickly than wood wax, it is much easier to apply.

The term wood coatings implies a wide range of products such as stains, varnishes, shellacs, and lacquers, which are commonly used in the domestic and industrial sectors. The significance of wood coatings is that they add depth and warmth to the appearance of the wooden structures. They can be applied in the form of surface coatings, natural finishes, pigmented finishes, penetrating finishes and wax polishes. Depending upon the applications, the usage of wood coatings also varies. The key applications of wood coatings include furniture, cabinets, and side and deck.

Demand for wood protection coatings and preservatives is expected to advance 4.5 percent per year through 2018 to $4.8 billion, as per a study “Solvents.” Growth in the ndustry will primarily be driven by a rebound in residential construction activity, which in turn benefits the major applications in which wood coatings and preservatives are used – namely furniture, decking and siding.

The expected demand for coatings is projected to rise 4.7 percent annually through 2018.  Maintenance end uses account for a slightly higher share of coatings demand, driven by the needs of the large existing base of wood items.  Even so, demand for new coatings in construction-related applications will be the primary impetus for accelerating demand gains through 2018.  Demand for wood preservatives is expected to increase 2.7 percent annually through 2018.  Gains will be supported by the rising production of pressure-treated lumber as construction activity rebounds.  Faster advances will be restrained by the maturity of a number of applications, such as railroad products and utility poles.  

Wax Floor Polish

Floor Wax provides deep nourishing protection for new and reclaimed interior wooden floors, giving them a traditional, soft, natural sheen, whilst protecting them against daily wear and tear. Quick drying, non-sticky and buffs easily to a sheen, Floor Wax is also suitable for use on cork floors. Floor wax is generally derived from carnauba wax, a wax that is extracted from the leaves of Brazilian palm trees. It makes perfect sense that a plant indigenous to an extremely hot and humid climate and demanding habitat would provide the most resilient waxes.

Floor Polish rejuvenates and lifts the sheen level of tired, worn floors and is ideal for use on commercial and domestic floors subject to high traffic. 

Car Polish

A car wax is a substance which is used primarily to protect the car’s finish and enhance its shine. It generally refers to products containing carnauba wax, which comes from a palm tree, however other natural waxes can also be mixed to enhance capabilities. It is rubbed on the care exteriors and is allowed to dry, creating a protective top layer for the car. Moreover, a car wax also helps in filling minute hair line scratches and enables a smoother surface. The global car wax market is expected to expand with an impressive CAGR over the forecast period.

Boot Polish or Shoe Polish

Boot polish (or Shoe polish) is a waxy paste, cream, or liquid used to polish, shine, and waterproof leather shoes or boots to extend the footwear's life, and restore, maintain and improve their appearance. Various substances have been used as shoe polish for hundreds of years, starting with natural substances such as wax and tallow. Today, shoe polish is usually made from a mix of natural and synthetic materials, including naphtha, turpentine, dyes, and gum arabic, using straightforward chemical engineering processes. Shoe polish is usually flammable, can be toxic, and, if misused, can stain skin. It should be used in a well-ventilated area with care taken to protect clothes, carpet and furniture.

Metal Polishing Soap

Metal Polishing Soap is mostly used for attaining mirror finishing in Stainless Steel items. Metal Polishing Soap can be used for final polishing in all Aluminium and Stainless steel products.

Features & Benefits:

•        Removes tarnishing, corrosion & contamination

•        Restores a high impact gleam to most metals

•        Use on exhaust tips, polished wheels, metal trim, etc.

•        Easy to use, requires very little 'elbow grease'!

•        Non-toxic, biodegradable formulation

•        Supplied with polishing sponge

Electropolishing of Steel

Electropolishing is a reverse plating procedure that entails the electrochemical removal of metal impurities (including carbon, silica, and free iron) from a stainless steel surface. The goal is a smooth surface, devoid of burrs or crevices that attract and trap contaminants. Most stainless steel types and forms, i.e. wrought or cast, can be successfully electropolished. Electropolishing of sulphurised free-machining grades, however, does not give a high standard of surface finish.

Abrasive Cake for Granite & Marble Polishing

Granite and Marble polishing stone is an essential item in the civil construction industries. It is made by using some chemical compounds mixed homogeneously and also with flux to it and then it is treated in the oven. The product is formed like stone according to use mould. Mostly used chemicals are available in our country, few of them require to import in our country. The basic technology is available in our country. The basic plant and machineries required for production of the stone is also available in India. The imported machineries can be used for the manufacturing of the stone also. Imported machineries are much more costly items. The market demand is gradually increased day by day. There may be scope of export marble polishing stone. There are few organized and private sectors, engaged in this production. There is good scope available in this production. Few entrepreneurs may enter into this business. It is used for floor polishing. It can be used for polishing of granite and marble.

Magnesite Bonded, Resin Bonded Polishing Brick & Resin Bonded Final Polishing Bricks for Marble and Granite

Granite and Marble polishing stone is an essential item in the civil construction industries. It is made by using some chemical compounds mixed homogeneously and also with flux to it and then it is treated in the oven. The product is formed like stone according to use mould. Mostly used chemicals are available in our country, few of them require to import in our country. The basic technology is available in our country. The basic plant and machineries required for production of the stone is also available in India. The imported machineries can be used for the manufacturing of the stone also. Imported machineries are much more costly items. The market demand is gradually increased day by day. There may be scope of export marble polishing stone. There are few organised and private sectors, engaged in this production. There is good scope available in this production. Few entrepreneurs may enter into this business.

There is rapid urbanisation in India by making European style construction. There is mostly now a day’s construction pattern increase 2-5% per annum. By keeping space with it. There is proportionately increase use of polished granite and marble stone for polishing granite marble. There is essentially need of granite stone polisher. There is use of granite stone polisher increase by 5-7% per annum. There is no fixed data available of used polishing stone per annum. Approximate used stone by valued will be as below.

Magnesite Resin Bond Polishing Bricks for Granite

Granite is the hardest compact structural stone, which is quarried & dressed into blocks of desired sizes and shapes, and in amenable to slicing & polishing. The use of granite & other decorative stones has been increasing world over. India is endowed with vast deposits of these natural resources. Granite is used for construction of different types of structures & sculptures, dwelling memorials, places of worship, statues, monuments, memorials, posh hotels, flower vases, name plates etc. It is also a costly material & is hardest among all structural stones & finds its use only after cutting & polishing.

Granite attains its usefulness & value only after cutting & polishing of the rough blocks in form of slabs, tiles, monuments etc. After receiving mirror like polish it displays beautiful patterns in various colours and shades enhancing elegance of the building in which it is used. It is also fireproof and as well as free from maintenance & pollutants.

Uses & Option in Bond System

•        High-grade magnesite bond for roughing.

•        Resin bond for final finishing

•        Resin bond for polishing

The resin bonding has the advantage of faster and better glass. Its benefits includes sharper and glossy floor.

 

HT & MV Industrial Cubicle Switch Boards

Electric switchboard is a device that directs electricity from one or more sources of supply to several smaller regions of usage. It is an assembly of one or more panels, each of which contains switches that allow electricity to be redirected. These switchboards are used for operating electrical circuits which efficiently hold control switches, indicators and many others.

 

Socks Knitting [EOU]

Socks are widely used hosiery items in India. Men, women, kids and even infants use socks for the protection purpose. Sometimes speciality socks are used by athletics and sportsman. Socks are also a protecting apparel in some industry operation for their workers. Generally, socks come with a wide variety of design, pattern, color and size. Socks of various types and designs can be produced by using cotton yarn, acrylic yarn, and polyester yarn, nylon yarn of different counts, quality and shades.

Socks are commodity products. However, in recent years with the advent of luxury socks and socks for specific application, socks have transformed from commodity items to fashion pieces. Owing to the transformation of this traditional item into a luxury product, the growth of the socks market outpaces the overall growth of the apparel industry. Almost 50% of the men use socks every day. Hence, the robust growth of the men's apparel industry is expected to be the major driver of the socks industry during the forecast period.

The global socks market was valued at US$42.07 bn in 2016 and it is expected to expand at a CAGR of 6.7% from 2017 to 2025. Although an integral part of the apparel industry, the socks market holds a negligible part in the market dynamics of the apparel industry. However, taking the market growth rate into consideration, the socks market is projected to experience robust growth during the forecast period in contrast to the apparel industry in general. The rising demand for socks is primarily driven by improving fashion trends and the growing retail sector.

Ferrite Magnets

Ferrite magnets or ceramic magnets are the most used magnets. The applications of ferrite magnets are very broad. Ferrite magnets exhibit high resistance to demagnetization, corrosion, and are electrically insulated. They are widely used in various industries due to their stability, tolerance against demagnetization, corrosion resistance, and low price per magnetic output.

Applications:

The range of applications is extremely broad. Because the material is ceramic, it does not rust and it can be used without coating in nearly all applications. Ferrite magnets can be found in applications such as:

·         Speakers

·         Microwave ovens

·         Magnetic filters

·         Pump drives

·         Measuring equipment

·         Toys

·         Reed switches

·         Motors and generators

The global ferrite magnets market is witnessing high growth on account of increasing applications especially in the automotive and consumer electronics. The global ferrite magnets market report estimates the market size of global ferrite magnets market both in terms of volume and revenue. The report provides a comprehensive review of major market drivers, challenges, and key issues. Global ferrite magnets market was valued at $3,907.38 million in 2013 and is expected to reach $5,959.48 million by 2019, at a CAGR of 8.4%. The Ferrite magnets are the low cost permanent magnets as compared to other magnets, and hence they are the most widely consumed permanent magnet materials in the world.

Paper from Rice Husk & Wheat Husk

Paper made from rice and wheat husk is widely used for manufacture of corrugated board. It is used for packing and wrapping and in the manufacture of gummed paper tap. It is also used in wrapping of magazines and journals. There are many end-uses for paper like paper and paper board, newsprint and chemical pulp (used in rayon etc).

Mango Papad (Aam Papad)

Aam papad is an Indian fruit leather made out of mango pulp mixed with concentrated sugar solution and sun dried. It is also known as Aamta (Assamese), amawat (Hindi), mamidi tandra (Telugu), aamsotto (Bengali) and amba vadi (Marathi). Traditional Aam Papad is sweet, although it is available in different varieties. It can be preserved for months making it popular in the off season of mangoes.

Aam papad or mango leather is a sweet sour, yellow, customary Indian snack made from the pulp of mango. The king of fruits is consumed in India in many ways and aam papad recipe is one of them. This sweet looks like a puff pastry with layers of flaky fruit leather. The pulp of mango is mixed with concentrated sugar and sun dried on trays to create layers. It tastes sweet and sour with a prominent mango flavor that lingers. This dish is preserved and it can be enjoyed long after the mango season is over.

 

Pickles, Murabbas, Sauces & Squashes

Pickle is form of a relish that is made up of either vegetables or fruits that is preserved in brine or vinegar. Pickles are made my immersing the fruits or vegetables in the brine or vinegar solution and stored for a period of time during which the ingredients goes through the pickling process and acquire the desired taste. Pickles are usually sweet or sour in taste and are often spicy. Pickles are prepared to preserve or expand the lifespan of a particular fruit, vegetable or a mix of both, by either anaerobic fermentation in brine or immersion in vinegar. This process typically affects the texture and flavour of the pickles which are then widely consumed with meals as taste enhancers. They are also consumed as toppings in sandwiches, hamburgers and hotdogs. Most pickles are also known for their health benefits as they improve digestion, supply essential minerals and vitamins, reduce ulcers and possess anti-oxidant properties. Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global pickles market reached a value of US$ 10 Billion in 2017.

Sauces have been an integral part in the global food culture. The growing urbanization, high disposable income, and increased interest in multi-cuisine culture are expected to drive the market for these products. Owing to the growing product innovations and product differentiation, the global market for sauces is expected to cross USD 38.8 billion by 2023 at a CAGR of 4.9%.

The rising demand for spices and ethnic food around the world and changing eating patterns with the adoption of multi-cuisine cooking have been the major driving forces for the market growth of sauces. The demand for different kinds of sauces across the Asia-Pacific region shows the diversified trend of the industry.

Squash is a concentrated syrup which is made up of fruit. Squash is generally non-alcoholic in nature as it is not fermented. Generally while manufacturing squash sugar is added, but now a days few company offers sugar free squash. In modern squash, food coloring and additional flavors are also added. In traditional squash some sort of herbal extract such as ginger extract and elderflower extract are also added to enhance the quality of the squash. Squash are also known as cordial. Squash are also used mixed with alcoholic drinks in order to make cocktails. Orange and lime base are the most commonly used squash in any social event. Squash has a large market share in the global market of fruit juices. Squash is very popular in Denmark, India, United Kingdom, Bangladesh, Argentina, Pakistan, Ireland, Indonesia, Israel, Norway, Sweden, South Africa, Cyprus, Kenya, Australia, China and New Zealand.

Squash Market size will witness potential growth owing to its use in food and beverage industry. Strong demand for ready to serve beverages and change in preference from alcoholic and carbonated beverages to healthy drinks will increase their consumption. Growth in demand for natural sweeteners without artificial colours has surged its demand. Squash contains natural ingredients that are rich in vitamins and healthy choice as compared to aerated drinks and anticipated to boost squash market.

 

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