Best Business Ideas to Make Money. Profit-Making Projects for Entrepreneurs, Startups.

 

 

Do you want to start your own business? You may begin right now. Do not be deceived in your business or market field selection. Each company has its own set of benefits and disadvantages, as well as its own set of profitable business plans. It's about which firm you're passionate about and eager to dissect. Your capacity to set a goal is still very important. You must be sufficiently hopeful to put your skills to use and overcome the challenges that lie ahead. Let's also have a look at a few simple but successful business ideas that will undoubtedly pay off!

 

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Your entrepreneurial journey does not begin and end with a wonderful business idea. The best startup business concepts are crucial to your company's success. People nowadays are more interested in their hobbies than in their jobs. They are always on the lookout for the best new business ideas to feed their entrepreneurial spirit. They have no desire to retire at the age of 60. They want happiness index rather than a high wage and a life in a big city.

 

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Thousands of people nowadays wish to create their own business rather than work a traditional 9 to 5 job. The bulk of people would chase two or three carriers over their working lifetimes. Working for yourself is one of the most rewarding experiences you can have. While owning a business might be difficult, it can also be satisfying because the effort you put in rewards you personally rather than anybody else.

 

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Best Innovative Business Ideas:

 

 

1.   Emerging Production Business of Tomato Ketchup & Mayonnaise

 

Ketchup is a condiment used on the table. Although previous recipes included egg whites, mushrooms, oysters, grapes, mussels, or walnuts, the unaltered name ("ketchup") now mainly refers to tomato ketchup. Tomato ketchup is a sweet and tangy sauce made using tomatoes, sugar, vinegar, and seasonings. Onions, allspice, coriander, cloves, cumin, garlic, and mustard are popular spices and tastes, with celery, cinnamon, and ginger added occasionally. Tomato ketchup is most commonly served with hot, fried, or greasy foods, such as French fries and other potatoes, hamburgers, hot dogs, chicken tenders, tater tots, hot sandwiches, meat pies, boiled eggs, and grilled or fried meat. Ketchup is occasionally used as a base for, or as one of the ingredients in, other sauces and dressings, and the flavour can also be duplicated as an additional flavouring for snacks like potato chips.

 

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Mayonnaise, or mayonnaise, is a thick cold sauce or dressing that is often used in sandwiches, hamburgers, salads, and on French fries. Many other sauces, such as tartar sauce, fry sauce, remoulade, salsa golf, and rouille, are made using it. Mayonnaise is an emulsion of oil, egg yolk, and an acid, such as vinegar or lemon juice; it comes in a variety of flavours. The texture ranges from a light cream to a thick gel, and the hue ranges from near-white to pale yellow. Vegans, vegetarians, and others who avoid chicken eggs or dietary cholesterol, as well as persons with egg allergies, can buy commercial imitations.

 

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In 2020, the worldwide tomato ketchup market will be worth US$ 19.70 billion. The market is expected to develop at a CAGR of 4.70 percent between 2021 and 2026. In 2020, the worldwide mayonnaise market will be worth US$ 10.67 billion. The market is expected to reach a value of US$ 13.27 billion by 2026.

 

2.   Startup Manufacturing Business Idea of HDPE Pipes

 

HDPE pipe is a flexible plastic pipe that is used to transport fluids and gases. It is frequently utilised to replace ageing concrete or steel mains pipes. HDPE (high-density polyethylene) is a thermoplastic with a high level of impermeability and a strong molecular bond, making it ideal for high-pressure pipelines. Water mains, gas mains, sewer mains, slurry transfer lines, rural irrigation, fire system supply lines, electrical and communications conduit, and storm water and drainage pipes are all applications for HDPE pipe.

 

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Butt welding, electrofusion welding, socket welding, and extrusion welding are all options for joining HDPE pipe. These joints heat the pipe during the joining process, resulting in a perfectly homogeneous union where the weld is as strong as, if not stronger than, the existing pipe on either side. There is no need for rubber seals or jointing chemicals like those used to join PVC pipe, which are harmful to the environment and increase the likelihood of failure over time. PE is less prone to root penetration and maintains the integrity of the pipeline even when installed in unstable soils.

 

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After rising at a CAGR of 4.5 percent from 2020 to 2025, the market for high density polyethylene pipes is expected to reach $ 20,460.4 million by 2025. Due to its ability to survive rigorous service conditions such as high corrosion resistivity and zero reactive characteristics, as well as long service periods, high density polyethylene (HDPE) pipes are mostly employed in the oil and gas industries. As a result, as crude oil output rises, the need for HDPE pipes is likely to rise as well. High-density polyethylene pipe can meet and withstand a variety of obstacles, and it offers a number of proven benefits for mining and industrial applications, including abrasion resistance, chemical resistance, surge resistance, and cost savings.

 

3.   Opportunities in Bamboo Industry. Profitable business of Bamboo Sticks

 

Bamboo is a long-lived grass with woody stems that covers 1–3% of all tropical and subtropical environments. Bamboo has a wide range of applications, including flooring, roofing, and scaffolding, as well as furniture, food, biofuel, fabrics, cloth, paper, pulp, charcoal, ornamental garden planting, and environmental benefits such as being a large carbon sink and a good phytoremediation option, as well as improving soil structure and reducing soil erosion.

 

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Bamboo grows at the fastest rate of any tropical plant. The worldwide bamboo market is predicted to increase significantly in the near future due to the growing demand for environmentally friendly green products. The use of bamboo woods as a low-cost construction material, on the other hand, encourages countries to use bamboo in the development of towns and villages, which can help the global bamboo trade grow.

 

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The global bamboos market was estimated at USD 68.8 billion in 2018, with a CAGR of 5.0 percent predicted from 2019 to 2025. Over the projected period, the market is likely to rise due to rising infrastructure investments, increased usage of sustainable building/construction resources, and increased consumer awareness of the uses and benefits of bamboos. Bamboo and rattan have a number of environmental, economic, and social advantages. Bamboo is a renewable resource that can thrive in a variety of climates, but prefers tropical climates. When compared to trees, it produces 35 percent more oxygen and absorbs 40 percent more carbon dioxide, resulting in a significant improvement in air quality. Bamboo cultivation also helps to fix carbon, manage soil erosion, and purify the environment.

 

4.   Rising Opportunities in Business of Chlorinated Paraffin Wax (CPW)

 

Chlorination of straight-chained paraffin wax fractions produces chlorinated paraffin waxes (CPWs). The carbon chain length of commercial chlorinated paraffin wax is typically between 10 and 30 carbon atoms, with a chlorine content of 40 to 70% by weight. Except for those with a long carbon chain length and a high chlorine concentration (70 percent), which are solid, chlorinated paraffin waxes are viscous colourless or yellowish thick oils with low vapor pressures.

 

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Water, lower alcohols, glycerol, and glycols are nearly insoluble in chlorinated paraffin waxes, although they are soluble in chlorinated solvents, aromatic hydrocarbons, ketones, esters, ethers, mineral oils, and some cutting oils. In unchlorinated aliphatic hydrocarbons, they are moderately soluble. Because of the various possible places for the chlorine atoms, chlorinated paraffin wax is made up of exceedingly complicated combinations.

 

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In 2020, the global chlorinated paraffin wax market was estimated to be worth roughly USD 1.97 million. Over the projected period of 2021-2026, the market is expected to reach a value of USD 2.428 million, representing a CAGR of 3.6 percent. In the production of polyvinyl chloride, chlorinated paraffin is employed as a secondary plasticiser (PVC). In the near future, it is expected to partially replace common plasticisers like phthalates and phosphate esters. The chlorinated paraffin wax sector is expected to benefit from the expanding use of PVC around the world.

 

5.   Production Business Ideas of Menthol Crystal from Mentha Oil

 

Menthol Crystals are derived from the Mentha Arvensis Botanica, also known as Mint, Corn Mint, Wild Mint, and Japanese Mint. Menthol Crystals have a waxy substance and are a solid component of Mint Oil. Mint Essential Oil is extracted from the Mint leaf by a distillation method. After that, the Mint Essential Oil is frozen at -22 degrees Celsius. The freezing procedure causes the Essential Oil to crystallise, resulting in Menthol Crystals.

 

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Mentha Oil is a transparent liquid that is colourless or pale yellow in hue. It has a distinctive, pleasing aroma and a strong flavour with a cold aftertaste. It is nearly water insoluble. Mentha oil is one of the most important essential oils, and it is distilled from the shrub Mentha arvensis. It's a common ingredient in food and flavourings. Natural menthol, in addition to being a popular taste factor in food and confectionery, has a cooling and soothing effect on the skin and mucous membranes of the human body, making it a useful ingredient in pharmaceuticals and cosmetics.

 

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Over the last several years, the global menthol crystal market has been growing at a faster rate, with significant growth rates, and it is predicted to rise significantly between 2020 and 2027. The Global "Menthol Crystal Market" the influence of a wide range of factors on market drivers and progress from the inside out. Menthol crystals are generally obtained from natural sources, and as a result, their popularity is growing in both developed and developing countries. Because the cosmetics industry is so tightly controlled, natural-based raw materials are in high demand. This is expected to drive the menthol crystals market in the coming years. Menthol crystals are natural products, and obtaining sufficient output from their sources is a major challenge.

 

 

 

 

ABOUT NPCS

 

NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reliable name in the industrial world for offering integrated technical consultancy services. NPCS is manned by engineers, planners, specialists, financial experts, economic analysts and design specialists with extensive experience in the related industries.

Our various services are: Detailed Project Report,  Business Plan for Manufacturing Plant, Start-up Ideas, Business Ideas for Entrepreneurs, Start up Business Opportunities, entrepreneurship projects, Successful Business Plan, Industry Trends, Market Research, Manufacturing Process, Machinery, Raw Materials, project report, Cost and Revenue, Pre-feasibility study for Profitable Manufacturing Business, Project Identification, Project Feasibility and Market Study, Identification of Profitable Industrial Project Opportunities, Business Opportunities, Investment Opportunities for Most Profitable Business in India, Manufacturing Business Ideas, Preparation of Project Profile, Pre-Investment and Pre-Feasibility Study, Market Research Study, Preparation of Techno-Economic Feasibility Report, Identification and Section of Plant, Process, Equipment, General Guidance, Startup Help, Technical and Commercial Counseling for setting up new industrial project and Most Profitable Small Scale Business.

NPCS also publishes varies process technology, technical, reference, self employment and startup books, directory, business and industry database, bankable detailed project report, market research report on various industries, small scale industry and profit making business. Besides being used by manufacturers, industrialists and entrepreneurs, our publications are also used by professionals including project engineers, information services bureau, consultants and project consultancy firms as one of the input in their research.

Our Detailed Project report aims at providing all the critical data required by any entrepreneur vying to venture into Project. While expanding a current business or while venturing into new business, entrepreneurs are often faced with the dilemma of zeroing in on a suitable product/line.

 


And before diversifying/venturing into any product, wish to study the following aspects of the identified product:


• Good Present/Future Demand
• Export-Import Market Potential
• Raw Material & Manpower Availability
• Project Costs and Payback Period


We at NPCS, through our reliable expertise in the project consultancy and market research field, Provides exhaustive information about the project, which satisfies all the above mentioned requirements and has high growth potential in the markets. And through our report we aim to help you make sound and informed business decision.

 

The report contains all the data which will help an entrepreneur find answers to questions like:

• Why I should invest in this project?
• What will drive the growth of the product?
• What are the costs involved?
• What will be the market potential?


The report first focuses on enhancing the basic knowledge of the entrepreneur about the main product, by elucidating details like product definition, its uses and applications, industry segmentation as well as an overall overview of the industry sector in India. The report then helps an entrepreneur identify the target customer group of its product. It further helps in making sound investment decision by listing and then elaborating on factors that will contribute to the growth of product consumption in India and also talks about the foreign trade of the product along with the list of top importing and top exporting countries. Report includes graphical representation and forecasts of key data discussed in the above mentioned segment. It further explicates the growth potential of the product.

The report includes other market data like key players in the Industry segment along with their contact information and recent developments. It includes crucial information like raw material requirements, list of machinery and manufacturing process for the plant. Core project financials like plant capacity, costs involved in setting up of project, working capital requirements, projected revenue and profit are further listed in the report.


Reasons for buying the report:

• This report helps you to identify a profitable project for investing or diversifying into by throwing light to crucial areas like industry size, demand of the product and reasons for investing in the product.

• This report provides vital information on the product like its definition, characteristics and segmentation.

• This report helps you market and place the product correctly by identifying the target customer group of the product.

• This report helps you understand the viability of the project by disclosing details like raw materials required, manufacturing process, project costs and snapshot of other project financials.

• The report provides forecasts of key parameters which helps to anticipate the industry performance and make sound business decision.

 

Our Approach:


• Our research reports broadly cover Indian markets, present analysis, outlook and forecast.

• The market forecasts are developed on the basis of secondary research and are cross-validated through interactions with the industry players. 

• We use reliable sources of information and databases.  And information from such sources is processed by us and included in the report.

 

Our Market Survey cum Detailed Techno Economic Feasibility Report Contains following information:

 

 

Ø  Introduction

·         Project Introduction

·         Project Objective and Strategy

·         Concise History of the Product

·         Properties

·         BIS (Bureau of Indian Standards) Provision & Specification

·         Uses & Applications

 

Ø  Market Study and Assessment

·         Current Indian Market Scenario

·         Present Market Demand and Supply

·         Estimated Future Market Demand and Forecast

·         Statistics of Import & Export

·         Names & Addresses of Existing Units (Present Players)

·         Market Opportunity

 

Ø  Raw Material

·         List of Raw Materials

·         Properties of Raw Materials

·         Prescribed Quality of Raw Materials

·         List of Suppliers and Manufacturers

 

Ø  Personnel (Manpower) Requirements

·         Requirement of Staff & Labor (Skilled and Unskilled) Managerial, Technical, Office Staff and Marketing Personnel

 

Ø  Plant and Machinery

·         List of Plant & Machinery

·         Miscellaneous Items

·         Appliances & Equipments

·         Laboratory Equipments & Accessories

·         Electrification

·         Electric Load & Water

·         Maintenance Cost

·         Sources of Plant & Machinery (Suppliers and Manufacturers)

 

Ø  Manufacturing Process and Formulations

·         Detailed Process of Manufacture with Formulation

·         Packaging Required

·         Process Flow Sheet Diagram

 

Ø  Infrastructure and Utilities

·         Project Location

·         Requirement of Land Area

·         Rates of the Land

·         Built Up Area

·         Construction Schedule

·         Plant Layout and Requirement of Utilities

 

Project at a Glance

Along with financial details as under:

 

  •     Assumptions for Profitability workings

  •    Plant Economics

  •    Production Schedule

  •    Land & Building

            Factory Land & Building

            Site Development Expenses

  •    Plant & Machinery

             Indigenous Machineries

            Other Machineries (Miscellaneous, Laboratory etc.)

  •    Other Fixed Assets

            Furniture & Fixtures

            Pre-operative and Preliminary Expenses

            Technical Knowhow

            Provision of Contingencies

  •   Working Capital Requirement Per Month

             Raw Material

            Packing Material

            Lab & ETP Chemical Cost

           Consumable Store

  •   Overheads Required Per Month And Per Annum

         Utilities & Overheads (Power, Water and Fuel Expenses etc.)

             Royalty and Other Charges

            Selling and Distribution Expenses

  •    Salary and Wages

  •    Turnover Per Annum

  •   Share Capital

            Equity Capital

            Preference Share Capital

 

  •    Annexure 1:: Cost of Project and Means of Finance

  •    Annexure 2::  Profitability and Net Cash Accruals

                Revenue/Income/Realisation

                Expenses/Cost of Products/Services/Items

                Gross Profit

                Financial Charges     

                Total Cost of Sales

                Net Profit After Taxes

                Net Cash Accruals

  •   Annexure 3 :: Assessment of Working Capital requirements

                Current Assets

                Gross Working. Capital

                Current Liabilities

                Net Working Capital

                Working Note for Calculation of Work-in-process

  •    Annexure 4 :: Sources and Disposition of Funds

  •    Annexure 5 :: Projected Balance Sheets

                ROI (Average of Fixed Assets)

                RONW (Average of Share Capital)

                ROI (Average of Total Assets)

  •    Annexure 6 :: Profitability ratios

                D.S.C.R

                Earnings Per Share (EPS)

               

             Debt Equity Ratio

        Annexure 7   :: Break-Even Analysis

                Variable Cost & Expenses

                Semi-Var./Semi-Fixed Exp.

                Profit Volume Ratio (PVR)

                Fixed Expenses / Cost 

                B.E.P

  •   Annexure 8 to 11:: Sensitivity Analysis-Price/Volume

            Resultant N.P.B.T

            Resultant D.S.C.R

   Resultant PV Ratio

   Resultant DER

  Resultant ROI

          Resultant BEP

  •    Annexure 12 :: Shareholding Pattern and Stake Status

        Equity Capital

        Preference Share Capital

  •   Annexure 13 :: Quantitative Details-Output/Sales/Stocks

        Determined Capacity P.A of Products/Services

        Achievable Efficiency/Yield % of Products/Services/Items 

        Net Usable Load/Capacity of Products/Services/Items   

       Expected Sales/ Revenue/ Income of Products/ Services/ Items   

  •    Annexure 14 :: Product wise domestic Sales Realisation

  •    Annexure 15 :: Total Raw Material Cost

  •    Annexure 16 :: Raw Material Cost per unit

  •    Annexure 17 :: Total Lab & ETP Chemical Cost

  •    Annexure 18  :: Consumables, Store etc.,

  •    Annexure 19  :: Packing Material Cost

  •    Annexure 20  :: Packing Material Cost Per Unit

  •    Annexure 21 :: Employees Expenses

  •    Annexure 22 :: Fuel Expenses

  •    Annexure 23 :: Power/Electricity Expenses

  •    Annexure 24 :: Royalty & Other Charges

  •    Annexure 25 :: Repairs & Maintenance Exp.

  •    Annexure 26 :: Other Mfg. Expenses

  •    Annexure 27 :: Administration Expenses

  •    Annexure 28 :: Selling Expenses

  •    Annexure 29 :: Depreciation Charges – as per Books (Total)

  •   Annexure 30   :: Depreciation Charges – as per Books (P & M)

  •   Annexure 31   :: Depreciation Charges - As per IT Act WDV (Total)

  •   Annexure 32   :: Depreciation Charges - As per IT Act WDV (P & M)

  •   Annexure 33   :: Interest and Repayment - Term Loans

  •   Annexure 34   :: Tax on Profits

  •   Annexure 35   ::Projected Pay-Back Period And IRR