Top 10 Small Business Opportunities in Assam
Assam is known around the world for the cultivation of tea. Assam is one of the major producer states of crude oil and natural gas in India. The growing socio-economic condition mainly in urban areas of Assam has opened up plenty of business opportunities in Assam.
Apart from buying a franchise, you can also consider starting a small scale business of your own. The following small business ideas have the potential of making good returns if planned properly.
10 Small Scale Business Opportunities in Assam
Here is a list of best business opportunities and small business ideas in Assam
#1. Bakery or Cake Shop
The bakery is a traditional business in India. Currently, the bakery and cake shop model is getting huge popularity in the small towns and urban areas. Bakery products are perishable items. Additionally, producing delicious cakes is not everyone’s cup of tea.
However, you can easily start this business as a franchise partner of a reputed brand. Nowadays, you can find a lot of national and foreign brands that are offering bakery franchise opportunities in Assam. Some of the brands have a wide product range including biscuit, cookies, and non-veg snacks items.
#2. Coffee Shop
In the urban and city areas, the coffee shop is one of the most profitable business ideas in Assam. Over the past decade, the coffee shop industry is increasing rapidly in the cities and urban areas of Assam. Due to the huge expansion of the national and multinational brands, the coffee shop is an emerging sector these days.
#3. Computer Training Institute
Starting a computer training institute can be a profitable business in Assam. The only criteria are you have to be knowledgeable enough about computers and the internet.
In the current digital era, computer education is a basic need for every individual. Also, specialized courses have huge job potential. Some of the popular job oriented courses are animation, digital marketing, web designing, graphic designing, etc.
#4. Courier Service
Actually, courier service is an essential requirement in as such any state. Starting a courier company is a lucrative business opportunity in the business services segment. The business doesn’t require any inventory stock. Therefore, it requires a small startup investment.
And when you start as a franchise partner, you have the opportunity of using an organized system. You can find a lot of established brands that offer courier and cargo franchise opportunities in Assam.
#5. Kids Related Business
If you love spending time with children, you can consider opening a kids store business. Broadly, there are two ways you can opt for. One is opening a small store concentrating on a specific niche. For example, you can concentrate on kidswear, or toys, or school stationeries, etc. The other option is opening a full-scale kids store with a wide product range.
The success of the kid’s store business depends on the right inventory collection and promotion. If you are a beginner, it’s a better choice to start the business as a franchise partner of an established brand.
#6. Mobile Store
Due to the huge availability of budget smartphones and mid-range smartphones, the overall smartphone sale has increased significantly. In this scenario, opening a smartphone shop with accessories is a lucrative opportunity for new entrepreneurs.
Broadly, you can open the store in two ways. The first option is opening a store with a multi-brand availability and the other is opening a smartphone brand store. Some of the most popular brand store opportunities are Samsung, Xiaomi, Oppo, Vivo, etc.
#7. Momo Shop
Originally, momo is a north Indian food. Starting a momo business is a wonderful option for entrepreneurs who want to start a low-cost food business. Basically, momo is a Tibetian dish. However, it has a strong presence in the fast-food menus of Nepal, Darjeeling, Sikkim, Northeast, and North India.
Actually, momo comes in both the veg and non-veg options. Some of the most popular stuffing options are vegetables, paneer, mushroom, chicken, mutton, pork, etc. Preparing the perfect momo is not an easy task.
Additionally, you will need to pay attention to the shop interior, staff training, POS software, and promotion. And it’s really difficult to manage for a new entrepreneur.
#8. Petrol Pump or Fuel Station
The Assam-Arakan basin holds about a quarter of the country’s oil reserves and produces about 12% of its total petroleum. So, opening a petrol pump or fuel station is a lucrative opportunity here.
Generally, the oil companies decide the location for the dealership after studying feasibility. Selecting the location includes an expansion plan earmarking the reservation category for each location.
However, you can also apply independently for the petrol pump dealership to the relevant companies. Some of the most popular petroleum brands are HP, Indian Oil, Essar, Reliance Petroleum, etc.
Start a Preschool in your locality. Every parent nowadays wants to provide quality education to their kids. Love for kids and tutoring will always be a plus to be successful in this business. Opening a preschool or playschool is a fantastic business opportunity in the education sector.
However, the business requires strategic planning, promotion, and proper training. So, if you are a beginner in this area, you can consider opening a preschool business in your locality.
#10. Saree Shop
Assam silk sarees are very popular not only in India but also in foreign countries. The state’s craftsmen produce different types of handloom sarees both in the cotton and silk fabrics. Saree is one of the most popular ethnic wear in India. The women from every state wear saree on occasions, celebrations, and festivals. So, opening a saree store is a lucrative opportunity in Assam.