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Are you thinking about starting your own business but worry that you don’t have much money?
Don’t be discouraged. With the right mindset and a good plan, you can make your business dreams come true, even with a small investment of under 5 lakhs.
It might not seem like a lot, but it’s enough to get your business off the ground and make it successful.
In this article, We’ve put together a helpful list of the Top 8 Best Small Business Ideas that you can start with an investment of under 5 lakhs. We want to help you find the perfect business idea that suits you best and makes your dreams a reality.
Now, you might be wondering why starting a business is better than just having a regular job. Well, let’s think about it: with a job, you know exactly how much you’ll earn, but it might not make you truly happy or fulfill your passions.
But having your own business lets you be creative, take charge of your life, and grow as much as you want. Plus, it can bring a lot of satisfaction and joy.
So, starting your own online business now is not only possible with a small investment, but it’s also a great way to build a better future for yourself and others. Let’s explore the exciting small business ideas together and see what suits you best!
Table of Contents
1. Home Baker Services
If you love baking and decorating, then welcome to the exciting realm of Home Baker Services. It’s a wonderful opportunity for those who enjoy creating delicious treats and making them look beautiful.
To start this sweet venture, you’ll need to invest in some important things like getting the required licenses, promoting your business online store front, organizing deliveries, buying baking equipment, packaging materials, and ingredients.
Don’t worry; you can set it all up with a budget of under 5 lakhs.
Whether you’ve learned baking on your own or have taken formal training, it’s a great idea to get a certification in baking.
If there are other home bakers in your area, you can check their prices and offer your own unique and scrumptious products at competitive rates.
Stand out by offering delightful treats that will make your customers happy and keep them coming back for more!
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Start-up Costs
Your main investments will be in ovens, decorating tools, racks, and refrigerators. And don’t forget about the ongoing expenses for buying groceries, renting a delivery system, and getting paper boxes and plates.
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Essential Equipment
To create mouthwatering delights, you’ll need some basic ingredients like eggs, sugar, milk, butter, flour, and fruits.
As for equipment, make sure you have reliable ovens, a refrigerator, freezer, racks, decorating tools, and the necessary paper plates and cake boxes.
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Your Reliable Team
While some home bakers work alone, having a small team of 1 or 2 people can be a big help. They can assist you in expanding your business, managing deliveries, and handling orders, making your baking journey even more enjoyable.
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Target Customers
Your main customers will be households in your local area who can’t resist the temptation of your delectable treats. You could even collaborate with bakeries to sell your homemade cakes and reach more people with your delightful creations.
Are you ready to dive into the world of Home Baker Services and create magic with your baking skills? Let the joy and sweetness of your treats brighten up people’s lives, one delicious bite at a time!
2. House Cleaning Services
In today’s busy world, everyone is short on time, leaving little room for house cleaning. But worry not. If you love keeping things spick and span and know how to get the job done right, then House Cleaning Service is just for you.
Gone are the days when cleaning was a chore for homeowners. Now, people prefer to outsource this task to save time and effort.
Embrace this opportunity to offer top-notch cleaning services to busy households, making their spaces shine bright like a diamond!
Before you start your profitable business ideas, check what certifications and training you need to begin your cleaning service in your area. Once you’re all set, get ready for an exciting journey with this small business idea that doesn’t require much investment.
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Start-up Costs
Starting a House Cleaning Service won’t cost you a fortune. With a budget under 5 lakhs, you can kickstart your venture. Your main investment will go into getting essential cleaning tools and finding a place to store them.
You’ll need to buy cleaning solutions and pay your helpers regularly, so keep those costs in mind. If you want to offer more services, you might need to invest a bit more.
Alternatively, you can rent cleaning equipment to save on upfront costs.
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Essential Equipment
Having the right tools is crucial for providing excellent cleaning services. Here’s what you’ll need to get started:
- Vacuum cleaner for dust-free surfaces.
- Mops and buckets for squeaky-clean floors.
- Disinfectant solutions for a germ-free environment.
- Face masks and rubber gloves for safety.
- Rags, towels, and more for wiping away dirt and grime.
- Glass cleaner for spotless windows and mirrors.
- Toilet cleaner for fresh and clean restrooms.
- Trash bags to keep things tidy.
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Your Reliable Team
Hiring a well-trained and skilled team is essential for your House Cleaning Service. Make sure they know how to handle different cleaning supplies and solutions. If needed, have a supervisor to oversee their work and ensure top-notch service.
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Target Customers
Your potential customers are numerous! Homeowners, renters, landlords – they all want a clean and tidy living space. With your dedication and exceptional results, you’ll become their go-to cleaning expert.
So, why wait? Let your cleaning skills shine. Your clients will thank you for making their homes spotless, and you’ll enjoy the satisfaction and success of running your own business!
3. Disposable Paper Plate and Cup Manufacturing
With growing concern for the environment, more and more people are choosing to use disposable paper plates and cups instead of single-use plastic items.
In places like India, the use of single-use plastic is even banned, making the demand for eco-friendly alternatives soar.
This is where the disposable paper plate and cup manufacturing business comes in, offering a fantastic opportunity for profit with a small investment.
Ready to take a step towards a greener future? Let’s get started! To set up your own disposable paper plate and cup manufacturing business, you’ll need a few important things.
First, make sure you have the necessary licenses, like GST Registration, Udyam Registration, and a No Objection Certificate from the Pollution Control Board. Once you have these, it’s time to roll up your sleeves and begin this eco-friendly journey.
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Start-up Costs
Starting this business doesn’t require a huge investment. Depending on how big you want to start, the initial costs may vary. You’ll need to spend money on machinery, particularly the paper plate and cup making machine.
Also, consider finding a suitable space of around 250–500 sq ft and hiring skilled workers to join your team. Keep in mind that you’ll have ongoing costs for electricity, water, and wages.
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Essential Equipment
To make your disposable plates and cups, you’ll need some essential materials like Kraft paper, sitting plates, and lamination sheets.
The heart of your operation will be the paper plate and cup machine, so make sure to choose one that fits your production needs.
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Your Reliable Team
To keep things running smoothly, you’ll need at least two skilled workers. They will handle the machinery, help with packaging, and take care of scheduling and deliveries.
So, are you ready to be a part of the green revolution? Start your eco-friendly journey today by creating disposable paper plates and cups that make a difference, one meal at a time!
4. Home-Cooked Tiffin Service
Everyone loves good food, and the demand for it never stops. If you have a passion for cooking and enjoy serving others, then starting a Home-made Food Tiffin Service could be the perfect business for you.
Many people nowadays live away from their homes due to work or studies, and they often crave fresh, home-cooked meals. That’s where you come in!
In today’s fast-paced world, folks not only want tasty food but also healthy and hygienic options. So, they are actively searching for trustworthy sources of good meals.
With the recent surge in food delivery businesses, especially during the Covid-19 pandemic, this venture has proven to be successful and in high demand.
The best part is, this is a low-budget business idea, making it accessible and perfect for aspiring women entrepreneurs. If you have a passion for cooking and serving food with love, this is your chance to shine!
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Start-up Costs
You don’t need a fortune to get this venture going. With just under 5 lakhs, you can set up your kitchen with all the necessary equipment, including cooking utensils, ovens, stoves, and racks.
The recurring costs will mainly be buying groceries and gas for cooking, along with funds for the delivery system and marketing.
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Quality Ingredients, Delightful Meals
The secret to your success lies in the quality of your raw materials. Be mindful of selecting the finest ingredients to create delightful dishes. Your menu will play a crucial role in determining the raw materials you’ll need.
From cooking oils to fresh vegetables and flour, ensure you have everything in stock to prepare a variety of scrumptious dishes as per your menu.
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Essential Equipment
To run your Home-made Food Tiffin Service efficiently, you’ll need some essential equipment, including:
- Tiffin boxes to pack the meals securely.
- Saucepans and ladles for preparing those lip-smacking curries.
- A pressure cooker for faster and efficient cooking.
- Mixing bowls to blend flavors and ingredients.
- A refrigerator and freezer to keep perishables fresh.
- A food processor and chopper for chopping and grinding.
- A flour kneader to make those soft and fluffy rotis.
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Your Reliable Team
You can’t do it all alone, so you’ll need the support of 2-3 well-trained culinary helpers. They’ll assist you with cooking, packing, and scheduling the delivery of tiffins.
If you prefer, you can outsource the delivery to a reliable service. Always prioritize hiring staff who are well-versed in food safety measures to maintain the highest quality standards.
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Who’s Your Hungry Audience?
Your delicious meals will attract a diverse range of customers, including students and professionals living away from home, working couples, offices with no canteen services, and even hospitals.
Your delectable tiffins will be a delightful solution for those with busy lives, bringing a taste of home-cooked comfort to their doorstep.
So, if you’re ready to embark on a culinary journey, delivering joy and flavor to people’s lives, start your Home-Cooked Tiffin Service today!
5. Soap Manufacturing
In a world where climate change and pollution are growing concerns, people are turning to natural and eco-friendly options.
Soap, being a biodegradable product, is gaining popularity among conscious consumers. If you’re looking for a profitable home business idea, consider soap manufacturing.
You can be a part of the thriving organic and homemade soap industry in India with just 5 lakhs.
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Start-up Costs
Soap Manufacturing is a trendy small business idea that doesn’t require a huge investment. To begin, you’ll need soap-making machinery, such as plodders, millers, sap stamping, and soap cutting machines.
You can set up your soap-making space at home if you have enough room, or you can rent a place. In addition to that, think about hiring workers, partnering with delivery services, and promoting your brand.
Your recurring expenses will include raw materials, electricity, water, wages for workers, and packaging materials.
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Essential Equipment & Raw Materials
To make your natural soap, you’ll need simple ingredients like mineral oils, essential oils, pigments, and other safe elements. These are the key to crafting soap that not only pleases your customers but also supports the environment.
The heart of your soap manufacturing lies in the soap-making machinery – the plodders, millers, sap stamping, and soap cutting machines.
These essential tools will help you create high-quality soaps with ease.
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Your Reliable Team
While you can manage this venture with just one helper, consider having at least one person to assist you in creating dream weddings.
Soap-making requires skilled hands to handle the equipment. Depending on the scale of your business, you may need to hire a team of at least five people for this small-scale soap manufacturing venture.
Your soap creations will not only leave your customers feeling refreshed but also contribute to a greener and cleaner world. Let’s shape a brighter and healthier tomorrow, one soap at a time!
6. Organic Food Shop
As more people focus on staying healthy, the demand for organic and wholesome food is soaring. This business idea is a fantastic opportunity to make money in India, a land blessed with abundant agricultural resources.
To begin, find a suitable shop space that’s easy for customers to visit and explore your organic treasures. Take a look at your competition and set fair prices for your products.
Stay informed about seasonal produce to offer the freshest options. And don’t forget about the necessary licenses and registrations to run your shop smoothly.
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Start-up Costs
For Indian entrepreneurs seeking low-cost business ideas, the Organic Food Shop is a great choice. Your main investment will be in renting the shop space.
As you keep serving your customers with the best organic products, you’ll have regular expenses like rent, supplier costs, water, electricity, and delivery charges.
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Your Reliable Team
To create a welcoming shopping experience, you’ll need a small team. Employ one or two friendly individuals who can help customers and take care of their needs.
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Target Customers
The demand for organic and healthy food is growing fast, and you’ll have a wide base of customers eager to embrace a nourishing lifestyle.
Your Organic Food Shop is more than just a profitable business idea; it’s a way to promote a healthier lifestyle and build a community passionate about well-being. Let’s thrive together on this delicious and nutritious adventure!
7. Personalised Gifts Business
In this online personalised gift business, you can create wonders and make people feel truly cherished.
The best part? You can start this fantastic venture from the comfort of your own home, even with a limited budget.
Personalised gifts are all about adding a personal touch to make someone feel extra special.
From custom photo frames to unique key chains, bracelets, engravings, paintings, and more – you can let your creativity run wild and craft gifts that are full of love and meaning.
To begin, invest in raw materials and supplies to bring your creative vision to life. You can create your masterpiece at home or find a cozy corner for your artwork.
To spread the word about your business, make a buzz in your local community. Reach out to wedding planners, event managers, and others who can bring you bulk orders and help your business flourish.
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Start-up Costs
With a budget of 5 lakhs, you can turn your personalised gifts best business ideas into a top-notch venture. Your main investments will be in art and stationery supplies, machinery if needed, and setting up your workspace.
To keep the magic going, consider the recurring costs for raw materials, stationery supplies, wages (if any), electricity, water, and other essentials.
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Essential Tools & Materials
Depending on your chosen art field, you may need various tools like paintbrushes, embroidery thread, paint, glass, fabric, and more.
These tools will be your artistic companions, helping you create delightful gifts that bring smiles to people’s faces.
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Your Reliable Team
Depending on the workload, you may decide whether to work solo or have a small team to assist you. Your heartfelt creations will touch the lives of many, no matter the size of your team.
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Target Customers
Your target market of potential customers are diverse and eager to find special treasures. Think of companies, wedding planners, and event managers seeking unique gifts.
Individuals celebrating occasions like Valentine’s Day, birthdays, anniversaries, and International Women’s Day will also be drawn to your personalised masterpieces.
Your personalized gifts business is all about spreading love and joy with every gift you create. Let’s make the world a brighter place, one personalized gift at a time!
8. Wedding Equipment Rental
Love is always in the air, and weddings are happening all year round! So, why not turn your passion for weddings into a successful business?
Welcome to the world of Wedding Equipment Rental – the perfect way to make money while creating magical weddings.
Starting this venture is simple! You just need a space to store the equipment that won’t be rented out. Choose the wedding equipment you want to offer, and you’re all set to bring wedding dreams to life.
From beautiful wedding attire for the bride and groom to stunning jewelry, tents, carpets, furniture, and chair covers – the possibilities are endless.
To stand out, check out your competition and set your prices accordingly. You can even offer special extra services to attract new clients and keep your existing ones happy.
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Start-up Costs
Your main investments will go into renting a suitable place to store your rental wedding equipment and acquiring the equipment itself.
As you grow your business, you’ll have regular costs like rent, electricity, water, worker wages, and cleaning supplies.
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Your Reliable Team
While you can manage this venture with just one helper, consider having at least one person to assist you in creating dream weddings.
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Target Customers
Your enchanting services will attract different customers. Event management teams, wedding planners, and families planning their own weddings will all turn to you for that touch of magic.
Remember that your wedding equipment rental hub will be the go-to destination for crafting unforgettable and cherished wedding experiences. Let’s make every wedding a fairytale!
Conclusion
Congratulations on reaching the end of our list of the best small businesses to start with 5 lakhs investment.
Starting a business may seem scary, but don’t worry if you don’t have a lot of money. With today’s technology and resources, it’s easier than ever to get started, even from home.
Remember, marketing is key to success—use social media to spread your message and attract customers with eye-catching logos and taglines.
Find your perfect business niche from our top 8 best small business ideas in India and turn your dreams into reality. Good luck on your exciting journey ahead!
