What simple business can a former trader start

[Steve_1982]

I've been trading markets since March 2011 and decided to stop (my old username on Traderji was Klewtar.)

What simple business can I get into now?

Which is a better idea: Stationery shop or toy/gift shop?

 

[Smart_trade]

I've been trading markets since March 2011 and decided to stop (my old username on Traderji was Klewtar.)

What simple business can I get into now?

Which is a better idea: Stationery shop or toy/gift shop?

Neither of them is a good idea. You select a business based on the following so that there is always good demand and never a recession .

1) Food Business : Start a catering service, or a special items like cakes,pastries,chocolates. Or serve breakfast to office goers, hospitals,school children etc

2) Health Business : Pharmacy shop, a medical tourism where a patient gets best medical help/surgery done in other countries,pathology laboratory.

3) Tourism Service : Cater to specialised segment. Like senior citizen, company executives, school children. One of my friends has started a NASA tour for school children and all parents want their kids to be future scientists and hence NASA tours have waiting lists.

4) Religion and Pilgrimage : Have a private temple, church,become a saint,baba .

The above lines are recessionproof lines and there is always demand there.

Best wishes for new business.

Smart_trade

 

[AFORASTRO]

I've been trading markets since March 2011 and decided to stop (my old username on Traderji was Klewtar.)

What simple business can I get into now?

Which is a better idea: Stationery shop or toy/gift shop?

sir are you serious...........if yes then go for food business some healthy kind or may be juice shop

 

[stock72]

:rofl::rofl::thumb::thumb:

great ST ...

NOT even recession proof .. in fact during recession we can see increase in business ..:rofl:

Neither of them is a good idea. You select a business based on the following so that there is always good demand and never a recession .

1) Food Business : Start a catering service, or a special items like cakes,pastries,chocolates. Or serve breakfast to office goers, hospitals,school children etc

2) Health Business : Pharmacy shop, a medical tourism where a patient gets best medical help/surgery done in other countries,pathology laboratory.

3) Tourism Service : Cater to specialised segment. Like senior citizen, company executives, school children. One of my friends has started a NASA tour for school children and all parents want their kids to be future scientists and hence NASA tours have waiting lists.

4) Religion and Pilgrimage : Have a private temple, church,become a saint,baba .

The above lines are recessionproof lines and there is always demand there.

Best wishes for new business.

Smart_trade

 

[ananths]

Neither of them is a good idea. You select a business based on the following so that there is always good demand and never a recession .

1) Food Business : Start a catering service, or a special items like cakes,pastries,chocolates. Or serve breakfast to office goers, hospitals,school children etc

2) Health Business : Pharmacy shop, a medical tourism where a patient gets best medical help/surgery done in other countries,pathology laboratory.

3) Tourism Service : Cater to specialised segment. Like senior citizen, company executives, school children. One of my friends has started a NASA tour for school children and all parents want their kids to be future scientists and hence NASA tours have waiting lists.

4) Religion and Pilgrimage : Have a private temple, church,become a saint,baba .

The above lines are recessionproof lines and there is always demand there.

Best wishes for new business.

Smart_trade

Hi ST,

I think you missed another business in this list...Play school. There are so many franchisee options available and seems very profitable by looking at the number of them opened recently.

 

[AFORASTRO]

4) Religion and Pilgrimage : Have a private temple, church,become a saint,baba .

sirji this one is really awesome until any mishap happens...:clap::clap:

 

[Smart_trade]

If we consider any other business with its pros and cons and compare with trading we come to the conclusion that trading business is better. I have compared many businesses with trading and every time came to conclusion that trading is a better business.

Smart_trade

 

[Smart_trade]

Hi ST,

I think you missed another business in this list...Play school. There are so many franchisee options available and seems very profitable by looking at the number of them opened recently.

Yes I missed education which is a big business.

ST

 

[Steve_1982]

I already lost 3 Lakhs trading commodities over 3 years. I wish I had your trading skills ST but I don't.

Maybe it is time to lose money in a brick and mortar business.

The playschool idea is interesting and almost basic. I was recently introduced to a website called Fledglings.com that has an app for playschool owners.

 

[Mr.G]

Yes I missed education which is a big business.

ST

A fundamental analyst would be quick to tell you a list of businesses that you can open.

Open engine oil factory. Cost is 30-40lakh and margin is 15%+ (depending on how you do business and who supplies you)

Or paan masala factory, cost is 1cr and margin is 66%+