What business can you start with 500000?

What profitable business can I do with 500k?

This article will guide you on some lucrative business ideas that you can start with 500k in Nigeria.

  • POS Business.
  • Mini Importation Business.
  • Egg Supply Business.
  • Real Estate.
  • Photography.
  • Cooking Gas Business.
  • Dropshipping Business.
  • Dry Cleaning Business.

What business can I start with 5 lakhs?

20 ventures you can start with Rs 5 lakh!

Business Skills needed Amount you need to start (Rs)
Food delivery Marketing and sales 15,000
Uniform making Man management 20,000
Property management Marketing and sales 50,000
Telecom Business Consultantcy Networking 50,000

Which business is best for millionaire?

Here we will talk about 10 business ideas that you can choose from to start your journey to become a multi-millionaire.

  1. Create an Affiliate Website. …
  2. Launch an Insurance Company. …
  3. Start a Business Consultancy Service. …
  4. Develop an Eco-Friendly Business. …
  5. Launch a Digital Marketing Agency. …
  6. Start a Highly-Rated Legal Service.

What small business can make you a millionaire?

25 Businesses That Will Make You a Millionaire in 5 Years

  • Financial Services. …
  • Eldercare. …
  • Business Consultancy. …
  • Investment Firm. …
  • Education and Training Service. …
  • Insurtech. …
  • Cleaning Business. …
  • Healthcare Consultancy.
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Is POS profitable?

The POS business in Nigeria has become a very lucrative business option for many SMEs in Nigeria. Not only is the POS business in Nigeria profitable, but it is also not capital intensive.

What businesses make millions?

9 best million-dollar business ideas

  1. B2B products and services. …
  2. Online education. …
  3. Wellness offerings. …
  4. Food delivery services. …
  5. Wedding services and products. …
  6. Dropshipping business. …
  7. Food truck. …
  8. Subscription model business.

What business can I start with 20 lakhs?

Here are some of the small profitable business ideas that can be set up as a franchise business under 20 lakh in India.

  • H2O Sports Franchise.
  • GoalSquad Sports Shop Franchise.
  • Playmart Sports shop.
  • Yoova Mart Sports shop.
  • Retail Franchise.

How can I make 5 lakhs in a year?

, earning 5 lakh rupees in a year means that you have to earn around 41,666 rupees every month. That is, if you work by taking leave one day in a week, then you will have to earn around Rs 1,666 daily.

What business can make me a millionaire in 1 year?

10 Businesses You Should Invest in to Become a Millionaire

  • Start an Insurance Company. …
  • Build a Highly Profitable Affiliate Website. …
  • Start a Custom Academic Assignment Service. …
  • Start a Business Consultancy Brand. …
  • Develop a Digital Product. …
  • Develop an Eco-Friendly Business. …
  • Start a High-Rate Legal Service.

How can I be a millionaire in 5 years?

Here are Steps to Become a Millionaire in 5 Years, understand and follow it for a better future.

  1. Develop a perfect financial plan.
  2. Be Brave and Take risks.
  3. Overcome excuses, improve the Confidence.
  4. Earn a lot of money.
  5. Save money from your earning.
  6. Invest the money wisely.
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What services are in high demand?

What Are the Most In-Demand Business Services?

  1. Accounting and tax advice. The Bureau of Labor Statistics projects that demand for accounting is going to grow at a rate of 11 percent, faster than average, through 2024. …
  2. Consulting. …
  3. Legal. …
  4. Marketing. …
  5. Web and app design. …
  6. Recruiting. …
  7. Writing and translating.

What is the hottest business to start?

15 Hot New Small Business Ideas to Start in 2021

  • #1. Online Publisher.
  • #2. Content Agency.
  • #3. Digital Marketing Firm.
  • #4. Bookkeeping.
  • #5. E-Commerce Company.
  • #6. Web Design.
  • #7. Sell Hand-Crafted Items on Etsy.
  • #8. Flip Items for a Profit.

What are the most successful small businesses?

Most profitable small businesses

  1. Auto repair. Taking a car to the shop for even simple repairs can be a challenge. …
  2. Food trucks. …
  3. Car wash services. …
  4. Electronics repair. …
  5. IT support. …
  6. Personal trainers. …
  7. Newborn and post-pregnancy services. …
  8. Enrichment activities for children.

Is starting a business the only way to get rich?

The vast majority of rich people are entrepreneurs.

There’s a very limited amount of jobs that can get you rich, but everyone can start a business. Not many businesses succeed, but in capitalism owning an equity of successful companies is what creates and drives wealth.