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Business Ideas
10 Most Successful Business Ideas

10 Most Successful Business Ideas

Raviraj Parekh June 5, 2020

Successful Business Ideas

I have one friend who started new business few months back, He failed in business and made losses. This is really disappointing. Today we see many business turns in to disaster may be due to lack of knowledge, plan or wrong idea selection. Many factors make business successful but one of them is right business idea.

Before starting any business we have fear in our mind that Can I make money in this business? Will my business see success? We are herewith answer of your question check out Top 10 most successful business ideas. I am sure that if you execute this business ideas correctly you will see massive success.

10 Most successful business ideas

(1)   Restaurant

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Restaurant business is one of the most successful business ideas. Healthy & tasty food is need for everyone. If you are passionate about food and ready to serve healthy and yummy food you can start this business.

Theme based restaurant e.g Jungle based theme, Kathiyawadi theme is more popular today if you have additional capital you can think of making theme based restaurant.

Why Restaurant business is successful business idea?

Due to busy lifestyle, people don’t find time to cook food at home & we even see many people prefer eating in restaurant frequently. This is the reason why restaurant business is most successful business idea today.

(2)   Recruitment Firm

Starting recruitment firm is really good business idea. Recruitment firm does not require huge investment. You just need small office space and few contact to start with.

Why Recruitment Firm business is successful business idea?

Unemployment ratio is increasing and recruitment firm is in huge demand. Every student & professional requires good job and every company require good productive candidate. To get good job and good candidate they are ready to take paid/commission base services from recruitment firm.

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Also Read – 10 innovative startup ideas

(3)   Custom make Gift Store

Gift store of customize gift is another good business idea to start with. This idea is low investment business idea as you don’t need even office space you can start this business from your home.

Why Custom make Gift store business is successful business idea?

We have trend to give gift on every occasion & festival. Gone are days where people use to give card or traditional gift, today’s trend is to give customized gift as it attracts more attention thus we feel custom make gift store can be good business idea.

(4)   Wedding Planning & Catering

If you are creative in nature and able to manage multiple tasks at same time you can plan to enter in wedding planning & catering business. This is quite challenging business as it requires skill and management ability.

Why Wedding Planning & Catering business is successful business idea?

Marriage is one in lifetime opportunity and people are ready to spend lot of money to make this event successful and memorable. With your skill and ability you can touch sky in this business.

(5)   Education /  Coaching class

Education or coaching class is indeed good business idea. You need small space and skill to start this business.

Why Education/Coaching class business is successful business idea?

Today level of education has become high and every parent wants his/her child to stand first. They prefer to place child in to good coaching class thus we see multiple successful coaching classes today.

Also Read – 5 Innovative online business ideas

(6)   Namkeens and Nasta Shop

You may find this business idea slight odd but believe me this is really good business idea. You just need small shop and good nasta maker team that’s it you can earn huge money.

Why Namkeen shop business is successful business idea?

Today we find many working woman & they find very less time at home. Instead of making nasta at home they prefer to bring readymade nasta . If you are very good as namkeen/nasta maker you can easily make good amount of profit.

(7)   Tour / Travel Planner

Tour or travel planner is another great business idea. This business requires good geographical knowledge and lot of contacts. In order to get sure success you can even tie up with online website like yatra.com etc.

Why Tour / Travel Planner business is successful business idea?

According to recent survey Indian goes on maximum business trip every year. Not only that during every vacation (Diwali, Summer, Christmas etc) people prefer to enjoy holiday by visiting distinct places and hill stations. Thus we see huge potential in tour & travel planner business.

(8)    Smartphone sale and repair

Smartphone sale and repair is good business idea. In order to start smatphone sale and repair business you need skill and capital.

Why Smartphone sale and repair business is successful business idea?

Mobile phone business is growing in exponentially.  Every common man today prefer smart phone. This increasing smartphone usage offers good business opportunity for sale and repair of smartphones.

Also Read – 120 Best Business Ideas that you can start in 2020

(9)   Event Management

Event Management companies are the perfect small business idea for anyone interested in helping other companies and individuals to plan and manage big events. This business requires planning and management ability.

Why Event Management business is successful business idea?

There’s definitely a need in the industry for event management as companies constantly host events to market products & services. In order to make this event successful they often take services from professional event management companies.

(10) Consultancy and Contracting

Last but not least consultancy and contracting is very good and successful business idea. This business requires expertise & domain knowledge.  This business requires very less business capital.

Why Consultancy and Contracting business is successful business idea?

There’s a growing need for consultants & contractor in all fields including engineering, marketing, and scientific industries. Big companies are even ready to offer very lucrative payment for good consultants and contractors.

All ideas mentioned above are proven & most successful business ideas. Please share your views & business ideas in comment section given below.

If you enjoy reading this article, do share with your friends and colleagues on facebook and twitter.

Successful Business Ideas

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Tags:best business ideas business business ideas most successful business ideas Successful Business successful business ideas

About The Author

Raviraj Parekh

Raviraj is the man behind moneyexcel.com. He is PGDBA, engaged in blogging for 10 years. Moneyexcel blog is ranked as one of the Top 10 Personal Finance Blog in India. He is not affiliated with any financial product, service provider, agent or broker. The purpose of this blog is to spread financial awareness and help people in achieving excellence for money. Please note that the views expressed on this Blog/Comments are clarifications meant for reference and guidance of the readers to explore further on the topics. These should not be construed as investment advice or legal opinion.

36 Comments

  1. shreya

    This is really nice article. Especially idea mentioning about Namkeen and Nasta shop this will really help me.

    Thanks for sharing.

    December 2, 2013
  2. PRAMENDRA

    KYA BINA PAISE KE KOI BUSINESS KIYA JA SAKTA HAI , KYO KI MERE PASS PAISE NAHI HAI.

    January 23, 2014
  3. chitra

    i want to do my own bussniss like online website provider,so please suggust me,give me more information regarding this.

    March 28, 2014
  4. RitzP

    Bina Paise ke blog chala sakte ho….bus thodi mehnat karni padegi

    April 12, 2014
  5. vamsi

    im 23yr old guy & im MBA FINANCE….what type of business can i start

    August 12, 2014
  6. sukhminder singh

    Ritz P replied to a question that no money is required in making blog. But I don’t know how to make it n what is blog. Plz advise me. I m 56 year old banker n lost every penny to social enemies.

    October 29, 2014
  7. mamta

    Hi

    I am an MBA with approximately 4 years of work experience in the field of online marketing. Due to my marriage, I left working in 2012. now I am planning for a new start. plz suggest me something (freelance / business – online) which I can do along with taking care of my baby.

    Mamta

    October 29, 2014
  8. j.k.kirori

    Iam48 yrsold ..Ihave practical experience and knowledge of business and industrial line.I can set up about hundreds types of manufacturing small scale industry.I can write project report on various types of mfg items.but i have not money to set my own business.Iwant to know ,how can i sell my knowledge on internet.I can manage 10k ony. I have a office, computer with internet and also.please advise me as early as possible.

    November 11, 2014
  9. Kajal kumar Mondal

    My wife has a medicine(allopathic)wholesale business in a remote area of d/dinajpur district of west Bengal. we very worry about running our business in every aspects of business as we have no money ,have not any idea about marketing etc etc. we have got lience on JUNE 2013 7started business at small scale.please guide us about fiancing & other aspects.

    kajal kr.Mondal

    February 10, 2015
  10. maruthi

    very good article since i had never seen this type of business plans,thank u raviraj sir…

    February 23, 2015
  11. Kishore

    Hi all,

    This information is very useful to all. All these are very good ideas and can be implemented with lot of patience.

    I wish you all the best.

    March 27, 2015
  12. Sachin Nagpal

    Hye.. myself sachin nagpal.. I wanna know that how much we can earn by making a blog and how much investment is need for the same and if i have upto 2 lac rupess then what business plan is better..

    April 19, 2015
  13. anand

    Small investment me hone wala business konsa hai jo jaldi growth kare

    May 2, 2015
  14. Sangeeta joshi

    Your blog is very useful for me !
    I need to know exactly what license n registration procedure required to start chapati +Sabji supplier from home !
    Can I start business first and registration n license procedure do later ?
    Please guide me !
    Waiting for the reply !
    Regards and thanks !
    Sangeeta Joshi.

    June 20, 2015
  15. Raviraj Parekh

    You don’t require any license or registration for tiffin service.If you are planning to start shop/hotel you need to register for Salestax Number and Service Tax Number.

    June 21, 2015
  16. santhosh

    sir ,
    I have a dream of launching two wheeler service centre of large scale ….i need an investment so for the need i planned to start an small projected business ,,,,,,,,,,,,please give me an idea of some small project

    June 30, 2015
  17. Rohan

    Hii iam Rohan 28 Yr old.. I am B.E.Prod with MBA in Operations management.
    can you please suggest me some good business ideas with less or average investments.
    thanks in advance.

    August 21, 2015
  18. UMRAO SINGH TANWAR

    I appreciate your bussiness ideas. I want start vegetables sales online. How Ican start this bussiness.

    August 24, 2015
  19. Raviraj Parekh

    You can take domain name and hire some website devloper to start this business.

    September 3, 2015
  20. rishabh bisht

    which is business is suitable for me ,in place like dehradun. coz dehradun is a developed but not that much

    September 24, 2015
  21. krishnamoorthy.c

    I want to start an tour and travels agency. Canu guide me briefly

    October 3, 2015
  22. harsh

    hello sir! i am going to open an online cleaning service .is it going to work in a small city such as in raipur .???

    October 6, 2015
  23. Smita Bhagat

    I am a housewife and very fond of making creative handmade craft .n want to start some business to sell it..wht steps i need to follow to set a business

    October 16, 2015
  24. Raviraj Parekh

    Smita,

    You can start home business by selling this handmade items or you can think of doing tieups with flipkart or amazone to sell it online.

    October 17, 2015
  25. Abhisek Sharma

    what about starting a blog ? please help

    November 15, 2015
  26. Harisha K S

    I have completed MA Bed, 4 years experience HR Assistante in Administration Department. Now working in Telecom As a Engineer Assistante, I have diside to do own business.. Plz tell me wt I do

    November 30, 2015
  27. vishal pandit

    I want to Take a franchisee of big bazar can i eligible for.
    and what are the procedure.

    December 30, 2015
  28. nk jain

    Dear sir,
    Please replied to a question that no money is required in making blog. But I don’t know how to make it n what is blog. Plz advise me.i am 35 years old i have experience in 10 years supply & distribution management.

    June 13, 2016
  29. hilal ahmad mir

    I am from Kashmir I want to doing a walnut business with Delhi agent

    June 18, 2016
  30. Raviraj Parekh

    Hi Ahmad,

    You can start walnut business.It is having good potential.

    June 19, 2016
  31. james

    Bhai Paisa Banane ne K liye To Thoda Paisa Chahiye na…… Koi Naste ki Lari Lagane ke liye bhi. 25000 Lagte he… To Kuch to Hona Hi Chahiye bhai..

    July 11, 2016
  32. Ramana Dubasi

    Almost the 10 business ideas are appreciated and thanks for your suggestions.

    August 16, 2016
  33. Raviraj Parekh

    Dear Mr.Jain,

    You need only small investment in order to start a blog.Follow steps given below to start your blog.

    – Purchase a hosting space and domain name.
    – Install Content management system like wordpress.
    – Install theme and plugin.
    – Share your content and earn money via advertisement.

    October 2, 2016
  34. Sree

    Cool article and gives me a thought to start my own business

    February 14, 2018
  35. Robin

    I am from hill station and want to start small investment business per hill station me esi kya cheez chal shkti hai ……koi esi small scale manufachring unit jo buget me bhi ho or returns bhi dey

    February 23, 2018
  36. Raviraj Parekh

    Hi Robin,

    I think you can think of starting business related to fruit jam manufacturing.

    February 24, 2018

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