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10 good business Ideas you can start with full time job

Shitanshu Kapadia
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1
10 good business Ideas you can start with full time job

good business ideas

Good Business Ideas – Do you want to start a new business?  If so, you must have realized that starting a new business is not an easy task as a risk is involved in it. You may need to leave your full time job or may need to invest a big capital for starting a business. However, you can start a part-time business and keep working unless it is converted to full time business. So, here are 10 good business Ideas you can start with full time job.

10 good business ideas you can start with full time job

  1. Tuition Class

First good business idea in the list is home based tuition class. This idea is suitable for the person with excellent teaching skill. This idea can be executed along with full time job. Initially, you can start with few students of a lower standard and gradually increase the batch size.

40 SMALL BUSINESS IDEAS WITH LOW INVESTMENT

  1. Hobby center

Hobby center or skill center is a second good business idea. If you are specialized in a specific skill like dancing, music or sports you can start your own hobby center as part time business. You may need to invest money in order to start hobby center.

  1. Handmade items

You can start handmade items business along with your full time job. An example of handmade items is food items, decorative items etc. You need to also spend money on advertisement in the local market.

  1. Interior Designer

This business idea is for creative people. It is recommended that you take training of Interior designer before starting this business. You need to establish yourself as an interior designer which may take some time. However, an interior designer is a very good business idea.

  1. Event or Party/Wedding Planner

Event planner or wedding planner is in demand today. Maximum people take services from them for organizing event/party or wedding. If you are good at managing things and multitasking you can start your business of event planner. It is a very good business idea and can be started along with full time job. You need a very good team and good contacts to be successful in this business.

  1. Errand Jobs

Providing an errand jobs service is another very good business idea. People are running out of the time and they are ready to pay money for errand jobs like utility bill payment, grocery delivery, gift delivery etc. You can start an online website for getting these types of job done. You required an efficient team of people to start this business.

20 Side Business Ideas you can start with full-time job

  1. Consultancy

If you are expert you can provide expert consultancy services as per your skill set. You can give consultancy in the field of accounting, auditing, advertisement, computers, business etc. You can earn a lot of money in consultancy business. However, you need to work very hard to become a successful consultant. Consultancy business can be done part time along with full time job.

  1. Online Jobs

You can start making money by using online job portals. You need to view the advertisement, complete surveys or task in order to earn money using these portals. Income using this business idea is not fixed and depends on the time you devote online for the tasks.

  1. Blogger

If you are good at writing and you have special knowledge about the subject you can become a professional blogger and earn a lot of money. This idea can be started in part time continuing your full time job. Once you become a blogger you can earn money using advertisement and affiliate marketing.

  1. Web Design or Development

Another good business idea is to become a web designer or developer. You need to have technical knowledge about programming to become a web designer. You can bid for the project online earn money using this idea.

Over to You –

While deciding on a business idea, you need to consider factors like your passion and expertise. Another important thing to consider is how difficult and expensive business idea is.

Hope you liked business ideas described above. If you have any queries do post in comment section.

10 good business Ideas

10 Reasons why you should not use Credit Card

Shitanshu Kapadia
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0
10 Reasons why you should not use Credit Card

use credit card

Using plastic money or Credit Card is status symbol today. It seems we can’t imagine our life without a credit card. We go to Flipkart, Amazon and Snapdeal select the item and flash our credit card for shopping. At a shopping mall, we swipe our credit card with proud. It seems credit card is our best friend that allows us to purchase anything starting from the latest version of gadgets, trendy dresses or any other lifestyle living requirement. We are not worried about paying money till the next credit card statement arrives in the inbox. It is Easy, very easy right?

If it is easy for you probably you are living in fool’s paradise. Credit companies which issue credit card to you are here to make money and not for charity. They are earning a lot of money from you by means of hidden charges and interest rates. If you fail to pay money on time to Credit Card Company you will be part of the vicious circle of exorbitant interest rate which cost you very. So, it is better for you to understand credit card product before making impulsive buying using a credit card. Sharing personal experience I never use a credit card and here are 10 reasons why you should not use credit card.

10 Reasons why you should not use Credit Card

  1. Impulsive Buying – Use of Credit card is like an invitation to impulsive buying. You can’t stop yourself from buying excessive items. It seems it teaches you to spend beyond your limit and hence you should avoid using a credit card. It is advisable to prefer cash on delivery method.
  2. Interest rate – You need to remember the last date of credit card bill payment. If you fail in bill settlement you need to pay an exorbitant rate of interest up to 36% or above. If you are not ready to pay this interest from your hard earned money avoid the use of credit card.
  3. Reward points – Another reason for not using a credit card is reward point or bonus point strategy of credit card companies. It is a visible trap for anyone. When you think you have enough point for redemption you will end up taking items like a cheap wristwatch, goggles or a tie with the logo of the bank imprinted on it.  Once you receive this benefit you will be informed in the next cycle of a bill that as per the policy of the bank, your remaining points has lapsed.
  4. Annual Fees -Credit card brings an additional burden of paying annual fees and late penalty charges. You need to select your credit card carefully and you need to be aware of charges applicable with credit card usage. Don’t’ dare to be casual you may end up paying more money.
  5. Paper work – You need to save payment receipt and check them against your statement every month. It is additional paper work. This is to ensure that you are not overcharged by Credit Card Company.
  6. Credit card Loan – Credit card loan is another trap. Once you take credit card you may receive a number of calls from your issuer that you are eligible for an additional loan up to 1.5 lakh due to clean payment track record. These loans are offered with very high rate of interest and without prepayment option.
  7. Teaser Rate – Another danger with a credit card is bank can change rate of interest and terms and conditions any time. They can change your credit limit prior to any notice.
  8. Sharing Personal Information – You are sharing a lot of personal information with Credit Card Company. If database of Credit Card Company gets compromised you are at high risk.
  9. Blowing your budget – The biggest disadvantage of credit cards is that they encourage people to spend money that they don’t have. It may ruin your financial planning and may drag you in debt.
  10. Credit Card Fraud – Like, cash your credit card or credit card information can be stolen. If it is misused by hacker you are nowhere. You may need to pay money which you have not used.

Also Read – How to recover money if your debit card is hacked or misused?

Over to You –

A credit card can be a great tool if use wisely. On the other hand, unwise usage leads to a huge financial burden. If you decide to use a credit card, remember few tips given below for credit card usage.

  • Keep track of all your purchases. If possible, maintain all receipt of purchase.
  • Don’t get carry away by doing impulsive shopping.
  • Never miss credit card bill payment.
  • Don’t share your credit card information with anyone.

Hope you liked this article. Do share these useful tips about credit card usage with your friends.

eNPS – How to Open NPS account online and contribute to NPS online

Shitanshu Kapadia
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0
eNPS – How to Open NPS account online and contribute to NPS online

eNPS

eNPS – Now you can open your NPS account online. This facility is known as eNPS (electronic National Pension Scheme). NPS is one of the social security schemes by the government of India. NPS is also one of the best tax saving investment options. eNPS is new initiative towards Digital India. You can use eNPS facility to open NPS account online if you have PAN card number and bank account with registered banks. This article throws light on how to open NPS account online in addition to that it also discuss process to contribute money in NPS account online.

What is eNPS?

eNPS is a facility of opening NPS account online.

New Pension Scheme is retirement saving pension scheme launched by government of India. This scheme is regulated and administered by PFRDA.

NPS offers two types of account –

Tire I – Traditional account where withdrawal is not possible

Tire II – Optional Account where withdrawal is possible

Under NPS subscriber is free to select investment option and fund manager. An Investor can choose whether to invest in equity, debt or government securities, not only that subscriber can select investment portion also. This makes this scheme unique from an investment point of view. Under NPS return on investment in not guaranteed, however it is expected that return will be in the range of 11-12.5 %.

Basic requirement to open eNPS account

  • Permanent Account Number (PAN)
  • Bank account with any of the registered Point of Presence empanelled for KYC verification
  • Scanned Passport size photograph in *.jpeg/*.jpg format with maximum file size 12 kb.
  • Scan signature
  • Internet Banking facility or debit card/credit card.

eNPS- How to Open NPS account Online?

Step-1 – Visit eNPS website and click on registration tab for opening new NPS account. You will be redirected to online subscriber registration form. Please make selection of account type and bank. Enter your PAN card number and press continue button.

eNPS registration

Step-2 – You will be redirected to subscriber registration form. You need to fill your personal details and identity details in this form. Once you are done you need to click on “Generate Acknowledgement No”.

eNPS personal details

Step-3 – System will verify PAN card details from database. It will ask you to press proceed button with displaying notice about PAN card verification. On pressing proceed button acknowledgement will be displayed. System will also send SMS and e-mail about this acknowledgement.

acknowledgement eNPS

Step-4 – Enter your contact details, Bank details, nomination details click on Save and Proceed on completion of each section. Once you reach to Photo and signature tab you need to upload your scan photograph and signature copy in jpg/jpeg format. Once you are done press on save button.

eNPS signature

Step-5 – Once the online registration process is completed by entering all the relevant details and making an initial payment (minimum contribution amount is Rs. 500), a twelve digit unique and portable Permanent Retirement Account Number (PRAN) will be allotted to you. Please take a printout of the registration form generated online with the details entered by you. Ensure that you affix your photograph and put your signature on the Form before sending it to the address given below:

Central Recordkeeping Agency (eNPS)
NSDL e-Governance Infrastructure Limited
1st Floor, Times Tower, Kamala Mills Compound,
Senapati Bapat Marg, Lower Parel,
Mumbai – 400 013

If you have opted for Tier II, you have to submit a cancelled Cheque and a copy of the PAN Card along with the form.

How to make a contribution to NPS account through eNPS?

If you are existing subscriber of NPS you can contribute to your NPS account via eNPS contribute facility. Follow step given below for making a contribution to NPS.

Step-1 – Click on Contribution button at eNPS website.

Step -2 – Provide your PRAN number and date of birth. Once you press verify PRAN OTP will be generated. On authentication you will be redirected to payment page.

eNPS Payment

Step-3 – Pay using debit card/credit card or net banking option.

For any queries related to eNPS kindly contact – 022 – 4090 4242 or write to eNPS@nsdl.co.in

Don’t forget to share your experience about opening NPS account using the eNPS facility.

5 New Unique Business Ideas from Western Countries

Shitanshu Kapadia
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4
5 New Unique Business Ideas from Western Countries

Unique Business Ideas – Success of every startup depends upon a unique business idea. Today many young people strive to get a good business idea that will bring success to them. To help them, I am here with 5 New Unique Business Ideas.

These unique business ideas are taken from foreign countries. If you work on these unique business ideas, it will surely bring success to you. So, starting from sharing space to personalize gift here is 5 unique business ideas for 2016 from foreign countries.

business ideas

5 New Unique Business Ideas from foreign countries

Share the workspace

The first unique business idea is earning money by sharing the space. You can share the workspace and related services for entrepreneurs, freelancers, startups, and small businesses.

This idea is based on renting workspace and earning extra money. Wework is US based company that deals with physically building and sharing the workspace. They lease the workspace based on facility and timing. They have a unique business model which can be replicated in India.

Business or Job – Building Pipeline or Hauling Bucket

Free Food

The second new unique business idea is related to food. In this idea, you need to do a tie-up with multiple restaurants and office customers looking for healthy and tasty food. You need to place a website on which you will be accepting food orders based on the survey filled by a customer. Along with the food order, you need to deliver free sample food sponsored by the restaurant.

This will act as a win-win business model for everyone. Customers will get food for free. You will get business from customers and restaurants will get publicity. Lunchspread is a startup that offers this type of service at USA.

Bed rest service

This unique business idea is dedicated to all mothers expecting babies. You can help them to enjoy this beautiful phase of life, by providing services starting from pre-delivery to post-delivery. These services include providing personal concierge at home, hospital preparation, baby name registration, baby shower, diaper delivery service, etc.

This is an upcoming concept and growing in the western country. Bed Rest Concierge successfully provides this type of service in the US country.

Premade Kits

Today people are becoming lazy and they are ready to spend money for buying readymade things. You can take advantage of this by selling Premade Kits online. You can make kits for travel, personal care, health, baby, car, home, office etc. This will help people as they don’t miss any products and it will also help you and you can charge a premium to the customer.

This unique business idea can bring success to you. Minimus.biz is already offering this concept to customers.

Personalize Gift Store

You can help people in designing a personalized gift for various occasions. You can open gift store where people will able to purchase a personalized gift. This unique business idea is implemented by Thankster, where they provides a facility to personalize greeting cards.

Which business idea you will adopt from above and why?

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