Looking for a business idea for a start-up but still confused to begin with, then these following simple business Ideas are suitable for you in helping you to decide the best options to make a startup in Latur.

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One of the simple recommendations is to work for small to large enterprises that compliment your skills, assets, and financial stability. With these company concepts, you might launch small firms that eventually become significant corporations. Latur is one of the largest cities of Marathwada region in Maharashtra state. The city is a drought prone area and has the issue of acute water shortage during summers.

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The city is also 43 kilometers away from the epicenter of the earthquake. The city is known for its high quality of education which attracts students, making it an education hub.

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The population of Latur depends on agriculture of crops like sugarcane, edible oils, grapes, mango and many others. The city is highly industrialised by the government of Maharashtra.

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MIDC (Maharashtra Industrial Development Cooperation) was the government firm that settled a hundred industries and offered many companies to set up their manufacturing plants in Latur, in agriculture processing, edible oils, biotech, consumer durables, plastic processing, and aluminium processing.

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However, the majority of them are small and medium scale agriculture industries. Being a high drought prone area, the city is the largest trading centre for soybean in India. It is also known as the 'Sugar Belt' of Maharashtra due to the presence of more than eleven sugar factories making it the highest sugar-producing district of India.

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The city of Latur has a widespread grape wine park known for high quality grapes and houses many states and privately owned cold storage facilities. It is a major transport junction to south India.

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The article is right for you if

• You want to set up an entrepreneurship program in Latur.

• You want to begin with a small investment in a business.

• You are looking for business ideas related to the statistics of Latur.

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For more exclusive business ideas you can go through the Fynd platform. Here in this article, we have several profitable and long-term business ideas in Latur, which will help you in developing a successful Business. 

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Statistic Table

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Successful Story:

Being a high drought prone area, Latur has proved that efforts and cooperation of man can change the unfortunate destiny. The sole tourist facility built in 1993 close to Sai Barrage was destroyed by bad monsoon seasons and drought.

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The needs of Latur were clearly impacted when groundwater levels dropped and the river dried up. The residents of Latur recognise the necessity of revitalising Manjra dam, and thus they established Jal Jagruti Abhiyan: Jal Yukta Latur.

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The goal was to provide enough water for the city and establish a model that other drought-stricken areas could follow. The endeavour started in February 2013 by convening conventions on how to address the water crisis in their villages with the assistance of Sri Sri Ravi Shankar's Art Of Living organisation. AOL's visionary project was consequently set up at Latur. To expand the Sai barrage's storage capacity to 18.5 million cubic metres, it must be desilted for 18 kilometres.

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An estimated 45 lakh cubic metres of silt would be removed. The strategy was successful in persuading residents of neighbouring villages in Latur to pool their resources in order to perform desilting work and build inexpensive gabion structures to collect rainwater.

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This increased the water level in the nearby villages' bore wells and preserved the vegetation. Consequently, with the help of the public, 50 minor initiatives were finished.

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The villagers are now aware of AOL's endeavours and its simple techniques to rehabilitate the dry area, including desilting nullahs, constructing gabion structures, and catching rainwater in rivers and rivulets.

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Sri Sri contributed Rs 1 crore to the project, and citizens offered financial support and requested funding for the Rs 8 crore project. The average annual rainfall of Latur, which is 117 sq km, ranges from 600 to 800 mm.

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The issue of rainwater collection is being raised by activists. More homes are joining the 3,000 that have already signed up. The groundwater level might rise as a result of such efforts.

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Business Ideas In Latur:

Here is the list of some Best Business Ideas in Latur which will be very helpful for you:

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1. Real Estate Agent

Real estate is one of the most profitable businesses that is growing more with time. It is a one time investment that can give you a large profit margin if you know the marketing in real estate.

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Working as a real estate agent is appealing as each day is different and comes with helping others to invest in real estate. To become a real estate agent you must meet state’s licensing requirements. A good contact with builders and construction companies will help you to set a variety of real estate options for your client.

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As a real estate agent, you will encounter new people, travel to new locations, and deal with the altering requirements of buyers and sellers, which frequently requires making last-minute changes.

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Real estate agents have the legal authority to assist clients in the purchase, sale, and rental of real estate. In addition to the necessary administrative paperwork for the profession, each day is spent working actively to generate cash.

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2. Social Media Agency

Social media agencies have created a market to advertise a good or service with the rise of social media platforms and websites. To establish a social media firm, you need to have a solid marketing plan and the appropriate credentials.

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When you combine best practices with your marketing plan, social media firms can be beneficial for your company. This entails precise audience targeting, messaging that is appropriate for the social media platform, and consistency. A social media firm employs paid advertising or original content creation on several social media networks to help your company reach its objectives. 

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Your social media advertising firm combines social media management with various forms of social media advertising and marketing services to highlight your distinctive brand voice and guarantee that all client touchpoints are covered.

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3. MLM – Network Marketing

MLM, or multi-level marketing, is sometimes known as direct marketing or network marketing. It is a technique for selling goods directly to customers while utilising independent sales reps.

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Members of a corporation are encouraged to bring on new members through a multi level marketing sales structure. Once hired, this salesman gets a share of the recruiter's profits.

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Each salesperson makes money from the sale of a certain product simultaneously. MLMs are frequently honest, ethical companies whose distributors profit from the sale of actual goods as well as from commissions on goods sold by distributors they have recruited.

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You can run a firm using a model where sales are generated by a network of salespeople, through presentations, or in one-on-one settings in homes or companies if you have a strong understanding of marketing and strategy. You can give business owners the resources and tools they need to operate in several places. With each purchase, you can increase your profit.

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4. Security Services

The security industry is very successful in the modern day. The demand for security services is growing along with the number of different businesses. Due to the constant risks and dangers that businesses confront, most large and small firms already see the necessity for security guards.

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The security guard has the same duties whether they are employed by a residential complex, a business, or a public institution. You can start a security guard business that offers convenience and safety to customers. An affordable security service has low initial expenses.

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The most expensive item is insurance, followed by legal and regulatory fees, cost-effective uniforms, and equipment. Hourly rates are what security providers normally charge for their services. The cost will increase in line with the quantity of security personnel offered to clients.

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5. Tour And Travel

You can start a tour and travel business that comes up with vacation ideas, investigates the ideas, plans the itinerary and the content of the vacation, hires the services required for the vacation—such as lodging, transportation, guides, tour leaders, or resort representatives—and then markets the finished package. You will receive commissions from the vendors in exchange for these services; they usually pay once the trip has been successfully completed. 

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With their extensive ties to travel providers around the world, travel agencies have access to exclusive offers. They are able to negotiate the finest prices for their customers in order to give them the best value. Depending on the budget, they also provide a variety of options. The top travel companies offer training, continuous assistance, and significant earning potential.

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6. Dairy Shop Service

Dairy farming is thought of as a year-round business opportunity due to the constant need for milk and dairy products worldwide. Depending on the total number of cattle kept, it requires land to produce the fodder yields for the cattle. The breeds of cattle must be carefully chosen, and there must be plenty of food and water available to feed them in order for them to produce more milk.

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Even though you don't have land and cattle, you can still run a dairy Shop by contacting farmers who raise cattle in rural areas. You can work as a distributor and sell milk and its products in urban areas.

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This only requires good knowledge and strategy to transport, process and store milk in good condition for a long time. India is the biggest milk producer. India is positioned 1st in milk generation contributing 23 % of worldwide milk generation.

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Milk generation within the nation has developed at a compound yearly development rate of around 6.2 % to reach 209.96 mn tons in 2020-21 from 146.31 mn tons in 2014-15 .

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7. Electronic Repair Service

The rapid evolution of technology has created a steady stream of new business prospects and breakthroughs. If you have the necessary skills, starting an electronic or computer repair business could seem like a straightforward way to make money. If you know how to repair electronic equipment, you may make money doing what you love while also assisting the environment by lowering the amount of e-waste.

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There is a huge demand for consumers to mend their cracked phone screens and other problems, and you can turn a nice profit. Before beginning, you should research the nearby phone repair businesses and choose the kind of service you will provide.

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Repair professionals charge a defined rate for labour in addition to the cost of replacement parts. You must set up business financing if you want to operate an electronic repair shop. Initial startup costs for a repair business are fairly modest, and you can anticipate further costs based on your choice of business plan.

8. Cooking Classes

Everyone can cook, whether they are men or women, but cooking correctly is also a tremendous art in and of itself. Cooking is a great way to make quick, good money nowadays because everyone needs to be self-sufficient, and this is a platform where even less educated women work by becoming self-sufficient.

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If you are able to accomplish all of this, then this is the platform for you. With it, you can earn more money more quickly and effectively while also making smaller investments.

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The amount you make from teaching cooking classes depends on a variety of factors. At first, you won't make much money because this is the kind of business where success won't happen overnight.

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However, as you build relationships with students and the conversation in your class grows, your income will rise. To achieve this, you'll need to put a lot of effort into marketing your enterprise.

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9. Driving School

If opening a driving school appeals to you, you must choose the kind of school you want to operate. The choice of whether to start your own driving school or buy a franchise from an established company must be carefully considered.

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The costs associated with opening a driving school will be handled by the franchiser, even though purchasing a franchise can be expensive due to franchise fees. Beginning a business requires consideration of location.

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The company can get off the ground on rented property before being relocated to a more advantageous spot. Your investment will probably cost money for company insurance, buying a vehicle, hiring staff, renting premises, getting permits, and handling administrative expenses. If you're seeking funding, talk to investors. The importance of the staff will not be understated, and paying them fairly takes a lot of money.

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10. Food Catering Business

If you don't have enough money to start your own company, you may start a catering company. With just a minimal initial expenditure, you may launch this business and earn anywhere from fifteen thousand to forty thousand in the first few months. Finding a niche or the appropriate domain in which a person is an expert and has the most in-depth understanding of the product is the first step.

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One must choose whether their primary goal in starting a catering business is to offer upscale, wholesome, or affordable street cuisine. It will be simpler to conduct in-depth research on the proper catering industry sector once the goal is defined.

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The catering industry, which is a crowded market niche, can have significant costs, some of which may be concealed. Therefore, a good solution to the required expenditure should be considered. This occasionally necessitates speaking with a financial counsellor.

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11. Computer Training Center

Computer training describes the sources, businesses, and services designed to assist in educating users on a variety of computer-related subjects. Professionals in computer training provide instruction and assistance to consumers in a variety of areas, including hardware, software, database management, programming, networking, and more.

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Students who want to learn the skills necessary to land entry-level jobs but have little, or no prior computer expertise should enrol in the Training Computer Support Technician programme.

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This company is a service sector operation, and it can only be successful if the right service is provided in the appropriate place. You must first take into account the fixed costs in this form of firm.

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Whether you have many or few students, these fixed costs never change. Rent, employee wages, power, and other recurring expenses are all considered fixed costs. As a result, you must build your company plan appropriately, including a precise break-even analysis. If you can organise your business properly, you will start out with a sizable profit

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12. Landscaping Service

One of the most profitable enterprises in the agro-based service sector is landscaping or lawn care. You may start this environmentally friendly business from home with little beginning money. In this industry, expert knowledge and effective communication abilities are essential. If you live somewhere with a warm climate, you might be able to work almost all year long. 

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In order to establish this business, you must have some fundamental skills. It is crucial to have knowledge of tools and machines, including their designs, functions, maintenance, and repair.

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The fundamental requirement is to apply business and management principles to strategic planning, resource allocation, resource modelling, leadership style, production methods, and the coordination of people and resources.

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‍Landscaping and gardening administrations showcase estimate is evaluated to develop by USD 6.60 billion from 2023 to 2027 at a CAGR of 5%

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13. Cab Service

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Cabs can be booked through one of the several online transportation network businesses available today. Joining any comparable taxi businesses is another way to launch your business.

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Due to the fact that most people now book taxis or cabs online while relaxing at home, this will also bring you a lot of income and benefits. That's why there's a huge market for it.

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Keep in mind when creating your business plan depends on how much money you will invest in this venture and, after purchasing a taxi, how much you can spend on appearance to make it look appealing.

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Also, keep in mind that every business has a set budget. Never go over your spending limit when investing. A cab business is not one time investment and requires investment on maintenance of cabs and service. However, if the returns are higher then it will cover all the maintenance of the cab.

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14. Fitness Centres

For a growing number of people, fitness has taken the top spot. They are certain of the advantages of going to the Fitness Centres and are prepared to spend money if a solution is put up that shows promise of success.

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Instead of seeing weight loss programmes as an extra expense, they now view them as a necessity. Therefore, starting a Fitness Centre's business not only offers you the possibility to make money but also gives you the opportunity to change the lives of many people. Recurring membership fees are how fitness centres make the majority of their revenue.

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To increase the profitability of running a Fitness Centres, you can introduce additional revenue streams including personal training, branded goods, premium amenities, and more.

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You can design for and invest in high-quality services, materials, and cutting-edge fitness equipment because these will benefit the customers and increase the value of the businesses.

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15. Clothing Boutique

Since clothing is a necessary component of daily life, people spend a sizable sum of money on it. There is an opportunity for both niche and major players to profit because fashion and trends change every day.

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The amount of money required to start a clothes' factory will depend on the volume of output. Along with the rise in fashion and style demand, so is the requirement for the clothing business.

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If they are careful with their preparation and have a solid marketing plan, anyone may launch this business with a minimal amount of money. A clothing brand needs money to get off the ground, as well as a lot of time and effort to debut.

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Additionally, it could take some time before you start to recoup your initial investment. If your profit margin is bigger, you will sell more products and earn more money. Higher margins are a sign of a profitable business model and good sales performance.

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16. Coffee shop

Coffee sells at higher profit margins than other food products, and often operates with lower overhead than other business models. Coffee is a widely available product with a lot of competition, but don't let that scare you away from the industry. 

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Coffee shops are extremely profitable due to the high profit margins and low cost of stock. You can offer variety in coffee and drinks, and more centred on giving fast meals in a quiet, intimate setting.

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Numerous elements, including the size and nature of the coffee shop as well as broader economic issues, affect profitability. Coffee shops with quick service are the most profitable kind of eatery. People who are looking for inexpensive meals and are cost-conscious may find that these kinds of stores are the greatest choice.

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17. Day Care Services

A daycare facility is primarily a for-profit supplier of child care services. In reality, babysitting is the management of a small group of kids, frequently on demand rather than according to a predetermined timetable, and it excludes predetermined activities.

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It is the simplistic business which doesn't require any higher degree, all you should know is to take care of a child. If you don't have a proper house for opening a day care service then you can opt for home service of your customers.

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You may notice a market for your business and, as a result, a great demand for the babysitting business because parents today have a great need to make a living. It's a good idea to create a basic business strategy even if you only want to care for a few kids at home. In order to decide on the pricing for your service, you must first determine the costs related to everything, including operations and logistics.

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18. Vehicle renting

The rental of vehicles is a fiercely competitive and potentially lucrative sector. A company that leases cars for brief periods, from a few hours to a few weeks, is a vehicle rental agency. They offer a variety of locations for consumers to pick up and return their rental automobiles after use, and they also have online booking tools that include pre-payment.

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You must select a business plan, locate the appropriate site, and construct your fleet before you can launch your enterprise. Before renting your first car, make sure to adhere to all insurance and legal regulations, such as getting company permissions. 

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You may find renting out vehicles to be quite profitable if you can manage the risks associated in setting up your business for daily operation. Car rental businesses provide people with vehicles to use temporarily.

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The requirement could arise for a variety of reasons, such as when people don't own a vehicle or when they have visitors in the city or when our own automobiles are damaged while they're sitting in the garage.

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19. Delivery Service

Starting a delivery service is in high demand, therefore you will undoubtedly turn a profit as it raises revenue, diversifies options for clients, and provides unmatched convenience.

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Deliveries of goods like groceries, medications, and meals are in high demand and fulfil a critical need in every community. Your delivery business can become successful quickly with a little effort.

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To put it simply, monitoring a package or courier entails the act of localising packages, containers, and various parcels at the time of sorting and delivery. This enables the determination of their source, movement, and estimated final delivery. 

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You can launch your own delivery company if you have a mobile phone, safe transportation, and a productive delivery procedure. Furthermore, you must provide your customers with top-notch customer service.

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20. Laundry Service

Even though it is not necessary to have any particular training or experience to start your own laundry business, it is always a good idea to have prior industry experience when starting a business.

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Working on a laundry facility could be advantageous for learning more about the industry and what customers want. A good approach to make sure there is a market for laundry services is to conduct market research before opening your firm. 

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To increase productivity and attract customers to your laundry you can also offer extra services of ironing clothes and special discounts for regular customers.

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Your target market for a laundry business may be quite diverse, ranging from busy professionals to elderly clients. A great location for your laundry facility startup, such as on a busy street, will help you get the business off the ground.

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21. Pickle-Papad Making

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A considerable economy has resulted from the household industry of pickle-papad making, which has employed women and other domestic workers. Starting a pickle business only needs a small investment because pickles must first be prepared by hand. To start a pickle company from home, you just need a few raw materials; the rest may be created with aid from your neighbours.

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The most important factors in this are branding and packaging because they have a direct impact on how well your product is accepted by customers.You can make a tonne of money with this business if you can maintain Pickle and Papad manufacturing. You can anticipate 50% profits and a sizable industry profit with this business. You can remove your investment and the full marketing budget after just two months if you promote your brand; after that, only earnings will be lucrative. 

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22. Pest Control Service

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You may make a respectable income from a home-based pest treatment business. Many people who own their own pest control companies first work for a well-known provider of pest management services.

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The pest control industry employs a large number of skilled workers. It involves the procedure of controlling or decreasing the poisonous, harmful, or other animals. The horticultural industry heavily relies on pest control.

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Pest control businesses must cover a wide range of expenses, including those for equipment, labour, office space, insurance, rent each month, and vehicles. Additionally, the business needs to be licenced, registered, and insured. A business can simply start out with a profit of INR 50,000 to 75,000 per year. The range of services provided, the location, and the marketing strategy all affect the profit margin.

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23. Fertilizer Manufacturing

Agriculture is the main industry of Latur. The manufacturing of fertilisers has a low failure rate and is very durable. To build their creation and protect their crops from pests, farmers require fertilizer on a massive scale.

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Because there is such a high demand for chemical-free goods in today's society and because starting an organic fertiliser business has unique advantages in and of itself, it has the potential to be very profitable. Producing organic fertilisers can be viewed as capital-intensive when first starting out, but with the right location, it can be quite lucrative.

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A dependable sector that isn't slowing down is the fertilizer industry. As the world's population is expanding, there is a greater need for food. Despite the fact that there are many fertiliser businesses, beginning an organic fertiliser business is unique in and of itself due to the great demand for chemical-free products in today's society and the potential for significant earnings if managed properly.

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24. Event Decorator

If you enjoy decorating on any event, you might have considered starting an Event decorating firm. Working with clients and organising a variety of events will take up your day, and you will spend the evening ensuring everything goes according to theme of your decoration. You can choose your schedule, the customers you want to work with, and the fees you want to charge. You can charge extra for real floral decoration andow for artificial decoration.

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All you need to do is give best at decoration for customer satisfaction. The industry of event decoration is very lucrative. The needs of the client must be your top priority because it is their event while you are in the event management company.

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There are many marketing techniques for event decorating, but make sure you just select those that are suitable for your business' requirements. A decorating business necessitates numerous transactions.

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25. Beauty Parlour

Opening a beauty parlour business may be the best option if you want to launch a new company or have an ambitious project. There has never been a better time to invest in such a business venture than now, when the Indian economy is expanding quickly.

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The need for beauty salons is growing at the same time. This demand can be ascribed to rising disposable income and Indian women's changing lifestyles. There are various kinds of beauty parlours that serve various demographic groups. 

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For instance, while others will address the grooming requirements of both men and women, some will simply concentrate on hair and makeup. Compared to other businesses, beauty salons are typically simpler and less expensive to launch.

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With increase in cosmetic companies and their products it gives an opportunity to earn more with the quality of products you are offering to your customers.

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26. Florist

Running a floristry business is unquestionably rewarding if you have a strong passion for flowers and floral design in addition to the required qualifications and marketing skills. You can open a shop to start expanding and prospering. You can start a home-based business with little to no upfront cash. A big refrigerator and water sprays will be all you need to keep the flowers fresh. Flowers can be purchased from wholesalers to launch a retail or online floral company.

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Businesses in the floral industry are among the most lucrative, with one of the best returns of any speciality flower. You are capable of establishing a rate, comprehending pricing, realising the value of cost management, mastering marketing, and mastering sales.

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You can set a rate and understand pricing, realize the importance of controlling your costs, master marketing, and master sales. You can earn a great number of funds all season if you manage to balance between your sale and price.

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27. Movers and Packers

Packers and Movers Business is a fast-growing service oriented business because at present consumers both at local level and interstate level keep needing such services.

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Due to which they have to shift their goods etc. to the new location, apart from this people keep sending some goods etc. from one place to another. Due to all these requirements, people do not need Packers and Movers Service. That's why it can be said that thousands of people need this kind of service every month in a major city.

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Therefore, it can be said that there are many opportunities to earn from this type of business and any person who wants to start a business by investing some can consider starting Packers and Movers business. 

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28. Open Library

Starting even a small library requires much more than buying a few dozen books can be a good business. You can cover some of the startup costs, an ongoing library project requires ongoing funding. One way to do this is to establish a library foundation. A foundation can accept tax-deductible donations on behalf of the library. 

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Investment in a library depends on the library and land because if you start a big library then more investment has to be done and start with a small library then inside it. Less investment has to be made and own land, then work can be done in less money and if the land is rented or bought, then more investment has to be done in it. 

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Conclusion

The small and medium scale agriculture industrial and manufacturing sectors are the main contributors of the economy in the Latur District of Maharashtra. The MIDC supports small companies and businesses by making it simple to access a wide range of possibilities.

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For mutual advantage, the private and public business startup environment is being improved by the government of Maharashtra. To enhance employment, it is also a goal to encourage other foreign companies and investors to make investments in Latur and provide jobs for others.

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Some simple business concepts are listed above. You can choose any of the solutions that are right for you based on your skills and abilities. In this article, we have 28+ business ideas in Latur, which will be helpful for individuals seeking to start their businesses. We hope this article has given you a good option for a business startup. What do you think is the best-suited business?

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Please leave a comment down below and share it with your friends. If you are looking for more articles like this, then don't forget to check out Fynd Platform, which gives thousands of ideas for a beginner.