Business Ideas In Patiala for 2024 (Low Investment Needed)

As a top-line state in terms of productivity and distribution of finished products, Punjab sits amongst the elite states of northern India. It is a hub of agricultural output, coupled with long-term industrial and technological enhancements therefore it is not so complicated to do business in Punjab and its densely populated cities.

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One of the commercially active zones of the state is the city of Patiala, which is one of the most populous divisions in the state and is well connected with various parts of the country by road, rail, and air. The sector is home to colleges, study establishments, and plenty of valuable kingdom authority offices.

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Establishing your business in Patiala is a sure-shot way of earning lump sum amounts of money for you and your commercial institutions. The market in Patiala hands out a great deal of profit and tremendous scope of opportunity looms in this region.

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So, here are some vital reasons necessary for you to start a business in Patiala:

• The town is not expensive in means of survival and is manageable even on a meager income, unlike top metro cities like Delhi and Mumbai. This is a huge boost for entrepreneurs who are new in their field and do not earn fat notes to sustain themselves.

• A good climate, availability of cheap raw materials as well as plentiful manpower, which very beneficial for any company to initiate production.

• Polarised wealth concentration which gives you a diverse range of target audiences as consumers.

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Statistics Table

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An Entrepreneur’s Story

Jugnoo is India’s first auto-rickshaw aggregator facilitating easy and reliable transportation for the daily office-goers. Founded in 2014 by Chinmay Agarwal and Samar Singla, the Chandigarh-based company connects riders with their auto-rickshaws in just a few clicks through their application-based product.

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It has recently entered into the B2B delivery chain and has tied up with Dodo Deliveries, using existing auto-rickshaws to do their deliveries in their idle time. Apart from transportation, they also deliver fresh fruits and vegetables, along with ready-to-eat meals to doorsteps.

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Both the founders are IIT-Delhi alumni and discovering the loopholes in the auto-transport network like uncooperative attitude, unavailability, and unreasonable ideas; they came forward with an idea that has the potential to tap into the transport system of level 2 and 3 cities.

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The public can avail of it using the mobile app, and simultaneously auto drivers can save on waiting time, which is quite similar to today’s Ola and Uber. Now the company engages in over 1,000,000 transactions per month and is spread across 45+ cities throughout the country, amassing funding estimated at 16 million US dollars.

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Why Do People Own Small Businesses?

Small businesses provide lots of opportunities for budding and expert entrepreneurs and generate employment for the youth and the elderly. It binds various communities together under one common social, economic and organizational structure; thereby providing means of sustenance to various classes of society.

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Running a small business is much more complex than a full-scale company or production unit because of the following reasons:

1. Independence: Where you are your boss. You do not have to worry about getting fired and therefore have the liberty to pursue your choices in making decisions for the company models.

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‍2. Lifestyle: A survey has shown that there is a significant change in the lifestyle of a small business owner. Their whole commercial mindset changes with the progression of the industry. Qualities like strong determination, decisiveness, and the ability to act in a pressure cooker situation are imbued automatically within the owner.

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A general overview of the demand and supply routes and market monitoring is also developed significantly. Even there has been an increase in personal tastes in luxury, as the owner gets to invest his/her money in various fields and collections.

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3. Learning Opportunities: The owner gets to know various techniques of commercial progress and market monetization – that is to create a unique chain of supply to a particular demand to maximize extraction of profits in that sector. He/she gets updated with the policies and market laws levied by the government over each financial year.

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4. Creative freedom and personal satisfaction: As a small business owner, you will have the creative liberty to introduce products according to your wish and relevant to the demand as well. Your mental aptitudes and innovative knowledge can be put to use, to invent something unique for the betterment of the people – leading to a commercial boom in the company.

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What Is A Small Business?

A small business is a privately owned enterprise, partnership, or sole proprietorship with a limited crew and considerably lesser amount of sale and profit as compared to a fully grown production unit or a multinational company.

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Evaluating Best Business Ideas in Patiala for You to Kick-Start Your Career

It might seem critical to come up with a solid business idea, which is stand-alone and devoid of competition, but it doesn't need to be unique. A little thought, preparation, and strong planning for the foundational basis of the business are enough to set the ball into motion. Despite such a venture being completely originated, our experts have come up with some more options to guide you into becoming a successful small-scale entrepreneur.

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1. Fashion Design Institute:

Punjab is a household name when it comes to handloom saris and handicraft items. Phulkari saris have always been a favourite of the Punjabi people. The cottage industry has grown over the past several years and an immense contribution to such excellence is from the people of Punjab.

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Fashion is ever-growing and changing, and therefore provides excellent opportunities to those who have the creative know-how and a sensible fashion style. A lot of fashion institutes and universities provide courses in fashion designing, which if you are interested to pursue, can avail yourself of at a very nominal cost.

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Other small businesses can be a bit creative, such as a mix of local handicrafts and modern technology to create something unique and thereby, give rise to a successful fashion designing institute.

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2. Fruits, Vegetables, And Cereals Export:

Punjab is known as the food bowl in India. All fruits and vegetables, as well as large amounts of wheat and paddy, are produced in Punjab and then redistributed to places. Export fruits like mango, oranges, papaya, guava, jackfruit, banana, etc. can be sold locally as well as exported to other countries.

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The brilliant connection of Patiala to the rest of the country allows you to collaborate with exporters and transporters to increase your operating circle and market reach while ensuring superior quality of supply. The direct transaction with farmers can also lead to cost-cutting. Further, the induction of horticulture has led to massive scope for local as well as global sales in sight.

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Considering a report by Statista ‘Income within the Vegetables fragment sums to US$87.81bn in 2023. The showcase is anticipated to develop every year by 8.72% (CAGR 2023-2028).’

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3. Animal Feed Production Business:

Punjab is the country's largest producer of dairy items. More than 60% of the dairy requirement of the country as well as for export purposes are met by the dairies of this north-western border state. Therefore, cattle ranches, dairy, and livestock farms are in desperate need of sustenance which has thereby led to significant demand for animal fodder and other dietary supplements.

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This is a very fruitful opportunity to set up animal feed production units to cater to these nutritional demands. Malnutrition of livestock has been a major source of concern for the farmers and dairy farm owners and therefore can be tackled with superior quality food production and mass-scale distribution of the same. This is an excellent form of social welfare, as well as a vital source of income for budding and mid-level entrepreneurs.

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4. Natural Fertiliser Manufacturing:

Punjab is one of the major producers of nutritional elements in India, and contributes greatly to the agrarian GDP of the country. Quality farming and reaping of high-quality crops need essential nourishment of the soil – which is where natural fertilizers come into play.

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Worm composting and fertilizer production is very viable sources of generating revenue, as well as of great assistance to farmers. Farmers can make use of the knowledge of their utilization and can implement them in their day-to-day practices.

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Funding for the same can be easily obtained both from government and private enterprises, including landlords and local rich families. In 2020-21, the full generation of liquid biofertilizers in India was almost 26,442 kilolitres (kl), which checked a development of almost 552% over the 2014-15 figures and when it comes to carrier-based solid biofertilizers, in 2020-21, India delivered approximately 1,34,323 tons, a growth of around 435% over the 2008-09 figure

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5. Travelling Agencies:

Punjab is one of the major promoters of tourism across India. Its rich history of cultural heritage, coupled with extensive flora and fauna, makes it a haven and attracts millions of tourists from across the world, all over the year.

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Travel agencies are therefore a very promising business venture for many people, and to maintain their stand and reduce huge competition, they must cater to the tourist’s needs in every way possible, while keeping the cost in mind.

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You need to be a terrific planner and a very responsible individual, with proficient knowledge about the regional tourist spots, as well as important contacts with other transport and tourism agencies, to attract as many tourists as you can, so that the business is ramped up to the maximum.

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6. Breakfast Joints And Takeaway Counters:

Food is one of the most essential requirements of the human lifestyle. It is a revolutionizing sector for business ventures as it provides the most opportunities for flourishing commerce. The Food and Beverage Industry has been the pinnacle of human economic nourishment since time immemorial and therefore sanctimonious business enterprises like Swiggy, Zomato, KFC, Domino’s, and many more have sprung up in less than a century.

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Besides starting a full-fledged restaurant or eating place, systems of online takeaways and home delivery services have sprung into action today. Breakfast and brunch joints can be opened up, which will provide healthy food both off and on center. You can also take up franchises for famous food joints like McDonald’s, KFC, etc.

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The location of such a joint is crucial – demand is to be met with a never-ending supply of finished and cooked products, as well as proper funding and maintenance are necessary for the long-term sustenance of the food chain and its subsequent growth into a well-furnished brand.

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7. Juice Point/Shakes Corner:

The city is immensely hot in climate during summers, and also a considerable amount of sunshine and humidity prevail during winters. To tackle this ‘sticky’ problem, fitness experts have come up with shakes and juices.

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The target audience for such an industry is mostly the health-conscious individuals and “fitness freaks”, with a diverse range from associated beverages to tea, coffee, buttermilk, etc. to quench their thirst. Also, an immensely popular drink in Punjab is lassi.

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They are equally sought after by locals as well as tourists all throughout the summer season. The products are easily transportable if proper transportation agencies are contacted by the entrepreneur, as the shelf life of such items is less, they are sources of quick cash earning among all other food items.

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8. Tailoring/Embroidery Shop:

As discussed earlier, Punjab is famous for its textiles and handloom industries. These facilities ensure a symbiotic relationship with tailoring and embroidery shops, which therefore have a huge rate of success in a fashion-driven market. Most of the tailoring shops and embroidery centers are products of household manufacturing and therefore require minimum capital investment.

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Women have been playing a significant role in running these small-scale industries. Tie-ups with big textile factories and garment giants can provide you with funding and raw materials for the production of finished products.

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Transportation contacts are also crucial for the speedy distribution of goods in and around the state. Also, the government has recently upped its stance in providing aid to such industries throughout the state.

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9. Online Business:

With the advent of the internet in every small township in India, the subcontinent has shrunk considerably and is therefore entwined in a digital mesh. Throughout the years, it has been observed that many organizations and corporations have used digital media to establish and expand their business centers.

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Many start-ups hire skilled personnel through online mediums; social media platforms like Facebook, WhatsApp, and Instagram have given rise to influencers, creating innovative trends every single day. Content writers and creators have been handed a golden opportunity to showcase their talent through YouTube.

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Today, the high demand for search engine optimizers, web developers, graphic designers, and tech builders is on the rising side. Excellent job hours and pay are provided based on the merit and prerequisites of the person, along with his/her access to modern equipment and a stable network connection.

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10. Blogging:

Another source of incoming money by making people aware of the current affairs, as well as providing critical and technical information is through blogging. Many blogging websites and companies have been set up to garner knowledge about various fields, places of interest, and activities, and distribute it among the common public.

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Artists, comedians, and showrunners can portray their talent directly to the audience utilizing these platforms. Companies are always in the zone to recruit experts on blogging – be it for medical, engineering, or any other corporate field.

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Even government agencies are also actively recruiting advanced skilled bloggers and other content writers. A major precaution of this is not to incite any kind of communal hatred or distribution of false propaganda among the general public – which can have severe detrimental effects.

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11. Technical Education Classes (Offline And Online):

People love to eat and gouge upon their delicacies without ordering them every time, some of them learn to cook. Cooking classes have been of importance-especially during the pandemic lockdown. Millions of cooking institutes are there that provide both online and offline cooking courses at a very nominal cost – teaching different varieties of cuisine, ranging from Indian to Chinese to Continental style of dining.

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Education is one of the most convenient sources of earning revenue, as well as a great social and moral duty. It requires negligible investment in currency terms, but if you are an intellectual and a skilled teacher, this is the job for you. Once a name has been made, it can be further elevated by establishing coaching centers for in-house tuition provision to a large number of students.

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Educationists are always in the demand as more and more youth are getting schooled day by day. Both online and offline forms of education can be provided to the students, by charging nominal fees per month. Online coaching is also a very effective way of doing business and welfare at the same time.

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Many students from remote parts are not able to physically attend classes, but education and activities can reach them through online mode. Online platforms like Zoom, Microsoft Teams, Unacademy, etc. can be used as well as a skilled professional is needed to coach them.

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12. Music And Dance Classes:

Music is an integral part of society and the state of Punjab has produced innumerable gems in the musical industry. There is a high knack for both classical and western music among the students, and therefore with minimum capital investment, all you need is a skilled teacher and motivator to invoke the voice of Goddess Saraswati amongst the students.

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Apart from music, the state has furnished superior dancers as well; and more and more dancers are on the rise, owing to a huge enthusiasm among the youth. If you are a brilliant dancer or choreographer or can furnish one – to teach both classical and western dance to the students, then this is a low funding but promising opportunity for you.

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13. Wedding Planners/Catering services:

“Jodi to uparwala banata hain” but all the organization is done here. When it comes to planning a spectacular wedding ceremony, wedding planners are the people you would want to contact. They must have a formal certificate and adequate crew to flourish their trade. The wedding planner must fulfill every wish posed by his/her client.

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Precautions include proper registration of the crew members signing up for the company, which can otherwise lead to illicit consequences. Be it a wedding or any other occasion, a catering service is the most important element when it comes to feeding a hundred or a thousand people. All arrangements of food, beverages, chair, tables, and many more items are organized to cater to the guests’ needs.

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Needs are of course – a friendly and sincere workforce, as well as maintenance of hygiene when it comes to serving food. Once a reputation has been established and quality service is assured, you will feel short of breath tending to the attracted customers.

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14. Salon/Beauty Parlour/Boutique:

Today’s youth as well as the elderly are keeping up with modern trends in style and fashion, and therefore salons and beauty parlours have been ramping up their profits substantially. Prerequisites include a wonderful skillset of workers and moderate funding for buying cosmetics and other accessories; to make the audience presentable and well groomed.

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Apart from regular A-grade customers, the significant earnings of the salon come from wedding ceremonies. Therefore, it is an industry worth thinking about. Women tailor, having sensible fashion design and likeability to sew clothes and dress up the society; boutiques are the apex choice for them.

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Modern machinery and raw materials are essential for the start-up. Funding can be generated in-house or through various collaborations with textile and other cosmetic brands and complexes.

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15. Placement And Consultancy Services:

Organisations and corporations are always in search of fresh recruits for commercial operations and development, which is why human resources (HR) are rising at a rapid pace. Good contacts both in and out of the corporate world are very necessary to provide skilled personnel to the companies. The target should always be focused on freshers as well as experienced employees, who intend to transfer their jobs from one field to another.

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Every other organization needs expert advice to continue the smooth running of their businesses, and therefore, someone with expert knowledge of the current market, IT, finance, HR, or any other field, can collaborate with them and provide consultations to the clients in exchange for large sums of money. Mental assessment of profiles, client satisfaction, B2B marketing portfolios, and specialized knowledge is necessary to excel in this field.

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16. Drop-Shipping:

Is a business where third-party dealers shop and ship stocks to clients instead of you doing the dealings. If you have a thorough knowledge of marketing and advertising, you can tie up with e-commerce giants like Amazon, Flipkart, etc.- significantly increasing the chances of revenue making with minimal investment but quality service commitment.

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Producing materials and ensuring proper storage of the same, managing inventory, shipping, renting space for your business, and also handling the daily operations of a business is too much for an entrepreneur to manage.

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Hence, this is the ideal business for you.There are a lot of scopes when it comes to online drop-shipping as a wide range of businesses from jewelry to garments and other accessories make use of this sector.

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17. Bakery:

Punjabis are always known for their love for food. If the agriculture-based industry is something you want to avoid getting meddled into, then a bakery is the best option for you. Pastries and bread items are always in the demand – be it birthdays or any other occasion, even for some change of taste.

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If you are a culinary expert and have excellent taste in these delicacies, maybe this is the best option for you, in a limited investment. A sturdy workforce, creative thinking, and magic with the bread can set your shop on the right track, but large-scale commercialization needs quality service, time, and of course, positive word of mouth.

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Even customized cakes and bread draw a lot of hungry consumers. Apart from regular outlets, you can also try a new variant of the online bakery system to deliver food to hungry mouths.

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18. Selling Handmade Goods/Personalised Gift Store:

If you are an artist and an inventor, you have come to the right field. The DIY business of making soaps, candles, pottery, and other delicate goods has come a long way, requires minimum investment, and can generate significant amounts of profit.

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All that is required is a terrific skillset in these categories, along with good contacts with local as well as other transportation agencies for mass distribution. Strong word of mouth and quality assurance will potentially attract customers having fine taste in such curios.

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The handicraft industry has received financial and organizational assistance from the Indian government, therefore, paintings, metalware, shawls, carpets, etc. are being sold at government stores in every city. Crafts like these can be created by incorporating a skilled workforce, raw materials, and modern machinery setups if you have a true artistic vision!

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Have a knack for fashion styles and creative thinking? You are in the right business. Personalized items have gained popularity over time, and such a start-up will fuel your revenue as well as attract potential customers. The only thing needed – is your artistic skills and others who share the same vision.

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19. Gyms:

After the pandemic, people have grown ever obsessed with maintaining fitness and hygiene. They are in constant search of fitness centers and other areas of physical activity. Sports is always a viable option, but there are a lot of people who are obsessed with muscle and physique building. To cater to their desires, you can start small-scale gymnasiums.

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The gyms will be furnished with modern equipment, as well as numerous skilled trainers to help shape the client’s physique according to his or her desire. Even bodybuilding shows can be promoted and organized by your gym in collaboration with different sports brands, local authorities, and other fitness centers. Finally, strong word of mouth will bolt your gym into action, generating massive amounts of revenue.

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20. Medical Shops/Courier Services:

There are lots of diseases out there in the common world, and new pandemics are coming every single year. Medicines are always in high demand, and therefore a medical shop is a choice of business you can go for. A skilled workforce, well-stocked medicines, and proper equipment will bolster your chances.

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Collaborating with a doctor and setting up a private clinic will also result in commissions and other forms of revenue. People require medicines, and medical equipment every single day - be it in residences or hospitals. If you have proper automobile and time control skills, you can start your courier service. Commercializing the same requires time and skilled personnel.

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21. Book Stores/Online Bookkeeping:

Education is of paramount importance, and the best way to deliver that is through books. Bookstores are always in the demand for students and other intellectuals, and therefore, are lucrative business opportunities. Well-stocked books, magazines, expert workers, and positive word of mouth are essential for the flourishing of the business.

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Tie-ups with other publishing houses and book marts lead to the scalability of the business explicitly. A knack for story books has not gone down but has tripled many times over with the spread of education. There are also provisions for e-books and magazines, and therefore, your bookstore website might take care of it.

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Online bookkeeping has become the most effective form of store management today. If you aspire to be a bookkeeper and have expertise in accountancy, this is an advantage for you.

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Conclusion

Patiala is an academic hub; hence lots of students live here. Densely populated, along with a very diverse market has given rise to plentiful opportunities in the region. Funding is also available from both the local and state bodies. To flourish the business, you should have the technical know-how and be alert to the market.

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Curiosity to improve every single day and creative and commercial thinking will lead you to convert a small-scale business to a fully grown enterprise. Moreover, you can also make use of the Fynd platform, which is trusted by thousands of business enterprises.

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Fynd is an e-commerce platform, with which you can buy and sell all the tools and products that you have set up at your own regular pace. Any newbie can set up their business website and start selling their products by using the Fynd platform.