With lakhs of young Indians losing their jobs and receiving hefty pay cuts amidst the COVID-19 pandemic, self-sustenance has become the need of the hour. It is in such dire times that the greatest of business ideas are often born. Looking to take the less beaten path and start a business of your own?
To get your entrepreneurial juices flowing, here are the seven most viable post-pandemic business ideas you can pursue even with limited resources and a small business loan.
7 Best Post-Pandemic Small Business Ideas for Indians
1. Masks
Given how masks are in huge demand and are going to remain so for a while, opening a mask business is one of the best small business ideas post-pandemic. If you have a sewing machine at home, you can immediately begin your business in lockdown by sewing a small number of masks.
If you have even the tiniest artistic bend, let it work its magic on specially designed masks. If you aren’t much of a visual artist, you can always get a friend to join you.
2. Medical supplies
This includes everything from gloves and surgical gowns to PPE kits. It’s an evidently booming industry globally. Our own country has a booming Rs. 7000 crore PPE industry, with around 4.5 lakh kits being produced daily.
Setting up a small surgical gown production line or a glove manufacturing facility will cost you around Rs. 40,000-50,000, which can easily be taken care of with a small business loan. With sanitisation and protective gear becoming a way of life, this industry has a sure shot way to success even after the pandemic is over.
Soaps, hand wash liquids, sanitisers, etc., have perhaps been used more this year than any other year in the 21st Century. The demand for sanitisers has risen 100 times. The habit of frequently washing and sanitising our hands is here to stay, and there lies your small business idea.
People in India have already been toying with this idea by starting home-based production of soap with as little as Rs. 20,000 of investment.
4. Consulting
This is the one small business idea in India that you can pursue during lockdown while sticking to your existing field or industry. A lot of talented professionals are losing their full-time salaried jobs. However, there is a new industry that has opened up for freelancers and consultants.
Companies are looking for more skilled freelancers as they come with lesser administrative and financial efforts. It is the right time to leverage your expertise, be it in management, marketing, or anything else. The best part of this business is that you don’t need financial investment.
5. Online teaching
This might be one of the most preferred new business ideas after COVID-19 in India, thanks to its ease and accessibility. People are becoming not just more tech-savvy but also more EdTech-savvy in the lockdown. You could finally put your music skills, cooking skills, or even business expertise to use by sharing it with others. It is very easy to put up an online course. You can do it through an online course marketplace or even create your own website with a minimal subscription model.
6. Food
With an investment of under Rs. 50,000, you can explore a lot of small business ideas such as your own lunchbox service, snacks packet sales, dessert shop, cake shop, or even Ayurveda snack store from home. People are now more wary of ordering from bigger brands and risking contact with multiple people, hygiene issues, etc. Boutique and homemade food brands and healthy eating are the next big thing.
7. Doorstep delivery service
During the COVID-19 pandemic, many businesses migrated to the digital space. This move has fuelled a massive demand for delivery services that can deliver food, groceries, or any other commodity efficiently at the consumer’s doorstep. Also, since most people have now become comfortable with the idea of ordering stuff, you’d already have a large customer base to cater to if you decide to invest in this business. All in all, it’s one of the best post-COVID business opportunities in India.
You may have lost your job or received a pay cut. It might seem like the end of the world, but it could also mean the start of a new, better life. Need some monetary help to kick-start your own business? Tata Capital’s Unsecured Business Loans are here to give wings to your business aspirations. Enjoy customised loans, flexible repayment options with attractive business loan interest rates and easy processing at Tata Capital today.
14 September 2020
4 mins read
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