Every business is profitable to start anywhere in the world, starting a new business in Chennai is easy compared to other parts of India.
Top 5 Reasons to start a business in Chennai.
1. Low entry barriers – As a metropolitan city Chennai emerged as a very good location to start any business at any scale due to acceptability, and healthy competitors, there is almost no requirement to worry about setting up new business in Chennai, you can rent an office, complete the registration required to start a new business in Chennai, hire staffs etc.
2. Wide options – You can start any business in Chennai, and success depends on how fast you reach your customers and retain customers, and in today scenario integrator like urban clap, just dial providing leads so you don’t need to worry a lot about finding your clients. Some of the best small scale business to start in Chennai are is restaurant business, any kind of home services, trading in garments etc.
3. Manpower – It is the best city in India in terms of availability of any kind of employees, Chennai is the city with best sources of all kinds of manpower, skilled, unskilled, technically qualified etc.
4. Level and nature of Competition – Competition is a major challenge in a city like Chennai for starting a new business, competitors won’t spoil your business in an unethical way, it is up to you on how you should beat your competitors in terms of pricing and quality. This is one of the main advantage and also a disadvantage this can flourish your business or ruin your business it is up to you to decide on the successful business strategy.
5. Price flexibility – Pricing is key for profitability for any business, and the city has a mixed population of price preferences, you can charge any price to your customers until you can provide value to the price you charge, there is always a customer looking for some preferences, quality etc. So decide on what kind of customer is your product is suitable and price accordingly. There is a large difference in starting a business in Chennai and suburban parts, in places other than Chennai you cannot make profits if your price is too high and there will be only a few customers looking for your products.
Some of the small business ideas to start in chennai.
1. Custom tailoring for women.
2. Breakfast kiosks.
3 Takeaway restaurant.
4. Online food order and delivery.
5. Organic food products.
6. Coaching centres.
7. Western food kiosks etc.
8. Travel agency.
9. Event management services.
10. Sports Academy.
11. Traditional snacks kiosks.
12. CSC along with mobile recharges, courier agency etc.
13. Juice shop along with ICE cream parlour
14. Traditional breakfast, lunch, dinner etc.