5 Small Investment Social Business Ideas That Can Make BIG Impact

With entrepreneurial bug feeding big on young population’s aspirations today, it isn’t really surprising that you want to venture your own small investment business in Mumbai, Delhi, and other metro cities.

Surprising would be, if you didn’t!

However, if you’re looking to make an impact on people’s lives, barely would a clothing or stationery business help you there.

Here are 5 social business ideas that requires less investment and also help make lives better-

Recycling and waste management

The need for recycling and proper waste management has never been this important before. The world is more conscious about environment and the topic of sustainable growth is at the epicenter. The business can’t fail you to make an impact on society.

Teaching institute

Help the next generation of game-changers. Start a teaching institute; provide education to less privileged at low or no fee.

Selling books

Start a bookstore (that’s how Amazon was started btw). Sell second hand books, and books that are of social importance. Make sure they are priced cheap and are accessible to the ones who needs them. You can even venture your own library. 

Full-fledged gym

Help people live healthier and happier life. Start a full-fledged gym; have all the equipment; arrange for good trainers. Ensure whether women, men and even kids, all are having fun. 

Advertising agency

Advertising agencies play more important role than what’s traditionally believed; particularly in this digital importance. The right kind of ads with correct social message can easily reach to the target audience much quicker and have much deeper impact.

These are 5 simple ideas for small investment business in Mumbai that has social and wide impact on people’s lives.

Need capital? Today raising fund or getting loan is much easier. You can find many good financial service providers in the country; service providers that offer currency trading, brokering service and business loans all under the same roof. Lookout for suck financial company.

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Applying for Loan for Small Business – 3 Things to Remember

If you are planning to set up a small business, a startup loan is what you will need in order to ensure the success of your business. You can find many lenders in the market which provide small businesses with these loans and have different types of loan requirements for borrowers. Prior to applying for a loan for small business in Mumbai, it is important for you to do the following 3 things.

Check The Eligibility Criterion

Make sure that find out whether or not you are eligible for applying for this kind of loan. Each lender has a specific set of criteria for approving borrowers. Your credit history will be checked in order to ensure that you are qualified. In case of any discrepancy, it is quite possible that your application will not be approved. Make sure that your credit balance is a minimum of 20 – 30% of your total credit limit for obtaining the approval from the lending organization.

Check Your Debt – Income Ratio

You also need to supervise your debt to income ratio. The income should be greater than your debt amount. In case the income is lower than the debt amount you are supposed to repay, there is likelihood that the lender might reject your application for the loan. This is not something that you would want.

Prepare an Appropriate Loan Package

Prior to applying for a startup loan from any of the financial services in Mumbai Company you should prepare the right loan package in a proper manner. The type of package that you prepare should consist of executive summary, the business plan that you have and also the proper monetary projection of the previous 4 – 5 years. You should also keep in mind that you should add concrete proof of registration for your business along with the loan application.

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