A 2016 report from DTI reveals that micro, small and medium enterprises (MSMEs) account for 99.57% (911,768) of total establishments. Wow. If that doesn’t convince you how popular small businesses are here in our country, I don’t know what will.
The more important question though is, why do they prefer small business? For starters, it’s simply easier to launch and manage given the smaller scale. From capital to manpower, a small business requires less resources versus launching a large-scale venture. Not to mention the lower risk involved.
Eager to get in on the action? Let our extensive list of 100+ small business ideas kickstart your dreams of having your very own business.
1. Wi-Fi Hotspot Services
2. Vending Machines
3. Street Foods
4. Freelance Business
5. Smart Home Automation & Home Security Systems Installation Services
6. 3D Printing Services
7. Photography & Videography Business
8. Junk Shop
10. Entertainment Booths