Pretend you are in a land full of business opportunities, and you aren’t sure what you should do now. Seems similar to your current situation in Bihar?
There are numerous business opportunities in Bihar if you are looking for one. But you need to select the best one for you.
Top Business Ideas for Bihar
You may have certain limitations such as distance, low investment capital, lack of space, and more. These are common problems and you are not alone in this.
So we have brought you the top 10 business opportunities in Bihar that can be done by anyone. Pick one of the below and you are set in your new successful business venture.
Beauty Salon
Earning potential: High
Competition: High
Opening a beauty salon is one of the profitable business opportunities in Bihar. It is a growing market that seeks salon treatments. Either, you can either join hands with a beauty franchise or open a popular brand store. Or, there is always a space to create your own name and brand.
Hiring beauty professionals that are trained and experienced will come in handy. You can also market beauty products of several popular companies such as Lakme, Maybelline, L’Oreal, to name a few.
In places such as Patna – the capital of Bihar and Gaya too, you will find your beauty salon business to be thriving.
Transport Business
Earning potential: High
Competition: Medium
Opening a transport service company is one of the great business opportunities in Bihar. Start with whatever vehicles you have and give them to rent. You can also purchase a previously owned vehicle and rent the same.
These vehicles you can rent for delivering food, vegetables, milk, and other utilities. There’s also a need for cab and bus services so you can be a supplier to that demand through your vehicles.
Tailoring shop
Earning potential: High
Competition: Medium
Opening a tailoring shop is a low investment business in Bihar. A sewing machine is all you need to start with. Stitch the garments that you get, and sew with your efforts or hire help, if possible.
You can always learn the skills of sewing and stitching before opening a tailoring shop. As the business grows larger and thrives, you can even offer your own designing services and maybe even open a boutique. The opportunities are endless.
Panipuri stall
Earning potential: High
Competition: Medium
This is one of the most popular low investment businesses in Bihar – opening a panipuri stall. People love panipuri throughout India, and any street in Bihar is a rich place to open a stall that sells panipuri.
Start off collecting the raw material needed to make panipuri. Also the machinery, before that you can calculate the total cost for panipuri making machinery. You also need the space to make panipuri. Collect the packaging you will provide to people at your stall.
You also need to decipher the product cost, how many panipuris are made in an hour. A place to sell panipuris also needs to be searched well enough that you have no restrictions later on.
Xerox And Printing Shop
Earning potential: High
Competition: Medium
Students, office workers, and any ordinary people require the services of xerox and printing machines. So opening a xerox and printing store, is a smart business to start in Bihar. Smart because it is low cost, requires relatively low investment, and will garner considerable profit throughout the day.
Location is an important fundamental consideration that you need to create by doing some basic market research. A location near a school, college, or a government office – these are golden areas for your xerox and printing shop to flourish.
Eateries and Restaurants
Earning potential: High
Competition: Medium
If you are looking for business opportunities in Bihar, start off with a small and cozy eatery or restaurant, a diner if you would like.
A Dhaba is a popular option if your location is beside a highway. Offering cheap, fulfilling meals to customers in a comfortable setting with several amenities will bring in loads of profit.
Location is a key part of opening an eatery or restaurant, as well as the raw material, equipment, and help expenses. You need to consider the rent of the place and your budget. An eatery can measure its success by how many customers it receives on a regular Monday night.
Tutoring services
Earning potential: High
Competition: Medium
Opening a tutoring services center is one of the top businesses to start in Bihar. If you can not provide offline, real-world tutoring services, there is always the opportunity to open a tutoring service online.
YouTube is a free platform and students are always on the look for resources that will best help them to understand resources well. Your tutoring services may start from the basics – such as primary level and range up to the highest competitive exams such as IIT JEE, UPSC, etc.
Bread Making & Bakery
Earning potential: Medium to High (Depends on the market)
Competition: Medium
A bakery venture can be a low investment business in Bihar, and bring you considerable profit. In cities such as Patna, you can open a bakery store that sells pastries, pieces of bread, and confectioneries of all kinds.
If you are thinking of something a little tamer with low investment – then just sell low-priced bread.
There is a great demand and market for all kinds of bread – white, brown, and fruit being the most popular ones. Especially if your business area is somewhere remote and not particularly urban, opening a bread-making store would be your best bet, rather than a bakery.
Fish Cultivation
Earning potential: High
Competition: Medium
The aquaculture industry is a flourishing business opportunity in Bihar. You get to enjoy incentives from the state government – 50% of the capital – to create ponds. As you can expect, this led to a rise in fish farming that is turning out to be very lucrative. A small business idea that is attracting entrepreneurs right now.
There are of course expenditures and equipment along with help you need to hire to create ponds and chemicals that are required to cultivate fish farming.
But the projections of the business are positive. Efficient pond care, as well as market research and consideration, has to be done on which species of fish you plan to introduce to your pond.
Computer Education Center
Earning potential: High
Competition: Medium
Opening a computer education center is a great business to start in Bihar with low investment. You are contributing to the technological education and growth of Bihar as well.
Computer education is in an all-time high demand right now. Learners are seeking guidance, especially with the literacy rate of the state rising. You can begin teaching basic computer education yourself. In addition, you can also call upon fellow professionals for help in return for compensation.
The term low investment along with computer education might shock and amuse some people but most computer education centers begin with just 3-4 computers.
As the student number rises up, you can come up with flexible schedules and invest in new computers. You can also encourage pupils and grown-ups to bring their own computer to the center.
Final Words
Some other business opportunities to start in Bihar with low investment include opening a tire store, papad making, wheat mills, pickle making, fruit juice corner, among others. The state’s economy is on an upward trajectory and that calls for more businesses to rise up. This is perhaps the best time to open a business in Bihar.
First comes the market research. Look at what your desired market area needs when it comes to businesses, products, and services.
Craft a mindful business strategy, determine what you can invest and what your expenses will look like, consider options for marketing and promotion, and then build projections and goals you seek to achieve. These are the fundamentals a small business owner such as yourself needs to consider before opening a business.
