Tag: Young Entrepreneurs

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Startup

Business Ideas for Young Entrepreneurs: 5 Low-Cost Business Options That Aspiring Youngsters Can Take Up to Enhance Their Skills

Business Ideas

Every person, who aims to be a successful businessman in his life, desires to have a business that really does well in the market and has a unique brand identity. However, if you are young and want to explore the business ideas that you have in mind, this is the right time! The classic example of starting early is that of Mark Zuckerberg, who started Facebook as a teenager and grew it into a multi-billion dollar industry over the years. There are many low-cost business ideas for students and young entrepreneurs which one can get their hands on!

  1. Start your own YouTube Channel and promote brands

In this online world, starting a YouTube channel can be easily done without any hassle. All you need to do is use your mobile phone and skills to shoot a video. You can easily make and edit short videos with your phone. Just be creative. You can make videos that are comical, dramatic or unusual that the world would want to know about. Companies need teenagers and students to talk about their products on camera. You can approach these companies with short video samples that you have made.

  1. Offer language translation services

If you are a pro in languages, this is certainly your thing! There are companies that wish to expand in other countries. They are usually ready to pay people who can speak those languages. So if you are good at languages and have the skills, you can make good money from this by offering language translation services to individuals and companies.

  1. Become a fitness trainer

Crazy about fitness and exercise? Don’t waste your skills by just not doing anything about it. If you are a fitness specialist, who has a hang about a lot about the human anatomy, the gym and other things, then this is for you.

  1. Be a music teacher

If you are a fan of musical instruments and love playing them, you can teach others too and spread the good vibe. People these days are very much interested in taking music classes. You can start by teaching a few daily and then go on to starting your own freelance music training school. If you want to take your teaching skills online, you can make short video lessons that you can sell online for a fee.

  1. Become a tutor

If you have loved a particular subject in school and you are still fascinated by its facts and theories, you can revisit those books again, but this time, by teaching others. Yes, if you have knowledge of a particular subject, you can earn you good money as a teenager or student. Your knowledge of any subject can fetch you good money.

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Startup Technology

Humsafar, an App-Based Doorstep Diesel Delivery Service Provider, To Help Startups Become ‘Fuel Enterprises’

Fuel (Photo Credits: Pexels)

New Delhi, September 15: Humsafar, an app-based doorstep diesel delivery service provider has introduced its support services to help aspiring fuel entrepreneurs. This unique opportunity will help the startups to be a part of one of the biggest disruptions in terms of fuel marketing in the Oil industry – Diesel Door Delivery (DDD). According to a report by IANS, Humsafar plans project support from scratch to complete fruition to new start-ups of doorstep diesel delivery. The plan includes setting up a company, fabricating bowsers, (oil dispensing vehicles) and setting up a tech platform for delivery of diesel at doorsteps in various parts of the country.

Sanya Goel, Co-Founder and Director, Humsafar was quoted in the report saying that Humsafar also helps start-ups market the service in the industry by partnering with other dealers and acquiring new customers.The opportunity the Doorstep Diesel industry provides is enormous, offering safe and legal alternatives to fuel procurement.

About Humsafar App:

  1. In less than four months, the Humsafar app, ‘Fuel Humsafar’, has crossed over 10,000 downloads on Google Play Store and has processed 20,000 transactions.
  2. The app has been customised to help clients and vendors manage their orders, drivers, tracking of the bowser, checking fuel capacity, stock management, advanced MIS.
  3. The report informs that Humsafar also offers a dedicated app, just for the Drivers, which allows them to track the user’s location, check orders, review order history, and manage stock, which in turn allows the vendor to view the driver’s performance and delivery status from time-to-time.
  4. Humsafar is currently servicing 24 states across India. The startup has also roped in 50 plus retail partners across 24 states.
  5. Humsafar is also looking to raise its first external investment and plans to launch B2C ordering by the end of 2020.

The mobile bowsers, popularly known as dispensing vehicles, are expected to supplement petrol pumps, changing the landscape of fuel procurement. Goel added saying that it’s great to see that most of their applications have been from the younger generation which speaks volumes of the entrepreneurial spirt among the youth.

The gross revenues of the startup stood at Rs 22 million in the year 2019-20, and by the end of 2021, Humsafar plans on targeting diesel delivery of 500 million litres. This will translate into a revenue of Rs 100 million.

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Startup

Starting Up a Business: 5 Things Young Entrepreneurs Should Know to Make Their Business a Success

Entrepreneur (Photo Credits: Unsplash)

It might seem hard to start to a business, but when the entrepreneurial project gets going, the brain behind it rejoices. However, in order to make your business a success, there are several things that you need to consider before you start your business. Young entrepreneur venturing into a new business, keep looking for ways and means to help them achieve their goals. Young entrepreneurs are at an age where they need a platform to prove their caliber. They want to run something of their own, create more job opportunities and be a part of the growing India.

Here Are 5 Things That Young Entrepreneurs Ought to Keep in Mind:

  1. Know your product: The first important thing before starting any business is that the entrepreneur should know in and out about his product. He should first, himself, know what is product is all about, how well he can pitch about it in the market, what is the demand of the product, and so many other related questions. A young individual will always know what is in trend and things that work in a market.
  2. Know your market: Understand who your target audience is! Before starting up a business, a young entrepreneur should very well understand what the need of the hour. Of course, there are other competitors in the market, so a beginner should consider all the risk factors before venturing into something new.
  3. Do what you love: Take your time and understand what you love. Let your passion be the driver for your product or service, which will always keep you motivated and get you going through the tough times. Before starting up a business, one should think with a calm mind as to what one loves because when you work on something that you actually care and love, you’ll probably be happy and make the idea a reality.
  4. Find a mentor: No matter how intelligent you are, you may falter! Hence, it becomes really important to find a mentor who can guide you and let you know when you go wrong. Find someone who can open your mind and share your ideas with. Surely, your ideas will be shaped in a better manner which will be easier for execution.
  5. Perseverance and Patience: The most important trait of any businessman is perseverance and patience. These 2 Ps go hand-in-hand and help people to get better and win laurels in their work. Once you have thought about an idea, don’t give up and work on it until you make it a success. For young entrepreneur, it is an added advantage that they have time, even if Plan A doesn’t work, then be ready with Plan B. There might be rough moments in your entrepreneurial journey but you have to keep working towards your goal.