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Creative Businesses That You Can Start

A slew of business opportunities have surfaced in the market that aspiring entrepreneurs are swiftly grasping.
BY Jaspreet Kaur
Feature Writer, BusinessEx
Oct 14,2020

The entrepreneurial niche is rapidly changing. Owing to the crisis, many traditional businesses have become outdated, in turn, giving rise to tech-enabled businesses. A slew of business opportunities have surfaced in the market that aspiring entrepreneurs are swiftly grasping. 

If you are innovative and seek creative business ideas, then here is a list of creative business ideas that you can start instantly. 

Tiffin Services 

Several people migrate from villages to cities every year in a bid to realise their dreams. They leave their villages and move to metropolitan cities either for higher education or a job. While doing so, they invariably look for homemade food. 

If you have good culinary skills and prepare delicious homemade food, then use this skill. Offer homemade food to people at reasonable cost. 

According to KPMG's report, the Indian Food and Beverage (F&B) services industry is one of the most vibrant industries to witness rapid and unprecedented growth over the past year. The industry significantly contributes to the nation’s economy and has been the frontrunner in terms of attracting investments. 

Here are some food businesses that you may be interested in. 

Handicraft Business 

The Indian handicraft business is quite prominent not only in the country but in other foreign countries also. Besides attracting foreign clients, you can sell handicraft items on the internet. For that, you would have to create an online site. It is a labour intensive business; you can easily ascertain workforce in cities and villages. 

According to Statista, India exported handicrafts worth over INR 128 billion in fiscal year 2019. This was an increase compared to previous year where it stood at approximately INR 118 billion. This indicated a growth of over nine percent.

Here are some SME business opportunities that you would be interested in buying.  

Event Planning Business

Despite the ongoing pandemic, normalcy is returning in the Indian market. Parties, weddings and other commemorations have resumed, in turn, raising the demand for event planners anew. Event planning primarily helps to manage all things at one place and within the decided budget. Through this business, you can show your creativity, increase aesthetic aspects, and meanwhile, earn a hefty income. 

According to Statista, the revenue of the organized events industry was estimated to be more than INR 100 billion in financial year 2021, up from around INR 66.1 billion in financial year 2018.

Besides initiating an event planning business, if you can purchase one then here are some event planning businesses.

Florist Business

Nurturing flowers and intermixing them with one another, in turn, giving rise to a new breed. Such activities are done by florists mainly or people interested in gardening and other allied activities. If you fall in the latter category then it is the time to buy a florist business. 

Like other businesses, florist businesses would be impacted by the pandemic. Rather than starting your own business, it is better to purchase an existing one. 

According to Business Wire, the Indian floriculture market was worth INR 130 Billion in 2017. The market is further projected to reach INR 394 Billion by 2023, at a CAGR of 20 per cent during 2018-2023.

Here are some florist businesses that are looking for buyers. These businesses would be apt for you. 

Waffle and Coffee Cafe 

In recent times, western deserts such as waffles have become popular amongst millennials. Coffee houses often offer waffles, cupcakes and muffin along with beverages. This has become a novel trend amid cafe's offerings. However, everything abruptly ceased when the pandemic striked the market. 

Now, it is the apt time to purchase Waffles and Coffee Cafe. You can transit strategies of the cafe to get accustomed to the new normal. 

According to TechSci Research report, coffee shops or cafés market in India is projected to grow at a CAGR of over 11 per cent during 2016-2021, on account of the growing coffee culture among the young population, increasing urbanization, rising disposable income levels and changing eating and drinking preferences of consumers. Changing work patterns of business executives is also driving demand for such coffee shops or cafés, as these outlets offer services such as free Wi-Fi, entertainment zones, etc.  

Here are some cafe houses that you may be interested in purchasing. 

These are some creative business ideas that you can follow. If you know any other creative business ideas, then share with us in the comment section below.

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