Business under 10 lakhs in nepal

Small and smart businesses are soaring up in the Nepali market, Many people are benefitting through such small investments and capital. Since not everyone has the capacity to invest in huge businesses and manpower in Nepal, a lot of entrepreneurs have lots of ideas that they can play with. With the right idea, anyone can grow eventually and have a well-established career in the business sector as well.

Starting a startup business is an exhilarating journey filled with numerous challenges and opportunities. To kickstart your venture, you should begin with a compelling idea that addresses a pressing problem or need in the market. Extensive market research is essential to validate your concept and understand your target audience’s pain points. Once your idea is solidified, create a comprehensive business plan that outlines your goals, strategies, revenue model, and financial projections. Consider the legal structure of your business and register it accordingly, possibly seeking legal advice.

Funding is a critical aspect; determine how you’ll finance your startup, whether through personal savings, loans, investors, or crowdfunding. Develop your product or service, focusing initially on a minimum viable product (MVP) for testing in the market. Building a strong brand identity and implementing an effective marketing strategy are vital for reaching your target audience. Recruitment of a skilled team, defining roles and responsibilities, and setting up sales and distribution channels follow suit.

So in this article, we will be looking at the top business under 10 lakhs in Nepal

List of Business under 10 Lakhs in Nepal

Coffee shop

Online clothing shop

Liquor shop

Beauty parlor

Coffee shop:

Cafes and coffee shops are now such stable businesses and are growing vastly in Nepal. The major expense in a coffee shop is the coffee machine itself and within a budget of 10 lakhs, one can afford a general nice space with an employer as well. With a nice ambiance, a coffee shop can be a great place to hang out and have lunch, so coffee shops can be great business options as well.

Online shop:

Online shopping is another best recommendation, for businesses under ten lakhs. Mind you, we don’t recommend a heavy opening with full stocks but can start from affordable businesses like gifts, fashion items, stationery, DIYs, and many more fun ideas. Starting an online business might be costly depending on what type of business you’re thinking to start but since online shopping is convenient, there’s a high chance an online shop can be a good startup.

Liquor shop:

A liquor shop can be a good investment within ten lakhs with an increasing demand for beverages and alcohol. The business is a profiting business for which one must obtain a license in order to sell alcohol. Getting an alcohol stock under ten lakhs is possible, if we plan out our stash according to budget. There are expensive foreign liquor that can cost very high as well as local products as well. So a liquor shop can be worth investing in for a good business.

Beauty parlor:

Another option can be a beauty parlor or hair salon for another business idea. There are multiple Beauty classes hair saloon training, manicure, and pedicure, and nail art, makeup classes for those who are interested in such fields. A humble beauty parlor can be worth an investment since glamour and fashion is so much popular worldwide. A beauty parlor or makeup studio can be fitted within the budget with not much heavy machinery and equipment.

These were our top recommendations on the best business under 10 lakhs in nepal. These aren’t rankings since all of them can be beneficial based on different choices and individuals. Check out more business content on our website.