What is Entrepreneurship…. ?
Entrepreneurship is basically a practice that involves different steps including the designing and launching a business, usually a small business in beginning. The people involved in this practice of launching and running these small businesses are called entrepreneurs. Entrepreneurship is not an easy path. Very few people do this dare. In this journey, you may face some troubles and challenges. It may lead to failure, but you have to be courageous and consistent about it. Only then you can achieve your desired goal.
Do you know?
If we consider in terms of purchasing power parity, the economy of Pakistan is the 25th largest in the world, and 38th largest when it comes to nominal GDP.
Pakistan is the world’s 6th largest country with respect to the population.
Overpopulation is over 190 million and our GDP is $1,651 per capita.
- Are you wondering about how to start a small business in Pakistan?
- What are the investment opportunities in Pakistan?
- In which sectors of the Pakistani have the most potential?
- Do you need to start a business in a country like Pakistan with small savings?
- Which businesses are most profitable for you in the long term?
How will the Corona virus affect Pakistan’s economy?
So you can make tons of money if you invest in the right businesses So, I recommend you do some former market research before you start a business in Pakistan. If you have relevant experience and passion, then it will be plus points for you.
This era is of the internet. The Internet makes the world so small and reachable. You can do any research and online business from even your home.
Online Trading and Portals:
Online trade is a very simple idea of selling your product with a small investment. The main benefit of this business is that you can do it by sitting in your house. It is a very low budgeted work to do. All you have to do is to make a page on Facebook or any social media and promote it by sharing it with your friends. Once you will get hundreds or thousands of page likes. Upload and showcase your quality work on it. And remember one thing, always put a price tag or your products; it becomes easy for buyers to book their orders according to their budget. And then you have to hire a courier service to deliver your product to the buyer For example TCS.
You can start your very own online grocery mart, Party accessories, Baby products, clothing brand, Makeup products, etc.
Freelancing:
Freelance business is betting famous in Asian countries. International companies hire local freelancers for their projects because they gave them quality work in very low pay. Freelance business is a very moneymaking small business in Pakistan but it demands your effort and intelligence. Nowadays, people who can’t afford their expenses, like students for pocket money and housewives for saving, they do these kinds of freelance work to make some extra money. This business can be initiated even at your home. Just make sure you have fast speed internet and your grammar and sentence making sense are good plus your writing speed should be fast. If you have all these skills you can be a good content writer.
Makeup and Grooming studio:
It doesn’t need more than a room from your house. If you have an interest in makeup and you know how to do it well, so you can do it. All you need is just to have all the makeup products of high quality. Market it in a nearby location to get most of it or you can promote this on social media as well.
Tailoring:
It is a very famous and easy-going business. If u have interest in this filed and if u are fully skilled in sewing so you can definitely do this, Although any type can go well, ladies tailors are most sought after in Pakistan and good ones are always rare.
Baking on Order:
If you love baking and cooking you can do it in order for good money. You can promote your baking skills on social media, for example, you can make a page on Facebook for showing your baking skills to other people by showing them pictures of your food. You can give your phone number or email id to place the order. You just have to hire a courier service to deliver your order.
Photography:
If you love to take photos and shoot videos and you are good at it. Initially buy a DSLR and then gradually add some lenses. Take pictures of anything you like. If you love traveling, make travel diaries. You can start your own YouTube channel for vlogging and an Instagram account for blogging.
Teaching Services:
Teaching is a very popular method of making money in Pakistan. If you are educated enough to teach children and if you have skills to deliver a lecture in magnificent ways then there you go, it is your field. Now with the development of technology you can use skype or any video chat for teaching your students which are miles away from you. Online lectures and online counseling are very popular these days.
Dairy and Milk Business:
Starting a dairy business is a cost-effective business. I don’t think you can spend your whole day without using any dairy product. ‘Chai’ is considered necessary in Pakistan so you need milk for this on a daily basis. All you have to do is just to buy some cows and a supplier to deliver your products to the buyers.
Event Management Business:
Event management services are considered as one of the most cost-effective businesses in Pakistan. For some people, event management is a little bit tough task. You can offer your catering and decorating services in events. Advertisement is necessary to spread the word. Publish your cards and distribute in your friends and family. When you advertise your catering services people will contact you if they find your service reasonable.
Hostel for Students/Working Individuals:
If you own a building nearby Colleges/universities in a big city like Karachi, Lahore, Islamabad, Rawalpindi, etc. that’s how you turn it profitable. If you don’t own one, you can get on rent.
Day Care Center:
If you have an extra room in your house and you have plenty of free time and plus if you love kids, you can turn your spare room into daycare center where you can take care of kids of those women who work outside for making money and can’t take proper care of their child.
Driving Instructor:
Especially for women of Pakistan, most of them don’t know how to drive and they want to know so if you know driving and have a license, why not get into the business?
By learning the driving, you can also run an Uber car these days to earn a nice amount. Or if you have a car, you can also give it to Uber or rent. Nowadays everyone is facing financial crises and unemployment. Every person has his own family which he needs to run properly, and because of unemployment, they can’t do it. So, in this case, small business ideas can help you in making money and run your family the way you want to.
