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Tag: become Entrepreneur

  • How to Start a Painting Business in India: Top Wall Painting Business Ideas & Tips

    Freshly painted walls can completely transform a home, and we often see this magic on TV shows, videos, or movies. While many admire the results, few have the patience, skill, and dedication to make painting a full-time profession. If you enjoy working with colors, attention to detail, and creating beautiful spaces, starting a painting business could be a rewarding venture. Starting your own painting business can be a great opportunity to be your boss and become an interior designer. It’s not as hard as you think by looking from outside.

    Determining how to start a painting business does not need to be a challenge, but there are a few considerations. This guide was made for painters who already know how to paint but want to start a business of their own. Here we will discuss step by step process of how to start your own painting business.

    Reasons Why You Start Painting Business
    How To Start A Painting Business in India?
    How To Get Your First Painting Job
    Advertising Your Painting Business

    Reasons Why You Start Painting Business

    Painting Businesses Demand

    The painting and wall covering market is growing steadily. It is expected to increase from $222.86 billion in 2024 to $229.73 billion in 2025, growing at about 3.1% per year.

    This implies that painters are in pretty high demand. You have the potential to make a good income when your business will be established. You can specialize in your painting such as faux painting, special finishes, and historical painting. You can offer services like making wallpaper for extra income. You can target the homeowners, builders, and interior designers. Find flickr services that need painting services and being a long-term client. This will help you establish your business.

    Painitng Business Market Size
    Painting Business Market Size

    Be your Boss

    This is more than anything. You will become your boss and starting your own painting business. One of the big benefits of the entrepreneurism is that setting their schedule, building the business the way they want, and set hours you want to spend.

    Getting Started is Easy

    You do not need any high education or various certification like other businesses. You can start this business in your home. As per time passes demand for interior designers is increasing to decorate homes or any office building you can get clients frequently.

    Low Capitalism

    Opening a painting business does not required a huge amount of money or investors. You need not store many types of equipment like carpenter and plumbers. Here your output and patience are important as you give hard work you automatically get your profit.

    Clients Pay More

    The more specialized your painting skills get, the more you can charge for your services. Learning specialized painting styles and techniques could help you make money more.

    How To Start Painting Business in India?

    Below are the steps for starting your own painting business in India:

    How to Start Painting Business in India | Steps to Starting a Painting Business
    How to Start Painting Business in India | Steps to Starting a Painting Business

    Market Research & Planning

    Start by choosing your niche, like decorative painting, industrial coatings, or eco-friendly services. Do some market research to understand what types of paint and services are in demand in your area. Then, make a simple business plan outlining your services, target customers, pricing, marketing, and expected finances to guide your startup.

    Business Plan

    A clear plan is always gives reward. It will figure out the specifics of your business and discover some unknowns. It will create a mission for your business that how you will go forward and what are the things you must consider for starting this business. There are ton of advantages to a business plan. Your business plan doesn’t need to be overly complex or detailed, it can be long or short as you want, so long as it covers a few basic elements.

    • Good business planning if done right connects the dots in your business so you get a picture of the whole.
    • Startups and small businesses need to focus on their special identities, their target markets, and their products or services.
    • Business planning helps you keep track of the right things and the most important things. You must allocate your time, effort, and resources strategically.
    • Good business planning helps in how will you invest your money. For what purpose and how much money should you give is getting help from a business plan.

    Register Your Business

    Any company can be defined as a legal entity which is under law. Anyone can start a business but for that registering your business is an important part. Formal business registration with the state or local government is not necessary to complete business transactions, There are also legal and marketing advantages to registering a business name. When you have to decide to start a company, there is a huge process of executing pre and post-registration to ensure smooth functionality.

    There are several benefits of registering a business:

    • Opening a bank account
    • Help from Start-up
    • Fundraising ability
    • Establishment of equity
    • Free and easy transferability of shares
    • Legal entity
    • Limited Liability
    • Taxation
    • Successive succession
    • Ability to sue and vice versa
    • The following complaints
    • Property Owner
    • Multiple Relations
    • Buyer requirements
    • Business sales

    Painting Business License

    Every state has different requirements for a paint business license. Licensed painters have many state, city, or municipality requirements for providing a job. They know the proper use of materials, tools and equipment, surface preparation, and safety when performing the job. Every licensed painter is required to be bonded which means that it is an agreement that binds the contractor to cover the losses by a property owner if the project does not complete according to the contract specification.

    The main benefit of hiring licensed and bonded painters is that it will give you peace of mind in knowing that the painting job will be completed successfully.

    Licensed painters will required to know the four major sections:

    • Planning and estimation
    • Substrate repair and surface preparation
    • Application of paint and finishes
    • Safety

    These are qualities that will positively impact the quality of service a painting contractor will provide. State licensed painting contractor provides you with the benefits of working within the law.

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    Painting Equipment

    When it comes to painting tools, it is the most important thing without this you cannot do anything. There are many painting types of equipment in market that are cheap and also affordable.

    “One of the easiest things to remember about paint tools is that you get what you pay for” – Lou Manfredini

    Some necessary painting equipments are given below:

    Painting Equipements
    Painting Equipements

    To start painting jobs efficiently, you’ll need wall cleaner, painter’s tape, brushes, and rollers, along with cloth drop cloths, paintbrush cleaner, clear plastic buckets, and roller trays. Additional essentials include a roller extension pole, sturdy ladder, touch-up tools, pre-mixed spackling, putty and taping knives, flexible sanding sponges, and fiber mesh tape to ensure smooth, professional results.

    Get Insurance

    Protecting your painting business with insurance is essential. General liability insurance covers accidents or property damage on the job, while professional liability insurance protects you if your advice or services cause a loss. If you hire employees or subcontractors, worker’s compensation insurance covers medical costs and lost wages in case of job-related injuries. Having the right insurance not only keeps you safe but also shows clients you are professional and reliable.

    Set Your Pricing

    Figuring out what to charge for painting services can be tricky. You can charge by the hour, which is simple but can make the final cost unpredictable for clients. Per square foot pricing is easy to understand but doesn’t account for job complexity. Project-based pricing gives a flat fee upfront, so clients know the total cost, but you risk underestimating time or materials. A smart approach is to give a price range and discuss the client’s needs and budget to agree on a fair rate.

    Operations & Marketing

    To grow your painting business, start by creating a strong brand with a memorable name, logo, and consistent marketing materials. Build a website to showcase your services and attract clients online. Promote your business by reaching out to local contractors, hardware stores, and using online marketing. As your business expands, hire skilled painters to take on more projects and maintain high-quality work.

    How To Get Your First Painting Job

    • Talk to friends and family
    • Ask for referrals
    • Door to door marketing
    • Craigslist
    • Networking
    • Mass marketing

    Advertising Your Painting Business

    Advertising is a promotional activity which aims to sell a product or service to a target audience. Product advertisements is an important first step in a product lifecycle. Advertising allows you to show your business against your competitor on public stage.

    Some advertising techniques:

    • Place Signs in Visible Areas
    • Deliver Advertising Materials
    • Use Local Advertising Methods
    • Use Social Media
    • Take advantage of online ads
    • Build a website
    • Design business cards

    Don’t Do These Mistakes

    • Not scheduling jobs in advance
    • Doing small jobs just for the money
    • Going to the paint store multiple times
    • Focusing on painting instead of growing your business
    • Not spending the time to find good people
    • Not properly tracking marketing efforts
    • Charging too little

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    FAQs

    How to start a paint business in India?

    Steps to start a painting company:-

    • Market Research & Planning
    • Business Plan
    • Register Your Business
    • Painting Business License
    • Painting Equipment
    • Get Insurance
    • Operations & Marketing
    • Set Your Pricing

    How much money do you need to start a painting business?

    At the beginning, your costs for starting a house painting business can be relatively low-on average, less than $2000.

    How much does a painting company make?

    A painting company make under $100,000 a year.

    What equipment do I need to start a painting business?

    To start a painting business, you’ll need basic tools like brushes, rollers, paint trays, and buckets, along with ladders or scaffolding for higher areas. Include drop cloths, masking tape, and safety gear like gloves and masks. Optional equipment like spray guns can speed up work, and don’t forget paints, primers, and cleaning supplies to complete the setup.

    Do you need a license to start a painting business?

    Yes, you may need a trade license from your local municipal authority, and GST registration if you exceed the turnover limit. Other permits depend on your location and type of services.

  • 9 Reasons Why You Should Choose Entrepreneurship Over 9 to 5 Job

    The possibility of beginning a company can be somewhat startling if not out and out scary. Still, there are numerous extraordinary purposes to give it a go. Nowadays, it is “simpler” than it ever has been to begin and maintain a business.

    Regardless of whether a person is bootstrapping his business or has an investment, it is currently more hazardous to rely upon employment. Enterprise is fit as a fiddle and here are a few reasons why everyone ought to consider diving in as well. There are many reasons to leave a 9-5 job and become an entrepreneur. Let us see the complete story on the topic- This Is Reasons- Why You Should Leave 9-5 Job And Become An Entrepreneur.

    1. Not Be Bored
    2. To Be Right
    3. To Be Appreciated
    4. To Make Money
    5. Become Your Own Boss
    6. Unable to Unwind
    7. Obsessed
    8. To Gain Knowledge
    9. Labeled a Rebel

    1. Not Be Bored

    If you get yourself effortlessly bored you know how others begin to view you as an issue. Nothing isn’t right with you aside from that you are exhausted with exercises that aren’t up to your potential and aren’t testing you. This absence of tests is the reason you loathed the vast majority of the classes you ever took. Take a gander at who dropped out of school to wind up distinctly one of the wealthiest men on the planet.

    2. To Be Right

    You need to demonstrate you’re not a maniac isn’t that so? Your companions called you insane, your manager thought you were whacked and even your mother said no chance is that going to work. Be that as it may, hello, you did it. You were RIGHT! Furthermore, now you can move around with your hands on your hips, nose noticeable all around, singing “I’m a business person…. I’m a business person….

    3. To Be Appreciated

    Manufacture your business, procure colleagues and take great care of them. You’ll be valued. Particularly on payday; and when you reveal to them they’re making an extraordinary showing with regards to; and when you give them a raise

    4. To Make Money

    The main motive when you think of becoming an entrepreneur is to earn money and if you become a successful entrepreneur you could earn a lot of money. This is one of the most important reasons to leave a 9 to 5 job and become an entrepreneur.

    5. Become Your Own Boss

    You may not see eye to eye with your manager, but rather you can’t fire him or her. As a business visionary, you will work for your customers, however, you can supplant and fire troublesome customers. Owning your own particular business will empower you to experience being in control of your own workday.

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    6. Unable to Unwind

    Dozing is impossible since you can’t kill your considerations. Your thoughts may even show themselves in your rest your psyche is never killed or on an excursion. The following morning despite everything you’re overwhelmed by the thought, diverting you from the employer should do.

    7. Obsessed

    You may have been named over the top since when you begin on something you have a troublesome time relinquishing it. Try not to give anybody a chance to persuade you this is a malady or insufficiency. Every single awesome business person turns out to be totally inundated in their vision — obsessed.

    8. To Gain Knowledge

    Regardless of whether this is one reason you set out to be a business visionary or not, your tank is presently brimming with information. One thing I’ve adapted, however: It’s greatly improved to have astuteness than information. This is also one of the reasons to leave a 9 to 5 job and start your own business.

    9. Labeled a Rebel

    The significance lies outside of the lines and limits of experts and you don’t think laws, approaches, and directions apply to you. You have been marked a rebel, a run breaker and would challenge gravity if you could.

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    FAQs

    Do entrepreneurs earn more than employees?

    Yes, but entrepreneurship is all about hard work and how successful your product will be in the market. But many entrepreneurs do make less money when they were an employee.

    Why are entrepreneurs better than jobs?

    You are your own boss. Entrepreneurs can work at flexible times which leads to a healthy life but entrepreneurs usually have high-stress levels.

    Are entrepreneurs happier than employees?

    Yes, entrepreneurs are happier than employees but that comes with its own set of drawbacks which is too many failures, long working hours, low income, and high-stress levels.

  • Top 10 Best Business Ideas for Teens and Young Entrepreneurs

    Today, the world is moving at a faster pace. Work-life has become an integral part of everyone’s life. Now, work and money come on top of the list of most millennials and Gen Z. With this mindset, the competition is increasing in every field. This requires a child to start preparing for this competition right from the teenage years.

    Nowadays, teenagers are super keen on the thought of becoming independent at an early age. The idea of being a young entrepreneur crosses the mind of almost every teenager now. Teenagers are willing to experiment in different fields to make a business out of it. Online tutoring, social media influencers, selling handmade and personalized goods, baking, home-cooked meals are some of the ideas that pay well as a business for teenagers. So, if you are a teenager and you want to earn some extra money, start right now.

    Lets look at business ideas that you can execute as a teenager.

    Online Tutoring
    Website Creation
    Digital Marketing
    Social Media Influencer
    Making and Selling Handmade/Personalized Goods
    Cooking and Baking
    Graphic Designing
    Fashion Designing
    Freelance Writing
    Photography
    FAQs

    Pandemic and the Idea of Business Among Teenagers

    Businesses have always been there. People usually follow the regular pattern of going to school, college, getting a job, saving money, and then starting a business. However, during the pandemic, the students had more time to think which paved the way towards starting a small business.

    Digitalization helped teenagers to get equipped with all the information and skills that they need to start a business. So, the pandemic also played a big role in boosting the idea of small businesses by teenagers.

    1. Online Tutoring:

    Online Tutoring

    During the pandemic, everything shifted to the online mode. One of the biggest transitions was for the children as their whole classroom got reduced to a screen. This change made the concept of e-learning even more popular than before. As a teenager, you can become an online tutor in any field that you know you are good at. You need to know your requirements and target audience.

    If you want this business to work, always remember to be professional and keep your course pattern and model effective. You can market your service among the near and dear ones or can also register on online tutoring websites.

    2. Website Creation:

    Website Creation

    Websites are not just the pages appearing on our screens. They hold a great amount of earning potential in them. As a teenager, you can learn to create your website with the help of online courses or even YouTube. Once you create your website, you can do affiliate marketing by writing blogs. You don’t need any technical skills to do it. All you need is a great passion to start your own business and start earning.

    3. Digital Marketing:

    Digital Marketing

    The term Digital Marketing is now used in every business. You can learn digital marketing from online courses. When you search for digital marketing courses, you will find a variety of paid and free courses. You can start with free courses to learn and grab interest in the field. All you got to do is practice and get yourself familiar with SEO, SEM, Ads, Google analytics. The best thing is that you can learn this at home and even start earning right from the comfort of home.

    4. Social Media Influencer:

    Social Media Marketing

    If you are someone who loves to be in front of a camera, then this is perfect for you. There is no doubt in the fact that social media influencers are gaining popularity and are no less than a celebrity. Influencer marketing involves the marketing of products and services through influencers who have built an audience over social media.

    The first step for you is to determine your niche and, create your profile accordingly. Then you have to know your audience and create meaningful and consistent content for them. Consistency not only helps to retain the followers but also attracts new ones. You need to know related to social media, ads, analytics, digital marketing to excel in this field. This is a lucrative business option for teenagers as they get to be their bosses.

    5. Making and Selling Handmade/Personalized Goods:

    Making and Selling Handmade/Personalized Goods

    This idea is great for teenagers as it enables them to explore their creative side and make an earning out of it. Handmade and personalized goods never go out of style. You can make customized jewellery with beads, clay, or resin. If you are good at painting, you can make portraits or other art and sell it online. Personalized gifts like photo frames, handwritten letters can be sold. You can even make organic soaps at home and sell them online. In this way, you can start your own small business from home and start earning.

    6. Cooking and Baking:

    Cooking and Baking

    Home-cooked meals are always in demand. If you love to cook or bake, you can make an Instagram page for it and start taking orders. You can cook proper meals, bake cakes and even make chocolates at home and sell them.

    7. Graphic Designing:

    Graphic Designing

    If you have some design skills, you can sharpen them up and start earning. As a teenager, you can design posters, logos, ads, online graphics and sell them to customers. You can sign up on Fiverr, Freelancer.com as a seller and start looking for clients. This is a great business option for teenagers as they can earn while being creative.

    8. Fashion Designing:

    Fashion Designing

    This is a lucrative business idea for the ones who love fashion and design. If you know how to stitch, you can make customized clothes and sell them online. If you don’t know how to stitch, you can hire someone to stitch for you, while you design the garments. As teenagers, you can set up a website or build an Instagram page to sell your product.

    9. Freelance Writing:

    Freelance Writing
    Freelance Writing

    If you are someone who enjoys writing, this idea is a blessing for you. Since you are a teenager, you must be already writing your papers for school or college. So, it is a good idea to take up some commissioned projects on the side to make some money. You can sign up on marketplaces like Fiverr, UpWork and start looking for writing gigs.

    10. Photography:

    Photography

    Photography is a creative business idea for the ones who love to capture moments. As a teenager, you don’t have to take up any professional course. You can learn the basic techniques of capturing and editing online. You can take projects like clicking pictures for a birthday party, personal photoshoot, and more in your free time.

    Conclusion

    Teenagers, nowadays dream of being young entrepreneurs. They want to earn but also take their passion along with it. So, it is always a good idea to start a business at a young age. Starting a business early not only helps to earn money but also equips the youngsters with adequate skills that come in handy in their life.

    FAQs

    Can under 18 year old start a business?

    People under age 18 cannot form legal business entities, and their parents should do so on their behalf.

    What do teens sell online?

    You can sell clothing, electronics, antiques, toys, cookware, collectibles, sporting goods, art, and just about anything else imaginable.

    What is the easiest company to start?

    The easiest business to start is a service business, especially for a beginner. A service business is any kind of business where you sell services. In other words, you sell your skill, labor or expertise — instead of products or goods.

  • The Ultimate Guide for Starting a Plumbing Business in 2021

    Plumbing is a rewarding and more demanding career. Plumbing business is necessary because consumers and businesses generally are incapable of maintaining their plumbing systems. Depending on where you live many plumbers business ideas obtain corporate or commercial contracts and work exclusively with businesses.

    By starting a plumbing business you can become your boss and have very much flexible work. Starting a plumbing business gives more freedom and the ability to shape your future versus working for someone else. Most plumbers often use math, creativity, design, and problem-solving skills, especially as they take on larger and more complex jobs.

    The plumbing business in India covers the following aspects as Sanitary, Water, Gas, Heating and cooling, Metal roofing, Industrial wastes, Drainage, Building services, Mechanical services, Air-conditioning, and Fire services. But not many people know “how to start a plumbing business?” So this article will show you step by step how to start your own plumbing business and even market it.

    Training and Qualifications
    Business Plan
    Research About Plumbing
    Choosing Your Expertise
    Investment
    Setting Up Office
    Invest in the Right Equipment
    Marketing Your Plumbing Business
    Business Insurance
    Frequently Asked Questions

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    Training and Qualifications

    Earning your high school diploma or equivalent, such as GED is the first step to become a professional plumber before growing plumbing business. So what to know before starting a plumbing business? For plumbers having advanced knowledge of math and science are necessary. Once you have completed your high school diploma or equivalent the next step is to enrol in a technical plumbing course and then start a plumber business.

    The curriculum depends on the city and state’s requirements but topics include the following aspects:

    • Pipe cutting and soldering
    • Draining and venting
    • Electrical basics
    • Water heating systems
    • Local plumbing codes

    Joining the Plumbing-Heating-Cooling Contractors Associations can help you grow your plumbing career. The first step on how to start a plumbing company is by first choosing a location. Depending upon your location, you will likely be required to work along with an experienced plumber as an apprentice for a certain no of hours. You might be able to complete your apprenticeship while you are enrolled in technical courses.

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    Business Plan

    Plumbing is a system that deals with the flow of fluids using pipes, tubes, tanks, or any other material that convey fluids through it which is why it is important to have a plumbing materials business plan. A plumbing material shop business plan is different from a plumbing company business plan so you should plan accordingly. Since the business of infrastructure is ever continuing and therefore there is always a requirement for plumbing services in the field. Job growth in plumbing services is positive which is about 16% growth in plumbing services.

    A business plan is important as it gives you an outlay of your business and helps you in moving in the right direction. In the business plan you must include all the details like how you will start the business and what will it take to start. This business plan also helps you in securing loans, getting new investments. Other relevant information which you must include in the business plan are below:

    • Legal entity
    • Document’s required
    • Details of finance
    • Business structure
    • Team structure
    • Field of expertise

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    Research About Plumbing

    The view of outside and inside are different points of view. It is very much important to go deeper into this topic and research as much as you can as it is one of the most important steps in “how to set up a plumbing business”. Interact with those people who are already in this business. They will give you insights to start a plumbing business.

    Choosing Your Expertise

    Plumbing services have a very speciality of fields and magnitude of service. It is not easy to become an expert in all kinds of plumbing services. Choose them wisely based on your budget, expertise, team size, and equipment. Depending on the expertise the plumbing business owner salary can be high or low. There are many plumbing business opportunities, you can also choose commercial plumbing and household plumbing as this differ fundamentally.

    Workplace of Plumber
    Workplace of Plumber

    Investment

    Investment is the core of any business. You have the required investment based on your business plan to start your business properly in the right direction. How to grow a plumbing company? You must invest money wisely and never think that the more you invest more you gain profit it is wrong.

    Setting Up Office

    The plumber business plan must also include plans for setting office to operate your business. Setup your office at a place that suits your business and chooses that place from where people can easily access you. Maintain your office with all the required equipment and accessories for starting a plumbing business.

    Both plumbing and heating businesses also need a warehouse to keep all the plumbing instruments, equipment, tools, and machines that plumbers need in their service. You can have your warehouse beside your office.

    Invest in the Right Equipment

    There are a few essential plumbing tools you will need in your plumber service. But don’t invest all of your money in shiny new equipment. So how to run a successful plumbing business? Start with the basics equipment, and purchase other types of equipment for speciality jobs if you have the license, skills, and customer demand.

    Some right equipment which you need for a plumber business:

    Wrenches

    • Pipe wrench
    • Basin wrench
    • Adjustable wrench
    • Faucet key

    Pipe Work

    • Hacksaw
    • Tube and plastic pipe cutters
    • Plumber’s torch
    • Thread sealing tape
    • Pliers
    • Press fitting systems

    Clearing clogs

    • Plungers
    • Hand Auger
    • Snake Machine

    Safety first

    • Goggles
    • Gloves
    • Heat shields/pads

    Other essentials

    • PEX pipe expander & fittings
    • Crimpers
    • Stubby screwdriver
    • Borescope
    • Plumbing business software

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    Marketing Your Plumbing Business

    Most plumbers are too busy servicing their customers and running their business to think about marketing. Marketing will help you grow your plumbing business. Plumbing is one such industry where you should be able to find a decent amount of customers if you target them the right way, as plumbing business profitability depends on it.

    In order for a plumbing business to achieve lasting success, it’s imperative to make a habit of constantly attracting new customers you need to come up with promotional ideas for plumbers. This is the main step on “how to grow a plumbing business” Get your plumbing business ideas flowing in the right direction with these marketing strategies:

    • Directory and pay per lead sites
    • Search engine marketing
    • Pay per click marketing
    • Your website
    • Social media marketing
    • Email marketing
    • Video marketing
    • Recruitment marketing
    • Customer service
    • Review generation (this goes hand-in-hand with customer service)

    The plumbing industry is always changing. They are always coming out with new equipment, new materials.

    Market revenue growth of plumbers
    Market revenue growth of plumbers

    Business Insurance

    So another step on how to start a plumbing business is by getting business insurance. As it helps protect your small business, you should consider getting plumbers’ insurance, also known as business insurance.

    Whether you’re a residential or commercial plumber, you face unique risks while installing and repairing plumbing systems all plumbing businesses in India must get Insurance. All businesses, regardless of industry, face risks that should be covered by insurance. These are the types Of Insurance Plumbing Businesses Need.

    General Liability Insurance

    • Premises Liability
    • Products Liability
    • Completed Operations

    Plumber Business Owners Policy (BOP)

    • Buildings and Contents
    • Business Income and Extra Expense
    • Electronic Data
    • Newly Acquired or Constructed Buildings
    • Employee Dishonesty Coverage

    Workers’ Compensation Insurance

    If your starting plumbing business your employees can get hurt or sick from their job, workers’ compensation insurance can help pay for their medical costs, replace some of their lost income, and more.

    Commercial Auto Insurance

    Commercial auto insurance covers vehicular damages to your company vehicles, whether they are driven by you personally or by your workers.

    Plumber Workers Comp Insurance

    If one of your employed staff is hurt while performing his work duties, or if he is made ill by something related to his job, workers comp for plumbing contractors provides help in several different ways.

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    Frequently Asked Questions

    What are the materials used in plumbing?

    Common plumbing Materials that are used in plumbing:-

    • Cast iron for plumbing waste lines.
    • PVC (PolyVinyl Chloride) for plumbing waste lines.
    • Chromed brass for plumbing waste lines.
    • Chromed copper for water supply lines.
    • Galvanized iron for water supply lines.
    • Copper (rigid and flexible) for water supply lines.
    • CPVC (Chlorinated Poly-Vinyl Chloride) for water supply lines.

    How to start a plumbing business in India?

    Steps to start a plumbing business in India:-

    • Get Certified
    • Serve as an Apprentice
    • Choose a Specialty
    • Invest in Equipment.
    • Register Your Business
    • Create a Service Agreement and Pricing Formula.
    • Set Up an Office
    • Start an Online Presence

    How to grow a plumbing business?

    Strategies to grow a plumbing business:-

    • Create a Marketplace or a Dedicated Mobile App
    • Develop a Professional Website
    • Submit Your Website to Local Directories
    • Search Engine Optimization
    • Cross-Platform Marketing
    • Social Media Marketing
    • Paid Advertising

    How profitable is a plumbing business?

    A master plumber running a one-person company making $45 per hour, working 8 hours per day can make up to $100,000 per year. If ongoing costs are between $10,000 and $20,000 per year, this leaves $80,000 as net profit.

    How much is a plumbing business worth?

    However, it is a very profitable business, as the average sales price is up to $700k and the most frequent deal size is $300k in America.

    How much money does to start a plumbing business in India?

    This depends on a lot of factors such as location and the type of plumbing business you want to start.

  • How To Start Herbal Medicine Business? – A Stepwise Guide

    In recent years, there has been a considerable growth in the sales of herbs or herbal medicinal products and starting a herbal business comes with many prospects. Many people especially from the top developed countries are recognising the benefits of herbal medicine and are switching from the conventional pharmacy.

    Starting a herbal business is profitable but you need a good business model. To start this type of business, you need to have prior knowledge of traditional medicine like be a herbalist, or a Herbal medicine degree.

    The owner must do deep research and create a detailed business model for the product, the price, the promotion, and distribution. Planning and research on different aspects are some of the key factors for a successful business because there is a lot of competition in the market. Here in this post, we will discuss briefly how to start a herbal medicine business and excel in this business.

    How to Start A Herbal Medicine Business
    Step 1: Naming Your Herbal Business
    Step 2: Know Your Herbs
    Step 3: Plan Your Herbal Business
    Step 4: Form A Legal Entity for Your Herbal Business
    Step 5: Open a Business Bank Account for your Herbal Business
    Step 6: Marketing of Herbal Medicine
    Step 7: Getting Permits And Licenses for Herbal Business
    Step 8: How To Promote Your Herbal Business

    FAQs

    How to become a successful online herbalist

    How to Start A Herbal Medicine Business

    Here are steps to start a herbal medicine business in India.

    Step 1: Naming Your Herbal Business

    Planning and researching the name of the business is very crucial. Naming a company can be challenging and time-consuming as it requires a lot of research. Your company name is an important part of your company’s identity. Once you understand what you want your company then start thinking about a particular name that describes your industry also think about words that describe your competitors.

    Using similar names to your competitors makes it very difficult to differentiate your company from the others. Which is why the owner must identify the current trends and avoid following them by choosing a unique name that defines their company.

    Step 2: Know Your Herbs

    Herbal plants
    Herbal Plants

    Before starting into a herbal products business, you should have a basic knowledge of herbal remedies and their applications. You must recognise and have knowledge about each herb that you are using. And ensure that your products are both safe to use and effective. You have to decide which herbs you want to grow in your herbal medicine garden.

    Its always a good idea to focus on a select few when you’re growing for the market rather than offering a huge selection. Being a herbalist, one must only use organic fertilizers, as they help plants grow healthier. The owner must have knowledge on the herbal medicine uses, and identify the herbal medicine plants to expand the product range.

    Here is the list of herbal medicine plant that’s common :

    • Chamomile
    • Echinacea
    • Feverfew
    • Garlic
    • Ginger
    • Gingko
    • Ginseng
    • Goldenseal
    • Milk thistle
    • Saint John’s wort
    • Saw palmetto
    • Valerian

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    Step 3: Plan Your Herbal Business

    Global herbal medicine market revenue, by product
    Global Herbal Medicine Market Revenue, By Product

    Cost

    A clear herbal medicine business plan is essential for a successful entrepreneur. The cost must be planned according to the herbal medicine business model. One way you can reduce the cost is by purchase the medicinal herbs through a wholesaler and by then reselling these herbs online.

    If you decide to open a permanent store to sell medicinal herbs, it will require a person to have access to much more capital. The largest expense for the people who decide to grow their medicinal herbs is the land. Depending on your herbal medicine business and the land size, you will have to pay monthly for rent, utilities, seeds, inventory, and labour.

    Target Audience

    A herb business can have many different kinds of clients or customers. Customers who opt for herbal medicine might be interested in living a naturally healthy lifestyle, some might want it for their physical ailments, while some might already have experience with herbal medicine.  

    Charge of Customers

    The cost you decide to charge your customers solely depends on your product’s quality, uniqueness, and where you choose to sell. Business owners that sell unique products have much more flexibility in setting their prices. The herbal medicine shop business usually has flexible prices for the medicine, while if the owner is starting a herbal medicine business online then they can set fixed prices for the products.

    Profit

    Medicinal herbs businesses that re-sell bulk herbs typically charge 30% or more over their costs. Businesses that grow medicinal herbs can also plant culinary herbs to diversify their customer base. All owners of medicinal herbs businesses can create various different type of  “value-added” products.

    Strength

    When it comes to strength as a company, it will depend on the portfolio of products and the wide range of herbal medicines and teas for different ailments that can meet the needs of a wide range of consumers. The herbal medicine in India is booming as many people prefer organic medicines, especially during the Covid 19 Pandemic.

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    The most common business structure types are the sole proprietorship, partnership, limited liability company(LLC). Establishing a legal business entity such as an LLC or corporation will protect you from being held personally liable if your medicinal herbs business is issued.

    Step 5: Open a Business Bank Account for your Herbal Business

    Opening a separate bank account for the business is essential for personal asset protection. The herbal medicine business owner can then get a credit card for their business account so the personal and business expense is separate. Have a business bank account also makes it easier for accounting and tax filing. Besides that, it also helps in understanding the financial performance of your herbal business.

    Step 6: Marketing of Herbal Medicine

    Herbal medicines can be sold in various dosage and different forms such as tablets, extracts, dried plants, capsules, products among others. The global herbal the medical market is segmented based on the type of the medicinal product, its application, and geography. According to a research, Global Herbal Medicine Market is expected to register a CAGR of 5.88% to reach USD 1,29,689.3 Million by 2023. According to a 2015 report by National Center for Biotechnology Information, around 70% to 80% of people globally rely on herbal sources for their treatment.

    • Marketing via email was one of the first digital advertising methods, but it’s still one of the most effective.
    • Pay close attention to federal, state, and local regulations. The herbal medicine industry has been subject to many investigations regarding product marketing and benefits.
    • Partner with local health-related businesses. Producers will have the most credibility in their communities.
    • Establish a product website.

    Step 7: Getting Permits And Licenses for Herbal Business

    To manufacture any type of Ayurvedic or Herbal products in India, you will need a license from AYUSH (The Ministry of Ayurveda, Yoga, Naturopathy, Unani, Siddha, and Homoeopathy) and not from FSSAI. Below are 3 types of manufacturing licenses issued by AYUSH :

    • Complete Manufacturing License – This is a full-fledged manufacturing license. This license is a must, if you decide to market, manufacture your own product, or set up your own manufacturing unit. To get this licence, you will have to fulfil all the requirement that is stated by the state authority of AYUSH.
    • Loan License – This is a manufacturing license which allows you to loan a manufacturing unit of a third party manufacturer to make your herbal products. This way you can reduce the cost of owning a manufacturing unit.
    • Contract/ Third party manufacturing – This license will allow you to use the manufacturing license of a third-party manufacturer to manufacture the product. This way you can only market your products. With this license you don’t have to own any manufacturing unit and don’t have to get any license.

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    Step 8: How To Promote Your Herbal Business

    Product Knowledge

    When we speak of herbs, it is very important to have a basic knowledge of what you are going to sell. It is of utmost importance to know each herb that is going to be a part of your business plan.

    Knowing Your Market

    Creating your herbal product and putting it on your website is not enough to grow your business. You need to identify the ones you are making your product for. Your products need to solve the problems of the target audience. Presenting your product to the wrong group of people will only hold back your business from growing.

    Guiding And Communicating

    Herbal products are needed by consumers when their concerns are related to health. You will stand a better chance of selling your products if you can guide them about the products and their uses. This will instantaneously earn the much-needed trust of your customer which is always a positive aspect in marketing your business.

    Affordable Pricing

    You need to keep in mind that the products you are selling don’t suffer from the issue of overpricing. The urge to keep the products under-priced is helpful for any business owners, you have to vary much care about that you have not faced any losses.

    Branding Via App

    Having an app for your business not only creates a digital marketing channel but also stand out from the competitors.

    Offers Coupons And Discounts

    This is a great way to attract the first batch of customers and lift your business from the ground when you are just a beginner. Offering too much will increase the consumer’s unhealthy expectations. So make the marketing plan with great efficiencies.

    Active On Social Media

    Advertising via social media costs very little and offers other benefits as well. In this way, consumers get involved in the process of marketing your herbal business. You must regularly update your social profiles and the posting of content that are engaging and interesting.

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    FAQs

    How to start herbal products business in India?

    Things to consider before starting a herbal product business:-

    1. Market Research
    2. Know your herbs
    3. Licensing & Registration
    4. Location Targeting
    5. Marketing

    How do I get Ayush license?

    The Procedure to Obtain Licence for herbal products in India:-

    • Visiting the Website
    • Review of Documents
    • Approval by the Commissioner
    • Obtaining the License

    What is Ayush certification?

    Quality Council of India has been engaged for voluntary certification of quality of Ayurveda Siddha Unani (ASU) products. AYUSH Standard and AYUSH Premium Marks are awarded for products moving in the domestic and international market respectively.

    How does a medicinal herbs business make money?

    Medicinal herbs business owners make money by selling herbs.

    What are the expenses for a medicinal herbs business?

    Depending on your business, you will have to pay monthly for rent, utilities, seeds, inventory, and labour.

    What are some skills and experiences that will help you build a successful medicinal herbs business?

    The owner of the medicinal herbs company needs to have an understanding of the proper use of medicinal herbs or must be a herbalist. If not the owner can get a herbal medicine degree or join an online herbal medicine courses.

    What is the growth potential for a medicinal herbs business in India?

    With the ongoing Covid 19 Pandemic, there has been a massive growth of natural products and healthier alternatives to more common medical issues in India.

    How to make herbal medicine?

    To make herbal medicine, the herbalist must have knowledge of types of herbal medicine.