Karnataka, being one of the fastest-growing economies of India recorded the Gross Domestic Product Growth of 14.7% (approx) in 2018. The rising figures foretell the positive business prospects in Karnataka.
Top 11 lucrative business ideas in Karnataka
Landscaping is not only aesthetically pleasant, environmentally friendly but also provides several commercial benefits to the business firms. Natural elements within the working space enhance the performance of the employees and more importantly, it adds on to the value of the property. More and more companies are looking for hiring landscaping designers as it aligns with the ‘Go Green’ concept heralding their ecologically responsible behavior that attracts investors. These present profitable business ideas in Karnataka.
2. Food delivery services
Karnataka stands at 6th place on the chart of the topmost urbanized state. The urban city comprises a large segment of the working population that offers opportunities for food delivery services. Also, urban households prefer ordering food instead of preparing themselves. The changing lifestyle and time paucity has given a boost to these business ideas in Karnataka. To start with you can tie up with Tiffin service providers or restaurants near you.
3. Translation services
Famously known as the ‘Byte Basket’ of the country, Karnataka attracts huge foreign investors. This inflow has open profitable business opportunities for the multilingual. Translators are required to translate foreign business documents, articles, files, conferences, etc into the native tongue and vice versa. If you can have command over your language skills then these present financially attractive business ideas in Karnataka for you.
4. Real Estate agent
Real estate agents facilitate the sale, renting and purchase of property transactions. Be it an old resident or a new one to the city or any business firm, agents enjoy evergreen demands from everyone. Agents get a commission on any sale, purchase and renting done through him which makes these profitable business ideas in Karnataka. If you have the knowledge and information, go for it.
5. Fast Food Eatery
It’s quite prosaic to see streets bustling with foodies gathering around the fast-food stall especially in the urban state like Karnataka. Street food or fast food has become the daily evening snacks for youngsters. It offers an alternative of meals for those who remain hasty while going for work. It provides quick and easy on-the-go food services that make these business ideas in Karnataka quite popular.
How the company is performing? Is it making profits or losses or stagnant? It is the accountant’s job to record transactions, audits the accounts, prepares financial reports of the firms and reports it to the owner concerned. On the basis of these reports, companies alter their business performance. Are you the one that knows how to deal with numbers and accounting concepts, if yes? Then don’t wait. Karnataka with the hub of companies and industries that remains to look out for hiring competent employees provides amplified business opportunities for you.
7. Automobile repair services
Repair and maintenance services form the backbone of the automobile industry. Why? Look at this way. We know that there is a rising demand in Cars, bikes, scooters, etc and major portions of demand are raised by the middle-income group, for this section of the population buying a car or bikes are their most prized possession or one-time investment. Owing to the price sensitivity of the customers, in the absence of repair services, people won’t be willing to purchase them. Repair services are an indispensable part of the smooth running of everyday life. There is a huge demand for repair and maintenance services. Locate your store near automobiles stores and fuel pumps to attract potential customers.
8. Organic food
These are the growing business ideas in Karnataka that have a major health-conscious legion of population. With the understanding and realization of health is wealth, now people don’t mind splurging a bit more on the purchase of organically grown, chemical-free and nutrients filled organic food. Set up your organic food store in the urbanized locality that may attract potential customers.
9. Temping services
Temping services provide for small or large manpower services business for a temporary time period. It takes a lot of time, energy and resources to source manpower that is why this task is delegated to temping service providers. The demand is great among event organizing firms, construction firms, in the entertainment businesses like the film industry. If you have the strong networks and skills to cater to your prospective clients then these offer lucrative business ideas in Karnataka.
10. Recruitment firms
Karnataka houses thousand of companies that constantly remain on the lookout for hiring skilled, competent professionals lot for their company. Selecting the right candidate takes a lot of time which makes it a cumbersome process. That’s how recruitment firms come into the picture. They help in shortlisting the best candidate for the prospective job fulfilling the firm’s requirements. By performing this task, they get a sound sum of money in return.
11. Website designer
It takes a fraction of a second to form a judgment about anything. The websites are no less protected from this phenomenon. Companies pay crucial attention to website designing, page layout, visual images, and attractive content. For this, a creative and tech-savvy professional is required. The opportunities for website designers are fast unfolding given the emergence of many companies.
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