The role of low cost business opportunities in Indian economy

Category:-


Medium, small and micro sized enterprise has always been the mainstay of Indian economy, in fact, enjoys supreme position because of its vital contribution towards socio-economic development in the country. Near about to 50 to 60 percent of innovative ideas comes from small scale industries. For example, several large corporations were once started small and nurtured into big organization after successfully operated over the years. In addition, there are numbers of low cost business opportunities invented which serve the purpose of small pocket entrepreneurs. India is a large economy; contribution of small businesses might be overshadowed by big giants operate across the borders, time zones and cultures.

To put in other way, food franchise operating across globe and in Tier 1 and Tier 2 cities of India is shinning high recently. Existing and new players utilize franchise business model to reach maximum consumers. But actually the problem is that every individual cannot afford huge investment. Here the concept of small business came into existence, people who want to start their own business should bet on low cost models. In this context, Box-o-Burger an India Brand famous for offering burger franchise opportunities has given hopes to millions of investors. Cost-effective franchise model coupled with necessary training programs, staffing recruitment and marketing is proven best business opportunity.

To become developed economy contribution of each and every citizen is significant. Small business organization provides employment opportunities to people living in both rural and urban. It helps in enhancing living standard of population residing in suburban and rural regions. Medium and small sized enterprises utilized resources which are naturally available, thus it promote local entrepreneurs to national and international level. At present scenario, medium and small sized enterprises operate in different potential industry sectors have effectively performed high and contributing to the national economy. Thus low cost business is essential to build a developed economy.