Ancillary Industrial Undertakings


The following requirements are to be complied with by an industrial undertaking for being regarded as ancillary industrial undertaking: - An industrial undertaking which is engaged or is proposed to be engaged in the manufacture or production of parts, components, sub-assemblies, tooling or intermediates, or the rendering of services and the undertaking supplies or renders or proposes to supply or render not less than 50 per cent of its production or services, as the case may be, to one or more other industrial undertakings and whose investment in fixed assets in plant and machinery whether held on ownership terms or on lease or on hire-purchase, does not exceed Rs 10 million


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Women Entrepreneurs

A Small Scale Industrial Unit/ Industry related service or business enterprise, managed by one or more women entrepreneurs in proprietary concerns, or in which she/ they individually or jointly have a share capital of not less than 51% as Partners/ Shareholders/ Directors of Private Limits Company/ Members of Cooperative Society.


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Branch Managers- SSI Proposals


1. Please interview the applicant and keep record of your conversation with the applicant.
2. Please examine the application and see whether it contains all relevant information.
3. Please check the photocopies of various documents (enclosed with the application) with the original.
4. Please scrutinize the application properly.
5. Please make inspection of the Factory/Unit/Establishment (If existing one ) and in case of a proposed one, please inspect the site.
6. Please make local enquiries to verify the personal data furnished by the proprietor or Partners or Directors.
7. If the line of business (existing or proposed one) is new to you, please obtain brief particulars about the scheme or line of activity from DIC or SISI or NABARD or KVIC/KVIB and get yourself acquainted with that particular line of activity.
8. If you are unable to understand the working capital requirement assessment and corresponding bank borrowing requirement, consult Regional Office (either with concerned Dy. Regional Manager or with Regional Manager/Chief Regional Manager). However, in most of the cases, you should be able to assess these.
9. Properly analyse the previous Balance Sheets and Profit & Loss account Statements (in case of existing units) and projected plan vis-à-vis projected Balance Sheet and Profit & Loss Account statement. Compare the date with those of other similar units. You can take the help of DIC Office or SISI or NABARD or KVIC/KVIB.
10. Examine the market demand of the product/service and assess whether the projection made by the applicant is reasonable.
11. In suitable cases, where collateral/additional securities are required to be obtained, please verify those collaterals thoroughly.
12. In case of a company and if it is already running, conduct search with the officer of Registrar of Companies to ascertain whether the assets of the company are free from any encumbrance.
13. 13.If the Firm/Company is already enjoying term loan from any Financial Institution (like SFC or IDBI/SIDBI or IIBI or IDC etc.) or proposes to enjoy any loan from them, please contact them and ascertain the details from them about the scheme/project/plan/proposed borrower.
14. If the Firm/Company is already banking with any Bank, please contact the said Bank, and get detailed information relating to conduct of the a/c. and also try to gather impression of the said Bank about the proprietor or partners or directors as the case may be.
15. Please go through the checklist for the SSI entrepreneurs and see whether all the points have been covered in the application and whether photocopies of all relevant documents have been enclosed.


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CHECK-LIST FOR SSI ENTERPRENEURS

Please check whether you have covered all the following points (which are applicable) in your Application
Are you registered with Directorate of Cottage & Small Scale Industries? If so, please furnish a photocopy of the same alongwith your application.
Do you have Trade Licence? If so, is it up-to-date? Please furnish a photocopy of the Current Licence alongwith your application.
Do you have Sale Tax Registration? If so, is it up-to-date? Please furnish a photocopy of the same alongwith your application.
Are you Income Tax Assessee? If so, please furnish a photocopy of the last Income Tax Return and a photocopy of the last Income Tax Clearance Certificate alongwith your application. Please mention in your application separately address of your Head Office, address of Registered Office, address of the Factory/ Establishment/ Unit/ Centre and Home address of Proprietor or of all the Partners or of all the Promoters Directors alongwith telephone, fax,


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GENERAL GUIDELINES ON SSI SECTOR LENDING

1. Illustrative List of Activities which are not recognized as Small Scale Industry/ Business (Industry Related) Enterprises i.e. SSSBE’s
1. Transportation
2. Storage (except cold storage which is recognized as SSI)
3. Retail/Wholesale Trade Establishments
4. General Merchandise Stores
5. Sales Outlets for Industrial Components
6. Health Services including pathological laboratories
7. Legal Services
8. Educational Services
9. Social Services
10. Hotels


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GENERAL GUIDELINES ON SSI SECTOR LENDING

1. Advertising Agencies.
2. Marketing Consultancy
3. Industrial Consultancy
4. Equipment Rental & Leasing
5. Typing Centres
6. Photocopying centres (Xeroxing)
7. Industrial Photography
8. Industrial R & D Labs
9. Industrial Testing Labs
10. Desk Top Publishing
11. Internet Browsing/Setting up of Cyber Cafes
12. Auto Repair, Services and Garages
13. Documentary Films on themes like family planning, social forestry, energy conservation and commercial advertising
14. Laboratories engaged in testing of raw materials, finished products.
15. ‘Servicing Industry’ undertakings engaged in maintenance, repair, testing or servicing of all types of vehicles & machinery of any description including electronic/electrical equipment/instruments. i.e., measuring/control instruments, televisions, tape recorders, VCRs, radios, transformers, motors, watches etc.
16. Laundry & Dry-cleaning.


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Annexures

A.General Guidelines on SSI Sector Landing—A - I and A - II

B.Check-list for SSI Entrepreneurs

C.Check-list for Branch Managers--- SSI Proposals

D.The guiding formats for Appraisal of SSI Loan Proposal up to Rs. 25 lac and also above Rs. 25 lac to Rs. 2 crore have been given in Appendix


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Service Charges/ Inspection Charges

1. No service charges/inspection charges should be levied on priority sector loans up to Rs.25,000/-
2. For loans above Rs.25,000/- ---- as per H.O. Guidelines.


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Penal Interest

No penal interest should be charged by banks for loans under priority sector up to Rs.25,000/-. However, the issue of charging penal interests that should be levied for reasons such as default in repayment, non-submission of financial statements etc. have been incorporated in the Lending Policy of the Bank for loans above Rs.25,000/-


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Rate of Interest

Interest shall be charged at a rate as prescribed by Head Office from time to time. Interest shall be charged on this outstanding debit balance on working capital and on reducing balance in case of term loan.


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Repayment Schedule

Repayment programme should be fixed taking into account the sustenance requirements, surplus generating capacity, the break-even point, the life of the asset, etc., and not in an "ad hoc" manner. In respect of composite loan up to Rs.50,000/- to artisans, village and cottage industries, repayment schedule may be fixed for term loan component only (subject to SIDBI’s requirements being fulfilled).

In the case of other borrowers affected by natural calamities, banks may convert drawings in excess of the value of security into a term loan repayable over a reasonable period of time and provide further working capital and extend/re-phase the instalements due under term loans.


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parameters for grant of relief and concessions for revival of potentially viable sick SSI units.

1. Interest on Working Capital Interest 1.5% below the prevailing fixed/prime lending rate, wherever applicable
2. Funded Interest Term Loan Interest Free
3. Working Capital Term Loan Interest to be charged 1.5% to 3% below the prevailing fixed/prime lending rate, wherever applicable.
4. Term Loan Concessions in the interest to be given not more than 2% (not more than 3% in the case of tiny/decentralized sector units) below the document rate.
5. Contingency Loan Assistance The Concessional rate allowed for Working Capital Assistance.


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Revised guidelines on rehabilitation of sick SSI units

As per the revised definition, a unit is considered as sick when any of the borrower account of the unit remains substandard for more than 6 months i.e. if the principal or interest remains overdue for a period exceeding one year. The requirement of overdue period exceeding one year will remain unchanged even if the period for classification of account as substandard is reduced in due course, or, there is erosion in the net worth due to accumulated cash losses to the extent of 50% of its net worth during the previous accounting year and the unit has been in commercial production for at least two years. The revised criteria will enable Bank to detect sickness at an early stage and facilitate corrective action for revival of the unit. As per the revised guidelines the rehabilitation package should be fully implemented within six months from the date the unit is declared as potentially viable/ viable. During this six months period of identifying and implementing rehabilitation package Bank/Fls are required to do "holding operation" which will allow the sick unit to draw funds from the cash credit account at least to the extent of deposit of sale proceeds.


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Composite loan

A composite loan limit of Rs.1 crore can be sanctioned by banks to enable the SSI entrepreneurs to avail of their working capital and term loan requirement through Single Window.


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Collaterals

No collateral security is required for SSI borrowal accounts having overall limit upto Rs. 5 lac. Bank may, however, on the basis of good track record and financial position of the SSI units, increase the limit of dispensation of collateral requirement for loans up to Rs.15 lac and even further increase limit upto Rs. 25 lac if CGTSI Scheme is applied to get insurance coverage.


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Register of Rejected Applications

A register should be maintained at branch wherein the date of receipt, sanction/rejection/ disbursement with reasons therefore etc., should be recorded. The register should be made available to all inspecting agencies.
1. Rejection of applications for fresh limits/enhancement of existing limits should not be done without the approval of the next higher authority.
2. Sanction of reduced limits should be reported to the next higher authority immediately with full details for review and confirmation.


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Issue of Acknowledgement of Loan Applications

Bank should give acknowledgement for loan applications received from the borrowers towards this purpose, while getting fresh stocks of application forms printed, it may be ensured that these forms have perforated portion for acknowledgement to be completed and issued by the receiving branch. Each branch may affix on the main application form as well as the corresponding portion for acknowledgement, a running serial number. While using the existing stock of application forms till then, an acknowledgement (separately prepared) should be given for each application, care being taken to ensure that the serial number given on the acknowledgement is also recorded on the main application.


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Bills Rediscounting

Funds provided by SIDBI to Commercial banks by way of rediscounting of bills of SSIs which are originally discounted by a commercial bank and rediscounted by SIDBI will be eligible for inclusion under the priority sector as indirect finance to SSI.

Funds provided by commercial banks to State Financial Corporations (SFCs) by way of rediscounting of bills of SSIs earlier discounted by the SFCs will be eligible for inclusion under the priority sector as indirect finance to SSI.


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Food and Agro-based Processing Sector

The following items within the food and agro-based processing sector would be eligible for classification as priority sector for lending by banks :
· Fruit and vegetable processing industry
· Food grain milling industry
· Dairy products
· Processing of poultry and eggs, meat products
· Fish processing
· Bread, oilseeds, meals (edible), breakfast foods, biscuits, confectionery (including cocoa processing and chocolate), malt extract, protein isolate, high protein food, weaning food and extruded/other ready to eat food products
· Aerated water/soft drinks and other processed foods
· Special packaging for food processing industries
· Technical assistance and advice to food processing industries


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Indirect finance in the small-scale industrial sector will include credit to

Agencies involved in assisting the decentralized sector in the supply of inputs and marketing of outputs of artisans, village and cottage industries.

Government sponsored Corporation/organizations providing funds to the Weaker sections in the priority sector.

Advances to handloom co-operatives.

Term finance/loans in the form of lines of credit made available to State Industrial Development Corporation/State Financial Corporations for financing SSIs.

Credit provided by banks to Khadi and Village Industries Commission (KVIC) under the scheme for provision of credit to KVIC by consortium of banks for lending to viable Khadi and Village Industrial Units.

Funds provided by commercial banks to SIDBI/SFCs will be eligible for inclusion under the priority sector as indirect finance to SSI.


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Small Scale Service & Business Enterprises (SSSBEs)

Industry related service and business enterprises with investment up to Rs. 10 lac in fixed assets, excluding land and building will be given benefits of small scale sector. For computation of value of fixed assets, the original price paid by the original owner will be considered irrespective of the price paid by subsequent owners.
An illustrative list of eligible activities as SSSBEs and the illustrative list of activities that will not qualify as SSSBEs is given in Annexures A - I & A - II respectively.


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Tiny Enterprises

The status of ‘Tiny Enterprises’ may be given to all small scale units whose investment in plant & machinery is up to Rs. 25 lac, irrespective of the location of the unit.


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Small Scale and Ancillary Industries

Small scale industrial units are those engaged in the manufacture, processing or preservation of goods and whose investment in plant and machinery (original cost) does not exceed Rs.1 crore. These would, inter alia, include units engaged in mining or quarrying, servicing and repairing of machinery. In the case of ancillary units, the investment in plant and machinery (original cost) should also not exceed Rs. 1 crore to be classified under small-scale industry.


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Advantages associated with Small Scale Industries

Small scale industries can be characterized with the special feature of adopting the labor intensive approach for commodity production. As these industries lack capital, so they utilize the labor power for the production of goods. The main advantage of such a process lies in the absorption of the surplus amount of labor in the economy who were not being absorbed by the large and capital intensive industry. This, in turn, helps the system in scaling down the extent of unemployment as well as poverty.


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Items Reserved For Small Scale Industries in India

Small Scale Industries (SSI) have played a vital role in strengthening the industrial structure of the country. They facilitate the tapping of resources for productive purposes with minimum amount of capital investment. SSI have contributed greatly in bringing down regional imbalance; generating employment opportunities, output, and exports, fostering entrepreneurship and in accelerating economic development. As per the government definition an industrial undertaking in which the investment in fixed assets in plant and machinery whether held on ownership terms on lease or on hire purchase does not exceed Rs 10 million, can be categorized as small scale undertaking. To encourage the growth of small scale industries in India, Government has reserved certain products for manufacture in the small scale sector in areas where there is techno-economic justification for such an approach. Large/Medium units can, however, manufacture such reserved items provided they undertake to export 50% or more of their production.


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What’s the Big Idea?

To be successful it is important to have an idea with a very good market potential. Search the web for the same business idea. Identify your would-be customers and competition you are to face. Both of these must be found out thoroughly.


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Write a Business Plan

A business plan is your road map to success. With its help you find out initial and running costs. It also enables you meet financial and business goals.


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Essential Tips to Start Small Business

some essential tips which can help your business surge ahead fast are
Have an online presence. Will you ever trust a company without an online presence? Likewise no one will trust your enterprise if you do not have one
Have a blog that covers your business. It sends the right signals.
Send out a newsletter for new and existing customers.
Always have a polling option on your websites. This helps to gauge moods.
It is very important to advertise in the signature line of your email. This is a indirect but very effective mode of marketing
Advertise on well-known websites.


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The Right Small Business Ideas

With the right business idea you’ll spend your time finding ways to succeed, not wasting your valuable time and energy worrying about every little detail that could sabotage your new business venture.
The small business ideas we list on our site are 100% legitimate. We’re not here to take your money – in fact, we don’t even sell anything on our site.
Our fundamental goal at MySmallBiz.com is to help you get your entrepreneurial juices flowing. Whether you’re looking for home business ideas, internet business ideas, or just general small business ideas we’re here to help.


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Here are a few ideas that you can take up as a startup business idea:

1. You can apply for a marketing/sales representative job.
2. You can write blog and articles.
3. You can start websites on the areas of interests that you like.
4. You can start a day care or a pet care.
5. You can freelance.
6. You can become a small time designer and make a home studio.
7. You can paint and exhibit your art.
8. You can tutor.
9. You can do share trading and selling in eBay.
10. You can render secretarial help like typing, printing and copying.


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Managing Expenses


Don’t invest too much for future needs: think up to one year ahead.
Change lifestyle to match cash flows.
Create monthly budgets for expenses. Document all expenses.
Analyse expenses on a 1-2 week basis and see what can be reduced further.
Negotiate deals with vendors or customers to give you discounts for later benefit.
Use the Internet extensively for advertising.


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Hiring People


Hire people at less than market rates. Hire only if work can’t be done by existing employees.
Hire interns, freshers and train them.
Find contacts to assist you with legal work, finances etc., instead of outsourcing such work.
Don’t outsource. Founders should have the core skill-sets to build and sell products. If not, get a person with the skill-set on board.


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Business Travel

Stay with friends or relatives. If you must stay in a hotel, look for cheap options close to meeting locations. Share rooms with colleagues.
Use air-miles if you have any.
Take afternoon flights: they are cheaper.
If you can, get a hotel industry association discount card. You can then get discounts.
Plan travel in advance: look for deals. Try to club meetings in a particular city or part of a city.


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Running Your Office



Work out of home, use existing infrastructure like laptops and phones—don’t buy new ones.
Buy cheap PCs and try for good deals on laptops. Don’t fall for expensive warranties.
Look for cheaper hosting and domain plans.
Use Skype to save on phone bills.
Take your time while selecting cell phone and Internet plans, review them on a monthly basis.
Watch your utility bills—switch off the lights, AC, fans and other appliances when you leave.
Print double-sided and in economy mode with lower tones to save toner; use cheaper paper.
Rent your non-critical office equipment like ACs, photocopiers, coffee machine.
Instal an electric hand dryer in your toilet to save on more expensive paper towels.
Watch stationery costs—take free stationery from conferences or vendor (but don’t steal!).
Recycle scrap—keep pins, rubber bands and clips that you get in the mail.
Instal open-source operating systems or use free cloud computing software.


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Are you comfortable making decisions on the spot?

With a new business, you call all the shots—and there are a lot of decisions to be made without any guidance. This instant decision-making ability is vital for success.


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Do you like all aspects of running a business?

Running a business means doing all the unglamorous work—from paying utility bills to running around and negotiating with people who might not be particularly excited about your idea.


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Are you willing to sacrifice your lifestyle?

Any business usually takes a while to succeed. You must be prepared to lead an extremely frugal life for at least a few years. This might mean few vacations, little eating out and even spending less time with the family.


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Do you have the necessary experience?

You should start your business in an area where you have experience. This isn’t mandatory, but crucial if you are starting on a small budget and cannot hire external help. Else, get someone with the required experience.


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Do you have adequate resources?

Can you sustain yourself till profits start rolling in? Make an estimate of probable costs and worst-case scenarios and see whether you can handle them. If you do not have the money, can you borrow it?


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Are you passionate enough?

If you don’t believe in what you are doing, chances are you will never make it. Self-belief and faith in your idea are among the key factors that make a difference to a business. Many real-world case studies confirm the power of passion.


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Do you have a unique service or product?

What you offer need not be ‘new’, but it should have a value proposition in terms of time, money, or quality over existing products. In other words, even an improvement over previous products can be successful.


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Can you bear great financial risk?

Willingness to take risk is one thing, being able to bear it is another. Do you have enough savings stacked up to pay your bills in case the business does not take off? Does your spouse have an income you can fall back on?


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Do You Have It In You?

There is no single sure-shot recipe that makes an entrepreneur, but if you answer a confident ‘yes’ to most of these questions, then you have high chances of making it


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The questions that shape a business plan

Sec 1.0 an introduction When was the company formed and by whom? Where is it based? What does the company uniquely offer?
Sec 2.0 Market opportunity What is the opportunity, need or problems in the market? Who is experiencing the need? How big is the opportunity? How fast is the opportunity growing?
Sec 3.0 Offering What is being offered to address the need? What are the different components of the offer?
Sec 4.0 The competition Why and how is the offering unique? How will it successfully compete?
Sec 5.0 Market Who are the customers? How will they use it? How is the market segmented? What does this offer mean to them?
Sec 6.0 Business model How will the offering be delivered to customers? What does the delivery chain look like? How will the support process work? How will revenue and costs flow across the chain?
Sec 7.0 Sales and marketing plan How will customers be acquired? What are the different modules or components to be sold? What are the price points?
Sec 8.0 Development plan What are the timelines and technologies? What is the strategy for product development?
Sec 9.0 Roadmap Over the next 24 months, what will be the sales and marketing objectives? What will be the company’s objectives? What are the product development objectives? What is the exit strategy?
Sec 10.0 Current situation What is the present status of the offer? Are any customers testing or using it? How much money has been invested? How many employees are there?
Sec 11.0 Financials How much money do you need? When, how and at what levels will you break even? What is the monthly outlook for the next 12-18 months?


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vWork at Home Idea

There is a lot of written material about internet marketing and many experts available who will gladly show you how to make money online (usually for a small nominal fee). Most of the information is available for free, but it takes time to find it and learn how to apply it. And, the devil is in the details. One thing that I have learned is that there is a vast difference between having an online job and an online business. Some people who start a business fail, because they are in fact, looking for a job.


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New Small Business Idea

People love the idea of working from home. However, network marketing and MLM aren’t for everyone. So what are some great business ideas that you can do from home? Here is a list of some of my favorites. Some of these are fairly cheap to start and some require a larger investment but hopefully this will help you find the one that is right for you!
1. Catering – Catering is a fun way to combine business with your love of cooking. Catering on a small scale can be done from your home especially if you already have a large and well equipped kitchen.
2. Child Care – If you love kids and you want to work from home an in home child care is a great idea for you. It can be a lot of work but if you love little ones it’s a great alternative to working at a traditional daycare.
3. Web Design – If you have the skills to be a freelance web designer you can make a really good living from home! There are a lot of web designers out there but if you know how to market yourself and if you have the skills to back it up you could be sitting on a gold mine!
4. eBay – Many people make good money by selling things on eBay auctions. Of course that requires some work in finding the right items and then shipping them out but it can be profitable in the right situation.


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Small Business and Home Based Business Ideas to Get You Started

Sometimes the hardest part of starting a business is coming up with a business idea, whether a small business is a part-time one person operation run out of someone's home or a muilti million dollar company with dozens of employees.
You know, for instance, that you want to work in a particular field but don't know what you might do specifically. Or maybe all you know is that you want to start a business, but you're on the lookout for a business idea that inspires you. Follow the links on this page to find small business ideas and home-based ideas that will get you over the business ideas hurdle and onto actually starting your new business.


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Small Business and Home Based Business Ideas to Get You Started

Sometimes the hardest part of starting a business is coming up with a business idea, whether a small business is a part-time one person operation run out of someone's home or a muilti million dollar company with dozens of employees.
You know, for instance, that you want to work in a particular field but don't know what you might do specifically. Or maybe all you know is that you want to start a business, but you're on the lookout for a business idea that inspires you. Follow the links on this page to find small business ideas and home-based ideas that will get you over the business ideas hurdle and onto actually starting your new business.


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Small scale business

The best small scale business will depend on what you want, how you define to be interesting. A person may consider a pet sitting business to be the most exciting work in the world, while another person would rather watch TV than take care of dogs.

The key is to determine what your interests are, what you want to do, what is suitable for your lifestyle and your overall goals, and what can fit with your resources.

Dan Ramsey in his book "101 Best Home Businesses" has a chapter on how to find YOUR best home business. He suggests these 10 steps:

1. List 5 things you do best
2. List how others would benefit from what you do best
3. Find out how to give people what they want
4. Learn the value of your services to others
5. Find out who else offers similar services
6. Learn from the successes of others
7. Learn from the failures of others
8. Plan your own success
9. Make low cost mistakes
10. Enjoy what you do and how you do it

He then made suggestions on the best home businesses according to type. Here are a few of them:

Best Businesses Using Craft or Physical Skills
- antique restoration
- auto detail service
- carpet cleaning business
- errand/delivery service
- housecleaning business

Best Service Businesses
- bed and breakfast operator
- caregiver
- catering service
- senior day care center
- tutoring service

Best Professional Businesses
- desktop publisher
- magazine writer
- import/export service
- income tax preparation service
- event planner


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