Week-6 || Share a small business idea for new entrepreneurs.

Hello Steemit friends,
how are you all? I hope you are all well by the grace of Allah. I am also fine by the grace of Allah.Today, I will participate in the new contest from Steem4Professionals brought by the honorable owner @hive-117276 sir. The name of the Contest is "Week-6 || Share a small business idea for new entrepreneurs." Thank you Steem4Professionals for bringing this beautiful contest to us.

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With the change of time, the pattern of business is changing. It is difficult to calculate how many ways people are involved in business. But how much profit is obtained from those business depends on the intelligence and technique of doing business. I have come to talk about a very simple but profitable business. The business idea that I have come to give is a small business, huge investment is not required here. There is no possibility of loss in this business. That business is a recharge shop. The recharge shop offers all types of recharges. There will be advantages. Here are the advantages: -

• Electricity bill paid facility
• Gas bill paid facility and
• Water bill paid facility.

Source

Although mobile recharge, and money transfer business is already popular here, now gas, water, and electricity bill payment facility has been added to it. All the people I know who are doing this business are benefiting. Add these three items to the Recharge Shop. It won't take long for your day to come.

I have given the idea of business. To benefit from it, its location should be in a populated residential area. If it is in a commercial area, this business will not be so convenient. But if it is in a populated area, good results will come from here. Because the three items I mentioned are water gas. Electricity, without these three we are completely immobile. We have to constantly provide these three items. And currently, these three have been made prepaid systems almost all over the country. So, if you start this business in populated areas, there will be more chances of profit.

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You don't need a lot of money to start this business. I can roughly budget this startup.

I believe you can start a business with this money and hopefully make a profit.

Being idle can sometimes be a gain and sometimes a loss. It is a part of business. Also, there may be some advantages and some disadvantages. Below I am going to present some advantages and some disadvantages of bridge banking.

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• Advantages: -
• The biggest advantage of this strategy is that there is less chance of loss.
• This business does not require much capital
• There is not much physical effort in this business.
• This idle management method is very simple.
• Disadvantages: -
• Since this business is all managed through recharge, one mistake in recharge is likely to result in huge losses.
• This business is usually based on good relations among people. Therefore, if you cannot build good relations, there is a possibility of financial loss.
• This practice should not only be in populated areas, care should be taken to ensure that all utility bills are paid through mobile recharge.
• Business means money transactions. This transaction must be done well otherwise it will be lost.

Yes, I have seen this type of helplessness. My neighbor is running a business like this. He owns a drugstore. He sells medicines and also runs all types of recharge business from there. I got to know the pros and cons and the benefits of it by talking to him. I presented that experience to you today.

My neighbor's medicine and recharge shop