Home Business Ideas/ General Business Climate in Pakistan by [Idopedia]

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There are many talented and skilled professionals in Pakistan and Asian countries in general. The country also boasts an astonishingly large supply and variety of raw materials and goods.

In Pakistan, there are almost 3 million SMEs.1 These small and medium enterprises (SMEs) account for about 30 percent of the country’s GDP. However, these small businesses face various challenges. They struggle with securing loans from banks, commercial disputes, and taxation issues. Also, many Pakistani entrepreneurs are unable to access essential business training. Due to these various issues, most SMEs won’t ever hire more than five people.

Despite these challenges, you can become a successful entrepreneur in Pakistan with the right skills, business ideas, and knowledge. Lucky for you, that’s the essence of this article.

12 Home Business Ideas in Pakistan for 2021

#1: Poultry farming

Poultry farming is a profitable venture that requires very little capital. Additionally, the Pakistani market has a consistent and high demand for poultry. All you need to start up is some space for your chicken hutch and a small amount of money to get the chicks and feed.

#2: Online virtual assistant

Becoming an Online Virtual Assistant is in no way a new business idea. It is a great business to launch in Pakistan if you intend to stay home full time. You have access to clientele from all around the world, and all you need is power, a suitable device, and an internet data connection.

Do you live in a place with little to no support for most enterprises? Or are you in an area where the competition is high because of the various entrepreneurial ventures? If so, then becoming a virtual assistant is just perfect for you.

If you want to start a business as an Online Virtual Assistant, it is best to choose a niche that you can focus on and develop yourself in. This will afford you the opportunity to stand out and make a difference.

#3: Custom T-shirt Printing

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The textile manufacturing industry in Pakistan is growing and has the potential to be an income-generating venture. Printing customized t-shirts can be a good business idea as long as you have the requisite skills. Thanks to online courses and DIY videos, you can learn these skills easily and at very little cost. With time and practice, the skills will get better and better.

Custom T-shirt Printing will not just serve individuals, but it will also serve growing online businesses that specialize in selling customized t-shirts.

The process of setting up a T-shirt printing shop is easy, compared to other manufacturing facilities. It also costs little. To do so from home, you need to clear up a part of your house that will be your workspace. Then you need your printing materials and equipment, and voila, you’re good to go.

Once your printing shop/space is ready, you can showcase your products on different online platforms like Alibaba.com. You can also reach out to as many online t-shirt company owners as you can, and let them see your work. You may then offer them a proposal that includes reasons why they should change their supply chain to use your services.

#4: YouTube content creator

YouTube has provided a platform for many people to earn handsomely from their homes. As a YouTuber, you make videos and then make money from those videos. All you need to have is a unique idea or skill that you want to share with the world, a proper set-up, and then video making and editing skills.

Being a YouTuber is a great way to have fun while making money. However, you have to be committed and hard-working to get to the place where you become a household name. Dedication is key.

You may need to invest in several personal development courses, and have a chosen area of interest that you specialize in. YouTube channels that deal with areas like crocheting, cooking, lifestyle, and travel have lots of following. Have a plan that helps you stay on track and consistently follow your YouTube channel’s goals.

#5: Makeup artist

Many people are not courageous enough to take up a career in the makeup artistry. But while it may seem like a tough path to take, it is possible to have a successful career as a makeup artist — even from home. You don’t need to have a beauty salon.

Many Pakistani women consider makeup to be an essential part of their lives. No matter where you are situated, there is an opportunity to succeed if you just put your heart into it.

You must practice continuously (friends and family are available for this reason!). Be sure to be in the loop on social media. Study existing makeup trends.

Quality makeup products can be expensive and you may have to learn the skill professionally. But once that is done, you can earn a good income from your home. You can boost your business reach by putting your work online, blogging, or getting a website.

#6: Photography

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Photography is a perfect skill to have if you want to work from home. When you are not having individual photo sessions with clients or covering events, you have the rest of your time to do as you please.

Photographers are needed in every event. From birthdays to baby showers to bridal showers to weddings, funerals, and even corporate dinners, photographers are an important part of most events.

Once you acquire the skill, all you need to invest in is a good camera. There are free and paid photography courses in Pakistan. You can also develop your skills through online training. As with other skills, more practice will make you a better photographer.

Create a portfolio, do a couple of volunteer photography for a wedding or a corporate event and distribute your photographer’s business cards. You are ready to start a photography business.

#7: Freelancing

Freelancing means working as an independent service provider rather than as an employee of a company. Freelancers are often considered to be self-employed. They have the freedom to pick and choose their projects and companies that they would like to be associated with. They are often referred to as independent contractors.

In recent years, freelancing has become one of the most profitable small investment businesses in Pakistan. Although it is not the easiest thing to do (there’s often a lot of competition), once you have a personal brand, you can carve out a niche for yourself and stand out in your chosen field. Just ensure that you are exceptional at what you do.

#8: Graphic Designing

A graphic designer takes information from a person and turns it into alluring visual content. Graphic designers are responsible for creating many things that you see and use every day. This includes branding, books, magazines, apps, adverts, packaging, logos, badges, maps, and websites.

As a graphic designer, you’re not just limited to designing logos, books, and brand packaging. You could be an artist, a motion designer or a concept artist. These are skills that can be learned online for free or for a fee.

If you are working from home, you can be a freelance graphic designer. You’ll work with some amazing, creative people while having the desired flexibility in your career. As a self-employed graphic designer in Pakistan, you must be flexible. You can offer your services on different freelance platforms and work remotely.

#9: Tourism agency

More and more, Pakistan is opening its doors towards tourism. This profitable business is sure to become even more profitable as more tourists find their way into Pakistan. The country has the opportunity for growth within the tourism industry as some of its local political and war-related tensions have calmed over the years.

Tourists will need guides because of the language barrier. The local tourism agency is designed to provide a rounded local experience for the tourists, in exchange for a fee. You can start this business by setting up a simple website that offers your tourism services. Then go on and map out the top 5 things that tourists must do to get a good feel of Pakistan.

Then you could rent a van and take your clients on these local experiences. A unique perk to this business is that you get to meet different people and have exciting experiences while you’re on the job.

#10: Real estate business

This can be done on a part-time basis. All you need to do is to keep an eye on potential opportunities for real estate investment around you. Then you can have a platform where buyers and sellers get to connect. You get a commission for whatever sale is carried out through you or your platform. This is a very convenient and stress-free way of earning money.

With time, you may even be able to bring on employees as your business expands, who may also choose to work remotely.

#11: Home-made food production

Pakistanis prefer homemade food. If you need low investment business ideas, try preparing homemade food and making it available to those who are away from home. This can prove to be a very profitable business idea to go on within Pakistan.

You may choose to set up a kitchen to specialize in a particular type of food that is loved by a large number of people in Pakistan. An example is Halal. Halal refers to food material, ingredients, and production process, which is permissible for Muslims to consume.

Pakistan is the second largest Muslim country in the world. As a result, Halal breakfast and dessert dishes are more popular than ever. You could set up a Halal kitchen to make different creations of various meals upon request.

#12: Social media/online marketing

Social media and online marketing are currently booming in Pakistan. The basic things to have to start a social media or online marketing business are a laptop or a mobile phone, power, and internet connection.

This type of zero investment business does not require a lot of skill. All you need is to understand the basic use of social media and how to promote or advertise any small or large business on various platforms.

Social media marketing is a key tool to help manufacturing companies and industries in Pakistan reach new customers. If you are interested in social media marketing, you can start your business by offering your services to a local business such as a Halal food vendor or maker of herbal medicines.

Help the business owner reach their target customers and potential clients, and they will pay you handsomely for your services. If you are good at what you do, you will stand out. Your business in Pakistan can grow to other industries with time and thus expand your clientele.

Business Management/ What is Master in Business & Management by [Idopedia]

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Business & Management is one of the most popular fields of study, teaching you everything there is to know about running a successful business. Business & Management includes subdisciplines like Project Management, Business Administration, Finance, Marketing, Human Resource Management, and others.

A Business degree, such as an MBA or a Master’s in Management will cover all aspects related to conducting business. This includes managing and motivating your team, understanding the way the company makes money and how to reinvest it, how products are advertised and helping the company grow and develop business both at home and internationally.

During a Bachelor’s or Master’s in Business & Management, students will learn how to improve and make businesses more efficient. You will discover ways of increasing the revenue, hiring better people and knowing when to invest, and where. Your leadership skills will be highly valued, especially if your goal is to take on a management position after graduation.

The world of business is huge, and the tasks you will have while working for an enterprise can vary a lot. Your help might be needed for marketing strategies, or you will be asked to analyse the budget and see if you can reduce some of the expenses. You’ll also be in charge of projects, making sure they are completed on time and evaluating results at the end.

One thing is clear: you will have a lot of responsibilities on your shoulders. A career in management is great if you like challenges and enjoy pushing your limits. To succeed in Business & Management you’ll need a wide variety of interpersonal skills. Great leaders know how to manage teams, encourage people and help them develop.

Graduates of Business & Management can pick any career path they wish, but the most popular are: entrepreneurs, forensic accountants, project managers, bankers, international business specialists.

What is Business Management?

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BUSINESS MANAGEMENT OVERVIEW

As a business manager, you are given the major responsibility of managing administrative tasks for a business. A company may expect you to assist with its marketing program. A company may also want you to perform a budget analysis in order to find out ways that the company can cut costs. You should have an astute understanding of accounting, marketing and administrative procedures that are required in order to run a business.

The competition for business management positions can be fierce. You should obtain a degree in business administration, accounting or marketing if you eventually want to obtain a business management position.

Salary

According to the Bureau of Labor and Statistics, the average salary of a business manager is about $77,000 a year. The position is expected to grow by at least 15 percent in the next ten years. Businesses will be facing increased demands as they try to adjust to online commerce. If you have a specialized knowledge of online sales, then you may find that you are easily able to find a position as a business manager. Companies will also be seeking individuals who have an accounting background and are able to cut down on the costs that a company faces.

Education Requirements

To become a business manager, it is essential to possess a four-year bachelor’s degree in administration, accounting, finance or marketing. If you have a special certification, such as a CPA license, then this can also be beneficial if you apply for a position as a business manager. Companies are now hiring individuals who can also assist with financial operations. You may need to do compliance work for a company to ensure that the company is adhering to the recently passed financial regulations. Companies are also looking for individuals who now possess a master’s degree in business or accounting. You should expect to obtain an MBA in management or accounting at some point in your career.

Skills Required

To excel as a business manager, it is essential that you have strong analytical abilities. You will need to foresee the demands that a company will face in the future. It is also important that you have an ability to work well with other people. You should be able to work with a variety of personalities. Employees will look to you for leadership and motivation. You should be able to inspire employees to excel in their work during high-pressure times for the business. You also may need to possess strong accounting skills if a business expects you to perform a budget analysis of its operations every month.

Responsibilities

Typically, the responsibilities of business managers involve overseeing operations, reviewing contracts and helping employees reach their top productivity levels. A business manager may also  be called upon to supervise or train new employees. He or she may also need to assist with planning certain events for a company. A business manager plays an important role in the operation of a company, and it is essential that he or she can deal with heavy loads of stress.

How to Create a Pro Forma Income Statement 2021 [idopedia]

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Gardening Consultant

Gardening is really big. Many people like to do their own gardening but they can use a little bit of help! That’s where you come in! Maybe you specialize in flower gardens or vegetable gardens, or even something more exotic. You will need solid expertise, but you will find a clientele willing to pay for it.

Home Bakery

One of the challenges of running a home bakery will be finding customers. That basically means going out and selling your products to stores, restaurants, cafeterias, caterers or anyone else. You want to find customers that you can service on an on-going basis and that you won’t have to travel too for to reach. You may want to canvas potential resellers even before you decide what products you plan to be baking.

Home Inspection Business

This is a good solid business. Everyone needs their house inspected before they buy it. Network with real estate agents. Become known for being a meticulous home inspector. Leave you clients with a thorough, detailed report.

Local Marketing Service

With the wide array of digital marketing options to consider, not to mention traditional options, local businesses increasingly need outside help to develop and execute the best marketing strategy. To get going in this field you will need to be familiar with the most popular online and offline marketing venues, and be comfortable selling your services to local business people.

Manufacturer’s Representative

Even in this digital age, there remains a huge market for independent sales reps who sell the products for a number of different companies to other businesses. You will typically work on a commission basis which means income will start slowly, but established manufacturer’s reps can make a lot of money over the years.

Music Teaching

Refusing to accept that I had no musical talent, my parents took me to many music teachers over the years, from a home based piano teacher to school based trumpet teachers. If you are patient with young students or talented enough to work with more experienced musicians, this could be a very satisfying way to make some good money.

4 Best Small Business Ideas In Pakistan by [idopedia]

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1. Travel Planner

The time of the ravel agent might be passing, but people are still looking for those with a knack for more nontraditional travel coordination. If you always plan the perfect vacations complete with beautiful hotels, the ideal location, and a bevy of delicious restaurants lined up for every evening, consider advertising your services as a more modern approach to travel planning.

2. Car-detailing Specialist

The devil is in the details and you can be too. Car-detailing services that travel to the client are convenient for busy people who can not find the time to run through the car wash. With this business, your clients only have to pay and the service will be done for them before they know it. Just make sure you have the flexibility, transportation, and equipment to take your business on the road.

3. Home Inspector

Working as a home inspector requires a certification and a great deal of expertise, but it can offer a flexible work schedule and stable income. Confirm the licensing requirements in your state before getting started with this type of small business. You’ll want to make sure you’re providing the best service to your clients by having all of your credentials in order.

4. Nonprofit Owner

If you dream of devoting your life to a cause you believe in, it might be time to start a nonprofit. You’ll need to incorporate your business and file for 501(c)(3) tax-exempt status — and then you will be required to meet ongoing standards of compliance, but the payoff is making a meaningful impact on a cause you believe in.

18 ways to learning Business by [idopedia]

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The following Point illustrates the question

  1. Liberty to make a quick decision.
  2. Physical rest. 
  3. Unlimited money.
  4. Fame with time.
  5. Health.
  6. New People, New experience.
  7. Respect and Honour.
  8. Good family relation (Exceptional, not good)
  9. Travelling become a habit.
  10. Learning from experiences.
  11. Every day brings some novelty.
  12. Create employment.
  13. Make new friends for mutual interest.
  14. A new challenge every single day.
  15. Available for family and friends (Exception)
  16. Start with sweat and end with money, fame, love and respect.
  17. Have abilities to lead a team.
  18. Big target which is achievable.

What can you do with a bachelor’s in Business Management? by [idopedia]

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Since job opportunity and salaries tend to be higher with a bachelor’s degree, this option is a great choice if you can invest the time in the education upfront. Learn more about the five most common jobs for professionals with this credential.

1. Marketing manager

Marketing managers estimate the demand for products and services that an organization, and its competitors, offer. They identify potential markets for the organization’s products and oversee a team that develops strategies to maximize profits.

2. Sales manager

Sales managers are the professionals responsible for setting the strategy behind sales initiatives and goals. They resolve customer complaints, prepare budgets, monitor customer preferences to determine the focus of sales efforts and analyze sales statistics.

Most sales managers direct the distribution of goods and services by assigning sales territories, setting sales goals and establishing training programs for the organization’s sales representatives. This may also involve recruiting and hiring new sales staff and evaluating their performances.

3. Business analyst

Business analysts spend their work days gathering data concerning problems or procedures within a company. They then analyze the collected information to conclude possible solutions or alterations. New procedures are designed based on interviews conducted with employees, on-site observation and close study of company documents.

4. Financial analyst

Financial analysts conduct qualitative analyses concerning a company’s finances and investments. They compose charts, graphs and spreadsheets; forecasting business, industry and economic conditions through analysis of financial information. They also determine the prices at which a company should offer its product to the public market and prepare investment plans that capitalize on their financial analysis.

5. Account manager

Account managers act as organization’s personal representative to a client. They foster client relationships, work with sales and marketing teams to find new clients, prepare presentations and sales pitches and communicate client agendas to the rest of the company. Depending on their employers, these professionals may work with individual customers or clients who represent entire businesses. Monitoring budgets and explaining cost factors to clients are also part of this role.

What can you do with an associates degree in Business Management by [idopedia]

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The data helped us identify five common jobs seeking professionals with this credential.

1. Bookkeeping, accounting and auditing clerks

Workers in these realms focus on monitoring and maintaining a company’s financial records. Duties typically include coding documents according to procedure, recording and summarizing numerical data on behalf of the company and reconciling any financial discrepancies found all while complying with federal, state and company policies.

2. Administrative assistant

Administrative assistants typically answer phone calls, schedule meetings, update database information, prepare invoices and manage incoming and outgoing mail. These employees must be organized and detail-oriented, as they are responsible for a variety of clerical tasks that keep businesses running smoothly.

3. Sales associate

These workers can be found in a wide range of industries—if there’s a product or service, businesses need someone to help sell it. They offer expertise on merchandise, answer customer questions and process transactions. Many of these positions have the potential to earn commission, which can give you a nice boost to your earning potential if you find the right situation and pay structure.

4. Customer service associate

It’s right there in the title—customer service associates are all about serving the customer. Whether it’s listening to a customer’s questions or concerns, placing orders, providing information about products and services or recording details of customer contact information, these business professionals make sure customers and clients are seen to. Patience and understanding go far in this position, because customer service associates are often listening to customer complaints and working to solve then.

5. Personal banker

A personal banker handles a client’s entire relationship with a retail bank. From loans and personal accounts to trust funds and investments, these bankers have a wide range of knowledge about the products and services a bank offers. They can provide great customer service by answering clients’ questions and helping them make the right decision for their finances. They are the central point of contact for clients.

What is a Business Management degree? by [idopedia]

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Before exploring the many Business Management degree jobs out there, it is helpful to familiarize yourself with the educational elements that help equip students for such positions. The curriculum in a Business Management program covers the fundamental business acumen needed to succeed in this dynamic industry.

Regardless of the degree level, Business Management majors can expect to learn more about business principles, organizational effectiveness, data analytics, relationship management and more. Let’s take a closer look at the types of courses you can expect at the associate’s or bachelor’s degree level.

Common Business Management associate’s degree courses:

  • Principles of Finance
  • Business Analysis and Intelligence
  • Human Resource Management
  • Functional and Project Management
  • Customer Service

Common Business Management bachelor’s degree courses:

  • Accounting for Business Managers
  • Business Law and Ethical Behavior
  • Financial Decision Making and Risk Management
  • Dynamic Team Development
  • Organizational Behavior Analysis

Business Management jobs to consider

The courses listed above help equip Business Management majors with a versatile skill set that can be applied to a variety of positions in the field. There are plenty of viable options for both associate’s and bachelor is degree holders. Let’s explore some common Business Management careers.

Best Motivational Speeches By [Idopedia]

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Who couldn’t use a few of the best motivational speeches for entrepreneurs?

Business can be hard. Heck, life can be hard.

We’re all on a journey, and we’ve all been down in the dumps before, wondering if what we’re doing is really worth it.

Wondering if what we’re doing is really making an impact.

But, it’s important that we’re always moving forward. This is a lesson that I learned early in life.

I remember I was around 4 years old, and I was learning to ride my bike with my uncle and my father.

Of course, I fell off multiple times while I was learning to cycle, and I remember the time I cut my knee pretty badly.

At that point I really just wanted to quit and go home. But, my family told me: “you can’t quit now, you’re almost there. Just try it once more!”

You’ve probably heard that before too, right?

You’ve probably heard that before too, right?

So, I got back on that bike. I didn’t want to, but you just need to power through and face your challenges head-on.

Sure enough, that was the first time that I rode that bike without any help.

After that, I was so glad I kept moving forward and that I never gave up.

Now, that probably wasn’t the motivational speech that you expected when you clicked on this article, but it’s evidence that we can do so much more than we think we’re capable of when we’re spurred on by others.