Starting small business in Lahore is not that difficult but not that easy as well. It has both advantages and challenges.
If everyone in the country starts to hunt for a job, where will they find the companies which will hire all of them? There has to be the right balance in every economy. Without enough entrepreneurs or business people, the economy cannot function properly.
Entrepreneurs are those who have passion to start their own business and gradually grow it to great heights.
With passing years, new trends and technologies keep on opening more doors to business in new ways.
We try our level best to provide here some of best resources, articles, tools, training and software to help you start your small business in Lahore. We hope this resources should be useful for you.
Small Business Opportunities by SMEDA
There are some good helpful resources available. One of them is SMEDA. It is Small & Medium Enterprise Development Authority which was established in 1998 and works under the umbrella of Federal Government of Pakistan. It is indeed an ambitious initiative by Pakistan Government which aims to provide support for new business start-ups and also to help grow thousands of small sized businesses in Pakistan.
SMEDA provides the support at all stages. The starting stage
is idea hunting which involves selecting the right potential feasible business
idea. SMEDA has done some wonderful work in terms of providing the free
pre-feasibility studies. These documents are very well researched and provide
all the basic guidelines in terms of market potential, the cost of starting any
small business venture, projected profitability, and the challenges and threats
which it can face.
These pre-feasibility studies can help a lot for those who are seriously interested to launch any small business venture.
There are many real successful business stories supported by SMEDA. They also provide very subsidized trainings to those who are desirous of its need.
Moreover, SMEDA is also supporting the women entrepreneurs (business women) to come forward and set up their ventures.
SMEDA has also set up the Women Business Incubation Center (WBIC) to provide the women entrepreneurs one stop business solutions to conduct their business conveniently. There are many success stories in that respect. SMEDA also holds seminars from time to time to encourage all to come forward with a potential idea, so that they can also help them to flourish.
At the same time, many entrepreneurial people in Pakistan who intend to start small business in Lahore either are not very highly educated or many a time they don’t like to study and learn from books or trainings. I guess there lay all the reasons for their future failure or at the best ending up in mediocrity.
The best investment besides your own business is to invest in yourself. The world today provides lots of resources and worldwide brains just at the click of mouse. And they are all FREE. Despite that there is less inclination to learn the advanced tricks of the trade.
SMEDA is a very advantageous platform as well as an opportunity for those who seek knowledge and desire to advance in their business ventures. Take full benefit of the resources provided by SMEDA to set up your small business in Lahore.
Pre-feasibility studies complied by SMEDA are in the following business sectors. If you are interested, you will have to download it from their website after registering yourself, which hardly takes a minute. However, for your convenience we are providing you the brief synopsis of these pre-feasibilities studies as provided by SMEDA. These pre-feasibility studies are not limited to small business in Lahore but are applicable country wide in Pakistan.
In order to obtain these pre-feasibility studies, you will have to register yourself at SMEDA before downloading. Then you will get the user ID & password to download the desired pre-feasibility study.
It will only take a minute, but it is worth it. And it is FREE.
For registration, you can click on the link: SMEDA Registeration
Small Business Ideas in Lahore
Lahore is a capital city of Punjab which is considered as the most developed city in the province. From last few decades, huge investment has been made in order to improve the city’s infrastructure. Due to good governance and infrastructure, companies prefer to open their head offices in Lahore. You can see hundreds of multinational companies in Lahore which are successfully operating their corporate offices in the city.
It is expected that Lahore will become a new silicon valley in the upcoming years. Every year entrepreneurs are launching their startups and small businesses in the city. Business incubators in Lahore are also playing a great role in flourishing the small businesses these days.
If you want to start your own business, then believe it or not, starting a small business in Lahore is not very difficult these days. There are numerous opportunities and resources available through which wantrepreneurs can pursue their startup dreams. If you are one of them who have strong desire to start their own businesses but still busy in brainstorming for small business ideas in Lahore, then luckily we are going to share some best ideas with you that will not only grow today but also in the future.
There are some other profitable small business ideas in Pakistan you can think about such as starting an eCommerce business etc. If you have solid plans then don’t waste your time for the right time. Start today so that you can get success as soon as possible.
If you think you need legal assistance or startup mentorship, then apply in startup incubators to start your own business. You will not only get assistance but also startup finance to kickstart your dream. Good luck!