NRI Tips: Common Businesses to start overseas!
There are many ways to make a good living abroad, owning your own business is one of them. A business operation and ownership is not for everybody, you have to have an aptitude for ventures, willingness to take risks and understanding of different aspects of operating a business. Depending on your ambitions and circumstances, it may become an around-the-clock effort that comes with equally big rewards and big downsides. Along with the day-dreams of prosperity to follow, you and your stakeholders – family, partners, and investors – should also understand the possibility of losing your shirt.
For those, who have done their homework and understand the pros and cons of opening a business, here are some of the most common ones to consider:
1. Indian Grocery store: In the USA, Canada, England and other courtiers with Indian diaspora, there is quite a bit demand for Indian supplies and common grocery items used in Indian cooking. This kind of business is ideal for the area with high concentration of Indian population. Continue reading