Pranam! Are you a budding entrepreneur who is on the lookout for business ideas in Bihar? Opportunities? If yes, then we bring you a detailed list of the same. So read on.
One second, before we proceed we want you to know that if you like any of the below-mentioned ideas then you will need proper business management and here we are with the tool that can help you with your business management. Click the button below and download Lio.
Where the other states are competing with each other when it comes to business and economy, Bihar is still a developing state that is growing slowly.
Being a developing state, Bihar offers quite many business opportunities for people that are both small as well as mid-sized. So here’s what you can start when it comes to business ideas in Bihar:
Key Points to Keep in Mind Before Starting a Business in Bihar
While thinking of business ideas in Bihar, there are a few things that one must keep in mind before starting it:
- Make a thorough and executable rough plan
- If you are not financially comfortable, get a loan or funding before starting any business.
- If your plan is to open a shop and you can’t find a good space to open one, lease a commercial place.
- Get all the permits and licenses before starting your business.
- Design your shop in a way that will attract customers.
- Read all about the marketing strategies and follow them carefully.
- Use social media for marketing purposes and to reach new customers and retain old ones.
- Try a grand opening so that people will know the brand.
- When it comes to products, maintain the quality and do not compromise on that.
Now, let’s look at some of the most popular business ideas in Bihar that people can choose from to start a business of their own.
Best Business Ideas in Bihar
These are some of the most popular business ideas in Bihar for anyone who wants to start a business of their own.
Tailoring is one of the most popular businesses that you can get into in Bihar. Where many people are today purchasing ready-made clothes, there is always a need to alter them. There is also a huge margin of people who still like to get their clothes tailored and made by them.
Hence, this makes for a good business idea and one which will never die down. To set up a business you need to have the basic machinery and you can start from the comforts of your home. If you have a knack for fashion and are creative, you can start your boutique store where you can get a few good tailors on board and get creative with your job.
The demand for honey has increased at a high rate all over the world since people have gotten more concerned about healthy living. Honey is known for being organic and for its healthy properties and is very beneficial and a healthy switch from sugar.
Hence, getting into this industry is definitely one of the new business ideas in Bihar. The investment is minimal and it requires less infrastructure.
To get into this and think of various business ideas in Bihar start with beekeeping which has additional advantages like maximizing the growth of crops with the help of cross-pollination along with providing for pollen, wax, and venom. If you get into this business, you would get full support from the government.
Pickles are very popular in India and are found in every household. The pickle market is massive as there is a huge demand in our own country and overseas.
There has been an increased demand for pickles in many other countries as well. Setting up a pickle-making business is easy and can be done from home. The set-up cost, machinery, and labor would almost be equivalent to none.
Ideal for women, who can zero down on what pickles they want to start making. One can make a huge profit out of this business and make sure that the raw material used is only the best of standards.
Bihar is a definite emerging market for beauty salons and is one of the most profitable business ideas in Bihar. You can either start your own brand or buy a franchise of one of the popular beauty salon names in the country.
If you have skills, you can initially start giving home services to people and later switch to buying or renting a space for your salon. One thing to be mindful of is skills, location, expertise, and business operation. The demand for fancy salons is high in Muzaffarpur, Patna, Gaya, etc.
- Location 200-300 sq ft area – 10000 INR monthly
- Grooming items – 50,000 INR monthly
- Salon establishment – 50,000-70,000 INR
- Expert Stylist – 15000 INR monthly
Also Read: Business Ideas for People In Assam
Popular as the aquaculture industry, Fish cultivation is a popular business to be done in the villages of Bihar. Given the many natural resources and perfect climatic conditions to cultivate fish like colisa, eels, glassfish, loaches, and puntius.
Fish Cultivation is one of the popular business ideas in Bihar and covers a good opportunity for people as the Bihar government is already offering finances contributing to 50% of the capital needed to open more ponds. Thanks to the state government, there is an expected rise in fish farming and many entrepreneurs are reported to earn easily lakhs from this.
This may come under small business ideas in Bihar but definitely requires a considerable expenditure in the initial phase with creating ponds, equipment, and chemicals.
Also known as Chakki, Wheat mills are another one of the great business ideas in Bihar that one can choose to do in the city. This is a profitable business mainly because of the state’s good climate. Bihar is known for having ample water, inexpensive land, ample water, and a huge variety of crop-producing plains.
All small-scale farmers charge a premium price and grow wheat. Bihar is also known for its rich crop fields, which offer the supply of white and brown rice to the global population continuously.
To have a successful business one must make use of proper equipment such as Besan Making Machine, Atta Chakki Machine, etc.
Lio makes all kinds of tasks and management easy for farmers with its templates and features.
Value of capital expenditure:
- Equipment for wheat milling – 65,000-75,000 INR
- 250 kg grains each day at a cost of 1100 INR (4 rupees per kilogram) = 1100*3= 33,000 INR per month
- Power, rental, and servicing – 15,000 INR per month
- Total budgeted profit per month – 33,000-15,000 = approximately 18,000 INR
Bihar’s literacy rate has increased by 20% and hence there is a huge demand for good computer training. Opening a computer training center is one of the profitable business ideas in Bihar as long as you know how to market it. From children to adults, everyone wants to learn about computers and wants to excel at them.
You can either teach people on your own or hire professionals who can teach the customers. You can also have a tie-up with other schools or colleges.
- 300-400 square feet place – 15000 INR rent monthly
- 10-15 laptops – 20,000*10= 200000 INR, you can ask adults to bring their laptops for better study
- Desk and setup – approx 25,000 INR
Some Of The Profitable Computer Courses Are:
- Digital Marketing
- Ethical Hacking
- Web Development
- Web Designing
- Artificial Intelligence
A valuable business opportunity in Bihar especially among the youth, the transportation company is a great business to start. The sector contributes a significant share to the state’s economy, therefore has significant scope for the younger generation.
This is a highly profitable business that needs smart and strategic execution. Although this sector is competitive since many private companies have started their operations, by providing affordable and reliable service, this business can be successful in the state.
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Value of capital expenditure:
- Determine the expenditure cost by automobile type.
- A tractor for payload transporting.
- A minivan or MPV for the taxicab services.
- Approximately 5-6 lakhs INR for a compact and medium Tata tractor2.5 – 4 lakhs INR for a taxi (varies model-wise)
Fact– 35 million children under the age of 14 do not attend school, and almost 53% of girls under the age of 10 are illiterate. In India, 53% of the population has primary schooling and 20% population has secondary schooling degrees.
The problem is also that some schools are unfunded, some too expensive to afford, some schools too far and some also not very good teachers. Illiteracy is definitely one of the major problems in India, especially in Bihar, and what better way to solve it than you doing something about it?
Opening an online tutoring center or providing a physical tutoring service is one of the best business options that you can do in Bihar. It requires low investment and there is no limitation to growth.
Start from a small scale and slowly grow by adding more students, qualified teachers, and even various subjects. From teaching school children to college students and even preparing the youth for various entrance exams, you can provide coaching for all of this and more.
In a state like Bihar, students need more and more quality teachers who can prepare them for tough exams such as UPSC, IIT JEE, and more like that.
Things To Consider Before Starting Out:
- Proper Business Planning
- Structure Of Your Business Model
- Subjects You Will Include
- Market Research
- Service Description
- Goals And Objectives
- Sales And Marketing
If an investment is not a problem for you, then getting into the restaurant business is one of the best business ideas in Bihar. The restaurant business can be a profitable one if you maintain your restaurant properly and take good care of it. In this business, you can make a profit of up to 25% per year.
Plan your business and think through all the possible challenges. Look for a nice place to invest in which is in a good location. Hire a responsible and diligent staff that will help in taking your restaurant one step ahead and then finally a good chef who makes delicious food and can offer variation.
Another thing you need is a centralized system to track restaurant info like customer details, income, cash expenses, etc. so you can easily know how well the restaurant is performing.
The brutal truth is that 90% of restaurant businesses fail during the first year because of proper planning and marketing. Besides that, another main reason behind unsuccessful restaurant businesses is not knowing your targeted audience.
There are mainly 5 types of targeted audiences in restaurant businesses that are:
- Seniors ( Seniors Include People aged 65 Or More )
- Baby Boomers ( People Born Between 1946 And 1964 )
- Empty Nesters ( People Who Are In Their Early 50s )
- Generation X ( People Born Between 1965 And 1980 )
- Generation Y is also known as Millennials ( People Born Between 1980 And 2000 )
Things to keep in mind before starting your restaurant business in Bihar:
- Choosing your restaurant concept and brand
- Create a good menu list
- Write your restaurant business plan
- Raise funds
- Select a proper location or rent a place
- Get required permits and licenses
- Design your restaurant
- Hire proper stuff
- Advertise your restaurant
- Rent deposit – 1 lakh
- Kitchen equipment and accessories – 2 lakhs
- Furniture and interior – 2 lakhs
- Labour and light bill – 50,000/ Monthly
- Raw Materials – 50,000 – 70,000
Keep in mind that opening cafes and restaurants outside colleges, schools, and tuition centers will be a lucrative business opportunity you can target people who will make the most of your venture and are always looking out for interesting food to try.
Xerox and Printing Shop
This is a small and profitable business for anyone who wants to start slow. It can be done from your own house or you can rent or buy a small space to do so.
Purchase xerox and printing machines and start making a lot of money. A tip, open your printing shop near a school, college, a government office, or even a court and you would be running in profit and never go out of business.
- Shop rent, Deposit – 50000 INR
- Printing machine – 12000 INR
- Xerox machine cost – 150000-300000 INR
- A computer system – 20000 INR
Mobile and Accessories Store
Undoubtedly India is a profitable market for mobile and accessories stores. This market is only grown in recent years which means it is a profitable investment. They are owned by everyone around the world and even in the smallest parts of the country.
From kids to adults, everyone is obsessed with it and hooked on them; hence getting into this business is one of the smartest decisions you would make.
What you would require is some initial investment, proper execution, the right strategies, substantial experience, knowledge and adequate industry research, and a supportive team.
Things to keep in mind before starting a mobile and accessories store business in Bihar:
- Get a license for your mobile accessories shop or if you want to sell your mobiles in online marketplaces such as Amazon, Flipkart, or Snapdeal then you need to get your GST form number. You can easily register your GST.
- Know your market and what you are selling
- Understand your competitors and their best offers
- Select a proper place for your shop
- Make sure you are available with different forms of payment methods.
- Advertise your shop locally
- Give attractive offers
- Choose proper supplier
- Make sure that you have your presence online
There are lucrative opportunities for women in Bihar as it is one of the largest agricultural states that have high productivity. This business requires minimal investments while you get regular income.
You can set up a low-cost business that offers papads of different tastes which is going to be highly profitable as they are consumed all year long. Apart from just papads, you can buy many different snacks as well.
Other Small Business Ideas In Bihar
There are several other small business ideas in Bihar that you can opt for to start something of your own and some of them are:
- Tire retailer
- Fresh juice parlor
- Supply of bottled water
- Hobby classes
Also Read: 10 Business Ideas in Chennai
How Lio Can Help With Your Business in Bihar?
Imagine you get into any business and slowly you are getting flooded with data, lists, details, and information of all kinds. If not kept in one place, you can easily lose track of this data without feeling overwhelmed to carry data with you.
Maximize Your Online Business Potential for just ₹79/month on Lio. Annual plans start at just ₹799.
The easiest way to do this is to use the Lio App. It helps you in organizing your data in the most convenient way. The many amazing features of the app only make usage a lot for easy and more helpful. Whether it is your personal data or professional, Lio helps you with all.
So as you start your business in Bihar, you can use the Lio app to track every kind of activity and important information that you would need.
From uploading pictures to collaborating and sharing files, from uploading a document to locking the file and using various templates, Lio is the one app that would help you while running a business.
Step 1: Select the Language you want to work on | Lio for Android
Step 2: Create your account using your Phone Number or Email Id.
Verify the OTP and you are good to go.
Step 3: Select a template in which you want to add your data.
Add your Data with our Free Cloud Storage.
Step 4: All Done? Share and Collaborate with your contacts.
How Lio Automation Can Help You Business Process
Business automation is used by not just big businesses but all entrepreneurs and start-ups. It is something that has really helped companies run a smoother process and learn from their mistakes. Companies who have adopted automation have really made a mark and have from 10X faster with the best possible results.
Lio Automation gives you many amazing features that make your work super simple and effective. There are very many features that will help you and your business in various aspects. From connecting and staying in touch with your customers, to working together as a team, and everything in between, Lio Automation will truly make your business run smoothly and make it reach new heights of success.
If you are using Lio Automation for your business processes consider all your data safe and secure all the time. Not only is the data saved in the cloud, but it also offers a data versioning feature in which you can actually see the many changes the document or file has gone through and who has made those changes. You can save the version of the file as required by you.
Another great feature that Lio Automation offers is color formatting the sheet. Colour formatting can help bring information and more clarity to the audience. Applying colors to different parts of any data will let you narrate a more effective story that easily catches one’s attention as well.
Since customers are a big part of any business and staying in touch with them is a crucial job, Lio automation gives you the ability to automate Whatsapp communications. Automating WhatsApp communication is another popular trend that businesses can benefit from. With the help of this, you would be able to save a lot of time, boost your customer retention and renewals, save a lot of money, lower operating costs, and much more.
Not just this, Team management and work allocation are made super easy with Lio Automation. You can also work with teams in real time and see all the changes happening.
You can share invoices and receipts with your customers while also sharing the payment links with them to make the whole transaction process smoother and absolutely hassle-free for everyone.
There are several other amazing Lio automation features that are made so that you and your business can benefit from them. Excited to know more about it? Start with your Lio automation process for your brand and start your journey to success.
Bihar being a developing state offers a lot of business opportunities in diverse markets. You can study the market, know the challenges, and as per your interest and resources pick a business that you would like to get involved in.
Once you start, remember to give it your heart and soul and work hard to make the most of this opportunity.
As per me, I have read a lot that many of the above-mentioned businesses are doing exceedingly well in Bihar. People are running the business and are aware and prepared for all the challenges they might face. Do your thorough research on each of these business ideas in Bihar, choose the one of your interest, start with the initial plan and thank me later.
Frequently Asked Questions (FAQs)
Which business in Patna, Bihar, is the Easiest and safest to begin?
The best businesses to do in Patna are:
– Management consulting
– Professional tutoring
How to find the Right Business Opportunity for Bihar?
To find the right business opportunity, you must network with other small business owners, explore your area’s opportunities, determine your expenses, and craft a mindful plan.
Which areas are the Greatest for Investment in Bihar?
The top areas for business opportunities in Bihar include the following:
– Clothes boutique
– Publishing house
– Digital services
– Promote handicrafts
Which sectors in Bihar are best for Business?
Silk production, jute textiles, and sugarcane are among the best sectors to start a business in. Other than this there is a supermarket, cafe, tutoring schools, and resorts.
Name The Best Business Ideas for Muzaffarpur, Bihar.
The best and most popular business ideas for Muzaffarpur are:
– Catering Business
– Tuition Centre
– Event Management Business
– Flour Mill
– Bar or Beer shop
– Retail Shop
Name some of the Best Businesses for Sale in Bihar.
The best businesses for sale in Bihar are:
– Design and print garments
– Create your digital services
– Writing and launching a book
– Sell handicraft products
What are some of the Business Ideas in Bihar and Jharkhand?
Some of the most profitable and low-investment business ideas in Jharkhand are:
– Detergent or soap manufacturing
– Steel manufacturing
– Paper bag manufacturing
– Computer programming or software development training