Small Business Ideas Karachi – Hey, budding solopreneurs, entrepreneurs, stuck in a boring routine, confused but willing to take risks, willing to try something new and of course big dreamers for big money. I bet almost every one of you living in this city has asked this question at least once in your life?
Ever since human civilization began, people have traded. Or in other words, people do business. So maybe we can’t help it, the business mind is part of our human evolution ?
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But every time you try to figure out how to start a small business in Karachi, the discussions are very vague and there are so many thousands of unanswered questions.
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First, let’s clarify the difference between a small business and a large business. Is there really a difference? According to many business moguls, every successful small business becomes a big business. And we have seen many such examples in Karachi itself. A successfully operating French fries stand has been converted into a small restaurant. A home designer becomes a brand, a small honey company starts selling honey on the high street alongside big brands like Langanese Honey and so on and so forth.
So when I do research to find facts and figures for business statistics in Karachi, I was disappointed to find none! While the Punjab Government has provided a detailed published PDF of its Retail Report.
This is a problem for everyone, be it a young girl, a boy who has very little investment and wants to start his own small business in Karachi. And since nowadays people always look for information on the internet before making a real decision, and if they are not able to find accurate results, you will definitely get bored and your decisions may waver.
According to Pakistan Bureau of Statistics statistics for 2011-12, the retail sector is worth $4.2 billion, which is about 18% of GDP.
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And with Karachi contributing 20% to the total GDP and being one of the most business-friendly cities in Pakistan according to the World Bank, Karachi certainly holds a large position in Pakistan’s economy.
To many it sounds too good to be true but yes it is, I want to look at it in reality ever since we grew up and became aware of this mega city and the economy of our country, Karachi has always been mentioned.
And there is no doubt that Karachi is the financial center of our country. Let’s not go into the statistics, but yes, Karachi is the largest and most populous city of Pakistan and the third most populous city in the world. I don’t know if population statistics are something to be proud of, but yes, they are
But let me give you one piece of advice if you are thinking of starting a small business in Karachi or any other part of the world;
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Yes, something very humanistic and philosophical, but guess what, business is more of a personal philosophy than one’s own personal property.
So if you have an honest (authentic) product, service, idea that you won’t disappoint with, that’s for sure. But whether your business will be a big hit always depends on one thing and that is it
A very basic question, but that’s what all advertising, marketing, social media presence, PR, etc. involves. They are meant to serve only one purpose and that is to sell.
However, those really smooth perfect lines are easier said than done because the whole process of choosing the type of business to market to can be difficult. And in this very long and arduous process, people often lose hope or give up.
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You see it is not easy especially for those who come from a non-business background. And especially if everyone in your family has always been a 9-5 type of person.
Breaking a stereotype within such a family could almost be like moving a hill. People won’t support you, or they might be confused, unsure, and those who catch you will surely hope you fall flat!
So keeping in mind the family constraints mentioned above, let’s consider the odds before answering how to start a small business in Karachi:
These points are certainly chilling, but an intelligent, witty and well-planned mind can certainly overcome all odds and make it happen. So don’t lose hope!
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So if you have a talent like teaching, designing, coaching, you can really start with zero investment! All you have to do is collect clients and get started. But make sure you are consistent in your work and have excellent interpersonal skills because you are your own brand. Your talent is actually what you sell. To succeed, you should be good at it.
If you already have a job, are married, have children, be very careful with your plans, because a new business will require most of your time and energy, you must plan ahead for the consequences that your family may face. (I would recommend trying to come up with a plan where you can keep your job and focus on your business at the same time) it sounds hard but if done right you can do it!
Your location (let’s say you plan to open a retail store ), then you know the saying, location, location, location.
So if you live in Gulistan-e-Johar and want to open a shop in Clifton, consider all possible chances because time and distance will cost you.
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But what will work and what won’t, Am I good at it or am I crazy? How do I convince my family? Will I be good at it?
But how to choose a product/type of business? It’s a big question and especially if you have no previous experience.
There’s no denying the importance of public or market research, but what if you’re entering an area that’s in high demand but has little or no interest?
Let’s take an example, you like to cook. You like food, you like looking at recipes and you are good at cooking.
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Since your investments are limited, you can’t start a restaurant right away, but you can always cook for customers.
So just by word of mouth or through social media spread the word that you can cook for 30 or 50 people.
Through proper social media marketing and your smart personality, and if you cook really well, people will like you and give you reviews.
But always consider your competition. Do other people do the same? Then try improvising if they cook desi, cook chinese or pasta whatever is different but wanted.
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However, always be sure to state your food business restrictions as you will need a 24-hour full supply of gas, fresh fruit and vegetable supplies, dishes, boxes and other supplies.
(This post is a basic short answer to how to start a small business in Karachi, but there is much more to share. I am happy to answer your questions, you can always post them in the comment box below or post them on our Facebook page.)
I am a freelance writer who enjoys researching and writing about my city. There are so many new businesses opening up in the city that I think honestly need to be re-evaluated for the sake of spreading awareness and information among the citizens. With so much going on in the city, I like to write about “Good Things”. Apart from writing, my other hobbies are healthy cooking and travelling. Karachi is the largest and most populous city of the Islamic Republic of Pakistan. It is the financial center of the country. The city contributes about twenty percent to the total GDP of Pakistan.
According to the World Bank, Karachi is the most business-friendly city in Pakistan. In Pakistan’s economy, Karachi has a really great position.
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A lot of people plan to try their business luck in the city and actually succeed. However, in order to start a business, you need to choose the right idea and the right business plan. Some of the best small business ideas in Karachi that can turn out to be so lucrative are as follows:
In Karachi, weddings are celebrated in a very special way. People are always ready to spend a large amount of money to plan their wedding in the best possible way.
If you are good in event management, decoration and communication skills, you can definitely start a business and earn big profits in a short time. Later, you can also add photos, videos, etc. to your services.
Karachi has amazing beaches including Hawke’s Bay, Clifton Beach, Paradise Point, Sandspit Beach, Cape Mount and Turtle Beach. You can think of opening a small and cool cafe on the side of any of these beaches you see fit.
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It can be a lucrative business as many people visit it
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