Small Business in Karachi
How to start a small business in Karachi
Limitations of starting a small business in Karachi
- You can never be sure of anything sounds brutal but true, in a moment the streets will close down, there can be a sudden political change in the city and other kinds of political crisis
- Electricity- The biggest crunch! One year KE will be kind on us, as the load-shedding is only for 1 hour and the other year it could be 3- 4 times for 2 hours without warning
- Traffic is getting worse, I mean how is the growing population going to move around? In the last year alone more than 200,000 were sold in Pakistan, out of which Karachi alone holds a big number.
- Resources, water, gas, electricity; the city faces a crisis of resources. And no area is exempt from it.
- Corruption, one can’t turn a blind eye to it, but it still very much exists. It’s not always easy to make the ride, corrupt people won’t let anyone get away without having their share.
- Many businesses are hijacked by bigger corporations, so you need to figure out your niche.
These points are surely spine-chilling but a smart, witty and well-planned mind can definitely conquer all odds and make it happen. So don’t lose hope!
Small Businesses (services) in Karachi
Any kind of service that you tend to offer is counted as a service business.
Beauty parlor, tutoring, tailor, home-based baker, catering services etc all such business are pretty booming too.
So if you have got a talent, such as teaching, designing, coaching, then you really can start with zero investment! All you have to do is collect clients and start off. But make sure that you are consistent in your work and have excellent interpersonal skills because you are your own brand. Your talent is actually what you are selling. In order to succeed you better be good at it.
Your Current Financial and Family Standing
If you already have a job, and are married, have kids, be very vigilant about your plans, because a new business will require most of your time and energy, you need to plan ahead for the consequences that your family might face. ( I would suggest, try to come up with a plan in which you can keep your job as well as focus on your business) sounds hard but if executed properly you can do it!
Your location (suppose you plan to open up a retail shop ) then you know the saying, location, location, location.
So if you are living in Gulistan-e -Johar and want to open the shop in Clifton consider all odds possible, because time and distance will cost you.
Now comes the actual question “how to start a small business in Karachi”?
Starting from scratch really means everything from planning to execution and staying in the loop.
But what will work and what won’t, Do I have what it takes, or am I being crazy? How do I convince my family? Will I be good at it? These are all the first basic questions that arise before we want to start something new?
Popular small businesses in Karachi
Home based bakery
Auto spare parts
Online ladies garments
But how to select your product/ business type? Is the big question and especially if you don’t have any previous experience.
There are usually theories;-
One can’t deny the importance of public or market research but what if you step into a field which is only high in demand of the market but you have very little or zero interest in it?
Here is the place where niches and sub-niches come in to play.
How to start a small business in Karachi (selecting your product)
Find any field, anything that you are passionate about, and go for it.
But what if you are not passionate about anything that could be turned into a business?
Well then the process can be broken down into following steps
So from the above just pick one and go for it.
Let’s consider an example, you enjoy cooking. You like food, you like watching recipes and are good at cooking.
Considering food as your niche, how will you start a small business in Karachi, with low investment?
Since your investments are limited you cannot set up a restaurant right away, but you can always cook for customers.
So just with the 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 really cook well then people will like you and give reviews about you.
But always consider your competitor. Are there other people also doing the same thing? Well then try to improvise, if they are cooking desi you cook Chinese, or pasta anything that’s different but in demand.
But always make sure to put forward your limitations for a food business, as you will need 24 hours full supply of gas, fresh supply of fruits and veggies, utensils, packing boxes and other necessities.
And always always look professional and neat!
(This post is a basic outline answer to the question how to start a small business in Karachi, but there is so much more to share. I will be more than happy to answer your questions, you can always post them in the comment box below or post them on our facebook page.)