If you are looking for business ideas in Bangladesh or going to start a new small business in Bangladesh you have come to the right place. In this article, I have shared 30 small yet high profitable business ideas in Bangladesh.
Now, Bangladesh is growing rapidly and this is the right time to start your business. There are many small entrepreneurs who want to start their business but lacking ideas. In this article, I have tried to provide you the best business ideas that you can easily start in Bangladesh. So, here are the top 30 small business ideas in Bangladesh
Think about finance: Capital plays a vital role in starting any business. If you at least 30% capital of total investment then you can apply for a loan. But I always recommend skipping taking a loan for starting a new business from scratch.
Planning your steps: Planning each step of your business is highly recommended. Not only how you are going to execute the business but other things as well like initiative cost, product import, labor, location, and marketing strategy
30+ Small Business Ideas in Bangladesh 2020
Starting a new business is not a joke so it’s very important to understand and focus on each and every aspect of the business. If you can draw a blueprint of the business then it will definitely help you get success quickly.
Here I’m sharing a few steps that you need to consider before starting your business
- Start with doing research of your market potential
- Analyze and try to understand the competition
- Hire people if required
- Choose the right location
- Don’t neglect marketing
1. Servant Agency
Providing servants to homes, offices, and private hotels are the idea. If you have management skills and willpower then you can start this business. Basically, you are providing jobs to the seekers and servants to clients. The initial cost is almost nothing but you may have to rent an office to register your company.
2. Book Store
In recent days, you will see that the demand for books is rising gradually. Apart from academic books, there are other useful books that people are loved to read. If you are a book lover like me then you should definitely start your book store. Also, books have the highest margin among other businesses.
3. Ticket Booking Service
Ticket booking may seem easy but not for everyone. By starting a ticket booking agency you are solving a problem for people who are unable to book tickets online. You can book tickets for buses, trains, flights, etc.
4. Tea / Coffee House
Starting a tea/coffee house in a small area is a highly profitable and budget-friendly business idea. Design it like an expensive tea/coffee house but make sure the price is reasonable for customers. If you can do this, I’m sure people will come to spend quality time in your tea/coffee house.
5. Custom Gift Shop
I know how difficult to find out the right gift for someone special or for special occasions. By starting a custom gift shop you are solving a big problem. You can customize gifts for special events like birthday, anniversary, wedding gifts, parties, etc.
6. Event Organizer
From small to big you have to arrange everything as an event planner. The demand for this business is endless. There are many small to big events that you can arrange like birthday parties, political events, kitty parties, official events, anniversaries, etc.
With the highest profit margin, this is one of my favorite business ideas on the list of 30 business ideas in Bangladesh. Different people have different opinions about the catering business.
Let me tell you that it’s nor hard neither an easy business. Proper planning and practical experience are highly required to succeed in the catering business.
8. Mocktail Bar
Starting a mocktail bar is another hot business opportunity in Bangladesh. It’s a non-alcoholic drink made by combining different types of fruit juices or soda. Also, you can offer services to weddings, parties and other festivals to increase your income.
9. Coaching Center
Teaching is the best profession in the world if you are qualified enough. Coaching centers can be started from small to big scale. Initially, you can start it from your home and gradually you can expand and give it a proper look at a coaching center by renting a medium-size room. Also, you can appoint more teachers to increase your revenue.
10. Hair Salon
Starting a hair salon is very easy and cost-effective. Nowadays, men are equally paying attention to their grooming, thus the demand for hair salon has been increased rapidly in recent years. An average hair salon earns about 1,000 to 1,500 Bangladesh taka daily.
11. Beauty Parlor
In Bangladesh, starting a beauty parlor is a wise business idea. For any woman, a beauty parlor has become an essential part of their life. Keep in mind that beauty parlor high profitable and competitive business. So, before investing it’s advisable to gain some practical experience and knowledge beforehand.
12. Electronics Repair Shop
The electronics repair shop is one of the top opportunities in the list of 30 business ideas in Bangladesh. If you have knowledge and skills in the electronic field then you should definitely consider starting this business. Apart from repairing you can also electronics items to increase your income.
13. Mobile Accessories Shop
There are many shops like this but I’m talking about a shop that has almost everything related to mobile phones like charger, back cover, earphones, battery, etc. This type of shop works best if there is no or less competition around you.
14. Tailoring Shop
Starting a small tailoring shop in Bangladesh is another profitable business idea. If you have knowledge and skills of sewing then good otherwise you have to hire a professional for the job. There are different tailoring sections but I recommend you to go with ladies garment tailoring for high revenue.
15. Cooking Classes
One of the best business options for home sitting ladies. If you cook delicious food then you should consider starting a cooking class. Initially, you can start giving cooking classes at your home and once you get a good number of students you can rent an apartment to expand your business.
16. Spoken English
As you know the importance of the English language is increasing gradually thus the demand for spoken English tuition is increasing too. If you have knowledge and expertise in the English language you can easily start your own coaching center. Also, there are many online platforms where you can teach too.
17. Life Insurance Agent
Don’t underestimate this business. Initially, you may not make much but once you build up your client base you will get about 10 to 15 percent of their EMI. Also, you can start this business alongside your job too. For more information “click here”
18. Fast Food Shop
Food is always my friend’s business idea in Bangladesh. It’s an evergreen business that has no downside at all. Starting a small fast food shop near a roadside area is highly profitable.
19. Soda Shop
This is another hot business opportunity in Bangladesh. The best part of the soda shop business is that you can start it with small capital investment. I would recommend you to find out a place for your shop near a school, college, or a running road.
20. Laundry Service
Laundry service aka dry cleaning service is a highly profitable and low-cost startup idea in Bangladesh. Nowadays almost everyone is busy with their lives and do not have enough time to laundries at home thus they prefer laundry services.
21. Pickle Making Business
This is a home business idea that has been modified with time. Still, you can start pickle making from home and then expand it as requires. The demand for homemade pickles is always high compared to others.
Usually, papad is famous as an appetizer and getting popular day by day. You can start this business manually as well as with small custom machines. The initial cost of papad making business is very low and it has huge market potential.
23. Career Counseling
Career counseling is very important for every student. Most of the students don’t have any idea about their future and which type of job or business they actually want to do. By starting a career counseling service you can provide a way to the upcoming generation.
24. Fresh Juice Shop
Fruit juice shop is a lucrative business idea that offers high profits in a small time. Fresh juice is a more favorable comparison to the packaged one. Initially, you can start this business by renting out a shop near the roadside place. Apart from fresh fruits, you will also have to decorate it to look attractive.
25. Pest Control Service
Pest control service includes removing harmful bugs, insects, cockroaches, reptiles, etc from homes. You can start this business from home but commercial pest control service is more successful.
If you do not have any prior experience on this then I would recommend you to get some practical experience and you may also have to register your company and get the license to get started.
26. Automobile Repairing
Starting an automobile repair shop is another small yet powerful business idea in Bangladesh. Automobile repairing is the most successful small business until now. If you have knowledge and expertise you can repair them yourself otherwise you may have to hire a professional engineer for the work. Still, it’s one of the highly profitable business ideas.
In modern days the demand for a nanny has been increased rapidly because women are also working in the office to support their family. Starting a babysitting agency is a great way to make a good amount of money. You get a commission every time your client pays the nanny.
28. Security Agency
Starting from office to private apartments almost everyone needs a security guard. By starting a security agency in your locality you can solve the problem of security guards. You can train your security guards to handle all types of conditions. By doing this you can charge high from your clients.
29. DJ Service
Nowadays almost every party requires a DJ setup. You can start the DJ service business with a budget. The demand for DJ services is very high in metro cities as well as it has good income too.
Mobile phone repairing is still one of the most highly profitable businesses in Bangladesh. The best part is that you can start this business with a very small investment. Initially, the business may not do very well but gradually with time it will hit the spot. A mobile phone repairing shop in my locality earns about 2,000-3,000 taka daily.
So, that’s the wrap on the list guys. I hope the list of “30+ Small business ideas in Bangladesh” will definitely help you choose your business. One thing that I want to tell you is that don’t think too much just choose a business and go with it. Also, I would always recommend you to gain practical experience in the business beforehand to avoid small problems.