Archive for the ‘Business News’ Category

Filed Under (Business News) by chintan on April-19-2008

Are you future to start up your own Small Business? In today’s radically transformed scenario powered by internet and new technologies, there is plenty of such business Opportunities Ideas. In order to become winning, you should have that vision, a bit imagination and whole promise! Some people are tired of working under administration, so it is better for those to think about opening there own small business. After all, why one would want to work for someone else and go through the daily grind of commuting to and from the workplace when he can found a business in his own home. This means supple hours, both travel time and expenses are saved, and no manager to go after or listen to. There can be many Small Business Opportunities to start with associated with each person as some of them are explored below.

For a person who works smart and hard and wants to make a profit, following are some common Small Business Opportunities Ideas that can assist him in his business life.

(1). Pets

More and more people are looking for someone to care for their pets. Some people like pets. If you rather not look after children but love to spend your time with pets, then, just opt to do home-based pet sitting. All is to prepare your home for these pets and find some clients. In these days where pets are lavished with so much of attention, this is a viable option.

(2). Selling Things

Go through your home and you might find things that you are not using any more. Have a garage sale to sell off these things. Or if you are good at handicrafts, you could also sell them. Potentially, you could also see if any of the gift shops would like to display your handicraft for sale. If this turns out to be successful, then you can just supply the shops. If you are good at baking, you could have a home-based cake making business. Again, you could supply the cakes to food outlets if you do not want to be involved in selling them.

It is easy to decide that you want to start a home-based business but before you decide which one, look at some best home business ideas. Be realistic and take stock of your own skills, interests and experiences. You do not have to quit your job straightaway. Start doing it part time if possible to see if it suits you. Once you are comfortable, you can then go into it full time.

(3). Internet Business

Today is the world of e-commerce, nowadays home based internet businesses are getting fame fast, and it will be one of the thought but it may not be for everyone. There are also other home based businesses that someone may want to decide from based on his hobbies, interests, skills and experience.

(4). Grass Cutting / Snow Removal Services

We mow our own grass here (and remove our own snow). But we’re in the minority in our neighborhood. Many people would rather spend the money on having someone else keep their yard looking good. The great thing about this business idea is that in many places, you can combine the two and have a viable business all year long.

(5). Scraps

I freely admit that I know little about scrap-booking. But I do know that scrap-booking is a growing industry (of about $3 billion a year currently) and that kind of popularity tells me that it’s a business idea that could be very profitable. You can start a business as a creator of original scrapbooks or by becoming a consultant for a scrapbook business that’s already established.

(6). Home-based Day Care

Small Business Opportunities Ideas specially should be something one would like to do. If one likes children, then a home-based day care can be an avenue for him to earn that extra money. By having it at home, he can save on the big amount of money that he will need to invest if he thinks of a center outside his own home. Some parents may also prefer to leave their children in the comfort of a home setting.

(7). Residential Cleaning Services

Having your house cleaned by someone else is no longer only for the rich. With everyone getting busier all the time, more people than ever are willing to pay to get the benefits of a cleaner home and more free time to do things they consider to be more important. Residential cleaning services are normally provided on a once-a-month or once-a-week basis. If you’re an organized person who can build a clientele, you could do extremely well if you start a cleaning business.

(8). Delivery Services

We’re all familiar with the “big names” in the delivery industry, but that doesn’t mean that there’s no room for the little guy (or gal). If you can deliver things quickly and efficiently in your local area at a reasonable price, this may be a good business idea for you. There can be many other small business opportunities detailed to every person if you explore your abilities, experience and your imagination influence.



Filed Under (Business News) by chintan on April-11-2008

The government is probable to snip import duty on cotton as part of a package to sew up fiber costs for local cloth mills. This wrap up would be in addition to allowing cotton imported at zero duty from Africa to vie with Indian cotton. The government is exploring a reduction in import duty from 10% to 5% and removal of special additional duty of 4.5%. The government may also take away export incentives such as the 1% draw back on wrapping material. Zero duty import of cotton will be permitted from the least developed countries of Africa. The list of LDCs could be long-drawn-out to other regions.

The move to boost direct competition comes at a time when Indian cotton farmers are celebrating a great season. Strange international demand in 2008 has given farmers unprecedented profits despite a record harvest. India is now the world’s favorite shopping destination for affordable good quality cotton due to an exportable surplus of 10 million bales this season. But this unexpected rise in cotton prices has peeved textile mills, who are pressured by lower profit margins and rupee appreciation. Textile mills believe a duty cut will exert psychological pressure on the market and deter any speculative hoarding, especially by exporters. “We believe foreign trading companies could be holding as much as 25 lakh bales of cotton. That has distorted the market,” officials at the East India Cotton Association, an industry body, said.

Moreover, textile mills could import cotton if there is price parity. “African cotton is 4 cents more expensive than Indian cotton right now. Plus, there is an 8 cent duty in India. If this duty is zero, African cotton would become quite spirited here,” said a Mumbai-based trader. But with India itself the cheapest and largest source of cotton in the world, finding alternatives may be tough. Meanwhile, there is little evidence that India could be running out of cotton soon. India has bent at least 31 million bales. Indian mills consume 21.5 million bales, while the pipeline carries 2.5 million bales. That leaves 7 million bales from this season’s crop, along with about 2 million bales carried forward from last season.

In other words, India has almost 10 million bales to spare. Since exports are unlikely to cross 6.5 million bales, there is little reason to panic. “There is ample availability. By reducing import duty, the government will distort price signals to farmers just before the 2008 sowing season,” said a trader here. India is poised to become the world’s top cotton producer within a couple of years if yields continue to increase. Large ginners and exporters said Indian textile mills are annoyed because they are unable to beat down cotton prices as they are wont to.

“Mills were expecting to profit from the record harvest by paying low prices. That calculation went awry when exporters entered the market and bid up prices. Just because mills are not willing to match other players during the value series there is rejection reason to penalize the entire cotton economy,” said an exporter here. at the appointed time payments appear to be another factor that has attracted ginners towards exporters.

“Mills usually follow the pay-when-able style of performance, which is very tough for small ginners. Unfair trade practices are also out of control. So when ginners found that exporters are willing to pay within the fine time and not be expecting credit, they obviously jumped at the offers,” said a ginner.

The USDA forecasts 2007-08 to show lower production, expenditure, and deal of cotton in the world market. Make will be lower in China, Brazil, and Turkey, but higher in Pakistan. World use is likely to be lower mainly in China, India, and Turkey, due to weaker than anticipated fabric insist combined with higher cotton prices family member to polyester.