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if you need to start a business you should look deep into your experience ,any business you start you should be experienced in and have a good knowledge of your market .
starting a business with no prior experience is suicidal.
Very mind –stirring question Fida!
You have the money? Great! Now, wait! Be patient, careful and thorough without losing your sense of adventure and creativity to invent or innovate.
You've the greatest of obstacles to entrepreneurship moved out of your way, don’t put obstacles yourself. Don’t rush into thinking that having capital will make any business idea revel in success.
If yes, then congratulations you're on your way to conceptualize what used to be a dream/idea.
Your question not easy to answer, first of all, I should read myself well, ( risk seaker/ Or risk averese ),one I decide I can direct myself how I can invest, If so , I should proceed for well digging market analysis, including Global market . To be specific : information can be given from different sources: Bank Consultancy , business relationship, Trade & industries ministry at your country which can give you a huge data about what you may looking for. My advice to you If you have no market expertice try to find partners to minimize Unsystematic risk& keep your capital with minmium loss.
if you have money then go for franchisee opportunity business. The franchisor will choose business according to your budget and place where u want to start the business. They have so many new products to launch in the market. But the the only thing is very tough to heard is they will share the profit.
If you choose a franchisee business then no need to worry about logistics and transportation, purchasing issues. They will provide you a software to order the products online and it will come to your doorstep to do sales
Only we have to take pressure of sales.
I suggest you go into the retail business chain it will sure give you survival and money
Do not chase the money. Chasing the money may only work if you enjoy the industry or business. Otherwise, I suggest choosing a niche which you have full interest and attempt to validate a product or service in that niche. If you can sell10-15 customers, then it may be worth digging deeper into that sector. Otherwise, move on to the next niche you are interested in.
Having money to begin with is a blessing and a portion of that money should be used to help you validate quicker. FB ads usually do the trick. You can reach you target market very quickly and see who will bite.
MAKE A MARKET RESEARCH AND SEE WHAT BUSINESSES DO WHAT
WHO IS ACTIVE AND THE COMPONENTS ARE THEY AVAILABLE LOCALLY OR MUST BE IMPORTED
AND THE CLIENTS OR BUYERS WHAT DO THEY WANT OR NEED, ETC... A FULL MARKET RESEARCH THEN DECIDE
Brainstorming even then if you are not sure go with wind.
Study and select what is essential business like more profitable business in your country and have potential in your area.
no need to think much,,,,,, go for all time profit industry,,, FOOD INDUSTRY
To get information, study the hype cycles, market reports, sales reports, govt reports, understanding people's needs/issues. For this I would approach a market research organization in that country. If I do not have enough information then,