When we think about small businesses in Sri Lanka, our second thought would be these :
- Initial investment for business
- Rising working capitals for the business
- Location, rent and the rate
- Other related expenses.
But, there are so many businesses those are running with huge profits without much problems.
For example,
1] Selling kingcoconut
at pavementWhen I mention selling king coconut as a small business, people may think, is it a small business? Or is it generating good enough profits?
Here are some reasons and calculations to solve your confusion.
It’s a one of the most consumable goods in srilanka. Mostly everyone would like to drink it for their thirst and it is good natural tasty fresh drink. When the sun burns hot, people get tired even if they walk for ten minute. So, when they see a kingcoconut shop they will think of drinking it. So, its no wonder as the road he seel kingcocunut in road and when lots of people passes by his shop atleast 1/10 of people prefer drinking king coconut.
The success of this small business [king coconut]lies on identifying a correct place and open a small shop. The place he select should be mostly used by people for their day to day works.
Revenues and profits calculations:
The person who sell king coconut can sell minimum of 50 [and maximum depend on his skill] per day in Colombo area. If they can sell each at Rs.30, and if he purchase it for an Rs.15 his profits is purely 50%. For a day he can earn a profit of Rs.750. If he works for 25 days, his total profit will be 18750. But these profits will not remain same. There will be ups and downs in the sales.
His total profit would go up by 2nd or 3rd month and he may earn Rs.30000-35000 for month. It depends on his communicational skills and the socialisation skill.
In accordance to Sri Lankan labour market, an assistant accountant’s monthly salary is about Rs.20,000 – 25,000. So doing an own small business will be better than working under anybody.
2] Lottery tickets
In Srilanka lottery tickets are the mostly purchaseable thing in the public.
But as per my concern the people who buy lottery tickets are foolish and don’t have self-confident on them. They rely on thier luck and buy the ticket with the dream that they will win one day.
But I am bit happy, because it make some business opportunity to some entrepreneurs to sell the lottery ticket.
Their revenues are depend on the number of lottery tickets they sells, but these business opportunity makes a quite enough profit to make their business success.
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