Looking to start a new business
is always incredibly exciting. Especially in a country like Sri Lanka, which is
currently experiencing an economic boom. As a new entrepreneur testing the
waters, you may want to start a small business before you delve into larger
legal structures.
But what is a small business? A
small business can be defined as a business that is both owned and operated
independently. Currently, small businesses make up to 60% of the businesses in
Sri Lanka. Thus, showing you that it is a truly lucrative idea. The benefits of
opening a small business are many. Among them, the biggest is the ease of
setting up. In fact, you may even set up your business online in Sri Lanka!
This can be done via the website for the
Registrar of Companies.
However, as a new entrepreneur,
thinking of a business idea can be daunting. While you have the zeal and
motivation, delving into the economic climate of Sri Lanka is exhaustive. One
can even say it’s almost impossible to think of a new idea now. However, this
should not hold you back. From research into market trends, we’ve looked into a
few business ideas that are new or newish to Sri Lanka!
Therefore, without further
deliberation, below is a curated list of unique business ideas you can start in SriLanka. This list has been made by looking at the current
entrepreneurial landscape of Sri Lanka. Meaning these are what the current Sri
Lankan markets are lacking and are in need of. Moreover, some of these ideas are
completely new to Sri Lanka, which means you can profit off of the novelty.
Mannequin Trader
Sri Lanka has a booming textile
industry. As such, there are several clothing stores dotted around the country.
One business idea could be to restore pre-used mannequins to give them a second
life in these stores. You may also opt to customize mannequins depending on
customer preference.
Everything for LKR 100
Opening a store where all items
retail for LKR 100 (or another base price you may set) seems novel. This is a
popular business idea in foreign countries, but has not been explored in Sri
Lanka. You can sell a variety of items from snacks to stationery goods.
Cat café
Opening a café in Sri Lanka is a
common business idea. Currently, the market is saturated with new cafes and
other food retailers. So, if you’re interested in beginning your own café, you
will need to have a fresh twist on it. That’s why we suggest cat cafés! Popular
in other parts of Asia such as Japan, cat cafés are cafés in which adorable
feline friends roam freely. Thus, providing customers joy and satisfaction as
they eat their meals. You don’t have to stick to just cats as well! Puppy cafés
and bunny cafés serve as a popular choice as well!
Custom paintings and portraits
Some people are happy with the
instant results of a phone camera. Some people want something more traditional.
And that’s where you can come in. If you’ve got a flair for painting and an
artistic eye, you may start up a custom portrait business. Where you can offer
to paint clients in your own unique style.
Freelance musician
Are you skilled with a guitar? Or
a piano? Do you have a mesmerizing voice? If any of your answers are yes, you
can start up your business as a freelance musician. As Sri Lanka is currently
booming in the food and beverage industry, you may find yourself with several
clients looking for live music. In fact, with a comprehensive website with
examples of your skill, you may even be booked for private events and parties.
Furthermore, you can also opt to perform at events to advertise yourself.
Freelance video editor
With the current rise of social
media and advertising, clients now flock to video editors to ensure their video
is as good as it can be. Therefore, if you’re familiar and skilled as a video
editor, you can use it as your pitch to start up your business.
Interior designer
Got an eye for design? Then you
may find yourself happy by establishing a business as an interior designer.
This way, you can market yourself to both office owners as well as homeowners.
Moreover, this business requires very little startup capital
Custom candle maker
Candle making has been an art for generations.
Sadly, it has seen a steady decline in the past decade, as more people opt for
commercially produced candles instead. By starting a custom candle business,
you can appeal to clients by being able to craft their favorite scent!
Moreover, you can harness the soothing power of essential oils as a marketing
point too! Customers can select what they like, for example, a lavender scent
for relaxation and you can take care of the rest.
For more information about Sri Lanka Foreign Company Registration Service
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