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Business idea,

(74971)
   expatriate
Wednesday, October 3, 2012 06:59 AM 
Reply: >
Dear All,
i am working in uae for 15 years, now i am planning to go back to pakistan and start a business. I have my own home in lahore so no problem regarding house rent. my budget for starting a business is around 15 million rupees.
Need some sincere advice from all of you experienced people.
I am an engineer by profession, however i am not considering starting an engineering design firm as it does not seem viable with this much finance.
Considering a business which can give return for comfortable living of 4 people, 2 adults and 2 school going kids.
P.Paki replied on Wednesday, October 3, 2012 07:20 AM 

start construction business. in this budget you can make 10 marla home in Phase 5, chances of profit are good and risk of loss are minor...first project may be bit difficult but you ill learn a new business.
dubai expat replied on Wednesday, October 3, 2012 10:29 AM 

A school in a posh locality. rent a large banglow to avoid expense on building etc.
Ali Khan replied on Wednesday, October 3, 2012 11:06 AM 

Dear P.Paki,

Good to see you after some time.

Please give some more ideas too other than construction as it is very competitive.

I recall that it took me one year to sell my house and that too with a small profit of 7 lacs.

Kind Regards
overseas paki replied on Wednesday, October 3, 2012 12:43 PM 

Every body is in Construction Business these days. Be creative and Innovative. Start Wireless Consulting business or Internet Business.
Onlooker replied on Wednesday, October 3, 2012 01:04 PM 

At present, education sector seems recesion proof. Makes long term sense for Pakistan. However you may have to include someone for investment.
G replied on Wednesday, October 3, 2012 01:15 PM 

Open a departmental store on some good location along gt road
p.paki replied on Wednesday, October 3, 2012 01:27 PM 

dear brother like i said.

see, it is business. it takes time to sell some time and some sale while under construction. but why i gave this idea because a person coming from outside is always hesitant to take risk of general trading, which may end is money and double too.
---
otherwise i myself is Embroidery Machine trader. we have many units running i can suggest them to try this. but some readers think it is personal business promotion, so i wont do it.
regards.
thanks for remembering me.
overseas paki replied on Wednesday, October 3, 2012 02:43 PM 

P.Paki,
Can you share some info regarding Embroidary Business? How much one machine cost and how much you get back per month. And what kind of Machine you need or brand name.
Owais replied on Wednesday, October 3, 2012 03:40 PM 

Dear P. Paki,

Please do share the latest machine cost, expense,expected revenue and net profit with some cost breakdown.

I am interested in Rawalpindi/Islamabad if viable?

Please consider worst case keeping in mind that I am new and there are frequent power breakdowns,staff availability, mainteance support as you are Lahore based?

Kind Regards
aussie_expat replied on Thursday, October 4, 2012 02:15 AM 

You should start day-care for kids. It has a huge potential because these days more and more people are living in nuclear units and in majority of them both husband and wife are working. I feel its a very good business if you could start a chain of day-care centers for kids.
Kashif Riaz replied on Thursday, October 4, 2012 05:27 AM 

Dear Brothers,

I would like to add, keeping in view of the hindrances by the way of approval from authorities (riswat, delays), labor issue, energy crisis, fluctuation in prices and availability of Raw material. My advice is to go for trading business rather than manufacturing based. Try to import ready things and sell there, huge potential bcos of so many classes in our society; you can sell anything of any cost there.
Regards

Kashif Riaz
Owais replied on Thursday, October 4, 2012 06:31 AM 

Dear Kashif Riaz Sahib,

I would support your thoughts.

Do you mind to highlight a few major items that you would kindly recomend and if you may also drop a few words for the way forward.

This useful discussion may continue as it wil help many inshallah.
Kind Regards
p.paki replied on Thursday, October 4, 2012 08:01 AM 

Aussie Expat's Idea seems best one for me...
Embroidery is good but some tricky for new comers.
I wish to do Fish Farming and Cattle Farming on bedian road in near future for myself...
these days in imports have profit, but if u need good profit then you must have to give big credit. i do business from china and i wanted to try many new things since embroidery business is on credit. so i wanted to change line but everywhere is credit...
Mobile Accessories from China to Pakistan is good idea too and i m doing it currently from China to UAE already.
AH replied on Thursday, October 4, 2012 10:04 AM 

there are some good option given by the participants, and very thankful to LHRE for allowing this. it is actual nobel deed guys.
let us start discussing each option with some detail.
P.PAKI sahib
please give some light to your suggested bussiness construction, importing from china to pakistan especially procedures and capital involved, i can give farming details regarding fish, poultry, cattle and goat foraming because i am directly/indirectly involved in them. thanks
XYZ replied on Thursday, October 4, 2012 12:28 PM 

Dear All,

The import business in Pakistan from china or other countries.

Before start you must consider the following:

1) Import duty on garments, Shoes, Toys, and mobile accessories or the items you want to import?

2) The clearance procedure in Pakistan without paying under table means by paying full government duty and charges to avoid and future problem with custom and other deparmetns?

3)What is the credit terms in Pakistana Whole sale and Retail market as far as i know credit recovery is very difficult and tough in pakistan?

4) In China mostly manufacturer they are asking 30% advance payment and balance 70% upon after shipping or L/C at site. The prodution time for most of items are 15-30 days after the advance payment and than sailing time depends upon port of shipping to port of destination and later on clearing time at the clearing port.

5) Minimum if you import 20ft container the values variries from US $ depends what type of products you import.

6) You must need to open retail outlet by yourself in order to generate cash on daily cash sale. As on whole sale once you will sale all of your imported material than you need to wait from payment collection from market like 30-60 days or more. you need to maintain regular import Cycle to continue market supply you must have suffcient money like 3-5 containers order cycle.

7) The profit for whole sale will not be more than 15-20% on good quality product and if you do retail than accumilative will be between 25-35%.

8) Regarding Garments and sports shoes: Indonesian Garments quality is far better than China and sports shoes from vitenam.

As now days lots of material is allowed to import from India so also see possiblity what you can import from india like steel products, auto parts, live stock etc. and vice versa you can export from pakistan.

The key is in import business before order your check your product landed cost with local market whole sale prices as in china similar product having lots of prices variation as per the quality and either your buyin direct from manufacturer or through agent. In china mostly trading companies are exporting and they charge minmum 10% profit on top of the manufacturer prices and some charge more.

Lots of con traders are in china they ship low quality products or some time less quantity or weight, they took advance payment and balance payment before the container reach to your warehouse, in this case buyer can't do anything.

I just give you all the information based on my 15 years personal import experience in Saudi Arabia from china and other part of the world.

Please do proper study before start any business by yourself don't do any thing in rush, think 100 times before you invest your hard earned money.

Wish you Good luck ...
overseas paki replied on Thursday, October 4, 2012 12:35 PM 

Dear P.Paki,
Can you send me detail info ? Or leave your contact no here
qaiser replied on Thursday, October 4, 2012 03:31 PM 

dear p.paki i also need of your number.please give your email id or any contact number.
Shahid _KSA replied on Thursday, October 4, 2012 04:59 PM 

Dear XYZ,

Dear can you please send me your contact no. / mobile no. As I am also in Saudi Arabia. and want to do new business in Bahrain / Saudi Arabia.



Thanks in advance,
Ah replied on Thursday, October 4, 2012 05:48 PM 

dear all
this is to request u all that please do not be so mean for only your personal gains, we are requesting for nobel deeds and let the experts Mr P.pakis and Mr xyz to openly mention it here instead of bothering them to send emails to each individual- when we will discuss it here we can do cross discussion and can share our experiences- so please request to openly discuss it here- p.paki sahib mention documention detail and other details step by step especially points raised by xyz.
P.paki replied on Thursday, October 4, 2012 06:02 PM 

Dear friends,, points of xyz are valid... But you should know that every item in pakistan not coming in 1 way.. Like many small items come via carrriage services .. On which people in china take goods from you and serve at your door in pakistan.. They charge per kg like now many doing in uae to pakistan as well. But it is illegal way and many doing it because you cant be competitive other than this..

Profit on chinese products are same as xyz and more as well. But people having cycle iof import lose more. Import a product and sale it in cash to shop keepers at lower prices than other importers. Make import cycle fast.
2nd way is branding your import. So u make brand slowly like in pakistan many brands of chinese products already grown HKT, AT Alpha, Q mobile, club, machinery brands, appliances etc.

Just remeber 1 golden rule, "quality sells, may b it take some time for you to stand in market but once stand then you can go longway due to good quality.

I still say 10-15 lakh are good for business from china in start.. Can give good returns and experience but need proper plan.. I had started in 2004 with 9000$ ( i was B-com student that time) and today i stand more than 100 million rupees, because i never left my field, many loses, profits but kept trying n trying and found my way... Be honest to your customer and your business. U will win ultimately.
Pak-European replied on Thursday, October 4, 2012 07:59 PM 

Dear brother XYZ,

Can you share your contact details, minimumly your mailaddress.

Thanks
Pak-European replied on Thursday, October 4, 2012 08:17 PM 

Dear brother P.Paki,

Are You established in LHR, if so, would you like to share your contact details? We are intrested to establish something for renewable energy.

Thanks
XYZ replied on Thursday, October 4, 2012 09:08 PM 

@ Mr. shahid & Mr. Pak-European.

Mr. P. Paki having import and sales experience in Pakistan. He can give better informaiton than me or other people sitting abrod about business in Pakistan.

But as Mr. P.Pakis said import through carriage or small cargo providing door to door delivery can be do on a very small scale in this case profit and business growth chance will be very less and as Mr. P.paki said it is illegal too.

I am not in favour to do any business that having some illegality as illegal thing will not last long and also ethically and religiously it is wrong.

What info i share with you is for a medium size trading co. where someone can earn reasonable income at the beigning and grow gradually.

To avoid lose in business do proper study of local market like whole sale and retail price & demand, the only chance of lose is that if the imported items/goods are not good quality or the market requirment change. Otherwise chance of lose is very rare may be some time the profit drop a little bit.

I am dealing in Building material products that having less demand in Pakistan and I have no import experience in Pakistan. I can help you to tell the import procedure in KSA and other middle east countries and their local market delings procedure.

The success key for any business is honesty and fairness. Deal with your cusotmers with honestly and fairly. You will gain trust of people and will get more business.

This is the only thing lacking in Pakistan: Regret to say in pakistan every one is try to cheat (robe) the customer from top to bottom both government and private sector.

Thanks
Shahid _KSA replied on Friday, October 5, 2012 08:53 AM 

@ XYZ,

Thank you for your detail reply. You are 100 % right. I am base in Saudi Arabia & Bahrain. I want to start a new business in Saudi Arabia & Bahrain.

If you please guide me I shall be very thankfull to you.

AH replied on Friday, October 5, 2012 09:48 AM 

dear p paki
pls mention practical step one by one for childern wears from china.
*From where in china names an contacts and if one wants to visit where to stay and special areas for this bussiness
*quantity to be purchased and any advance payment to be given to manufacturs.
* reliable source to send pak.
*profit margin and any risk involved-
* how u can help the forum in any bussiness from china-
AH replied on Friday, October 5, 2012 10:00 AM 

same request to you mr xyz for uae. For childern wear , gift items or construction material etc. Do one needs to open retail store or office cumulative store- step wise please mentioning the total investmnt , documents , licence , profit margin etc. Remember it is sadqia jaria from u and p paki and may God bless u with his endless bounties.
Khurram replied on Friday, October 5, 2012 12:14 PM 

Dear expatriate
School franchise is a good business these days and if you provide quality education it is also Sadaqia Jaria(in my opinion)
You can get information about each franchise from their websites like

Allied : http://alliedschools.edu.pk/franchise/index.html
Country School :http://www.thecountryschool.edu.pk/
Educator : http://www.educators.edu.pk/index.php

I have experience in running school franchise If you are interested you can contact me or
Khurram replied on Friday, October 5, 2012 12:27 PM 

Sorry my correct email address in
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