How do I start a cement business
To start a cement business you can opt for a cement dealership/franchise business in your area. Here are some key points which can help you start your cement business. Brand/company: The main thing you need to consider before you start a cement franchise is a brand. You can make an informed decision by comparing the cost and demand of the top cement companies available in the market Type of Cement: There are many kinds of cement available in the market so choosing the right type of cement is a crucial task. You need to have prior knowledge of your industry and the type of cement which has a higher demand in the local market. Requirements: Most important requirement to start a franchise is to get your business registered with a TIN (Tax Payer Identification Number) and other requirements for running a commercial space in India. You also need to consider the proximity of other cement suppliers of the same brand. Investments: One of the most important things to start any business is to have investment capital. You will require an initial investment between Rs 50,000 to 5 lakhs as a security deposit for the franchise depending on the size of your requirement and brands. ROI: Mainly you need to estimate the profit. Approximately the profit that a cement business makes should be between Rs 10-15 per cement bag. But again it depends on company policies and cement price.
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