How to start a business

Question

i am 14 in india & want 2 start a small business.

my idea- there is a shop nearby that sells things at a very low cost eg-RS 400 to RS 280($50 to $39). i hav decided to buy d product from there and sell it for about RS 20-40($2-3). so it will still be a bit more than what that shop gave me but still less than the marked price. so my friends, to whom i would sell it, would think i got it for a lower price than the marked price.

shed some light on my thought as well as give ur own ideas

Answer 1

Good idea, but you need to research it a little more before starting.

Do you have enough friends or acquaintances that you could sell to?  Once you have bought an item could you advertise it somewhere very cheap - like on a postcard in a shop window?  Can people contact you easily?

You need to sort all this out before you start.

Best of luck.