At the face of the current global conditions, stock markets from across the world are at their worst crisis since 1987. Both Nifty and SENSEX have dropped by more than 36% in a span of one month from the end of February to end of March.
This occurrence blocked the path for many individuals who wanted to utilise their corpus for maximum wealth creation owing to optimistic speculations about 2020.
However, that is not to say every avenue for wealth creation has become unprofitable in the current conditions. For instance, individuals can utilise their corpus as business finance to venture into a small company.
PPE manufacturing is one such business avenue that presents itself as highly profitable amid the current conditions. A small-scale manufacturing business would not require a large capital investment, thus allowing you to venture into it easily to tap into your local market demand.
Secondly, you could start a delivery service for essential items. It has gained prominence in recent times and could serve as a potential business idea for the long-run.
Thirdly, you could tap into the burgeoning reliance of online platforms that facilitate remote working environments and teaching services. Both these online services are in significant demand, and if you possess the technical know-how, you could venture into this.
Once your venture starts to bloom, you could eye expansion by utilising external funding. Two most prominent sources are Credit-linked Subsidy Scheme and small business loans. The latter is particularly developed to assist small-scale businesspersons and allows significant convenience in terms of repayment.