Every successful business looks glittery from distance. What people dont understand is how the business was made, how much effort was put in, how many times the guy running the business failed. And here we have people looking for short cuts to get rich.
OP, no matter how profitable a business is, if you arent aware of its ins and outs, you will fail. You want to start a business, but you arent even aware of how it works.. You need to learn the tactics, the in and outs from working at a bird store. Once you have gained enough experience, only than you should think about starting your own business.
I have seen so many people fail who simply had the money but no expertise or knowledge. My uncle opened a bakery, he thought its a profitable business which it is, but he failed really bad. My other relative opened up a paint business in Lahore. It failed.
Why? Is it because people dont want to buy cakes or paints? No its because my relatives had no expertise or knowledge on how to run a business. Running a business isnt about sitting at your store and selling stuff. Its about studying consumer behaviour, negotiating on supplies, being good with numbers, being street smart etc.
Having said that, if you are really into this business, you need to find a job at a local bird shop, from there, you will learn the characteristics, and the work ethics of the owner, and how he manages the business. Once you have enough knowledge and you know the trends, you should invest 20% in starting your own business. So, if your business requires 20 lacs to start, and you have 30 lacs, you need to give yourself a break and wait for 10 more years. Bottom line: Always invest 20% in a start up. Go save up 1 crore and than spend 20 lacs. If you fail, you'll become a man and get up stronger because youll have enough money in your pockets. But if you put everything you have on the line and if you fail, you'll be flipping burgers at Mcdonalds
