10 crazy reasons to start your business in Nepal now

Here are my 10 weird reasons for you to start a business in Nepal now.

  1. Overwhelming majority of educated people opt for a non-profit or government or private sector ‘jobs’. (leaving the race wide open for you). Go and start a company and attract all the smart people  to actually work for you.
  2. There are crisis all around (electricity, water, fuel, communication, inflation). Remember crisis is an opportunity for an entrepreneur, and for you to become a billionaire while serving fellow Nepalese.
  3. High unemployment rate (45%) (and perhaps more among youths) means you can build a team around motivated youths looking to stay employed. Plus, you get their goodwill and loyalty to build a sustainable company for the long run.
  4. Rest of Nepal is still beautiful and now awaits you, thanks to everyone moving to big cities like Kathmandu. Now go, build an opportunity around this while making an impact by serving in rural areas discarded by most..
  5. Youths are leaving for work abroad,(560,000 in the last 11 months), which means less competition for you to carry out your ideas.
  6. Workers abroad (2.5 million or more) send back more than US $3.5 Billion a year. Find out how to make a good business catering to them or their families. The market of the poor is huge! Serve these billion dollar customers!
  7. Many of your competitors might be taking the short-cut to success by being corrupt. Take advantage of this unique situation. Learn that they can never compete against you in terms of transparency, honesty (and probably quality also). Win business from honest customers by showing your good track record and intention! If your corrupt rivals try to out- maneuver you, challenge them to open their accounts, and get the sensation hungry media on them or the government watchdogs to inspect them! (For example Open a good hygienic ‘gudpak’ or sweets shops to out-compete with corrupt, shady ones that exist today. You would win! )
  8. We are fast becoming a consumer driven nation. We buy a lot and throw away a lot. From cloths to recycling there is opportunity. Why do you think there are 1000′s of families dedicated to recycling our trash? Why do you think shops after shops are opening in Malls? Serve our consumer driven nation with quality, affordable price and superior service!
  9. Industries built right after civil strife or wars can last for a long time as proved by the industries that opened after the Second World War in much of Europe and US. So start now when there is less competition. And we just stopped killing each-other i.e we got out of the civil war.
  10. No one cares. The old system is crumbling and there is no more of the strict societal bias against entrepreneurship. “Making profit is good” mentality is on the rise. Time for you to quietly shine!
You have a choice: Either make your own dreams come true or “you will be hired to make some-one else’s dream come true.
Thank you to Prasanna Dhungel for edits.

 

Comments

  1. nice one. i have already started my own business. its just been 20 days. someday, i hope to share my success story with you guys.

  2. Dear All,

    I am an young entrepreneur from India. I have my own real estate business here in India and want to merge with a potential person who is looking to get into real estate business in Nepal so that we can work for mutual benefit. The real estate sector is really vast here and lots of income can be generated by operating in Nepal.

    The person must be a marketing freak with a positive attitude towards sales and business development and must be a local Nepalese so that he/she has a perfect understanding of the native market and people around.

    Kindly let me know if someone is interested.

  3. Hello , I am Nepali youth age 21 looking to invest money in Nepali local level. I am a villagers and what type of business i should do ? Around 10 lakh money i could invest in business sector . I am waiting for your feedback.

    1. Uddav, Do invest in a sector that you yourself have a knowledge in. You should know where your investment is going and how the business you are investing works in …
      I would bet on agriculture if you have land in village.. invest in modern agriculture that you yourself know about..

  4. This is one of those “hammer on the head of the nail” kind of things. Straightforward, honest, awesome!

  5. motivational !!!! Hope lots of guys will try it out and atleast some get success. Apart from the mentioned points , every Nepali is looking for next best thing from Nepal. Really hope it could happen . This will encourage more people living abroad to come back and contribute …. Not just rest of Nepal , whole Nepal is still really beautiful …

  6. I  like your analysis as a businessman but all the points are valid?

    -Educated people are leaving which is great to avoid competition but we will lack quality.
    -Market for poor is billion but only for their basic needs.Can we afford or invest for new or innovative product,?
    -No one care that why big fish able to swallow small.   Be careful.

  7. There are not many laws, rules, and regulations for doing business.
    Like others, Nepalese  people tends to get influence products, fashion, and life style  like western. You can easily win business —Don’t need to be genius.
    Too many people that is market for you.