10 crazy reasons to start your business in Nepal now

You have a choice right now: Either make your own dreams come true or “you will be hired to make some-one else’s dream come true.”

Here are my 10 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 those smart people  to actually work for you.
  2. There is crisis all around (electricity, water, fuel, communication, inflation, food quality, air-quality, construction to name a few). Remember crisis is an opportunity for an entrepreneur, and for you to become a multi-millionaire while serving fellow Nepali and Nepal.
  3. High unemployment rates means you can build a team around motivated youths who are desperately looking to stay employed. Plus, you get their goodwill and hopefully loyalty to build a sustainable company in the long run.
  4. Rest of Nepal is still beautiful and now awaits you, thanks to everyone flocking to big cities like Kathmandu. Go outside Kathmandu, and build an opportunity in the forgotten rural areas while also making an impact there.
  5. Youths are leaving in thousands daily, to work abroad, which means less competition for you.
  6. Nearly 5 million Nepalis working abroad send back around 7 Billion a year (2017/18). Nearly 1 in 3 families survive through remittance. Find out how to do a good business catering to them and their families. Also know that the market for the poor and lower middle-class is huge! Serve these billion dollar customers!
  7. Win business from customers by showing your consistency in delivering track record and honest intentions! Many of your competitors might be taking the short-cut to success by using corruption. Take advantage of this unique situation. Learn that they can never compete against you in terms of transparency, honesty (and probably quality also). 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 ‘gudpaks’ or sweets shops to out-compete with corrupt, shady ones that exist today. I bet, you could 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 thousands of families dedicated to recycling our trash? Why do you think shops after shops are opening in Malls and in your alley too? Serve our consumer driven nation with quality, affordable price and superior customer service with a touch of your own originality and please add some sweet innovation!
  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 Europe and US. So start now when there is less competition.
  10.  The old system is crumbling and there is no more of the strict societal and political biases against entrepreneurship. “Making profit is good” mentality is on the rise. Time to quietly rise and shine !
You have a choice right now: 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 helping improve it\.

13 thoughts on “10 crazy reasons to start your business in Nepal now

  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. 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..

  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.

  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. you raise valid points 🙂 But then we are entrepreneurs – we will solve any problem 🙂 कि कसो ?

  7. 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.

  8. 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.

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