Top 4 Business Ideas in 2023 - Best Business Ideas - Summary

Summary

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**Title:** Identifying Profitable Business Ideas and Sectors

**Key Points:**

1. **90% of businesses fail**; most entrepreneurs lack skills and experience.
2. **Three Evergreen Sectors** with high growth potential:
* **Transportation/Delivery**: Companies like Amazon, Flipkart, Swiggy, and Ola have achieved massive success by solving logistics problems.
* **Education**: Platforms like Udemy, Byju's, Unacademy, and IDigitalPreneur have grown rapidly by providing valuable skills and knowledge.
* **Food and Health**:
+ **Food**: Endless opportunities in food vlogs, nutrition, catering, and more, as seen with Zomato, Swiggy, and FreshMenu.
+ **Health**: An evergreen sector due to increasing health concerns; startups like Netmeds, HealthifyMe, and Practo have succeeded.

**Call to Action:**

* Consider investing in or starting a business within these sectors.
* Learn the fundamentals of business risk-free with **IDigitalPreneur** (link in description).
* Engage with the community by commenting, liking, and subscribing for more business, finance, and life-related content.

Facts

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**General Business and Statistics**

1. 90% of people worldwide hold 10% of the money, while 10% of people hold 90% of the money.
2. None of the top 10% of wealthy individuals do a traditional job.
3. According to data, 90% of people who start a business face significant challenges.
4. Approximately 1,67,076 new startups were created in a mentioned year (exact year not specified in the provided text snippet, but mentioned as "this year" with a comparison to the "previous year" showing a 7.5% increase).

**Company Facts**

5. Amazon started in India in June 2013.
6. By the financial year 2022, Amazon did a business of 21,462 crore in India.
7. Flipkart started in India in October 2007, from Bangalore.
8. Flipkart currently does a business of approximately 50,000 crore in a year.
9. Swiggy started in 2014 and became a $10 billion company by 2022 (approximately 80,000 crore rupees).
10. Udemy started in 2010 and became a $4 billion company.
11. Byju's started in 2011 and became a $16.5 billion company by 2018.
12. Unacademy started in 2015 and became a $3.4 billion company by 2020.

**Education and Demographics**

13. India's population was 39 crores at the time of independence in 1947.
14. By 2022, India's population increased to 141 crores.
15. The Green Revolution started in 1960 to increase food production in India.

**Health Sector**

16. The COVID pandemic highlighted the importance of health insurance and policies.
17. Notable startups in the health sector include Netmeds, HealthifyMe, PharmEasy, Tata Health, Practo, and Generic Aadhaar.