Where to start your business in Belarus. Business in Belarus: experts have compiled the TOP profitable business ideas

What kind of business is profitable to do in Belarus?

Are there still any industries left in the national economy where you can actually do business, earn money and be confident in your prospects?

Promising industries outpace GDP

Investors, when identifying promising industries, look, among other things, at the degree of their dependence on fluctuations in economic activity in the country.

A cycle is fluctuations in GDP, crises, falls, or, conversely, a boom in activity, explains Roman Osipov, director of the investment company Uniter. - The most stable sectors of the economy are those least susceptible to fluctuations.

Experts from the Uniter company conducted a large-scale analysis of the development of approximately 300 sectors of the Belarusian economy, taking into account a whole range of factors. It turned out that there are also industries in the country that show growth precisely at a time when the overall decline is occurring. Such industries include telecommunications, food retail, medical services, and rail transportation.

There are also industries that generally developed at a faster pace - potato growing, production of meat and meat products, dairy products, forestry and logging, production of games and toys, plastic products, and finished metal products. These are those sectors whose growth rates significantly exceeded GDP growth.

How else can you assess the prospects of a particular industry?

The main principle is the level of penetration of the industry into the economy compared to developed countries, notes Roman Osipov. - For example, in insurance, the level of premiums per capita in the Baltic countries and especially in Western Europe is several times higher than in Belarus. And any developing market will move towards this model, towards the level of developed countries. And he will grow to it. It's a question of time. This catch-up growth creates the most interesting preconditions for economic activity in certain areas.

The existence of existing conditions for the development of a business is also evidenced by the general consumer behavior of people. Thus, about seven years ago there were no hypermarkets in Belarus, although a completely different situation was observed in neighboring Ukraine. And those investors who began to develop this segment of modern trading formats won.

Expert: “We need to produce here and sell there”

Mikhail Borozdin, director of the investment and consulting company Mikhail Borozdin Agency, believes that in Belarus almost any private business can become profitable and promising, because its share compared to the state one is too small and competition in general is not so high.

The main thing is to find your niche. In addition, according to the expert, it is desirable that the products be exported, since “the domestic market is deflating, and the solvency of the population is decreasing.”

It would be beneficial to work according to the principle: produced here, sold there,” said Mikhail Borozdin. - Produce or trade? Of course, if we talk about some more substantial business, then it is better to produce. But we need to produce something based on local raw materials. However, the cheapest resource in Belarus is labor.

Based on this, the expert considers it most profitable at the moment to organize “a small production that would use a large amount of hired labor, preferably unskilled.” Workers can pick produce by hand for little money. This could be folk crafts, tailoring. Handmade production is valued abroad, and markets could be found there.

In addition, according to Mikhail Borozdin, export projects in the field of information technology would be interesting. True, the risks are higher. This industry typically employs highly qualified and highly paid specialists. So there is a serious risk of attrition if the situation worsens.

Projects to provide services through Internet online services or opening a design studio are also attractive. Overhead costs are the same as in Belarus, and income can be obtained at a world level.

Theoretically, trading would be profitable, but in order to sell, you need to buy. There will not be a large margin, and the profit will not be so great, notes Mikhail Borozdin. - Yes, and competition in trade is always very high. So trading strategically will not be as effective. It's better to try

Find unique things that are unique to Belarus and in demand in other countries. There are brands such as Scotch whiskey, American hamburgers, Italian pizza. They are made all over the world, but it is generally accepted that Scotland, the USA and Italy make them better. It would be nice to find such products here too.

Another profitable niche is to produce goods and provide services that are popular in the West, but which there is simply no one to do in Belarus, the expert said.

Import substitution business will not last long

Chairman of the union of legal entities “Republican Confederation of Entrepreneurship” Viktor Margelov believes that small and medium-sized businesses will work almost entirely on the domestic market and will never achieve leading positions in exports. They don't have the right volumes.

You can, of course, try your hand at import substitution. Moreover, the real standard of living of the people has seriously decreased. According to Viktor Margelov, he fell by at least one and a half times. So people have less money to buy imported goods.

This situation really opens up certain opportunities for small businesses to produce goods similar to imported ones, but of lower quality,” the expert said. - Naturally, they will be cheaper. Labor and other costs are minimal. For example, women's panties cost 60 thousand rubles. Where do these prices come from? Any seamstress can set up an individual business, buy a sewing machine and easily earn 2-4 million rubles a month. Such schemes are already in place.

However, according to the head of the business union, such import substitution may not last long. As soon as the level of income of the population rises, competitive goods from abroad will again be actively sold in the country, and this type of business will disappear.

By the way, Viktor Margelov considers the advantage of the low cost of hired labor to be controversial.

Theoretically, we have cheap labor. But where is she? I could say that it would be profitable to open a cafe, restaurant or store. But if those who would do this knew what a problem it would be for them to find sellers and cooks, they would never want to open them, he said.

The time for trading is over

The head of the Strategy analytical center, Leonid Zaiko, notes that last year’s currency crisis “cleared” the market for national businesses, and foreigners have nothing much to do with their goods after the devaluation.

According to the expert, now is a good moment for the development of national business. However, Belarus needs an active government policy to stimulate it. Leonid Zaiko believes, in particular, that it is necessary to give free land to everyone who wants it for the construction of enterprises.

The time for trading is over. We need to engage in production,” said the economist. - Enterprises that produce inexpensive products from national raw materials have a chance of success. We need to develop woodworking and the production of simple equipment. Sewing production is very promising. It is profitable to produce food; it is in high demand in Russia. And in Belarus, almost everything in retail chains is imported - fruits, vegetables, potatoes, herbs.

According to Leonid Zaiko, it is necessary to produce “at least just good shovels.” Anything that works for the domestic market is promising. Belarusian business does not need to produce complex goods.

Expert: “Monopolies will be able to survive in the Belarusian market”

The ex-chairman of the XIII Supreme Council Commission on Economic Policy and Reforms, Vasily Shlyndikov, is more pessimistic than previous experts. In his opinion, it is mainly the monopolies that have a real chance to survive in the Belarusian market.

They are now being created in almost all areas,” he notes. - In my opinion, the most reliable and profitable now is wholesale trade in medicines, construction (but not directly as a construction company, but as a developer). It is even more profitable to supply fruits, alcohol, and fish. However, monopolists rule everywhere in these markets, for the sake of which everyone was kicked out of there. In addition, monopolists, as a rule, learn about any innovations before anyone else and have time to prepare.

Business ideas are concepts that help you start your own business. The main thing is to choose the right business idea. In this case, you need to rely only on your own strengths and give preference only to those ideas that are closer to you personally. Perhaps there are some skills, abilities or relevant special education.

What are business ideas?

Business ideas are a way to make money and start your own business. Their peculiarity is their accessibility. Since such business ideas are designed for a wide range of people and require a minimum of investments.
Meanwhile, the success of a particular undertaking depends on several conditions. They are universal and valid for any type of business:

• Availability of own funds. You should not rely on credit money. It is advisable to avoid loans altogether. After all, at the initial stage it is completely unclear how profitable the business will be. Therefore, if you have to take out a loan, then its size should be within the borrower’s capabilities. Otherwise, a business may simply lead to disaster instead of a stable income;
• It is necessary to take into account the demand for a particular business. Moreover, greater demand means greater competition. A new business will have a difficult time in a busy market. At the same time, selling well-known products or providing popular services will find their client and this will provide an opportunity to get on their feet. And unique, little-known offers are good because the level of competition will be low or there will be none at all. This is good, but you will have to try to find your target audience;
• Legal registration. You should not choose an activity that will require complex design. As a rule, this is also associated with serious tax deductions;
• Renting premises. If you have limited funds, then you should choose a business that does not require a large premises. Ideally, it is best to make do with your own space. There are many options that can be organized either without premises at all or on your own personal plot.

Popular business ideas 2017 with minimal investment

Business ideas 2017 with minimal investment, these are profitable and promising concepts that do not require large-scale investments. Among them, the most famous can be identified:

• business ideas with minimal investment, this is dropshipping. Such a business means trading the manufacturer’s goods on the Internet and receiving the difference in profit as your own income. To do this, you can rent an online store and pay very modest rent;
• tire service This kind of business does not require long registration. He always has a large number of clients and is in demand regardless of the season. In addition, equipment can be purchased used. And for the first time you can get by on your own and with one hired employee;
• greenhouse business. This is another interesting option. You can make greenhouses with your own hands and install heating in them. For this purpose, available materials will be enough. There is no need to hire workers, because all the work at the initial stage can be done independently. In addition, you can start a greenhouse business even without any registration. This will help save a lot of money and withstand the difficult period of formation;
• raising poultry. Chickens, turkeys, geese and other poultry are very unpretentious and do not require large premises. Such a business can be started in a garage or on a personal plot. At the same time, poultry meat is always a sought-after product on the market;
• production of souvenirs. Despite the increase in tourist flow to Belarus, the souvenir market is not sufficiently developed. Therefore, this is an accessible niche with great growth prospects;
• small cafe or canteen. This option will be good for those who have a culinary education or are good cooks. Catering points with inexpensive homemade food are always popular. Such a business can bring good profits and develop steadily;
• sewing workshop. Sewing and repairing clothes is always profitable. And if you sew children’s clothes and hand them over for sale, you can grow into your own store in one year. After all, high-quality domestic items are always interesting to consumers;
• online store. You can trade the same goods online as in a regular store. At the same time, online trading does not require its own warehouse premises, sales floors and large staff. Therefore, such a business is economical and profitable;
• flower trade. Flower shops are a stable and promising business. Bouquets, seedlings and other related products are invariably in demand;
• if you have a passion for photography and the appropriate equipment, then you can easily turn such a hobby into a thriving business and photograph weddings, weddings, anniversaries, christenings, and so on.

IMPORTANT. For photo and video shooting services, you don’t even have to register as an individual entrepreneur for the first time, this will save money. And if you have your own equipment, you can practically do it without investment.
Such business ideas with minimal investment will allow you to get on your feet and develop your own business in a short time.

Small business business ideas

Small business ideas on the Internet have many advantages. Thus, such small business ideas do not require their own employees. A universal call center can receive calls. In addition, such small business ideas do not require having your own warehouse or office space.
Data You can start implementing it from the comfort of your own home.

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People who for some reason are forced to move to another country, for example, to Belarus, are afraid to open a business there. Beginning entrepreneurs are unfamiliar with local legislation, so they do not know how to properly register their enterprise. In addition, problems often arise with choosing a direction of activity. You will learn about how to open a business in Belarus from scratch and achieve success from this publication.

Paperwork

So, where to start your business in Belarus? Of course, with paperwork. First of all, you need to officially register an individual entrepreneur or legal entity. If you ignore state registration, you can face serious problems. In accordance with the legislation of the Republic of Belarus, large fines or seizure of profits for the entire period of operation are provided for illegal business activities.

After you decide what business to open in Belarus, consult with experts what permits or licenses you need to obtain to engage in this or that activity. Choose a business that you like. In this case, the work will bring not only profit, but also moral satisfaction.

Promising areas of activity

If you have not yet decided which business is best to open in Belarus, pay attention to the fact that most small businesses in this republic operate in the trade sector. The rest belong to the industrial and construction sectors.

• People have been engaged in trade since ancient times. To achieve success in this area, you need to correctly determine which product is in greatest demand. For example, before, you first need to analyze the market to understand how in demand such a product is in a given region;
• Construction and renovation are services that are popular in any economic conditions. New residential buildings, entertainment centers, supermarkets, etc. are being actively built in Belarus. In addition, there is a constant demand for renovation of apartments, houses and public spaces. Owning your own construction company is a great small business idea from scratch in Belarus;
• Light industry enterprises produce essential goods - food, clothing, medicines, etc. Such products are in demand always and everywhere, so if you are looking for options on which small business is best to open in Belarus, pay attention to this promising area of ​​activity.

The government of Belarus provides all possible support to beginning businessmen, but you should not rely on outside help for everything. Before starting a business, ask experts and carefully study all the laws. You will need this knowledge to communicate with bankers, tax authorities and other representatives of regulatory authorities. It is advisable to take special courses where you can gain business communication skills.

Business in Belarus

Opening your own business in this country is not that difficult. The most important thing is to find profitable small business ideas from scratch in Belarus that will allow you to earn a good income. Let's consider several promising options for beginners.

Unusual restaurant

A restaurant from the future is a very interesting and original idea for a small business in Belarus. People always eat and celebrate holidays, so the restaurant will be profitable in any case. For example, if you work with clothes or furniture, you can easily go broke because such a product may go out of fashion and you will not be able to sell it. But delicious food is always in demand, especially if it is served with quality wine or other alcoholic beverages.

This idea for starting a business from scratch in Belarus also has disadvantages. Nowadays, a huge number of different catering establishments are opening, so in this area you will have to face a high level of competition. But if you come up with some kind of “zest” that will attract the attention of customers to your establishment, it will flourish.

Before doing this, draw up a detailed business plan, and also roughly calculate... If you are confident in your abilities, feel free to get to work.

Grandma for an hour

Beginning entrepreneurs who do not know how to start their own business in Belarus without starting capital can implement a new unique idea - “grandmother for an hour.” Such a business can be developed literally from scratch.

You can offer different services to your clients:

• Look after the children;
• Prepare lunches;
• Clean the house.

When you have regular customers, give them small discounts and nice symbolic gifts, for example, socks or a scarf knitted by “grandmother”. If you want to open your own business in Belarus, the “grandmother for an hour” idea will be an excellent start for creating your own cleaning company or a recruitment agency for recruiting home service personnel. This is an ideal option for women who are looking for what kind of business they can start in Belarus with a small investment.

Agriculture

If you love working on the land, try getting started. In Belarus, this line of activity brings good profits to entrepreneurs.

The state strongly supports newcomers who open. The government has even established benefits for aspiring entrepreneurs who want to work in this area. The simplest option is your own farm. Start by growing vegetables, raising poultry, pigs or cows. Over time, when the farm begins to generate a stable income, you can purchase equipment and open an enterprise for processing agricultural products. By the way, this is excellent.

Fitness club

Modern people have begun to play more sports, so the demand for the services of fitness clubs in Belarus is constantly growing. It is most profitable to open such an establishment in a densely populated residential area, or near office or shopping centers.

Despite the fact that the market is oversaturated with various physical education centers, there will always be an entrepreneur who will offer something new and interesting. The question of quickly returning the initial investment and standing out among competitors is certainly too complex, but quite solvable. If you think through all your further actions in advance, the establishment will prosper. Having your own fitness club is a good option in Belarus.

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Transport company

This is one of the best ways to open a business in Belarus. Recently, this line of activity has begun to develop dynamically and bring excellent profits. Before opening a transport company from scratch in Belarus, analyze the market. There is too much competition in this area, so if you are not confident in your abilities, it is better to look for another idea that you can bring to life.

At first, you can open a forwarding company. In this case, you will not have to spend money on buying your own vehicle. Such an organization sells services, so opening it will not require large financial investments. All you have to do is find a client and connect him with the carrier. From each transaction you will receive your commissions. A forwarding company is a great way, or to any other country in the post-Soviet space.

Sunflower oil production

Beginners often wonder what kind of business can be opened in a small town in Belarus so that it prospers and brings good profits? There are many options. Experts recommend starting your own business with minimal investment. In this case, even if the company goes bankrupt, you will not lose all your savings. It is best to choose a small business idea in a garage to start with, for example, starting the production of sunflower oil.

This product is always in demand in the market. It is purchased by individuals and catering establishments. In addition, sunflower oil is used for the production of canned food and confectionery. If you are looking

Some people are simply born to be entrepreneurs. They have such a trait as innate independence, and this makes them decisive and courageous. They are willing to take risks if they understand that this step will allow them to achieve success. But at the start, both a born businessman and someone learning the basics of entrepreneurship need an idea. You need to decide which business would be the best choice, and finding the perfect option is by no means easy.

Experts from the Biznet business forum told us about what kind of business to start in Belarus at the present time. We will talk about a small business that can be organized from scratch and independently.

5 most profitable areas for small businesses in 2018

• Small service companies that go to the client themselves. Consumers today choose those businesses that come to them, and not vice versa.
• Children-oriented businesses. Parents are spending more and more on their children as school budgets continue to shrink.
• "Shared Consumption". By applying the Uber or AirBnB business model to another industry, you can create a serious, profitable small business.
• Online education companies. Low overhead costs and ease of distribution make the online education industry a good fit for entrepreneurs who want to make a profit and help others at the same time.
• Freelance B2B services. Nowadays, when business is still in recession, many companies are in need of crisis managers. With business acumen, you can offer your services to other companies as an independent contractor.

3 Simple Steps You Need to Know Before Starting a Business

Step 1. Any business starts with a good idea. But in order to make this idea a reality, everything needs to be carefully thought through and even sketched out a business plan. It is important to ensure that the concept will be successful.

Step 2. When you are confident that the idea will work, you need to start planning the logistics of the business with a well-formulated business plan and take action.

Step 3. Every business needs capital to grow, and startups are certainly no exception. But, as the owner of a new business, you can count on support both from the government and funding from larger enterprises interested in developing your project. It is important to explore all options, including lending.

TOP 10 profitable ideas in small business

1. IT services.
2. Provision of repair, design services, sale of building materials.
3. Mobile application development.
4. Freight transportation.
5. Farming.
6. Car repair.
7. Electronics repair.
8. Consulting.
9. Car wash.
10. Personal trainers.