Aspiring entrepreneurs told to start small and focus on market
Experts at an entrepreneurship seminar in Palakkad advised aspiring business owners to start with minimal investment and focus on products with proven market demand. The event provided practical guidance on government schemes, financial planning, and the importance of prioritizing profit.
Why it matters
It provides actionable economic advice for local jobseekers and small-scale entrepreneurs in a developing regional economy.
Aspiring entrepreneurs should start with minimal investment, choose products with a proven market, and keep profit at the centre of their business plans, speakers at an entrepreneurship seminar in Palakkad said on Tuesday (September 29, 2026).
“Every big business started small. Name any big business and you will find a humble beginning,” said N.M. Sharafudeen, chairman of Indo Gulf and Middle East Chamber of Commerce (INMECC), at ‘my job, my business’ seminar organised jointly by INMECC and the Kanjikode Industries Forum (KIF).
T.S. Chandran, former Deputy Director of the Industries and Commerce department, advised young people to choose products that had a market and begin with the smallest possible investment.
“Profit should be the fundamental objective of any business,” Mr. Chandran said. He called for continuous innovation, product diversification and expansion into wider markets.
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